Only 1 in 10 think upgrading will lead to higher pay - Singapore Forums by SGClub.com
Singapore Forums by SGClub.com
Sitemap Contact Us FAQ Singapore Forums by SGClub.com
Home Photos Member List Register Mark Forums Read  
Go Back Home > Lifestyle > Workplace and Business Forum » Only 1 in 10 think upgrading will lead to higher pay

Why aren't you a member of SGClub.com yet??

» Join 130,000+ other members in chatting.
» Make lots of new friends here.
» Keep up-to-date with current events.
» Participate in Club outings.
» Download lots of Free Stuff!

Registration just takes 2mins and is absolutely free so join our community today!

I Want to Choose my Own Personal Nickname Now!


Reply
 
LinkBack Thread Tools Display Modes
Old 6th February 2015, 07:06 AM   #1 (permalink)
Experienced SGClubber
ms.siqi is a jewel in the roughms.siqi is a jewel in the rough

 
ms.siqi's Avatar
 
Posts: 17,035
Join Date: Jan 2008
Likes: 112
Liked 153 Times in 144 Posts
Gender:

Only 1 in 10 think upgrading will lead to higher pay

Only 1 in 10 think upgrading will lead to higher pay


Office workers in Singapore's Central Business District (CBD).

STJobs
Thursday, Feb 05, 2015


In 20 December 2014, The Straits Times reported a bigger pay rise was to be expected in 2015 due to a high demand for labour and a tight supply of foreign manpower. Following that, STJobs.sg conducted a survey on bonuses and pay increments in January 2015 to unravel the sentiments of workers in Singapore.

Out of 560 people surveyed, 87 per cent of them were aged 21 to 50. 85 per cent of the respondents were PMEBs and white collar workers from across a multitude of industries, mainly from Multinational Corporations (MNCs - 35 per cent) and Small and Medium Enterprises (SMEs - 32 per cent).

The Ministry of Manpower (MOM) has been promoting lifelong learning and skills upgrading of the workforce in Singapore (under the Continuing Education and Training (CET) Masterplan) by making training courses more accessible. The Singapore Development Workforce Agency (WDA) has also put in place a scheme to fund up to 95 per cent of the course fees for individual learners.

While such efforts are put in place to boost a more employable labour force, about 89 per cent of those interviewed do not think that their company would consider their initiative in attending training courses to increase their skills as a reason for giving them a higher pay.

"I had a colleague who studied for and received his Certified Public Accountant (CPA) license, yet the company didn't consider increasing his salary," said finance executive Vanessa Tan, 27, who works in an MNC.

However, although the majority doesn't correlate training to pay increment, some still recognises that it helps them in their career indirectly.

"With a CPA license, I scored more job interviews and was able to ask for better terms, as compared to when I didn't have one. It has helped me open more doors," said L S Lee, 43, an internal auditor and civil servant.

This gelled with the CET Masterplan, which aimed to "help workers find their niches, seize opportunities in new growth areas and remain relevant and employable".

Aside from that, 6 in 10 respondents do not think that they will receive a biggerpay rise this year, although about half of them (51 per cent) were positive about receiving a bonus or pay increment. Reasons cited include "My company did relatively well and I believe I will get something" and "My company did not do very well but they always recognise their employees' contributions".

Despite this, about half of the respondents (51 per cent) plan to leave their company after receiving their bonus and/or pay increment because they "cannot stand being in this company any longer", have received better job offers or intended to do something different.

When asked why they should receive a pay increment, 71 per cent of the respondents named reasons such as "I am not badly paid but the cost of living in Singapore is too high" and "I played a big part in contributing to my company and deserve some recognition". Even then, most of those surveyed expected that their company would realistically only give them an increment of between 1 to 5 per cent (69 per cent).

STJobs believes in the importance of lifelong learning and continuous upgrading of skills. With the tough competition in the job market, stand out from the crowd and boost your employability by taking up relevant training courses. Log on to www.STJobs.sg/Learningtoday to find a plethora of training courses and keep yourself employable.

- See more at: http://business.asiaone.com/career/news/only-1-10-think-upgrading-will-lead-higher-pay#sthash.UfpUQRoq.dpuf

Sponsors:
ms.siqi is offline  
Add to ms.siqi's Reputation Reply With Quote
Old 13th February 2015, 09:51 AM   #2 (permalink)
Experienced SGClubber
*StarDust* has much to be proud of*StarDust* has much to be proud of*StarDust* has much to be proud of*StarDust* has much to be proud of*StarDust* has much to be proud of*StarDust* has much to be proud of

 
*StarDust*'s Avatar
 
Posts: 67,882
Join Date: Oct 2007
Likes: 408
Liked 349 Times in 307 Posts
Gender:

Re: Only 1 in 10 think upgrading will lead to higher pay

I believe most companies do not buy that.

__________________
"Dear children, let us not love with words or tongue but with actions and in truth". - 1 John 3:18
*StarDust* is offline   Add to *StarDust*'s Reputation Reply With Quote
Old 13th February 2015, 10:49 AM   #3 (permalink)
Cool SGClubber
godslayer is on a distinguished road

 
Posts: 245
Join Date: Nov 2008
Likes: 2
Liked 2 Times in 2 Posts
Gender:

Re: Only 1 in 10 think upgrading will lead to higher pay

Well, upgrading gives you a chance to move up as with better qualifications, you are able to show your employer that you are capable of higher responsibilities. However, to really secure your promotion, 90% of the effort depends instead on your work attitude and etiquette. Hence, upgrading would be what you say, just a stepping stone.

godslayer is offline   Add to godslayer's Reputation Reply With Quote
Old 13th February 2015, 09:24 PM   #4 (permalink)
Experienced SGClubber
ms.siqi is a jewel in the roughms.siqi is a jewel in the rough

 
ms.siqi's Avatar
 
Posts: 17,035
Join Date: Jan 2008
Likes: 112
Liked 153 Times in 144 Posts
Gender:

Re: Only 1 in 10 think upgrading will lead to higher pay

Yes, stepping stone to another company.

ms.siqi is offline   Add to ms.siqi's Reputation Reply With Quote
Reply

Thread Tools
Display Modes


Similar Threads
Thread Thread Starter Forum Replies Last Post
Higher aspirations, higher cost of living? maverick SGClub Cafe 0 14th May 2014 09:25 AM
DPM Teo: Higher public policy spending may not lead to more babies *StarDust* International & Singapore News 6 19th July 2012 03:57 PM
Help: Old Jap Wii needs 'upgrading' toyjoy Nintendo Wii 31 17th April 2009 10:38 PM
upgrading cfw soda PSP Guides 1 29th March 2009 05:36 PM
Will Skype lead to higher phone charge? fkh3100 SGClub Cafe 6 26th June 2007 12:09 PM

» Sponsors
Watch Free Movies Online
Celebrity Gossip
Food Delivery

» Facebook Fans
» What's Going On?
Title, Username, & Date
Increased GST needed to support rising expenditures
Inspirational Songs
Aoki Hagane no Arpeggio: Ars Nova
Post anything random on this thread.
Windows 10 - Modern Setup Host Has Stopped - Help Needed
More than 75 per cent of Singaporeans support Hong Kong protests: Survey
Stamford Catering's food hygiene grade cut to 'C' after 52 people fall ill
Several Myanmar nationals arrested for supporting armed violence, will be deported: MHA
Ler Teck Siang allegedly advertised drug injection services on Grindr with profile name...
2 batches of Crottin De Pays goat cheese recalled: Singapore Food Agency
A2 App Performance microSD Review
Singapore bans bottled water from Malaysia's Malee Mineral Water after bacteria found
Your Bones Are Getting Weaker, Here's How to Keep Them Healthy
Police warn of fake police officer who tries to get ATM card details through video call...
HSA warns against using 4 skin creams for diaper rash, eczema after baby hospitalised
5 things you should know about food poisoning
How to Answer The 64 Toughest Interview Questions
Completed Reservist Cycle and Get A Damn Watch
eoqrbjcz
is $40 expensive for hair and makeup by a professional at my place?
Featured Photos
by marisoljames322
· · ·
Member Galleries
20359 photos
13619 comments
by marisoljames322
· · ·
Member Galleries
20359 photos
13619 comments
by pdsubbu
· · ·
Member Galleries
20359 photos
13619 comments
by Vikas Dhar
· · ·
Photography
35 photos
36 comments
by aaudreygan
· · ·
Guy Photos
1581 photos
946 comments
by aaudreygan
· · ·
Girl Photos
4352 photos
26066 comments
by a8paris
· · ·
Guy Photos
1581 photos
946 comments
by a8paris
· · ·
Guy Photos
1581 photos
946 comments
by aaricia
· · ·
Girl Photos
4352 photos
26066 comments
by aaricia
· · ·
Girl Photos
4352 photos
26066 comments

 

All times are GMT +8. The time now is 12:32 PM.


Powered by vBulletin
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Copyright© 2004-2013 SGClub.com. All rights reserved.