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Originally Posted by Unregistered
3674 and 3675 here. This isn't entirely accurate.
If you got called Aug 2018, 3 of the 4 firms will increase your salary come Jan 2019. The remaining 1 particular firm has a very lousy remuneration package, and keeps your salary stagnant until Dec 2019 (if I recall correctly).
As for starting salaries amongst the 4 of them, 1 starts at $6k, 2 start at $5.6k, 1 starts at $5.8k. Or it could be 2 start at $5.8k and 1 starts at $5.6k, I forget.
The progressions for 2, 3 PQE onwards in the 4 firms are also a bit weird. They're no longer linear. Basically, they're trying to trap you there to reach SA level (which is where the shortage is most severe across the industry), increasing your increments at the 3-year mark thereabout. Don't fall for it. Poster of 3680 speaks the truth.
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R&T is the one that starts at 5.8k (changed this year?) and freezes for 16.5 months (mid-august till 31 Dec of the following year). Bonus for those 16.5 months is only given at the end of that period, and on a pro-rated basis tends to average about 2-2.5 months per annum (i.e. about 3-3.5 months for the first 16.5 months?)
The other 3 firms give a 1k raise after the first 4.5 months, and pay a bonus at the end of each calendar year. Napkin math of the first 16.5 months suggests that R&T pays 5-10k less than the other 3 firms over that same period (plus if you quit, you get no bonus). On the flip side, the R&T notice period is 2 months, during which you get full pay as the pay isn't based on a front-loading concept.