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PSA is only able to offer lower than market basic pay (including tech) for both fresh graduates & experienced hires and normal bonuses despite the high bonus claim from HR.
Also new staffs will require 2mth notice period for tender to make it difficult for them to left in future. On top of all these, there is slow promotion and majority of staffs will stuck at some position for at least 3-5 years or more. Quote:
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Offered scholarship for OE with 4 years bond. Local fresh grad and planning to work there for 4 years before jumping ship to MNC or somewhere FMCG related with better pay, hopefully at AM level. Come from lower-middle income family so money is not an issue but also an issue at the same time. Should i take it and is it a good resume booster to help me transition to MNC? Thks.
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50k cash value might sounds alot but might prevent you to jump over to other companies due to unsatisfying offer as offer generally is based on your base. |
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They are also revising salary for all employees this july |
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errr afaik psa pay for OE quite in line with maritime studies GES leh. Enginnering wise is slightly lower alr (offshore, mech, civil)
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PSA is a great company. very forgiving and i have yet to see anyone get fired. Ave. service of both office and non office base staff is around 9-11 years.
Base is low but its made up thru its bonus and ad-hoc NTUC gift-aways. To break down the bonus for ya a. AWS b. EBI (Company Bonus) c. PI (Performance Incentive) Unless you are under performance improvement plan or serving notice, [a] and [b] is pow jiak. [c] bonus can be 0.25 - 5.5 which is pegged to your appraisal grade (C,C+,B,B+ and A) in additional there is also an internal ranking so you and me could be "B" performers but i am a higher "B" thus qualify for a slightly higher bonus multiplier. To put it all together - assume you are a Manager drawing 8k per month. Qualified for a "B" grade (2mths) and the company met most of its KPIs and will pay 2.15 mths Hence, (8000 * 12) + (8000) + (8000 * 2.15) + (8000 * 2) = 137,200 or 11,400 per month Sounds good? Maybe! but be warned that this may work againsts you if your next employer tries to lowball you using your BASE salary. Also if you somehow ended up with a C grade then its a loss of around 2-1.5 months.. again depending on the business. Good luck! |
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At the end of the day, its really up to the individual on their career aspirations. Money is one portion but should also consider the entire ecosystem (stability, friends, culture, future etc.) Cheers. |
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I assume you have already tried applying to CPG? The best time to try is when you are a fresh graduate. In your first 1-2 years, HR can consider you as a fresh graduate. If you stay beyond 2 years in PSA ops, your experience will likely be a disservice during CPG application. If you dont get in Unilever or P&G on your first try, I suggest you can gofor the lower-tier CPGs, gain some experience, then try again. 50K can seem like a lot right now but I suggest you think hard about your career trajectory (refer to Linkedin again). Make sure you collect sufficient datapoints to prove or disprove your assumptions! |
PSA pay revising is just moving our fixed bonus into our pay and call it pay adjustment. Damn xiasuay
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Those working in PSA will know whether is the truth or not. But I strongly advise against joining this company. It may sound ironic since I'm still working there but it is more of not much choices as when age catches up, other companies are not so willing to hire u cos ur title is like. Mgr only ah. I have a dozen over there waiting for interview also. Promotion is slow af. But one thing for sure. It is stable.
The company is under temasek. Hence dont expect high increments or pay adjustments for loyal staffs. Unless u join finance. The left pocket right pocket of 8.33% is the biggest joke of all by HR. Overall ur annual is an artificial increase. U need to compare based on the next 2 years. Which is a smart move by HR. And even for promotees u need to serve additional 1+1 month notice. Desperate move to retain ppl, which is counter intuitive and makes people wanna quit even faster. And remember. They froze our pay. The increment last year does not compensate for that 1 year freeze. Do not be blinded by the 8.33%. The management is pretty good at repackaging the bonus slides to make it looks like the company recognises your efforts. Blah blah. End of the day, we are not stupid. We also know how to calculate. Grab earns me much more. Oh.. The benefits are like crap too. Zoo passes ratio is like 1-5000? Bungalow/ chalet rental? Is rigged. Priority is given to higher management. How do I know? Guess which dept I'm working at. |
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Unsatisfied job offer
Went to interview for the deputy manager/manager role and completed 2 rounds of interviews. Got informed of informal acceptance by the HR 2 days post second interview and that they are in the process of obtaining budget approval for the role.
HR only contacted me again 1.5 weeks later, telling me that I was accepted to an asst manager role (a position lower than the one I had applied/interviewed for) and gave me a salary package that's not even higher than what my current employer is giving. I had then asked for a contract for me to view the terms but was refused by HR because "the company does not practised that". I felt so insulted! If you no longer have budget for the role then just reject me right?! Hig |
HR wasting ppl's time
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The benefits are not much nor fantastic anyway. Some can be hard to claim too! Finally if you are in a team where your manager knows nothing, you will be screwed. Most are promoted either due to having good connections with higher-ups OR has done lots of CCAs. Those who are good at their jobs ultimately left because of lack of progressions for them. |
Bootlicking yes man
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how's the cyber security dept in PSA?
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Salary negotiation
Just received an offer but was not the expected salary I wanted. I did an counter offer and the HR inform that they will review the matter. Do you think they will get back to me?
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