The most lucrative part time job
Anyone looking for a part time job will be resigned to the fact that it comes with no job security and a paltry allowance. But this is not true in the uniquely Singapore context. The part time job of a Member of Parliament comes not only with job security for 4 years, could be a life time, and with a handsome allowance which many CEOs may not even smell. This part time job offers an allowance of more than S$13k per month, with a 13th month bonus, with a productivity bonus or maybe 3 to 4 mths and with a GDP bonus that is 8 months for this year. All in all the total bonus could be something like 12 to 15 mths. Not bad really, for a part time job. And the perks of being appointed as directors or chairman of public listed companies and public companies….Really bee tang. The next best job is a full time job that some may reckon as a vacation in a palace. But this is not true as it comes with really heavy responsibilities. Anyway, it pays S$4m a year plus all the perks of a presidency and, yes, the same number of months of bonuses as an MP. The total payout for year 2011 could be more than S$8m! Where on earth can one find such lucrative part time and full time jobs?