I share my views about salaries for ministers. I find the basic salary to be acceptable, but the concept of a high rate of bonus based on performance is bad. Many Singaporeans are not aware that the concept of "pay for performance" has its negative impacts, especially in the public sector, and how it has developed a bad culture in Singapore.
http://tankinlian.com/admin/file.aspx?id=615
http://tankinlian.com/admin/file.aspx?id=615
5 comments:
Mr Tan, many of my peers are appalled by the large quantum of Bonuses our ministers had been collecting on top of their previous high base salaries and 3 months of Allowances.
The new base salaries are more equitable but to have "performance & National bonuses" on top of them are not.
If, the PAP insist on Performance Bonuses, then their base salaries will need to be halved if not more.
It is that simple. Use the commission model that most sales persons are rewarded. If that sounds demeaning for political appointtees, then stick to a clean wage model with good performance acknowledged with at most 2 month extra pay. Monetary Motivation in political office is improper. Period.
Ministor should not be paid
Hi cena,
This will never work.
"SCDF commissioner suspended, CNB chief under probe" in
http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_758770.html
We tried and managed to win a independent Ministers' Salary Committee review. It takes 17 years and a election to tell the PAP Govt there's something wrong with the renumeration model. This is how close PAP is to the ground and how they implement policies through the Parliament which is largely PAP. This is the same Parliament which approves 17 years of high Salary. It takes a election to bring the Ceremonial President salary from $4 million to $1.54 million and PM's $3.2 million to $2.2 million. PAP Govt is just not listening hard enough. Since GE2011, what has changed? Any Reinvention? In my opinion, nothing much change.
Stop looking at input factors like the Minister's academic qualifications or his last drawn salary in the private sector.
Just ask 3 output (results) based questions during GE 2016:
1. How much salary do you want?
2. What will you do for Singaporeans in return for the salary you demand?
3. Will you release all our CPF monies back to us at age 55 without any strings attached?
Depending upon their answers, I'm willing to support even a salary of $20 million dollars a year for a Minister.
The point is value received in return for the salary paid.
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