minister's salary benchmark
as a hr professional, i am very impressed by the formula used to benchmark the minister's salary. it is conservatively 'pegged to two thirds of the income of the 24th highest earner(median) among a group comprising the top eight earners from six professions(bankers, accountants, engineers, mncs and local manufacturers.' hypothetically if in one bad year all these professionals are hit by a slump and the 24th highest earner earns only $50,000 pa, then our ministers will be paid 2/3 of $50,000 pa. but if there is an extraordinary year when there is a boom and the 24th earner earns $20 million, our ministers will also be paid 2/3 of $20 million. this is very fair. it is like a gambler going into a casino. when lucky, can make a few million. when unlucky can lose a few million. i like the formula. no need for a salary scale. no upper limit nor starting salary.