MPs to debate benchmarking process in civil service pay review
..He had explained that it is critical for Singapore to keep salaries of political, judicial and statutory appointment holders competitive so that the country can bring in a continuing flow of able and successful people to be ministers and judges.
Minister Mentor Lee Kuan Yew also reiterated that point and reminded Singaporeans to have a sense of proportion.
He pointed out that the annual wage bill of S$46 million for ministers and all office holders was just 0.022 percent of the country's total economic output of S$210 billion...
*******************
AND if the ministers are to be "encouraged" by the increase in pay
will they be "tempted" if there's a bigger carrot hanging in front BY OTHERS?
*****************
AND! some extra information from the Business world
"..Banking magnate Wee Cho Yaw, who is the chief of United Overseas Bank (UOB) was paid as much as $9.25 million last year.
The Straits Times today reported that the Mr Wee received much more than his counterparts at DBS Bank and OCBC Bank.
But the title of best paid chief went to retailer Mr Jopie Ong, 66, boss of Metro Holdings, who drew between $10.75 million and $11 million for the year ended March last year, said the ST...
In comparison, DBS' Mr Jackson Tai and OCBC's Mr David Conner was paid between $7.5 million and $7.75 million and $5 million and $5.25 million respectively..."
*********************
AND! fresh!
Salaries in the Management Executive Scheme, he said, need an upward adjustment of 16% this year and as a first step, there will be a 5-8% adjustment which will be in the form of a performance-based payment of 0.75-1.25 months of salary.
Changes to the Management Support Scheme and Technical Support Scheme, which employ officers with diploma qualifications will also see a revision with a performance-based payment of 0.5 - 1 month, while those in the Home Affairs Uniformed Services, comprising the Police, Prisons, Civil Defence and Narcotics services, where wages are also lagging, adjustments amounting to 10-13% will be carried out and come in the form of a performance-based payment of 0.75 - 1.5 months.
(crosses finger and hope >.<)
No comments:
Post a Comment