Need your expert advise on my PR Profile and queries.
Husband:
Employment: IT Department of the Global Bank (12 month contract)
Salary : SGD 12000 per month
Employment pass: P1
Nationality: Indian
Education: PhD Engineering
Singapore: Worked in Singapore from 2006 to 2011 (5 years on p2). Relocated to India for four months and returned to Singapore on P1 since Oct (3 pay slips)
Wife:
Employment: IT Consultant with a small firm
Salary : SGD 4200 per month
Employment pass: P2
Nationality: Indian
Education: Engineering Graduate
Singapore: She also Worked in Singapore from 2006 to 2011 (5 years on p2). Relocated to India for four months and returned to Singapore on P2 since Oct (3 pay slips)
Kids: One boy and one girl. Studying at International School.
My Queries:
1. Should I apply for PEP first (to insure the job risk)
2. Apply for PR as whole family (I have only three pay slips in the new job.Is it fine? I do have 5 years of IRAS Tax Assessment)
3. What I can do further to enhance my chances to get PR (meaning wait for some more time, apply after CNY etc.)
I am inspired by SMS quote "Nothing Ventured, Nothing Gained" and the worst answer is No

Thanks for your time.