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  #12851 (permalink)  
Old 26-07-2021, 07:59 AM
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Frontloaded salary works this way:

Say you are paid $4,500 per month (thatís your base).
But if firms were to pay $4,500 per month, no one would join.

So to entice young associates, they pay $6,000 for instance. But the $1,500 is frontloaded.

Which means when you get your bonus of 2-3 months, it is based on the $4,500 per month. So if you calculated $4,500 x 3 months (bonus) itís equal to $13,500 which is 2.25 months on $6,000 salary.

In firms that donít practice front load, it means your bonus of 3-4 months is based on $7,500. Thatís the meaning

Thanks bro

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  #12852 (permalink)  
Old 26-07-2021, 09:05 AM
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Originally Posted by Unregistered View Post
Frontloaded salary works this way:

Say you are paid $4,500 per month (thatís your base).
But if firms were to pay $4,500 per month, no one would join.

So to entice young associates, they pay $6,000 for instance. But the $1,500 is frontloaded.

Which means when you get your bonus of 2-3 months, it is based on the $4,500 per month. So if you calculated $4,500 x 3 months (bonus) itís equal to $13,500 which is 2.25 months on $6,000 salary.

In firms that donít practice front load, it means your bonus of 3-4 months is based on $7,500. Thatís the meaning
Thanks sis

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  #12853 (permalink)  
Old 26-07-2021, 10:09 AM
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Originally Posted by Unregistered View Post
Frontloaded salary works this way:

Say you are paid $4,500 per month (thatís your base).
But if firms were to pay $4,500 per month, no one would join.

So to entice young associates, they pay $6,000 for instance. But the $1,500 is frontloaded.

Which means when you get your bonus of 2-3 months, it is based on the $4,500 per month. So if you calculated $4,500 x 3 months (bonus) itís equal to $13,500 which is 2.25 months on $6,000 salary.

In firms that donít practice front load, it means your bonus of 3-4 months is based on $7,500. Thatís the meaning
cheers man

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  #12854 (permalink)  
Old 26-07-2021, 10:09 AM
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cheers man
your mum is frontloaded
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  #12855 (permalink)  
Old 26-07-2021, 10:11 AM
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cheers man
Thx mannnnn
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  #12856 (permalink)  
Old 26-07-2021, 11:45 AM
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Originally Posted by Unregistered View Post
Frontloaded salary works this way:

Say you are paid $4,500 per month (thatís your base).
But if firms were to pay $4,500 per month, no one would join.

So to entice young associates, they pay $6,000 for instance. But the $1,500 is frontloaded.

Which means when you get your bonus of 2-3 months, it is based on the $4,500 per month. So if you calculated $4,500 x 3 months (bonus) itís equal to $13,500 which is 2.25 months on $6,000 salary.

In firms that donít practice front load, it means your bonus of 3-4 months is based on $7,500. Thatís the meaning
Since this is an expectation problem, one possible solution is for salaries to be stated on an annual comp package like is done in other countries, with expectation that bonus is low, e.g. 0.5 to 1 month residual.

The reason why Singapore job market talks about salaries in monthly rate and not annual is because of our monthly CPF computations.

That said, u can't put lipstick on a pig. Sweatshop means sweatshop, and that's what Singapore law firms are.
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  #12857 (permalink)  
Old 26-07-2021, 12:49 PM
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Since this is an expectation problem, one possible solution is for salaries to be stated on an annual comp package like is done in other countries, with expectation that bonus is low, e.g. 0.5 to 1 month residual.

The reason why Singapore job market talks about salaries in monthly rate and not annual is because of our monthly CPF computations.

That said, u can't put lipstick on a pig. Sweatshop means sweatshop, and that's what Singapore law firms are.
Why can't you? Those female pigs need to get out there and make pork chops man
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  #12858 (permalink)  
Old 26-07-2021, 01:26 PM
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Originally Posted by Unregistered View Post
Frontloaded salary works this way:

Say you are paid $4,500 per month (thatís your base).
But if firms were to pay $4,500 per month, no one would join.

So to entice young associates, they pay $6,000 for instance. But the $1,500 is frontloaded.

Which means when you get your bonus of 2-3 months, it is based on the $4,500 per month. So if you calculated $4,500 x 3 months (bonus) itís equal to $13,500 which is 2.25 months on $6,000 salary.

In firms that donít practice front load, it means your bonus of 3-4 months is based on $7,500. Thatís the meaning
Also note that if you resign, some firms stop the front load so during your notice your pay will actually be lower.
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  #12859 (permalink)  
Old 26-07-2021, 01:48 PM
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Also note that if you resign, some firms stop the front load so during your notice your pay will actually be lower.
why? Isnt front load a constant pay?
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  #12860 (permalink)  
Old 26-07-2021, 01:54 PM
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why? Isnt front load a constant pay?
No, it's a bonus component so it's technically variable.

Non-payment of bonus during notice period is quite standard for B4.
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