calculate salary must calculate the hidden cost also - Page 3 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




calculate salary must calculate the hidden cost also

Reply
 
Thread Tools
  #21 (permalink)  
Old 18-07-2012, 03:21 PM
Super Member
 
Join Date: Dec 2011
Posts: 187
poor and stupid is on a distinguished road
Default

Ok, I think there are too many bashing about this post. I guess the thread poster just tries to gives us another view to calculating salary... which is well... very subjective. And to make this even more complex, there is the definition of "work", "obligated working time" etc etc...

Some engineer are constantly "working", figuring out or dreaming about solutions for work related matters, but should we divide their pay by 24hrs/day?
Sales people have to pick up that company sponsored mobile line even if they are flying off to nirvana at 3am in the morning.

My take is that, maybe "total pay" should be pledged to job satisfaction rather than "total time" involved. If you are not happy, you may think that 1000/day pay as a mercenary in a critical war/terrorized zone is super duper ultra low, and playing diablo3 for 5bucks/hour is a super steal!

Or just divide your total pay by your obligated working hour if you are doing unskilled jobs

Reply With Quote
  #22 (permalink)  
Old 18-07-2012, 09:34 PM
Unregistered
Guest
 
Posts: n/a
Default

Giving generic sentence like family time, can always teach tuition etc is useless, you only know for sure when you try actually to make the extra money during free time.

At best he can claim it's a lifestyle choice for him to get low pay and more time for personal things. The problem comes when he try to justify that he is actually paid higher than his friend who has a higher salary by using poorly defined parameters.

Ironically he appears more desperate than his friend to prove he is "better paid".

Reply With Quote
  #23 (permalink)  
Old 18-07-2012, 10:16 PM
Unregistered
Guest
 
Posts: n/a
Default

Judging by the things you wrote, it is no wonder that you are working in a SME.

Quote:
Originally Posted by kakarukeys View Post
I have a friend who worked in GLC, gloated over my low pay and suggested me to quit and join her.

So I calculated for her, what her "actual" salary was.

a 4-year experienced IT consultant,

Her annual based on monthly wage: 12 x $3300 = 39600
Her bonus/AWS (2011): 4 x $3300 = 13200
Her OT Pay = 0
She works 8hrs per day + 2hrs OT for free per day (THIS IS THE HIDDEN COST). Sometimes she came back on weekends, but let's don't count that

Work days in a year = about 230 days (excluding leaves, ph, MCs)
Work hours in a year = 230 x 10 = 2300 !!
Hourly rate = (39600 + 13200) / 2300 = $23 / hr

I had a job in SME sector that doesn't require me to do OT, but has very low bonus.
but my hourly rate is about $22 / hr, almost the same

Reply With Quote
  #24 (permalink)  
Old 19-07-2012, 09:49 AM
Teacup
Guest
 
Posts: n/a
Default

I have just read all the post over breakfast this morning.
I think TS's view may be right but is not useful in any way.

The ultimate end point is how much money you bring home at the end of the month.
TS may be able to monetize his free time but at the end of the day, did he?
If he has the capability to make more money but he doesnt, then its of no use at all.

Look at the high fliers, they work long hours but they end up with nice condos and flashy cars sooner than anyone.

And i am 100% sure TS will never bring in as much money as the high fliers who work 16hrs a day.
Reply With Quote
  #25 (permalink)  
Old 19-07-2012, 09:56 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Teacup View Post
I have just read all the post over breakfast this morning.
I think TS's view may be right but is not useful in any way.

The ultimate end point is how much money you bring home at the end of the month.
TS may be able to monetize his free time but at the end of the day, did he?
If he has the capability to make more money but he doesnt, then its of no use at all.

Look at the high fliers, they work long hours but they end up with nice condos and flashy cars sooner than anyone.

And i am 100% sure TS will never bring in as much money as the high fliers who work 16hrs a day.
how shallow. people here only care about "nice condos and flashy cars". i am different. i care about good living and living a good life.
Reply With Quote
  #26 (permalink)  
Old 19-07-2012, 10:30 AM
Unregistered
Guest
 
Posts: n/a
Default

the guy who started all these stupid calculation is nothing but a sore loser who is only capable of whining. Dont bother about him lah. He is just making a joke out of himself.

Quote:
Originally Posted by Teacup View Post
I have just read all the post over breakfast this morning.
I think TS's view may be right but is not useful in any way.

The ultimate end point is how much money you bring home at the end of the month.
TS may be able to monetize his free time but at the end of the day, did he?
If he has the capability to make more money but he doesnt, then its of no use at all.

Look at the high fliers, they work long hours but they end up with nice condos and flashy cars sooner than anyone.

And i am 100% sure TS will never bring in as much money as the high fliers who work 16hrs a day.
Reply With Quote

  #27 (permalink)  
Old 19-07-2012, 08:33 PM
Verified Member
 
Join Date: Jul 2012
Posts: 18
kakarukeys is on a distinguished road
Default

Two employees, one works 9-5, always knocks off on time, one is made to do overtime every day and always comes back on weekends. Suppose the figures on their monthly pay slips are the same. Are they compensated equally by their employers?

No. They are not. One is obviously underpaid than the other. I don't know why some people here can't understand this simple obvious fact.

Plus my original post never showed me getting a higher salary than my friend (only close to).
I see many didn't even bother to read properly first, then made wild assertions here.
Quote:
Originally Posted by Unregistered View Post
The problem comes when he try to justify that he is actually paid higher than his friend who has a higher salary by using poorly defined parameters.
I am just offering an alternative view to salary calculation.

Last edited by kakarukeys; 19-07-2012 at 08:37 PM.
Reply With Quote
  #28 (permalink)  
Old 19-07-2012, 08:43 PM
Verified Member
 
Join Date: Jul 2012
Posts: 18
kakarukeys is on a distinguished road
Default

Quote:
Originally Posted by poor and stupid View Post
Some engineer are constantly "working", figuring out or dreaming about solutions for work related matters, but should we divide their pay by 24hrs/day?
Sales people have to pick up that company sponsored mobile line even if they are flying off to nirvana at 3am in the morning.
That's why these engineers are considered "underpaid", their hourly rates (if calculated using my method) tend to be adjusted to lower side, due to lengthened actual working hours.

They should find some way to let their boss know of these effort, otherwise they don't get the deserved compensation.
Reply With Quote
  #29 (permalink)  
Old 19-07-2012, 11:18 PM
getreal
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Teacup View Post
I have just read all the post over breakfast this morning.
I think TS's view may be right but is not useful in any way.

The ultimate end point is how much money you bring home at the end of the month.
TS may be able to monetize his free time but at the end of the day, did he?
If he has the capability to make more money but he doesnt, then its of no use at all.

Look at the high fliers, they work long hours but they end up with nice condos and flashy cars sooner than anyone.

And i am 100% sure TS will never bring in as much money as the high fliers who work 16hrs a day.
people who work 16 hours a day for the extra cash are basically slaves who are being taken advantage of by their boss. it is not worth it as time is precious and in fact it is priceless, so the smart ones will know how to use their time properly and have time for family and personal interests.

i set up a software outfit of 10 people a few years back, and i don't have to get in to work earlier than 930, and i knock off by 6pm sharp. most of my staff are bright sparks and hardly ever works late (to me working late is a sign of bad management by the employer or wrong employee fit). average annual revenue has been healthy and at age 35 i already have a net worth of close to SGD 2.5 Million.
Reply With Quote
  #30 (permalink)  
Old 19-07-2012, 11:26 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by getreal View Post
people who work 16 hours a day for the extra cash are basically slaves who are being taken advantage of by their boss. it is not worth it as time is precious and in fact it is priceless, so the smart ones will know how to use their time properly and have time for family and personal interests.

i set up a software outfit of 10 people a few years back, and i don't have to get in to work earlier than 930, and i knock off by 6pm sharp. most of my staff are bright sparks and hardly ever works late (to me working late is a sign of bad management by the employer or wrong employee fit). average annual revenue has been healthy and at age 35 i already have a net worth of close to SGD 2.5 Million.
how do you get sales for your software outfit?
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Calculate Net Worth and Benchmark It Salary.sg Investments and Net Worth 16 23-09-2023 10:41 PM
Calculate Income Tax 2009 Salary.sg Investments and Net Worth 3 19-09-2009 08:02 PM
Buy low-cost index funds Salary.sg Investments and Net Worth 1 19-06-2009 10:00 AM
Calculate Income Tax 2008 Salary.sg Investments and Net Worth 16 14-11-2008 01:52 PM
Cost of living is top concern Salary.sg Investments and Net Worth 0 02-06-2007 11:14 PM

» 30 Recent Threads
Career as Teacher ( 1 2 3... Last Page)
10,833 Replies, 6,665,225 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,801 Replies, 1,043,823 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
15,308 Replies, 4,982,880 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
679 Replies, 388,234 Views
GovTech ( 1 2 3... Last Page)
5,160 Replies, 2,163,336 Views
Visa Graduate Development Program ( 1 2 3... Last Page)
207 Replies, 134,550 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,922 Replies, 2,902,541 Views
UOB Management Associate Program ( 1 2 3... Last Page)
1,455 Replies, 784,368 Views
Nparks ( 1 2 3... Last Page)
39 Replies, 34,362 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
5,828 Replies, 4,656,630 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
309 Replies, 368,991 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,338 Replies, 4,769,866 Views
Compare civil service salary ( 1 2 3... Last Page)
16,342 Replies, 12,454,684 Views
Civil Service Current Estimated... ( 1 2 3... Last Page)
169 Replies, 309,074 Views
Constituency Manager (People... ( 1 2 3... Last Page)
989 Replies, 813,869 Views
Julius Baer Graduate Program 2023 ( 1 2 3)
21 Replies, 14,794 Views
Roles in accenture singapore ( 1 2 3... Last Page)
7,385 Replies, 2,323,913 Views
Lawyer Salary ( 1 2 3... Last Page)
21,013 Replies, 10,328,826 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
752 Replies, 358,309 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
1,049 Replies, 440,525 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,464 Replies, 1,375,153 Views
ST Electronics ( 1 2 3... Last Page)
3,767 Replies, 1,544,423 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,260 Replies, 613,497 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,123 Replies, 3,738,403 Views
MX12 reappointed at MX11
8 Replies, 802 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
749 Replies, 405,474 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,329 Replies, 1,142,038 Views
MFA- Foreign Service... ( 1 2 3... Last Page)
54 Replies, 84,951 Views
Cybersecurity/Info security career ( 1 2 3... Last Page)
511 Replies, 268,536 Views
Singapore Airlines ( 1 2 3)
22 Replies, 11,274 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 01:23 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2