i wonder if this has been posted before...
Foreign "talents"?
Published by Singapore Election.
Just look at these figures!
From ExpatSingapore Forum
Expatriate Salary:
Investment Banker - Director 300k + bonus (100% last yr)
Controlling - AVP 130 + bonus (25%-35%)
managing director of ad agency: $500k + 14 months bonus + $15K
housing allowance + company car (BMW 6 series)
Title: regional business development manager; Industry: Shipping /
Logistics; Salary/benefits: S$150K + S$25K bonus
$200K + $24K + $60K bonus, Invest Bank
CEo - Major Charity Annual Salary (without huge bonuses);
S$600,000
BE MBA from India (10+ yrs MNC) $200k + $72k + 25-50%
Expatriate Typical housing allowance (per month):
$2500, regional sales role
analyst S$3k
assoc S$4-5k
Vice President S$8-10k, $12k
Director S$10-12k
Managing Director S$15k
Local Contract Plus?
Extract from expat site (noted by someone in Sammyboy's
forum):
Hello,
I know this topic has been covered many times on this forum
already, however I'd like some advice on the salary package my
company has offered me to transfer from to . The contract is
described as a "local contract Plus". The offer is:-
Salary S$180K per year
Rent S$ 3,600 per month
Utilities & Maintenance S$ 1,200 per month.
would this package give a good standard of living for me, wife and
3 children (ages 5, 4 & 2).
Should I also trying to push for school fees as part of the
package?
What other items should I try to include?
Any advice would be greatly appreciated
... there are in Singapore about a million Foreign Talents (580,000
legals and 350,000 illegals) This million represents a staggering
33% off the Singapore population of 3 million. It is an abnormal
trend, even for developed countries such as UK, USA, Australia.etc.
Their citizens will have voted their governments out, if the
percentage of aliens crosses the 3% mark.
...the number of babies born per year in Singapore is 45,000 and
the number of influxes of FT into Singapore is around 50,000
(Singapore Government released figures). Assuming that a Singapore
child has to spend 20 years of his life, economically inactive (
schooling years plus National Service Commitments), there will be
at the end of 20 years time, 900,000 new Singaporeans (naturalized
citizens).
The total number of Foreign Talents within the same period, will be
1,000,000. If all these Foreign Talents, assumed to be above 21
years of age, were to take up Singapore citizenship at the end of
their respective 5 years stay in Singapore, then there will be,
within the stated time frame, 750,000 new inducted Singapore
citizens. These inducted citizens are economically more productive
than the emerging 20-year-old naturalized Singaporeans. Hence it
does not take much intelligence to see that our 20 -year olds would
be no match for the new breed of inducted Singaporeans. Our young
will be displaced in every field. At some point of time, the influx
of inducted citizens will exceed the number of naturalized
Singaporeans.
The PAP Government must have foreseen the issue, otherwise it would
not have encouraged naturalized Singaporeans to reproduce
themselves at a faster rate. Given the factor that Singapore is
extremely small, with only a population of 4 million, the cross
over point could be realized in a very short period less, than 30
years. We have illustrated the scenario with a very simplistic
outlook. The picture would be more grim if one realizes that with
every FT that comes into Singapore, a foreign father, mother, and
children will be tagging along not far behind.
... FTs, are always employed near the top rung of the corporate
ladder. They thus can inflict much damage on the Singapore
community. Take the case of John Olds. He screwed up Singaporeans
through DBS policies. John Olds was given the boot but the PAP
Government unfortunately sugar coated the sacking by giving the
guy, millions. One wondered whether John perhaps knew too much and
had to be bought off. He probably, is laughing all the way to the
bank.
This is just one incident of an FT screw up. There could be many
more, hidden away in Singapore Technologies Set-Ups or even within
Singapores GIC. Rumours regarding mis-management abound. Some have
yet to be duly explained by the PAP Government.
Billions of dollars can in fact be saved, if the FTs are only
allowed in as pure tourists. The PAP's FT policy only benefits
their own elites. They have paid themselves so high salaries, that
to continue enjoying the benefits they have to bring in FT's to
replace and displace Singaporeans. It is a sad state of affairs,
when one sees that a husband and wife team of NTU or NUS Civil
Engineers being only able to afford to purchase 4-room HDB Flats.
Or for that matter an SIA First Officer Pilot only able to rent
room and not purchase an HDB unit. And on record, the Singtel Top
Executive is grumbling about his low salary of more than
S$1,000,000/- per year. There are many Singaporeans who in their
life time will not be able to earn a total of $1 million.
So do we, Singaporeans really lack talents or is PAP government
just trying to exploit us? Don't we also deserve better things in
life rather than living in HDB and slaving our lives away in NS?
Why isn't government nuturing its own talents, instead they are
letting them slip away and later label them as "quitters"?
SOS!!
