is there or should there be a pay gap between public and private? - 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




is there or should there be a pay gap between public and private?

Reply
 
Thread Tools
  #1 (permalink)  
Old 16-05-2017, 02:57 PM
Verified Member
 
Join Date: Aug 2014
Posts: 23
mangos47 is on a distinguished road
Lightbulb is there or should there be a pay gap between public and private?

or put in another way, if you currently work in public sector, and consider moving to private sector working on a similar role. obviously private sector job will be more demanding, stressful and unstable. how much pay increment do you think is acceptable?

vice versa, moving from private to public, how much pay-cut can you tolerate?

I heard from a friend, who worked in private for 20 years before joined public sector as a director, saying he took 30% pay-cut to serve the country. but on the other hand I know from other friend the pay difference isn't that much actually.

Reply With Quote
  #2 (permalink)  
Old 18-05-2017, 11:52 PM
Junior Member
 
Join Date: May 2017
Posts: 1
gazelle232 is on a distinguished road
Default

First we should establish an apples-to-apples comparison, and the best way to do this is by comparing the annual package, including CPF contribution. Why do I say this? Because in many cases nowadays, Private Sector pays higher basic pay, and few months' bonus. Some do not even offer 13th month. On the other hand public sector typically has low base pay, but typically gives 4 months' of PB and AWS bonuses.

In cases were Private Sector pays 13-14 months whereas Public Sector is 16-17 months, the difference is not just in take-home pay, but also Employer CPF contributions, which average about $1K a month. Plus, Public Sector gives 2% additional Medisave contribution (not a good trade-off if you are older, but good if you are young and single).

Based on my calculations, if one was previously on a 14-month private sector package and switches to a 16-month public sector package, he/she can afford to take about 15% take-home pay cut while still maintaining largely similar annual package.

Then, if on top of this one is willing to forego 10-15% in annual pay for Public Sector's greater job stability, then a take-home pay cut of 25-30% is very likely.

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
Private to Public Sservice (Advice needed) kelvinchua Income and Jobs 2 24-09-2015 08:56 PM
[Degree Holder] Public or Private? Darkzi0n Income and Jobs 23 08-10-2013 10:20 AM
Is it difficult for private degree to get into public sector? BubblesAirHead Income and Jobs 6 07-04-2013 09:40 PM
Private or Public Sector? dupdupdup Income and Jobs 0 23-10-2012 10:56 PM
Private & Public sector pay comparison cbee Income and Jobs 5 17-10-2012 02:09 PM

» 30 Recent Threads
CAD (Commercial Affairs Department) ( 1 2 3... Last Page)
225 Replies, 227,390 Views
Compare civil service salary ( 1 2 3... Last Page)
15,866 Replies, 11,550,301 Views
Lawyer Salary ( 1 2 3... Last Page)
20,162 Replies, 9,299,181 Views
IMDA (under MCI) ( 1 2 3... Last Page)
867 Replies, 409,879 Views
ST Electronics ( 1 2 3... Last Page)
3,449 Replies, 1,302,100 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,870 Replies, 2,707,400 Views
GovTech ( 1 2 3... Last Page)
4,130 Replies, 1,667,626 Views
GIC (Government of Singapore... ( 1 2 3... Last Page)
368 Replies, 647,731 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
1,455 Replies, 1,090,210 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
11,636 Replies, 4,193,336 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
271 Replies, 307,404 Views
Career as Teacher ( 1 2 3... Last Page)
9,367 Replies, 5,661,249 Views
How is life as a doctor in... ( 1 2 3... Last Page)
6,124 Replies, 2,888,922 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
5,506 Replies, 4,176,147 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
474 Replies, 271,560 Views
OCBC Graduate Talent Programme... ( 1 2 3... Last Page)
1,102 Replies, 553,743 Views
Calculate Net Worth and Benchmark... ( 1 2)
16 Replies, 19,198 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
4,849 Replies, 4,165,247 Views
Working Culture in IRAS ( 1 2 3... Last Page)
72 Replies, 150,381 Views
NTU (non-faculty) ( 1 2 3... Last Page)
141 Replies, 190,515 Views
Roles in accenture singapore ( 1 2 3... Last Page)
6,571 Replies, 1,929,040 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
402 Replies, 193,001 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
5,698 Replies, 3,341,758 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,276 Replies, 987,015 Views
Ex-MOE Teachers ( 1 2 3... Last Page)
389 Replies, 419,629 Views
Cybersecurity/Info security career ( 1 2 3... Last Page)
491 Replies, 226,955 Views
how to earn money at this age? ( 1 2 3... Last Page)
44 Replies, 72,488 Views
td securities technology graduate... ( 1 2 3... Last Page)
36 Replies, 8,615 Views
Talent Management vs Marketing,...
5 Replies, 3,850 Views
If you can't find a company here... ( 1 2 3... Last Page)
130 Replies, 38,620 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 03:57 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2023, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2