In Singapore Base Salary is the sum of Basic Payments and Fixed Payments. Basic Payments is simply Basic Salary, or starting salary for example a domestic maid starting basic salary of about $350 or Php 11,200 per month. The difference majority of the company salary payout In Singapore is monthly and not weekly. The Starting pay is varies from $1200 to $1500 for trainee nurse.whilst Fixed Bonus, Cost of Living, Location, and Position Allowances are classified as Fixed Payments respectively.
Guaranteed Cash or
Guaranteed Cash is the sum of Base Salary and Total Near Cash Payments. Total Near Cash Payments are annualized payments used where a guaranteed cash payment has been agreed for work performed, and for the sole reason of employee tax optimization or the employer looking to avoid making compensation pensionable or 'vested', an employee is allowed to put a certain amount of money against a nominal benefit. We say nominal because there is no obligation to actually use the money for the purchase of the benefit. As no Near Cash Payments are included here, Guaranteed Cash is equal to Base Salary.
Total Short Term Variable Payments
Total Short Term Variable Payments are the actual award amounts paid during the most recent twelve-month period that are contingent on discretion, performance or results achieved. The full year award is included even where part of the payment is deferred for a period of time. Short Term Variable Payments include both company and individual performance based bonus payments.
Total Short Term Variable Payments as % of Base Salary
Total Short Term Variable Payments as % of Base Salary is Total Short Term Variable Payments awarded during the most recent twelve month period that are contingent on discretion, performance, or results achieved as a percentage of Base Salary. Percentages are only provided for jobs receiving an actual payment.
Total Cash
Total Cash is the sum of Guaranteed Cash and Total Short Term Variable Payments.
Fixed Remuneration
Fixed Remuneration is the sum of Guaranteed Cash and Total Benefits. Benefits here include cash allowances such as entertainment, housing, car, transport, meals, rental expense and all notional input cost to the organisation of all non-cash fringe benefits such as company car, mortgage subsidies, club membership, medical/health coverage, non-statutory fund contributions, leave passage, and education fees. Fixed Remuneration represents the value to the employee and it does not include any short term variable payments or statutory payments.
Total Remuneration
Total Remuneration is the sum of Fixed Remuneration and Total Short Term Variable Payments.
Fixed Employment Cost
Fixed Employment Cost is Fixed Remuneration plus all statutory payments paid by the organisation on behalf of the employee. It represents the total fixed cost to the employer of an individual's remuneration package as it does not include any short term variable payments.
Total Employment Cost
Total Employment Cost is the sum of Fixed Employment Cost Total Short Term Variable Payments.
Age
In Singapore Age of employee play an important role in the justification payout of the salary
Years of Service
The length of time, in years, that the employee has been with the organisation. The company might have a scheme that once you complete a 4 year work a lump sum of money will be given to the employee. IF they fall short of the agreement year no money is given
Years in Position
The length of time, in years, that the employee has been in the current position.
Note
Negative attitudes disrupt teamwork, increase stress and cripple productivity. In the workplace, the big difference between the winners and the losers is their attitude to work and their disciplined approach to every task they do.
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