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5/09/2007

Private sector salary benchmark

The professionals are expecting a revision of their salary. The doctors, except for a few exceptionally well paid specialists, are also staring at their low income vis a vis other professions. In terms of training hours put in, the medical profession is the longest, each spending about 10 years of post secondary education to become a specialist while other professions can make do with 4 to 6 years. They are justified to expect salary in the same level as the accountants and lawyers. And in the medical, engineering or technology fields, the advancement in science and medical knowledge comes in leaps and bounds and it is a strenuous process to keep up with the new knowledge. Not that accountants and the legal professionals are stagnated and have little to keep up with. There are changes and new developments. But the volume of changes is very little compare to the medical and other fields. And the doctors are eyeing the ministerial pay as the benchmark for their salary increment. Knowing the brilliant minds of the doctors, they cannot miss a good thing. The formula is crafted by the top talents of the island and is near to flawless. It is as perfect as it can be. And if one is a beneficiary of the formula, it is almost guaranteed to go one way, up, up and away. The probability of it coming down is at most 0.1%. And this can only happen if there is a world wide depression. Will the doctors get their benchmark? Can they use the same logic and reasonings like they will become corrupt if they cannot get their benchmark? Or can they argue that the medical industry will go to the gutters? Or can they say that the nurses will end up as nurses in neighbouring developing countries earning peanuts? I bet the doctors will be smart enough to come up with more logical justifications that are seen as reasonable. And one reason they can give is that if their salary is not raised, the profession will not be able to attract the top talents into their fold. And many will be poached by top medical facilities around the world.

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