How to Negotiate a Salary Increase in Singapore

Negotiating a salary increase can help you maximize your earnings in the Lion City. Although Singapore’s salaries are among the highest in the region, the cost of living is also high. If you are considering a salary negotiation, here are some ways to increase your confidence and make the task less nerve-wracking.

#1: BE PREPARED

Before entering any negotiation, it is crucial to do your research. Preparation can help you reduce your nerves. Research the industry’s average salary for your designation, the company’s financial performance, and any related economic factors.

You can use Salary Comparison tools online, which are designed to give you a comprehensive overview of key roles and their respective salaries. For instance, you can check out MOM’s Salary Comparison feature to compare your salary across organizations of various industries, establishment sizes, and employee types. This free feature comes with colorful graphs, which makes the information easy to understand.

#2: DESCRIBE YOUR ACHIEVEMENTS

When negotiating a salary increase, display your accomplishments to underscore the value you bring to the company. Highlight any projects you have led or have been involved with as well as the recognitions or awards you have received.

Do not forget to focus on the numbers! You can try to deny it as much as you want, but businesses revolve around making profits and growing numbers. Use statistics as direct proof of your contributions to the company. For example, in the past two months, I have brought in three new clients, which resulted in an 80% total increase in the company’s sales.

#3: IGNORE YOUR PREVIOUS SALARY

Ignore your previous salary. While it is always better to earn more than in your previous job, using your last drawn salary as a benchmark is by no means a good gauge. You have gained so much experience, skills, and knowledge since then. Instead, look at your objective value to the company.

#4: IMPROVE YOUR SKILLS

When talking about value, your added skills and abilities can help the company to flourish. Turn the tables into your favor by having appropriate education, expertise, and experience. Start by focusing on investing in seminars, workshops, and courses.

Best of all? Most of these resources are available at no cost. In the comfort of your own home, you can acquire Google and Microsoft certificates online. There are other online platforms that offer free courses such as Centre for Excellence and Coursera.

#5: BE SPECIFIC

When stating your intent for an increase, you need to be specific and provide a realistic range. This will give the company some flexibility in meeting your expectations while also opening the floor for negotiation.

#6: CONSIDER OTHER BENEFITS

As an HR Consultant, I often give a brief background about the company and emphasize its company benefits to draw candidates closer to the organization. If your company is unable to meet your desired salary increase now, you can consider negotiating other benefits such as flexible working hours, childcare allowance, improved health plans, training opportunities, or additional vacation leaves. Can you imagine having your company shoulder half of your childcare fees or overseas workshop costs? These benefits add to your overall compensation package.

Image Credits: unsplash.com

BOTTOMLINE

In conclusion, negotiating a salary increase can be challenging. However, with sufficient preparation and the right approach, it can also be a rewarding experience. Remember to do your research, highlight your accomplishments, be specific, invest in knowledge expansion, and consider other benefits. With these tips, you can successfully negotiate a salary increase and maximize your earnings in Singapore.

Sources: 1 & 2

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Communicating your desire to return to work after childbirth

mom and baby

Congratulations on giving birth and finishing your postpartum confinement.

If you’ve been a “career woman” all your life, you may be eager to get back to work after your 30-day confinement period.

So here comes the question:

Should you feel guilty about leaving your baby in the hands of a helper or not?

Well, I don’t think you should be because there’s nothing wrong with wanting to go back to work.

But, if you’ve never had a proper conversation with your spouse about the decision, it might pose a little conflict there.

It’s not always about financial issues

While having a single-income arrangement can put a strain on family finances, I think it’s not always about the money.

Let’s say your spouse has a decent-paying job and can support the family without you working, should you then make the “sacrifice” to stay home and take care of the baby?

Call me selfish but I won’t do it.

Yes, kids grow up fast and I may potentially miss the key moments of their growth if I’m a full-time working parent.

But, I didn’t come this far in my career to give up just because of family commitments.

So here comes the issue: talking to your spouse about it.

Share why returning to work matters to you

My reason to return to work after childbirth may differ from yours but ultimately, you want your partner to understand your stance.

Maybe you have big plans to upgrade from an HDB to a private property.

property showroom viewers

Image Credits: edgeprop.sg

Or perhaps you’re an extreme extrovert that thrives on being outdoors and having a work routine to look forward to.

Whatever the case, share why returning to work matters to you and come to a compromise if necessary.

Key considerations to have during the planning stage

There are inevitably many things to talk about but here are two I think should be settled:

  • Analyze your finances

Let’s say your husband’s income is satisfactory if you stay home to look after the baby 24/7. But if you decide to find a job, this means you will need someone to watch the baby.

Whether it’s leaving your little one to their ah gong/ah ma, considering half/full-day infant care, or hiring a full-time helper, that will mean some additional expenses every month.

Sit down and analyze your personal and family finances together, and see how to work things around.

  • Splitting the childcare responsibility

You’re only going to tire yourself if you parent alone. And you shouldn’t, anyway.

The baby belongs to you and your partner, and since you’re also heading out to work, then core childcare responsibilities should be laid out and split.

It’s impossible to spilt right down the middle but the main idea is to share the burden.

For instance, who’s going to drop off/pick up the baby after infant care hours, and how many “time-offs” does one get in a month (social life stuff)?

Seek parenting advice from others who’re on the same journey

You’re never alone.

Cliche but it’s true.

There are many people out there on the same journey as you are and I believe you will gain a lot from listening to the stories of others.

I found this active, private Facebook group called Stork’s Nest Singapore that has been around for more than a decade with over 14K members:

Stork's Nest Singapore Facebook page

Their posts are centered on babies/children/family/full-time helpers so I think it would be of great relevance to you.

As we close, I just want you to know that there’s nothing wrong with wanting to head back to the workplace. Gender-dictated roles have come so far and what our parents have gone through doesn’t have to dictate our future footsteps. It’s your life ultimately so whether you choose to be a “career woman” or a full-time mom, no one should have the right to point a finger at you and tell you what you should or shouldn’t do.

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How to get better at planning ahead in life

planning in a diary

Yes, I don’t deny that living in the moment is cool.

Life is short after all and there’s nothing wrong with wanna grab it by the horns and steering it in whatever way you deem fit.

But…

Planning ahead in life is equally important too.

You can’t just always leave it to luck to determine your course or go with the flow all the time.

It’s time to find out ways to help you get better at planning in life—short- or long-term.

What’s your “now”?

To get started, you need to know how to get started.

So I want you to access what’s your present situation, your “now.”

Simply put, where you are in currently in life and where you want to get to. Maybe it’s furthering your education, getting promoted to a managerial position, or making use of every public holiday to travel out and see a new place.

Aha, which brings me to bring this to your attention:

Travel Thursday: 3D2N Itinerary to Miri, Malaysia at $204.20/pax (flights + hotel)

It’s a new series I’ve started yesterday and if you love traveling as much as I do, but trying not to spend too much, check out the above article.

Okay, so back to the topic.

Wait, we’re still on point.

You see, planning also applies to traveling.

I used to plan for my travels months before so I get the best deal. But sometimes, life gets busy and we don’t have extra time to sit down and plan the nitty gritty.

And that’s okay.

That itinerary is prepared in view of Labor Day’s long weekend so we’re still some time away from it.

Buy your plane tickets and book your hotel ASAP if you want to avoid price hikes!

Where do you want to get to?

For those who are not travel freaks, let’s look at another example, shall we?

For instance, maybe you want to get promoted at work.

promoted at work

Image Credits: theladders.com

That’s one big goal, right?

It’s time to break down that goal into actionable mini-goals you can take to move closer to your destination.

If I were you, I would find out the criteria to get promoted.

Speak to your hiring manager about their plans to hire a manager or senior manager and what they are seeking in terms of qualifications, etc.

Or you can simply search job portals to see if your company has put up any hiring notices.

These job ads and their relevant descriptions are your blueprints for getting promoted.

That’s because you know what is required for you to be considered for a more senior position.

Just take a look at this recent job ad put up by Hilton for a senior manager position:

Hilton job ad

Whether it’s a degree, a graduate degree, or top-up certifications, you know where your next goal should be—start studying.

Are 5-year plans necessary?

I’ve read much advice asking people to draft a 5-year plan.

Honestly, I don’t have one and I think I’m doing not too bad. But it ultimately depends on you.

If you can’t even keep to a simple list of new year’s resolutions, then a 5-year plan is just going to flop.

I would rather have actionable plans for the first 6 months and then add more along the way than craft an ancient scroll that I won’t even relook at.

Okay, so let’s sum things up. To get better at planning ahead in life: reevaluate your present situation, think about where you want to get to and write down actionable steps you can take within the next 6 months to get things moving. One step at a time works better in the long term than trying to sprint and tire yourself out halfway, yeah.

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Travel Thursday: 3D2N Itinerary to Miri, Malaysia at $204.20/pax (flights + hotel)

3D2N Miri Itinerary Banner 1

Labor Day’s approaching, right?

Have you had your holiday plans set yet?

If not, let me warmly welcome you to this new Travel Thursday series where I bring you a FREE itinerary planned by yours truly.

In this “first episode”, we will look at a 3D2N itinerary to Miri, Malaysia.

We love Malaysia, don’t we? But when trips to Johor Bahru and Kuala Lumpur get a little repetitive, why not give other cities a go? And that’s why I’ve decided on Miri for us.

Since Labor Day falls on 1 May, a Monday, this itinerary’s prices will be based on research done for 29 April to 1 May 2023 (2-to-go):

  • AirAsia flights, round trip for 2 pax: $347.40 ($173.70/pax)

AirAsia flights between Singapore and Miri

  • Ajang Hotel (superior queen with city view): $61 including taxes ($30.50/pax)

Ajang Hotel prices on Agoda

Agoda and ShopBack have a collaboration that could get you up to 15% off so you might want to check that out before booking:

Agoda x ShopBack PayLater

Total: $173.70 + $30.50 = $204.20/pax

Prices reflected are accurate at the time of writing.

29 April 2023, Saturday

Flight: AirAsia

7.15 am Reach Singapore Changi Airport T4 for check-in

10.15 am Flight to Miri

12.15 pm Touch down at Miri Airport

Hotel: Ajang Hotel

1.15 pm Grab/take a taxi to Ajang Hotel

Address: Jalan Sri Dagang, 98000 Miri, Sarawak, Malaysia

1.45 pm Reach Ajang Hotel (estimated time is about 20 minutes but that depends on the traffic too)

Ajang-Hotel-Miri-Exterior

Image Credits: ajang-hotel-miri-my.booked.net

Check-in is at 3 pm. So if early check-in is unavailable, leave your luggage and bring your valuable belongings along because it’s time for late lunch.

Late lunch: Restoran Ayam Penyet Ria

There are various options around the hotel but you can try Restoran Ayam Penyet Ria, which is just right beside the entrance of Ajang Hotel.

You should already be starving by now, no need to walk so far lah, hor?

*Plan ahead*

After lunch, you may want to head to Lemongrass Family Reflexology & Spa (Permaisuri) to book an appointment for a massage session tomorrow night (30 April) so you can be guaranteed a spot.

Lemongrass Family Reflexology & Spa

The massage shop has gotten pretty good reviews and it’s just a 3-minute walk from Ajang Hotel. Good choice!

3 pm Check-in, freshen up, and rest a little.

4 pm Take a 3-minute walk to Miri Waterfront to snap some pictures of the iconic seahorse-looking sculpture.

Miri Waterfront

Image Credits: Adrian Lunsong on Google Reviews

4.30 pm Grab or hop on an 8-minute ride to Coco Cabana

Address: Lot 2260, Jln Bandaraya, 98000 Miri, Sarawak, Malaysia

Coco Cabana is one of the top sights in Miri with a 4.4 rating from over 4,500 reviews on Google. It’s certainly worth your time.

Coco Cabana Miri

Image Credits: Ariel Abriam on Google Reviews

There’s also another seahorse-looking sculpture here at Coco Cabana. Walk around Miri Marina, Miri Central Park, and Marina Bay Park and catch the sunset before grabbing dinner.

Dinner: Wondering Seafood Restaurant

7 pm Head to Wondering Seafood Restaurant about an 11-minute walk from Marina Bay Park.

It can get quite packed in the evening when people start having dinner so you might want to make a reservation first or reach earlier to chope seats yeah.

9 pm Take a 10- to 15-minute walk to Miri Times Square for some pictures and to digest your hearty seafood dinner.

Miri Times Square

Image Credits: marinaparkcity.com

Watsons and Guardian are available nearby Miri Times Square so you can grab some essentials there.

Food all digested and ready for round 2? Let’s go!

Walk to Recharge Fried Chicken & Beer Cafe within Miri Times Square for some Korean-style food with beer and/or soju.

11 pm Cab back to Ajang Hotel and rest for the day.

30 April 2023, Sunday

All rested from the fatigue from day 1?

Rise and shine, it’s time for day 2.

9 am Breakfast at Hainan Cafe or Wang Sing Cafe. Both eateries are located right behind Ajang Hotel so you will be there in a minute.

food at Hainan Cafe

Image Credits: See Fong Jong on Google Reviews

10 am Two routes for you to choose from: local markets or shopping malls

If you prefer that local vibe, you may want to check out 2 local markets: Miri Central Market (a 9-minute walk from Hainan Cafe) and Tamu Muhibbah (another 9-minute walk from Miri Central Market).

If you prefer the aircon and shopping mall vibe, then you can consider Permaisuri Imperial City Mall and Bintang Megamall (both are within a 15-minute walk from Hainan Cafe).

12 pm Lunch time! Your lunch place will depend on where you go, whether it’s the markets or the shopping malls. More options at the shopping malls of course.

Or since there’s ample time, you can visit both the local markets and shopping malls!

4 pm Take an 8-minute ride from Bintang Megamall to Saberkas Night Market.

The night market opens at 4 pm according to Google so you will reach just in time for pasar malam snacks and dinner.

Saberkas Night Market

Image Credits: جسمي jasmi aris on Google Reviews

6.30 pm Walk about 15 minutes to the nearest Boulevard Shopping Mall for some final shopping/more food before heading back to your hotel area for your spa/massage session.

9 pm Reach Lemongrass Family Reflexology & Spa (Permaisuri) and enjoy your session!

11 pm Head back to Ajang Hotel to pack up and rest.

1 May 2023, Sunday

Happy Labor Day!

It’s your final day here at Miri. Boohoo.

But it’s time to prep for check-out so rise and shine!

7 am Leave for Miri Airport

Ajang Hotel to Miri Airport

7.30 am Reach Miri Airport, check-in and have breakfast.

9.55 am AirAsia flight to Singapore

11.55 am Reach Singapore

Time to gear yourself ready to go back to the daily grind on 2 May 😉

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Benefits & Drawbacks of Using Cash Versus Credit Cards in Singapore

KEY HIGHLIGHTS
a. Paying with cash can encourage mindful spending, as it lacks the convenience that credit cards have.
b. Credit cards have security features and a rewards program, which cash does not have.
c. Interest charges and late payment fees can pile up if you don’t pay off your credit card balance on time.

With the easing of travel restrictions, you are hearing more family and friends discuss their latest holiday plans. Some may even brag about the “free upgrades” they received on flights and hotels by using their credit cards’ miles and accumulated points.

If you are feeling tempted to get a credit card to reap its benefits when you travel, remember to do your own due diligence, and understand the pros and cons of using credit cards versus cash. Both credit cards and cash are widely accepted as payment methods in Singapore. It is imperative that you weigh your options and consider your spending habits, before deciding.

BENEFITS OF USING CREDIT CARDS

#1: UNDENIABLE CONVENIENCE

Credit cards allow you to make purchases without carrying cash, which can be more convenient when you need to make large purchases. You do not need to worry about queues at the ATM, or whether you have enough cash in your wallet. Simply swipe the card anytime and anywhere.

#2: REWARDS AND PROMOTIONS

Many credit cards offer promotions and rewards such as cashback, discounts, and points. You can earn rewards by swiping your card for everyday purchases, which can help you save money in the long run. If you play your cards right, you could be one of those people who fly for “free” due to their air miles redemptions. Imagine boarding the plane and redeeming the staycation of your dreams, without any additional spending on top of your usual expenses!

#3: SECURITY FEATURES

Credit cards come with fraud protection features such as receiving a notification for each transaction. This means that if your card is stolen or used illegally, you won’t be liable for charges. Call the credit card issuer immediately to inform them of any unauthorized transaction. Moreover, you can cancel a credit card if it is lost or stolen.

Image Credits: unsplash.com

In contrast, cash does not give consumer protection against fraud and theft. In the unfortunate event that your wallet is stolen, all the cash inside would certainly be gone.

BENEFITS OF USING CASH

#1: NO FEES

While having a credit card does make purchases in foreign currencies seamless, they tend to come with relatively high foreign exchange fees and unfavorable foreign exchange rates. When you use cash, you do not have to fret about paying fees or interest. Furthermore, some retailers offer devices that are cheaper when purchased in cash.

#2: SPENDING CONTROL

At one point or another, you have probably gone down the rabbit hole of splurging on an item that costs more than your budget. When this happens, sticking to your available cash will be your best bet to stay within your means. Using cash can enable you to track your spending and avoid overspending. With a limited amount of cash in your wallet, you are more likely to think twice before making a purchase.

#3: WIDELY ACCEPTED

While credit cards are widely accepted in Singapore, there are still some places where you can only pay with cash. Small local businesses, hawker centres, or street vendors may opt for cash transactions.

Image Credits: unsplash.com

The choice between credit cards and cash comes down to your financial situation and personal preference. If you value convenience, rewards, and security, a credit card may be a better choice. However, if you prefer mindful spending and avoiding fees and hidden charges, then cash may be the way to go.

Sources:1,2, & 3

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