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How is life as a doctor in Singapore?

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  #6801 (permalink)  
Old 31-12-2023, 05:30 PM
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Take bonus and aws
Profit is....variable.
I own a business, I will minimise profit.
Director fee, amortise fix cost and what not all reduce profit so I don't pay so much tax.

Should ask for 5 percent of revenue. Ahaha
Or a payout that is kpi dependent
Eg grow the chronic disease population
Grow the health screening packages sold
Also 5 percent is a pittance.

500k profit only 25k lei ( means revenue maybe 1 million)
Like aws only.

Ur friend Kenna cheated.
Even raffles group bonus anyhow also give 20k liao.
I presume the profit sharing option would have been better during the COVID years, as profit for clinics were through the roof. Now that everything normalize, not sure what is the average profit for a clinic

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  #6802 (permalink)  
Old 31-12-2023, 09:36 PM
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Originally Posted by Unregistered View Post
Take bonus and aws
Profit is....variable.
I own a business, I will minimise profit.
Director fee, amortise fix cost and what not all reduce profit so I don't pay so much tax.

Should ask for 5 percent of revenue. Ahaha
Or a payout that is kpi dependent
Eg grow the chronic disease population
Grow the health screening packages sold
Also 5 percent is a pittance.

500k profit only 25k lei ( means revenue maybe 1 million)
Like aws only.

Ur friend Kenna cheated.
Even raffles group bonus anyhow also give 20k liao.
You mean RMG is giving bonus meh? All along only AWS.

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  #6803 (permalink)  
Old 01-01-2024, 09:09 AM
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So quiet, all take bonus go holiday.
Do you think the impending pay rise for senior doctors will be similar to that in 2014. (That time AC got a 20% pay rise)
Exiting next year for a non procedure speciality (not fm), so hoping for the best

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  #6804 (permalink)  
Old 01-01-2024, 09:12 AM
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You mean RMG is giving bonus meh? All along only AWS.
U never get?
I got 25k lump sum lei.
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  #6805 (permalink)  
Old 01-01-2024, 11:35 AM
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Do you think the impending pay rise for senior doctors will be similar to that in 2014. (That time AC got a 20% pay rise)
Exiting next year for a non procedure speciality (not fm), so hoping for the best
U wait long long got pay rise
Continue to dream

Ops pay rise so long NV materialise
What makes u think got payrise for hosp
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  #6806 (permalink)  
Old 01-01-2024, 11:47 AM
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Do you think the impending pay rise for senior doctors will be similar to that in 2014. (That time AC got a 20% pay rise)
Exiting next year for a non procedure speciality (not fm), so hoping for the best
Actually the current public pay is competitive
We have excess of senior docs

If we increase pay for them
They don't leave for pte
Then there is not enough vacancies for juniors Exiting residency

So you might think pay is good
But it is actually bad
Coz it reduces the job vacancies for juniors
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  #6807 (permalink)  
Old 01-01-2024, 12:00 PM
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U wait long long got pay rise
Continue to dream

Ops pay rise so long NV materialise
What makes u think got payrise for hosp
AC in hospital 12.x k liao.
Quite tough to justify increment.
Its a equivalent of a deputy or fast rising full director pay at a stat board aka super scale
You all also trap within the public ma.
Switch cluster no pay difference
Procedure speciality private dont credential u all until
u full con for 2 or 3 years in restructured hospital.
Some speciality also not much private business.
Like rheumatology, endocrine .. tan bo jiak one.
This kind is you senior con in hospital and got Indonesia private patient fly over to specially see you then u can consider turning private.

FM different.
Many chains can hire you.
U can also setup shop easily.
Pple already leaving left right center
Don't increase salary no one liao.
U want depend on foreign hire, 5 years later u die lo. These foreigners will not form a core team to run your polyclinic one.
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  #6808 (permalink)  
Old 01-01-2024, 12:45 PM
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Can I ask in general how significant is profit sharing in private gp land?

For example, I have a friend getting offered a similar basic as me, but has no aws, and no bonus (my group pays a variable bonus of 1-2 months in addition to aws); instead he was offered 5% profit sharing for 1st 5 years then 10% after.

I.e the profit sharing is the bonus la (but just wondering how much is 5-10% profit sharing worth in general)
Happy new year.

Hi do you mind sharing what base and (if possible) what grp?

May be tendering this month as tired of getting lied too regarding our increment.

offered 18K + aws + (supposedly) 1-2 month end of year bonus
looking at revenue sharing but they havent confirmed.
Not an established chain so thinking if it is a good deal.
probably trying to aim for sign on bonus and revenue sharing in contract.

Any adv if i should take it? similar to yours?
if you mind sharing whats your total comp a year? thinking if can hit 300k.

Any adv would be appreciated. thanks.


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  #6809 (permalink)  
Old 01-01-2024, 12:47 PM
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Can I ask in general how significant is profit sharing in private gp land?

For example, I have a friend getting offered a similar basic as me, but has no aws, and no bonus (my group pays a variable bonus of 1-2 months in addition to aws); instead he was offered 5% profit sharing for 1st 5 years then 10% after.

I.e the profit sharing is the bonus la (but just wondering how much is 5-10% profit sharing worth in general)
Hi can share whats your base/total comp a year?

Being offered 18k + KIV revenue sharing, may be tendering this month but not sure if got a good deal.
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  #6810 (permalink)  
Old 01-01-2024, 12:51 PM
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Hi can share whats your base/total comp a year?

Being offered 18k + KIV revenue sharing, may be tendering this month but not sure if got a good deal.
18k + aws is decent
For 234k annual comp

I think for 42 hours very decent
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