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02-09-2021, 05:06 PM
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Quote:
Originally Posted by Unregistered
31 male 7.5k/month. How’s my progression?
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Impressive. Guess it depends on department? Sense is policy role earns more…
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06-09-2021, 08:15 PM
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At what age does one typically become a DD?
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11-09-2021, 12:53 PM
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Quote:
Originally Posted by Unregistered
At what age does one typically become a DD?
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For average performer, 8 to 10 year mark. DD at MAS is equivalent to AD at ministry.
The progression is usually Associate (2 - 3 years) => AD (5- 8 years) => DD
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11-09-2021, 01:22 PM
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Quote:
Originally Posted by Unregistered
For average performer, 8 to 10 year mark. DD at MAS is equivalent to AD at ministry.
The progression is usually Associate (2 - 3 years) => AD (5- 8 years) => DD |
The DD pay scale (>10k) at MAS is much higher than AD (ministry) salary ceiling
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13-09-2021, 01:25 PM
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Quote:
Originally Posted by Unregistered
The DD pay scale (>10k) at MAS is much higher than AD (ministry) salary ceiling |
The payscale is higher because MAS fold in bonus into salary component. Plus MAS salary package is benchmarked against financial sector.
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13-09-2021, 05:24 PM
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Quote:
Originally Posted by Unregistered
The payscale is higher because MAS fold in bonus into salary component. Plus MAS salary package is benchmarked against financial sector. |
whats the pay range of a full "director" in MAS? also there is no AWS or bonus at all?
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13-09-2021, 07:57 PM
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Quote:
Originally Posted by Unregistered
The payscale is higher because MAS fold in bonus into salary component. Plus MAS salary package is benchmarked against financial sector. |
Agree that payscale higher because of the fold in bonus. As for benchmarked against financial sector, that might not be true. Bonus has dropped drastically which makes the overall compensation less attractive when compared to financial sector. Even when industry rebounced from covid, there is no review in salary package.
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14-09-2021, 12:47 AM
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Quote:
Originally Posted by Unregistered
Agree that payscale higher because of the fold in bonus. As for benchmarked against financial sector, that might not be true. Bonus has dropped drastically which makes the overall compensation less attractive when compared to financial sector. Even when industry rebounced from covid, there is no review in salary package.
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MAS benchmarked against I think middle/back office of financial sector and set the benchmark at a certain percentile (e.g. 70%). Cannot compare with front office salary figures.
MAS is a good place to 'take shelter' in during stormy days like this. U sacrifice some moolah for security. But when the weather is fine and FIs are paying top money outside, MAS will be slow to revise compensation upwards and there will be a cap.
A typical civil/public service way of benchmarking to make sure they are following salary trends but not paying top money (at 90-100% percentile) like FIs outside.
Because need to make sure it has financial prudence of a govt agency. And govt agency are not money making entities. MAS investments goes back into state coffers. Unlike FIs where employees will get a cut of the earnings.
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15-09-2021, 01:23 AM
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Quote:
Originally Posted by Unregistered
MAS benchmarked against I think middle/back office of financial sector and set the benchmark at a certain percentile (e.g. 70%). Cannot compare with front office salary figures.
MAS is a good place to 'take shelter' in during stormy days like this. U sacrifice some moolah for security. But when the weather is fine and FIs are paying top money outside, MAS will be slow to revise compensation upwards and there will be a cap.
A typical civil/public service way of benchmarking to make sure they are following salary trends but not paying top money (at 90-100% percentile) like FIs outside.
Because need to make sure it has financial prudence of a govt agency. And govt agency are not money making entities. MAS investments goes back into state coffers. Unlike FIs where employees will get a cut of the earnings.
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public svc is not hire and fire so paying at P70 is more sustainable.
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15-09-2021, 02:39 PM
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Quote:
Originally Posted by Unregistered
I didn't get any increment after probation. Understand that first increment for newbies is at first year anniversary.
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Is this the case where newbies get their first increment at the first year anniversary? Anyone can confirm this?
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