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26-07-2021, 07:59 AM
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Quote:
Originally Posted by Unregistered
Frontloaded salary works this way:
Say you are paid $4,500 per month (that’s 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) it’s equal to $13,500 which is 2.25 months on $6,000 salary.
In firms that don’t practice front load, it means your bonus of 3-4 months is based on $7,500. That’s the meaning
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Thanks bro
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26-07-2021, 09:05 AM
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Quote:
Originally Posted by Unregistered
Frontloaded salary works this way:
Say you are paid $4,500 per month (that’s 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) it’s equal to $13,500 which is 2.25 months on $6,000 salary.
In firms that don’t practice front load, it means your bonus of 3-4 months is based on $7,500. That’s the meaning
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Thanks sis
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26-07-2021, 10:09 AM
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Quote:
Originally Posted by Unregistered
Frontloaded salary works this way:
Say you are paid $4,500 per month (that’s 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) it’s equal to $13,500 which is 2.25 months on $6,000 salary.
In firms that don’t practice front load, it means your bonus of 3-4 months is based on $7,500. That’s the meaning
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cheers man
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26-07-2021, 10:09 AM
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Quote:
Originally Posted by Unregistered
cheers man
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your mum is frontloaded
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26-07-2021, 10:11 AM
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Quote:
Originally Posted by Unregistered
cheers man
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Thx mannnnn
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26-07-2021, 11:45 AM
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Quote:
Originally Posted by Unregistered
Frontloaded salary works this way:
Say you are paid $4,500 per month (that’s 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) it’s equal to $13,500 which is 2.25 months on $6,000 salary.
In firms that don’t practice front load, it means your bonus of 3-4 months is based on $7,500. That’s the meaning
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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.
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26-07-2021, 12:49 PM
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Quote:
Originally Posted by Unregistered
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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Why can't you? Those female pigs need to get out there and make pork chops man
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26-07-2021, 01:26 PM
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Quote:
Originally Posted by Unregistered
Frontloaded salary works this way:
Say you are paid $4,500 per month (that’s 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) it’s equal to $13,500 which is 2.25 months on $6,000 salary.
In firms that don’t practice front load, it means your bonus of 3-4 months is based on $7,500. That’s the meaning
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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.
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26-07-2021, 01:48 PM
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Quote:
Originally Posted by Unregistered
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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why? Isnt front load a constant pay?
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26-07-2021, 01:54 PM
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Quote:
Originally Posted by Unregistered
why? Isnt front load a constant pay?
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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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