Quote:
Originally Posted by Unregistered
You know it's over when public sector jobs pay just as well as the local banks. Plus these guys get mid-year bonus, year-end bonus and 13th-month bonus. In a normal economic year, this works out to be about 2 months already. Haven't even counted the variable performance bonus yet. Some time ago MAS used to be a dumping ground, but today the hierarchy is BB> MAS>DBS/ OCBC/ UOB. MAS salary package today is way better than the 3 local banks.... But don't take my word for it, I urge all those considering OCBC GTP and DBS GA to ask the HR during the interview process 2 questions, 1. Is there 13th month bonus? 2. What is the variable bonus like over the past 5 years? HR will likely try to fudge some vague answer to 2 by saying depends on your division and performance, so be specific about it, specify the division and request for average figure, in other words what did the average performer get on average over the last 5 years in the division you are applying to. |
totally agree. Nowadays some employers like to say they have factored in 13th month bonus into base salary. If so, a job applicant must take into consideration this when comparing with another job that does pay 13th month. Assuming 2nd upper applying for GTP - 4100 x 12 / 13 = 3785. So you are only being paid $3785 if you do get 13th month. I believe this is a smart marketing ploy, because 4k is a big psychological milestone. By putting 13th month into base salary, HR can raise a salary that's not even 3.8k past the 4k mark. Local banks give low variable bonuses too so that must be accounted for as well.