Teachers’ salaries to go up under new package that costs S$380m
Posted in News on December 29th, 2007 by Justin Ng
SINGAPORE: The Ministry of Education (MOE) announced at the Principals’ Appointment Ceremony Friday that principals and teachers will get higher pay packages starting April 2008.
Under a new initiative called Grow 2.0, the annual package of good performing teachers will be increased by up to 12%, while that for better performers will be increased by up to 18%.
Costing the government S$380 million per year, this new pay and career package is aimed at making the teaching profession more attractive.
Under the new scheme, teachers will receive a one-off salary increment of up to four per cent.
They will also be placed on a salary range system with merit increments that are based on one’s performance, potential and market wage movements. This will replace the current salary scale system with fixed annual increments.
Under the new initiative, there will be higher performance bonuses and sharper differentiation in payouts based on performance. Teachers will receive performance bonuses ranging from one month to 2.25 months.
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