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Old 26-07-2021, 11:45 AM
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Originally Posted by Unregistered View Post
Frontloaded salary works this way:

Say you are paid $4,500 per month (that’s your base).
But if firms were to pay $4,500 per month, no one would join.

So to entice young associates, they pay $6,000 for instance. But the $1,500 is frontloaded.

Which means when you get your bonus of 2-3 months, it is based on the $4,500 per month. So if you calculated $4,500 x 3 months (bonus) it’s equal to $13,500 which is 2.25 months on $6,000 salary.

In firms that don’t practice front load, it means your bonus of 3-4 months is based on $7,500. That’s the meaning
Since this is an expectation problem, one possible solution is for salaries to be stated on an annual comp package like is done in other countries, with expectation that bonus is low, e.g. 0.5 to 1 month residual.

The reason why Singapore job market talks about salaries in monthly rate and not annual is because of our monthly CPF computations.

That said, u can't put lipstick on a pig. Sweatshop means sweatshop, and that's what Singapore law firms are.
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