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Base salary are different for different class of honors. For 2nd class honors with NS. Basic is 4.6k as of 2018. You are missing out on the Engineer's additional market adjustment bonus of 800/mth. All available allowance/cash benefits/bonuses taken into your computation? Do the maths again. lol |
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compare st and dbs profit margin, dbs supposed to be crown jewel among glcs |
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People would expect them to pay fairly, the 'average' market rate, or whatever you call it. Since they are working closely with DSTA, CAAS, DSO, ASTAR, just to name a few. |
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whereas st adjusts based on market demand and supply |
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Drawing from tax budget or not, there is still a limit, and they have to pay accordingly to market rate as well. When you talk about market rate, you are already talking about supply and demand. Is there a different between govt's market rate and st's market rate? They are both hiring from the limited pool of engineering talents available in Singapore, be it foreign or not. I can only say that ST is betting on the ignorance of their new hires, especially fresh grad. So that management can continue to draw above the market rate (my personal assumption) from the amount short-changed from the people below them. Are you from the management? |
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In govt sector, after the 20% boost for engineers in June 2016, at least 3.8k basic for engineers and 4k basic for Infocom Technology (ICT) related, for fresh grad 'passed' degree with no honors. *The keyword from our DPM's announcement for the 20% boost is "at least" and "starting at" the values stated above. "Don't even have 4k", probably because you are an engineer doing non-ICT related with a 'passed' degree, no NS. Got 3.8k basic? If yes, then you are not short-changed for the monthly basic. BUT! see below. lol But for the annual package in ST, you definitely kena short-changed. And we are comparing apple with apple here. i.e. to say, similar GPA, same degree awarded, class of honors, years of experience, etc. Taking into account all the bonuses, allowance and benefits you will get in the year. |
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