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Compensation history

Discuss about getting a well paid job or career advancement. Ask about salaries, expat packages, CPF & taxes for expatriate.

paspepa
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Compensation history

Postby paspepa » Sun, 19 Jul 2009 4:32 pm

Dear All, per title. a friend is applying for a job at a foreign financial institution in singapore. after 1st interview, he was asked to fill up a form where he has to inform his previous basic salary, bonus etc back to several years ago ! It's not an offer letter (not up to that stage yet).
1- It's only simple and contract job, is it normal/common practise in finance industry in singapore ?
2- Is it a must, or if refuse to fill up, what is the risk ? (s/o has experience here ?). I wonder if it's really serious or just to test how badly the candidate wants the job.
3- for 'basic salary' (there's note : dont incl allowance/benefit), can AWS be included in basic salary ?

thankyou for yr asap feedback and advise.

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sundaymorningstaple
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Postby sundaymorningstaple » Sun, 19 Jul 2009 4:59 pm

As you know, there aren't any laws protecting employee here in Singapore. The government is pro-business only. The only employees with some protection at all are those earning less than 2K/mo.

Having said that, there is nothing stopping them from requiring you furnish that information. If you don't furnish it, you can be perceived as trying to hide something - no job. If you do furnish it, they can possibly see what you actually think you are really worth. If you refuse to give it? Maybe no job offer?

When they ask for basic, that's exactly what it means. Basic Monthly Salary (the figure that they would compute your overtime or holiday or unpaid leave rate from). That means nothing included like meal, uniform, telecom, transport, AWS or any other type of allowance/bonus given. This is your gross monthly "salary' before CPF or any other deductions, statuatory or otherwise.

The risk of not furnishing it? No Job?

paspepa
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Postby paspepa » Tue, 21 Jul 2009 12:26 am

hi Sundaymorningstaple, thankyou for your feedback.
peps


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