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Employers and Ethics in Singapore

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

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sundaymorningstaple
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Postby sundaymorningstaple » Fri, 04 Mar 2011 12:31 pm

ecureilx wrote:
Mad Scientist wrote:The first during SAR period but the difference were met by the Gahmen, hence we are not out of pocket ..............>>>>> .... All the directors stop taking any pay or allowance at all for a year just to keep the company afloat


Not to be funny, I was in a small company when SARS hit- and our directors (both of them) proudly declared they are working salary-free for the next six months .. and while I was not intruding, I was reminded that salary free doesn't equate to really free ..

Heck, their car, petrol, food, dress, and what not were all still charged to the company .. and nothing changed, other than the 'directors fee' they were drawing .. and in any case 90% of their expenses were always charged back to the company ... :D :D and the quarterly revenue sharing always took place (how I know ?? Well, I got my solemnly and sincerely sworn sources .. )

Ever since, when somebody says directors worked without pay - I always take it with a pinch of salt mate ... :)


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Postby Mad Scientist » Fri, 04 Mar 2011 1:16 pm

ecureilx wrote:Not to be funny, I was in a small company when SARS hit- and our directors (both of them) proudly declared they are working salary-free for the next six months .. and while I was not intruding, I was reminded that salary free doesn't equate to really free ..

Heck, their car, petrol, food, dress, and what not were all still charged to the company .. and nothing changed, other than the 'directors fee' they were drawing .. and in any case 90% of their expenses were always charged back to the company ... :D :D and the quarterly revenue sharing always took place (how I know ?? Well, I got my solemnly and sincerely sworn sources ..


For small/medium companies, yes these are common practise. Nothing illegal about it. For listed companies, you have to pass an MOU and inform Sesdaq. For our case, no . No claims. Given fixed amount on company activities only
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Postby Vxx » Fri, 04 Mar 2011 2:16 pm

Also not sure how they could pay her the full amount then have her return 50% of it, there would be any number of tax and benefits issues doing that as your gf would be liable for tax on the full amount.

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ecureilx
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Postby ecureilx » Fri, 04 Mar 2011 2:47 pm

Vxx wrote:Also not sure how they could pay her the full amount then have her return 50% of it, there would be any number of tax and benefits issues doing that as your gf would be liable for tax on the full amount.


My 2 cents : don't go into the details :D :D .. this 'flexible' arrangement has been there for years, and desperate employees who need to be on Q1/P2 privately work this out with the employer - though this only works with small companies .. never with proper organised companies :)

And those who offer this 'arrangment' also know how to handle the tax issues and all .. the problem being, if MOM finds out (as they have caught a few in the past) not only the employer is in hot water - but the employee too, for being part of the illegal operation ..

PS: to give you a clue, for a private contact work I did, instead of me being paid in half and my project partner - the other half, my project partner was paid in full: he being a true and loyal Singaporean, transferred back to me the amount due to me, minus 5% for taxes .. if and when he files his income tax .. as, our work was charged and legally declared .. so there you go .. :)

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Hi

Postby calvink » Fri, 04 Mar 2011 11:18 pm

Wow..you GF must be a sales driven employee...would love to meet such person....

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Re: Hi

Postby BillyB » Sat, 05 Mar 2011 10:04 am

calvink wrote:Wow..you GF must be a sales driven employee...would love to meet such person....


Of course! Work hard and use some common sense and sales isn't that difficult!

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Re: Hi

Postby ecureilx » Sat, 05 Mar 2011 3:15 pm

BillyB wrote:
calvink wrote:Wow..you GF must be a sales driven employee...would love to meet such person....


Of course! Work hard and use some common sense and sales isn't that difficult!


You just put my post graduate diplioma in marketing and the four years I spent to get it to shame .. :( :(

Well, partly you are right - mostly in Singapore, it is purely sales driven and not at all on marketing concepts .. the idea is sell, sell, sell ..


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