Indian FTrash: Is $10,000, $12,000 or $15,000 salary enough in Singapore?

[makapaaa]

[h=2]Indian FT: Is $10,000, $12,000 or $15,000 salary enough in Singapore?[/h]
Dear Gilbert

I am in the midst of negotiating with my current employer based in Bangalore, India for probable salary in Singapore.

I have relocated to Singapore within the organization.

I worked in Bangalore, India at a salary of INR 3,40,000 (Rupees) gross income per month in a role of Vice president and Business head.

Now I have been asked to start up our Singapore entity and relocated in August into Singapore.

In the process I have become the Director of the local entity.

I have been asked by my company to check with local law firm and understand what should be my salary in Singapore considering the cost of living.

Note- that I have got a paid house cum residence condo.

I will need to take care of all other expenses other than transport and mobile used for official business.

I am not sure if it should be $10000 or $12000 or $15000 Sgd considering the high cost of living in Singapore.

I verified various cost calulator sites and understand it is like 5 times the price index.

Please guide me.

Shiva P
Editor’s note: The reason we posted this mail is because we felt that foreigners continue to enjoy decent to high wages compared to a slow stagnanting wage package for local Singaporeans for the past decade. Even foreigners hire on the lowest Employment Pass (EP) grade now could take home a minimum salary of $3200/month. Where is the justice?

 

[makapaaa]

What would this person say?​

 

[winnipegjets]

If the minimum requirement is raised to $30k per month, we will only get true talents.

This director is not a talent if his salary is only $15k a month.