Quote:
Originally Posted by Unregistered
Good thing about front-loaded is if you decide you want to quit halfway, you already received some of your bonus. (every month your pay includes your front loaded bonus)
Bad thing about front-loaded is that your salary is not really as high as it is.
Eg: With the performance you made that year, the firm pays you 30k at end of financial year as a bonus. But the bonus you will actually receive from that "30k" is only 6k. because the "24k" has already been paid to you throughout the year in your monthly salary.
This means that on paper your salary is "high" and "competitive" but in actual fact it is low and dependent on you performing well. tldr: you are only getting 60-80% of the remuneration they offered when signing the employment contract.
|
wow did not expect such a good explanation in a forum like this.
to add on to what this guy/girl said ^,
if you get 10k front loaded, means you actually only earn 7-8k per month, and the 2k + you get per month is actually based on your performance.
if you get 10k no front load, means you earn 10k per month, and you still get the full bonus based on your performance.
front load sucks.