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10 Tips for Surviving on a Low-Paying Job in Singapore

In Singapore, a low-paying job is generally defined as one where the monthly wage falls below the national median salary. According to the Ministry of Manpower (MOM), jobs with salaries under SGD 2,500 per month are often classified as low-wage. Approximately 10-15% of employed residents are in such positions, equating to around 200,000 to 300,000 people.

Navigating life in Singapore on a low income can be quite challenging. However, with determination and careful financial planning, you can improve your situation. Here are some practical tips to help you make the most of your circumstances.

#1: TRANSPORTATION

Rethink your daily commute. Public transportation in Singapore is efficient and affordable, so consider taking the bus or MRT instead of hailing a cab. If you must ride a car, look into carpooling options with colleagues to share the costs.

#2: LIVING EXPENSES

Living frugally doesn’t mean sacrificing quality of life. It means being mindful of your spending. Cut down on non-essential expenses like dining out frequently or subscribing to multiple streaming services. Instead, cook at home more often and enjoy free or budget-friendly entertainment options like parks and community events.

#3: INTERNET ACCESS

Take advantage of free Wi-Fi available at local coffee shops, libraries, and community centers. If you need internet at home, see if your employer offers any allowances or find bundle deals that include other services you need, such as cable or phone.

#4: DEBTS

Imagine the relief of no longer having to worry about monthly mortgage or credit card bills. Prioritizing debt repayment can free up your finances, reduce stress, and provide more flexibility in your career choices. While it’s easier said than done, start by addressing your smallest debts to build momentum, and then gradually tackle larger ones.

#5: FINANCIAL SUPPORTS

Many low-income individuals are eligible for financial assistance from government agencies. The Singaporean government, for instance, has set S$2,906 per month as a reasonable starting point for a living wage.

Image Credits: pixabay.com

If you earn less than S$2,500 per month and are over 30, you might qualify for the Workfare Income Supplement (WIS) scheme, which provides cash payments and additional contributions to your Central Provident Fund (CPF). See if you qualify.

#6: BACK-UP PLAN

Saving for emergencies can be tough, especially when you are living from paycheck to paycheck, but it’s crucial. If you can’t build an emergency fund quickly, consider having a credit card with available spending power as a backup for urgent situations. Just be cautious with its use to avoid accumulating debt.

#7: UPSKILL

Investing in your education and skills can open up new opportunities and potentially higher-paying jobs. Look for free or low-cost courses online or at community centers. For starters, SkillsFuture Singapore offers credits that can be used for a wide range of courses.

#8: SUPPORT NETWORK

A strong support network can provide emotional and practical help. Connect with family, friends, and community groups. Sometimes, just talking to someone who understands your situation can make a big difference.

#9: HEALTH CONCERNS

Staying healthy can prevent costly medical bills. Regular exercise and a balanced diet improve health and reduce medical needs.

Furthermore, Medisave and MediShield Life provide additional support. Medisave is a savings scheme for medical expenses, while MediShield Life covers up to 80% of hospitalization costs. These schemes, along with government subsidies, ensure affordable access to medical care.

#10: FINANCIAL GOALS

Finally, set achievable financial and personal goals. Try to be as positive as you can while doing so. A positive mindset can make a significant difference in how you handle financial challenges.

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Living on a low income in Singapore can present significant challenges, but with careful planning and a commitment to improving your financial situation, it is possible to manage your finances more effectively and enhance your quality of life. Remember, small steps and a willingness to adapt can make a meaningful difference.

Sources: 1, 2, 3, & 4

What to Do If You’re Stuck in a Job You Hate

We’ve all been there—stuck in a job that feels like a never-ending grind. A friend of mine has been thinking about quitting for ages but hesitates due to the high cost of living and family commitments. It’s tough to stay in a job you dislike just to stay afloat financially. I’ve been in that position too.

But you do have options. Here are some tips to handle it:

#1: IDENTIFY WHAT YOU CAN AND CAN’T DO

Take a step back and list what aspects of your job you can control versus what you cannot. This might include seeking help from your co-worker or making the most of your downtime. Knowing your limits can help you make better decisions.

#2: MAXIMIZE YOUR DOWNTIME

Remember, your job is just one part of your life. Engaging in hobbies, spending time with friends, or volunteering can offer fulfillment and lessen the pressure on your job to provide all your emotional needs. Many find that pursuing outside interests brings a renewed sense of purpose. Try pickleball or visit local museums!

#3: WEIGH YOUR OPTIONS

Assess both the positive and negative aspects of your job. While the drawbacks might be obvious, do not forget to consider the benefits—such as a steady paycheck, a structured day, workplace friendships, or a sense of contribution. For the negatives, think about possible solutions, either on your own or with your company’s help.

#4: EXPLORE NEW OPPORTUNITIES

Say that you’ve weighed your options and things in your current company are still grim. Sometimes, a change of environment can refresh your outlook. Be open to exploring new professional fields or industries. Even if you’re not ready to leave your current job, learning about different settings can help you understand what you truly want.

#5: CONSIDER FINANCIAL IMPLICATIONS

Worrying about a potential pay cut when changing jobs is common. However, a new role might offer better compensation or benefits. Salary can depend on various factors like industry, location, and your skills. If increasing your income is a priority, it’s often achievable with the right strategy.

#6: PLAN YOUR NEXT STEPS

If your job is negatively impacting your health or happiness, it may be time to plan a transition. Start networking, update your resume, and think about your next career move. Even if you do not land a new job immediately, laying the groundwork can set you up for success. In the meantime, focus on your well-being and stay connected with friends.

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Being stuck in a job you hate does not have to be your only option. By understanding your situation, weighing your choices, and taking proactive steps, you can move towards a more fulfilling career. Remember, you have the power to create a path that aligns with your needs, goals, and well-being.

Sources: 1 & 2

Influencer as a Career in Singapore: Is It Feasible?

The digital revolution has not only transformed how we communicate but also opened up new career avenues that were unimaginable a few decades ago. TikTok personality, Instagram influencer, YouTube content creator – these are occupations that just a few years ago would not have been considered real jobs. But not anymore! From setting up online shops to crafting personal brands, people of all ages in Singapore have found ways to monetize their social media presence and create income opportunities.

One such controversial career path is that of a social media influencer. In Singapore, a country renowned for its technological advancement and high internet penetration, becoming an influencer has emerged as a viable and attractive career option for many.

Why Are Influencer Careers Appealing?

Several factors make the influencer career particularly appealing in Singapore:

INCREASED FLEXIBILITY

One of the primary attractions of an influencer career is the flexibility it offers. Influencers can set their own schedules, choose their collaborations, and create content that resonates with their personal brand. This autonomy is appealing for those who prefer not to adhere to the conventional 9-to-5 work structure.

CASH OPPORTUNITIES

There are various ways influencers can earn money, including sponsored posts, brand partnerships, affiliate marketing, and selling their own products. In Singapore, brands are increasingly investing in influencer marketing as an effective way to reach targeted audiences. For instance, according to Shopify, Instagram micro-influencers (10,000–50,000 followers) earn SGD 135 to SGD 675 per post, while mega-influencers (500,000+ followers) earn approximately SGD 13,500 or more per post.

CREATIVE OUTLET

For many, becoming an influencer provides an opportunity for creative expression. Whether it’s through photography, videography, writing, or graphic design, influencers can showcase their talents and connect with their audience on a creative level. This aspect of the job can be immensely fulfilling and can lead to both personal and professional growth.

What Are the Challenges in the Influencer Industry?

Despite the allure, the influencer career comes with its own set of challenges:

CONTENT CREATION DEMANDS

Maintaining a successful influencer career requires constant content creation. This involves a significant investment of time and effort in planning, producing, and editing content, as well as engaging with followers. The pressure to consistently deliver high-quality content can be daunting. This is why many creators quit or take a break.

MARKET SATURATION

The influencer market in Singapore is highly competitive and increasingly saturated. Standing out and building a loyal following requires unique content, a distinct voice, and a strong value proposition. New influencers may find it challenging to gain traction in a crowded space.

INCOME INSTABILITY

Unlike traditional jobs with steady paychecks, influencer income can be unpredictable. Earnings often depend on factors like follower count, engagement rates, and the ability to secure brand deals. This variability can make financial planning difficult and requires influencers to have multiple income streams.

Tips for Aspiring Influencers

For those considering an influencer career in Singapore, here are some tips to help navigate the journey:

1. Identify Your Niche
2. Be Authentic
3. Engage with Your Audience
4. Invest in Quality Equipment and Skills
5. Network and Collaborate

IN A NUTSHELL

The influencer career in Singapore is a promising path for those willing to invest the time and effort required to build a strong online presence. As the digital landscape continues to evolve, influencers will play an increasingly important role in shaping consumer behavior and trends. Aspiring influencers should focus on authenticity, audience engagement, and continuous improvement to thrive in this dynamic field.

Exploring the Pros and Cons of The Coveted 4-Day Work Week

The People at Work 2023 Study by the ADP Research Institute highlights the attitudes, aspirations, wants, and needs of workers globally, including those in Singapore. Covering over 32,000 workers across 17 countries, this study stands as one of the largest surveys worldwide.

One crucial finding emerges clearly for Singaporean workers: flexible working arrangements are non-negotiable. A third of Singapore’s workforce anticipates the transition to a four-day work week within the next five years. Remarkably, 21% of respondents in Singapore report that their employers are already implementing this shift to foster positive mental health at work, marking the highest rate across the APAC region.

“The four-day work week is gaining traction due to its potential benefits, such as enhanced work-life balance, heightened productivity, and reduced burnout,” stated Yvonne Teo, Vice President of HR APAC at ADP.

In a four-day work week setup, employees tackle the same workload within a compressed timeframe, aiming to boost productivity. The allure of a prolonged weekend serves as motivation, prompting employees to manage their time more efficiently and curb procrastination. This model is currently under serious consideration by European nations like Iceland, New Zealand, and Spain.

FLEXIBILITY IS CRUCIAL

“Flexibility is not merely a perk but an essential expectation,” emphasized Teo. “Our research underscores that Singaporean employees rank flexibility as the third most crucial factor in a job, following salary and job security. Employers must offer flexible work arrangements to attract and retain top talent.”

According to the report, employees anticipate hybrid work models (34%) and full autonomy over their hours (32%) to become prevalent within the next five years. Teo highlighted that effective implementation and communication are pivotal to ensuring that flexible work arrangements benefit all parties involved. She urged proactive employees to engage in open dialogues with managers to tailor solutions that suit everyone’s needs.

For employers, Teo suggested offering customized solutions to accommodate employees’ flexibility requirements through transparent communication. “Striking a balance that aligns with both the company’s objectives and the well-being of its workforce is crucial for fostering a positive and inclusive work environment,” she added.

Now, let’s uncover the advantages and disadvantages of this work setup.

Advantages include:

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1. Enhanced time management efficiency
2. Heightened productivity
3. Increased sales stemming
4. Improved employee retention
5. Decreased operational costs, including electricity bills
6. Mitigated employee burnout
7. Cultivation of a healthier work culture and environment

Disadvantages include:

Image Credits: unsplash.com

1. Potential compromise in output quality due to time constraints
2. Lower customer service satisfaction
3. Challenges in workforce management adaptation to a four-day work week
4. Elevated costs for revisions or rush services
5. Longer working hours to compensate for the shorter workweek
6. Incompatibility with certain industries

Despite these disadvantages, some local companies in Singapore have already embraced the four-day work week, including PropertyGuru, Mambu Singapore, Tenya Singapore, and Candlenut.

The question persists: will adopting a four-day work week enhance your company’s long-term growth and sustainability? While many companies turned to remote work during the pandemic, some chose to maintain this setup due to its long-term benefits. If you envision improved employee retention or heightened productivity aligning with your long-term objectives, transitioning to a four-day work week might prove ideal for your company.

Sources: 1 & 2

New Guidelines Allow All Employees to Request Flexi Work Arrangements from December

In today’s dynamic work landscape, flexibility is becoming more than just a perk—it’s a necessity. With the release of the new Tripartite Guidelines on Flexible Work Arrangement Requests, effective from December 1st, 2024, all employees who have completed their probation period will have the opportunity to formally request flexible work arrangements from their employers.

Crafted by the Tripartite Workgroup on Flexible Work Arrangements, under the Ministry of Manpower (MOM), these guidelines mark a significant step towards accommodating the evolving needs of the workforce post-pandemic. While not legally binding, they outline a structured process for requesting and handling flexible work arrangements, fostering a more agile and inclusive work environment.

Here are five key takeaways to better understand the implications of these guidelines:

Variety of Flexible Work Arrangements

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Flexibility comes in various forms, including:
– Flexi-place: Allowing employees to work from locations other than the office.
– Flexi-time: Permitting employees to work at different hours without altering total work hours.
– Flexi-load: Adjusting workloads or hours to accommodate personal needs.

Request Process and Timeline

Employees can initiate a formal request through their company’s designated platform or a template provided in the guidelines. Once submitted, employers must respond within two months, either approving or rejecting the request in writing. Rejected requests should include clear reasons, and employers are encouraged to explore alternative arrangements.

Reasonable Business Grounds for Rejection

Rejection of requests must be based on “reasonable business grounds,” which may include factors such as:
– Cost implications.
– Impact on productivity or output.
– Feasibility or practicality considering the nature of the job role.

Purpose and Impact

These guidelines aim to address the evolving needs of Singapore’s workforce, particularly in light of demographic shifts and caregiving responsibilities. By promoting flexible work arrangements, employers can enhance talent attraction and retention, support caregivers, and sustain labor force participation.

Examples of Flexible Work Arrangements

Flexibility extends beyond remote work and alternate hours. Employees may also request reduced workloads or part-time schedules, fostering a healthier work-life balance and increasing overall job satisfaction.

Image Credits: unsplash.com

In essence, these guidelines reflect a proactive approach towards embracing change in the workplace. By empowering employees to seek flexible arrangements tailored to their needs, Singapore’s workforce can adapt and thrive in the post-pandemic era.

Sources: 1 & 2

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