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Old 06-04-2019, 01:07 PM
Ambition
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Default Calculation

Quote:
Originally Posted by cluelessmillennial View Post
Heard of the Stan Chart IGP as well, but iirc the quote of 5.2k salary is gross salary, inclusive of bonus, i do not know the base exactly
This salary calculation is problematic (annual packages including special bonuses)... Since when you go to the interview the HR tell you a salary including historical bonuses and projected incentives...

GROSS Monthly salary means basic salary Before Cpf, includes monthly allowances (phone, travel, entertainment) , Exclude projected bonuses (13 month, PB, NPAA,...)
Annual salary means 12 months of basic Before Cpf, Includes in all bonuses and allowances
Take home means, monthly basic salary After CPF, Exclude projected bonuses

Taking Annual salary divided by 12 and stating that as Gross monthly salary will either make HR doubt your financial literacy, or you end up over pricing yourself and not getting calls.

Based on the amount of 5.2k, assuming 4 months total bonus in a bank, the Gross monthly salary is probably closer to 4. 2k, the take home probably 3k.

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