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Q: Big4 - Yearly salary increment

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  #21421 (permalink)  
Old 14-01-2025, 09:08 PM
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Haha. Only Bo liao people reply to EDMWer's nonsense in this useless thread.
Cringe sia put EDMwer in all his posts lol. It’s like no one giving him attention in real life so coming here to prove his worth

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  #21422 (permalink)  
Old 14-01-2025, 10:09 PM
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People calling me cringe because im the alpha here

No surprise, its the same in big 4 companies, the juniors bow down to the alphas like me and always talk behind my back

What can I do?

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  #21423 (permalink)  
Old 14-01-2025, 10:29 PM
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People calling me cringe because im the alpha here

No surprise, its the same in big 4 companies, the juniors bow down to the alphas like me and always talk behind my back

What can I do?
Ignore the haters, bro. There will always be people talking behind your back, especially when you're at the top. Just keep pushing for the accountancy sector, keep doing your thing

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  #21424 (permalink)  
Old 14-01-2025, 10:31 PM
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Right now the only difference between SG and Johor is merely safety and physical infrastructure development

If they can raise salaries to match the cost of living, crimes will go down as a result

Trust me, its only matter within 10 years before they catch up with SG in this aspect.

In terms of indirect taxes, Singapore is still the highest and that makes SG unfavourable.

Thus there is higher risk of spending shift to Malaysia and tax revenue loss

It is probable that Johor will be the main focal point of development rather than SG, Johor will benefit more.

IMO the SG Johor SEZ should not proceed
I get where you're coming from with the SEZ concerns. It’s true that the shift might affect Singapore’s job market, especially in sectors like accountancy.

But some might argue that the SEZ could bring new opportunities, attract more investment, and create jobs in both SG and Johor. Still, we shouldn’t ignore the potential risks for our local professionals.

It’s definitely a delicate balance.
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  #21425 (permalink)  
Old 14-01-2025, 10:36 PM
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There are some target market who will want to enjoy a short commute and see family daily.

The target market includes those audit firm partners who currently reside in JB - you can refer to recent ISCA x MIA social media updates

some dont like the pressure cooker environment in Singapore

singapore accounting work culture tend to be quite toxic due to high performance pressure also.

For accounting roles in SG, its a 24/7 role. Still have to work weekends.

It’s tough, no doubt. Auditors often get the short end of the stick – long hours, high stress, and it doesn’t help that pay isn't as high as in other sectors. But honestly, it’s part of the job. The regulatory role we play is crucial, and while it can be frustrating, it’s also what makes our profession so important.

Hope things get better for the sector.
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  #21426 (permalink)  
Old 14-01-2025, 10:45 PM
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GCT say swiss standard of living

I cannot simply base my retirement on SG standard of living if i were to retire elsewhere

All i can say is that accountancy practitioners in USA and Switzerland definitely earn more over there after tax. Why should we be underpaid?

The expectations of our work is perfection and timeliness.
While it's true that accountants in places like the USA and Switzerland earn more, it's also important to consider the overall cost of living and tax rates in those countries. In Singapore, we do have a higher standard of living, but the trade-off is lower tax rates and generally more job stability.

it's also about balancing expectations with compensation. It’s a global industry, and the market sets the pace, but it’s up to us to adapt and keep improving our skill sets to stay competitive.


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  #21427 (permalink)  
Old 15-01-2025, 02:02 AM
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I get where you're coming from with the SEZ concerns. It’s true that the shift might affect Singapore’s job market, especially in sectors like accountancy.

But some might argue that the SEZ could bring new opportunities, attract more investment, and create jobs in both SG and Johor. Still, we shouldn’t ignore the potential risks for our local professionals.

It’s definitely a delicate balance.
But its not realistic to expect SEZ will bring forward new opportunities unless there are safeguards to prevent companies from offshoring their existing accounting functions

Government needs to create rules to ensure that key management and HR/Accountancy staff are based physically in SG
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  #21428 (permalink)  
Old 15-01-2025, 02:12 AM
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But its not realistic to expect SEZ will bring forward new opportunities unless there are safeguards to prevent companies from offshoring their existing accounting functions

Government needs to create rules to ensure that key management and HR/Accountancy staff are based physically in SG
Based physically in SG and hired from local talent pool*

Some will argue that this defeats purpose of SEZ but SEZ should serve dual role of widening tax base for the country and retaining/creating existing jobs for Singaporeans


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  #21429 (permalink)  
Old 15-01-2025, 02:19 AM
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While it's true that accountants in places like the USA and Switzerland earn more, it's also important to consider the overall cost of living and tax rates in those countries. In Singapore, we do have a higher standard of living, but the trade-off is lower tax rates and generally more job stability.

it's also about balancing expectations with compensation. It’s a global industry, and the market sets the pace, but it’s up to us to adapt and keep improving our skill sets to stay competitive.
Disagree.

Its the net take home salary after deducting all expenses which is still lower compared to USA and Switzerland.

In Switzerland there are minimal foreigners to depress wages.

Swiss accountancy wages are close to what doctors and lawyers are drawing
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  #21430 (permalink)  
Old 15-01-2025, 02:23 AM
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LMAO bro is actually arguing in an anonymous forum and does not realize that half the responses are chatGPT with Singapore Prompt 2.5 that's being shared on askSG github.
I must argue until ChatGPT lose coherence
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