Basic Income versus Living Wages in Singapore

26 November, 2019
By G-Team in Payroll

Singapore is one of the highly developed countries in Asia Pacific, with a thriving economy and high quality of living but, wait there is no minimum wage?

A minimum wage or “basic income” as referred to in other countries is the lowest wage in which an employee can be paid. The minimum wage across countries varies and ensure that employees are sufficiently paid. There are around 193 United Nations member states that have a minimum wage system in place. However, Singapore is one of the few countries with no minimum wage. In fact, wages in Singapore are determined by the labour market demand and supply.

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The Best Way To Pay Your Employees

25 November, 2019
By G-Team in Payroll
Pay day is undoubtedly the one of the few days in the month, besides the weekends, that employees eagerly look forward to. However, when employees do not receive their pay on time or discover that they have been paid less than what they should be getting, it will certainly result in frustrated and angry employees.

As an employer, it is imperative to ensure that employees receive their pay on time and ensure that the correct amount of wages is disbursed to the employee. These are highly dependent on multiple factors, such as the HR professional who is processing the entire company's payroll as well as the method of salary disbursement, Unfortunately, each companies may have various methods of salary disbursement - some might work in the favour of employers but at a disadvantage to employees.

Here are some common salary disbursement methods which may be more favourable for employers but not for employees, and vice versa.
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Setting up an easy and logical workflow process

19 November, 2019
By Dharshini in Human Resource

Setting Up An Easy and Logical Workflow Process

Regardless of whether you are in a small or large organisation, there are bound to be a myriad of workplace processes. Naturally, the larger the organisation, the more the number of workflow processes in place.


With the numerous and seemingly endless number of workflow processes, it might get confusing for employees if there is no proper structure and flow for these processes. Instead of enhancing productivity within the organisation, it can instead stifle employees’ productivity as they spend more time trying to figure out the right steps to follow instead.

Likewise, too many processes might not be necessary if employees are doing an extra step to complete a task when it can be done in a shorter amount of time. Essentially, there should be some logic when coming up with workplace processes. It should strive to streamline processes and maximise employees’ productivity as the same time. Here are some suggestions to setting up processes within the organisation.

Seek key stakeholders’ inputs

Workplace processes should aim to benefit the ones who will ultimately be following it. Therefore, when creating or updating a particular process, it is imperative to seek feedback from the employees or team who will be using it. Given that these employees use this workflow system every day, there will certainly provide a different perspective on the processes.

Be open to employees’ feedback

Do not disregard an employee’s comments simply because it does not sound logical. As compared to the top management team, employees are the ones who are on the ground doing the actual work and might see certain flaws or improvements in which the top management team might have missed out.

feedback

Educate employees on the why

Besides educating employees on how to carry out the new or improved process, employees should also be informed of why this process was even implemented or enhanced in the first place. This will help employees to appreciate that this new and improved process could possibly be set up to enhance their daily workflow or due to government regulations.

Think like a computer

When setting up processes within the organisation, besides incorporating employees’ feedback, another key step is to think like a computer – literally. In programming, a computer will try to execute a logic program in the shortest time possible by using the minimal number of steps to complete a program. Likewise, processes within the organisation should be similar, whereby there are few steps to complete certain tasks in a logical manner.

The purpose of having structured processes is to help organisations organise their workload and to improve employees’ productivity as the same time. Of course it should also be logical and easy to use - that way it can benefit both employees and organisations at the same time

Giving yourself a "salary hike"

12 November, 2019
By Dharshini in Human Resource

Giving Yourself A Salary Hike

With the rising inflation rates and higher costs of living, it might seem that saving money from our monthly salaries should be high on our priority list. However, with the seemingly astronomical increase in inflation rates and cost of living, the annual salary raises that we look forward to might not be sufficient to keep us afloat in the coming years.


There might be years of low salary increases, salary freezes or no performance bonuses distributed. To add on to the growing income woes, if you have family commitments and children to support, you are likely to feel the pinch within one to two years.

However, if the likelihood of a fat bonus or high salary increase in the near future is uncertain, there are still ways to give yourself a “salary hike” – that is by becoming more savings-oriented and ensuring that your salary can last you longer.

You may be one of those who has already started a conservative saving plan. However, here are some practical advice to save even more from your monthly salary.

Use your credit card only for big purchases

Credit cards usually works in a way whereby there are lucrative incentives for spending more - a higher cashback amount, more bonus cash points or exciting and useful freebies. While the benefits are high, the late payment interest rates are even higher. Instead of swiping or tapping your credit card for your daily necessities, why not reserve it for big ticketed items such as wedding expenses, house or a holiday getaway? That way, it is easier to keep track and manage your expenses as well.

credit card

Relook at your monthly expenses

Are there certain activities or items that you can cut back on? For instance instead of heading to the theatres every weekend to catch a movie, why not do a stay-home movie and save the money for a pair of movie tickets? Or is it necessary to take your child to a fancy amusement park just to keep him or her occupied? Little changes to our daily choices can help to us to cut back on our expenditure. Additionally, these little increment in savings can accumulate to a substantial amount in the long run.

Save the small change

Never underestimate the power of coins. At the end of the day, put all your small change into a jar or container. You might be surprised at the amount that it adds up to at the end of the month - it might even add up to a sufficient sum to pay your recurring phone or electricity bills.

Saving money and giving yourself a “salary hike” does not necessarily mean that you have to rely solely on your annual salary increment. Instead, make little changes and opting for alternative choice can contribute to your salary increase in the long run as well.