Q: Big4 - Yearly salary increment - Page 153 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




Q: Big4 - Yearly salary increment

Reply
 
Thread Tools
  #1521 (permalink)  
Old 27-05-2021, 10:03 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
This is rather decent; let's not put people down like this ok?
After paying 3 to 4 years in uni fees, bringing them up, to only be earning 2.4k

Reply With Quote
  #1522 (permalink)  
Old 27-05-2021, 10:24 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
After paying 3 to 4 years in uni fees, bringing them up, to only be earning 2.4k
Enough to bring bread to the table la hor. What do you think is an acceptable starting salary then?

Reply With Quote
  #1523 (permalink)  
Old 27-05-2021, 10:32 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Enough to bring bread to the table la hor. What do you think is an acceptable starting salary then?
Parents of Big 4 graduates must start to recognize an impairment loss on their children the moment they sign the contract with big4

Reply With Quote
  #1524 (permalink)  
Old 27-05-2021, 10:48 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Parents of Big 4 graduates must start to recognize an impairment loss on their children the moment they sign the contract with big4
Lmaooo I love this haha! On a hindside if the children pia enough to be manager after 5-6 years with a salary of 6k, not bad right?
Reply With Quote
  #1525 (permalink)  
Old 27-05-2021, 11:15 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Lmaooo I love this haha! On a hindside if the children pia enough to be manager after 5-6 years with a salary of 6k, not bad right?
Still must recognise impairment loss.

6k after 5 to 6 years is still very underperforming, indicators of impairment
Reply With Quote
  #1526 (permalink)  
Old 27-05-2021, 11:16 AM
Unregistered
Guest
 
Posts: n/a
Default

I donít know why b4 donít want to raise starting salary?
Behind the times.
Or they really think ppl will come to them for brand name still.

Meanwhile all the partners starting to retire
Reply With Quote

  #1527 (permalink)  
Old 27-05-2021, 11:39 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I donít know why b4 donít want to raise starting salary?
Behind the times.
Or they really think ppl will come to them for brand name still.

Meanwhile all the partners starting to retire
The work they do is menial and not meaningful, the salary is decent for the crapy work they xo
Reply With Quote
  #1528 (permalink)  
Old 27-05-2021, 11:58 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I donít know why b4 donít want to raise starting salary?
Behind the times.
Or they really think ppl will come to them for brand name still.

Meanwhile all the partners starting to retire
Simply because audit services are hard to differentiate between the big4
If you increase salary you have to increase the charge rate to clients. Once u increase charge rates to clients, clients go for another big4 firm which can charge lower since no differentiated services anyway.

Big4 firms need to collude and increase the charge rate together before they can increase salaries of auditors. But even then, they will lose to boutique firms which can charge lesser due to them being more cheapo with salaries.

As you can tell by now; its a race to the bottom. See who is willing to charge lesser and hence have more business. So pay will never increase. You see HR like in EY resorting to stupid reasons in order to attract fresh grads, reasons like
1. Young workplace (of course this is gonna be young because experienced people would never want to work long hours for that low pay right? So they have to dupe new blood to join the firm everytime)
2. Work anywhere (if you are on project of course you have to work where your project is at. This counts as anywhere technically right?)
3. Pantry (pantry restock at most $200 per week. Cheaper than increasing pay for auditors lol)

I mean come on..
Reply With Quote
  #1529 (permalink)  
Old 27-05-2021, 01:28 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Simply because audit services are hard to differentiate between the big4
If you increase salary you have to increase the charge rate to clients. Once u increase charge rates to clients, clients go for another big4 firm which can charge lower since no differentiated services anyway.

Big4 firms need to collude and increase the charge rate together before they can increase salaries of auditors. But even then, they will lose to boutique firms which can charge lesser due to them being more cheapo with salaries.

As you can tell by now; its a race to the bottom. See who is willing to charge lesser and hence have more business. So pay will never increase. You see HR like in EY resorting to stupid reasons in order to attract fresh grads, reasons like
1. Young workplace (of course this is gonna be young because experienced people would never want to work long hours for that low pay right? So they have to dupe new blood to join the firm everytime)
2. Work anywhere (if you are on project of course you have to work where your project is at. This counts as anywhere technically right?)
3. Pantry (pantry restock at most $200 per week. Cheaper than increasing pay for auditors lol)

I mean come on..
One of the more meaningful and constructive opinion on big4.
Reply With Quote
  #1530 (permalink)  
Old 27-05-2021, 01:38 PM
Unregistered
Guest
 
Posts: n/a
Default

ARC need to look beyond just $$
Should evaluate quality of work, audit staff turn over (everything needs to be relearned)
In US got initiatives by PCAOB to raise quality and standards, not sure anything by ACRA
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Salary Increment to be 5.2% Salary.sg Income and Jobs 1 25-09-2021 07:24 PM
Yearly increment Button Income and Jobs 29 06-01-2018 09:43 PM
Annual Increment for Civil Service 2011 bswuming87 Income and Jobs 4 10-04-2011 09:19 PM
Annual Increment 1nch3r Income and Jobs 0 12-11-2010 12:36 AM
Can your Increment beat Inflation? Salary.sg Investments and Net Worth 9 24-04-2008 03:37 PM

» 30 Recent Threads
Whats your net worth ( 1 2 3... Last Page)
2,891 Replies, 1,005,785 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
5,045 Replies, 1,668,695 Views
GovTech ( 1 2 3... Last Page)
1,475 Replies, 462,422 Views
CAD (Commercial Affairs Department) ( 1 2 3... Last Page)
203 Replies, 157,125 Views
Htx ( 1 2 3... Last Page)
58 Replies, 7,206 Views
How rich/poor am I compared to... ( 1 2 3... Last Page)
103 Replies, 91,283 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
762 Replies, 369,792 Views
Working Culture in IRAS ( 1 2 3... Last Page)
60 Replies, 99,706 Views
GovTech Tech Associate Program... ( 1 2 3... Last Page)
190 Replies, 63,203 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
4,492 Replies, 2,754,261 Views
DBS Graduate Associate Program ( 1 2 3... Last Page)
2,142 Replies, 633,195 Views
Career as Teacher ( 1 2 3... Last Page)
4,322 Replies, 2,802,467 Views
High Finance Thread ( 1 2 3... Last Page)
440 Replies, 142,307 Views
Singtel Management Associate... ( 1 2 3... Last Page)
508 Replies, 186,796 Views
JP Morgan ( 1 2 3... Last Page)
113 Replies, 71,781 Views
Lawyer Salary ( 1 2 3... Last Page)
15,507 Replies, 5,325,223 Views
OCBC Bank
2 Replies, 146 Views
UOB Management Associate Program ( 1 2 3... Last Page)
627 Replies, 325,448 Views
ST Electronics ( 1 2 3... Last Page)
2,476 Replies, 687,532 Views
Compare civil service salary ( 1 2 3... Last Page)
13,296 Replies, 7,865,197 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
192 Replies, 74,116 Views
How is life as a doctor in... ( 1 2 3... Last Page)
3,446 Replies, 1,610,119 Views
If you can't find a company here... ( 1 2 3... Last Page)
49 Replies, 6,434 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
871 Replies, 267,385 Views
Mizuho Securities
0 Replies, 56 Views
Mizuho Financial Group
0 Replies, 51 Views
Jeppesen
0 Replies, 27 Views
Boeing
0 Replies, 34 Views
Vital Limited
0 Replies, 45 Views
PMO (Prime Minister's Office...
0 Replies, 106 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 04:06 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2