This blog is about financial freedom and serves to inform, educate and entertain the public on all personal finance matters. The author of this blog has been blogging for 5 over years. He was also a guest blogger at CPF's IMSavvy site (now AreYouReady site). This blog is visited by many unique readers from various countries every month. Do bookmark this blog and leave your comments.
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Books to Read - My 2022 Reading List
It is the new year and Covid has definitely given us lots of opportunities to stay home and indulge ourselves in hobbies such as reading.
Here is my list of books that I intend to read in 2022.
1. Atomic Habits
This is a New York Times #1 Bestseller by James Clear. Packed with different self-improvement strategies, the book is meant to bring about changes in your life through tiny changes that you can make. Lessons from the book can be found.
Amazon is having an offer right now and you can get the book through this link: Atomic Habits: The life-changing million copy bestsellerStarting Pay in Civil Service and Yearly Bonuses
Many young graduates who are seriously considering joining the civil service are likely curious to find out what is the starting pay or salary in one of the Ministries.
Reading in some forums, there are anonymous people who claim that they are receiving $4k starting salary. In one of the forums, a female with first class honours claims that her starting pay when she joined was around $3400.
Just for a more accurate picture, im a female, almost 2 years in CS, NTU FCH, in a ministry not listed above.
2015 Sep - MX13 $34XX
2016 Sep - MX13 $36XX
2017 Apr - MX13 $37XX (after Apr increment), will likely be promoted to MX12 after i hit my 2 year mark.
The civil service has a salary range for the various grades. A fresh graduate will enter at the grade known as MX13. The common standard is for them to stay at this grade for 1-2 years before they are promoted to MX12. To take care of merit increment for these people who have been in the job grade for a few years, the salary range of MX13 thus varies.
Depending on whether one has completed NS obligations or not (Singapore males), the starting pay will then be adjusted accordingly.
Few years back, I posted on the starting pay for a fresh graduate. The median salary was around $3400 for a fresh university graduate in Singapore. The civil service often tries to pay a competitive salary so it will not be an anomaly for a fresh graduate to earn a starting pay around that region.
Back in 2011, I also published what was salary range for civil servants. The starting salary range was $2800 for MX13 and that was 10 years back. Right now, one can expect the starting salary to be much higher. So the starting salary for a fresh graduate will be minimally $3000 based on current estimates.
And how much bonuses does a civil servant get? Well, the pay structure is quite complicated. But based on open source information, there are the following bonuses paid out:
- Mid-year bonus (Annual Variable Component) = Usually 0.5 month bonus
- Year-end bonus (Annual Variable Component) = A range from 0.25 to 0.75 months
- Year-end 13th month bonus (Non Pensionable Annual Allowance) = Standard of 1 month bonus
- Once off bonuses = Varies
- Performance bonus = ranges from 2-3 months depending on performance grade and job grade
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