44% of surveyed staff in Singapore reported that they haven't received any bonuses or incentives in the previous year while 56% said that they received at least one form of monetary bonus. Also from the diagram, 75% of the population are earning less than 24,200 SGD while 25% are earning more than 24,200 SGD. Phone: 6514 0510, The opinions expressed by our users do not reflect the official position of TheSmartLocal.com or its staff. Most Singaporeans would rather let the foreigners take this job. Email: firstname.lastname@example.org or Telegram: @simonmortlock. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. Data security is becoming more valuable than ever. A surgeon's profession involves high risk and requires extensive knowledge and a long learning path; the necessary ingredients for a high paying … Most Singaporeans would rather not take up these vacant jobs. How to write the perfect resume (complete guide), 25 simple money saving tips ($15000+ in savings! The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation. Those who got bonuses reported rates ranging from 3% to 6% of their annual salary. Snowball vs Avalanche: Which Debt Payoff Method is Better? The products or services provided must be consistent and should meet every laid out requirement. Example:A graphic designer in the marketing department of a hospital. Subscribe to our email and get exclusive notifications on our rebates, discounts and offers. If you are only interested in viewing statistics and salaries in a specific career field, then choose one from below, or continue scrolling down for more interesting facts about salaries and income in Singapore. Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma. eFinancialCareers is a DHI service A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned. Living in Singapore means that you can enjoy a life in a first world country with benefits of world-class transportation and living areas; However, you have to get a good job with stable pay to survive. To do this, you have to be responsible for managing staff in a fast-paced, detail-oriented environment with strict deadlines. Most companies rely on online systems, emails, and transactions. If your wage is between the average and the median, then things can be a bit complicated.