Lawyer Salary - Page 1286 - 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




Lawyer Salary

Reply
 
Thread Tools
  #12851 (permalink)  
Old 26-07-2021, 07:59 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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

Thanks bro

Reply With Quote
  #12852 (permalink)  
Old 26-07-2021, 09:05 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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
Thanks sis

Reply With Quote
  #12853 (permalink)  
Old 26-07-2021, 10:09 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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
cheers man

Reply With Quote
  #12854 (permalink)  
Old 26-07-2021, 10:09 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
cheers man
your mum is frontloaded
Reply With Quote
  #12855 (permalink)  
Old 26-07-2021, 10:11 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
cheers man
Thx mannnnn
Reply With Quote
  #12856 (permalink)  
Old 26-07-2021, 11:45 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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
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.
Reply With Quote

  #12857 (permalink)  
Old 26-07-2021, 12:49 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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
Reply With Quote
  #12858 (permalink)  
Old 26-07-2021, 01:26 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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
Also note that if you resign, some firms stop the front load so during your notice your pay will actually be lower.
Reply With Quote
  #12859 (permalink)  
Old 26-07-2021, 01:48 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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?
Reply With Quote
  #12860 (permalink)  
Old 26-07-2021, 01:54 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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.
Reply With Quote
Reply

Bookmarks

Tags
advocate, law, lawyer, legal, solicitor

« 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
From Lawyer Insider: Life is Glamorous but Unsatisfying Salary.sg Income and Jobs 31 15-01-2018 12:40 PM

» 30 Recent Threads
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
5,881 Replies, 4,712,096 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,969 Replies, 1,078,774 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
15,854 Replies, 5,080,636 Views
DBS ACE Programme ( 1 2 3... Last Page)
158 Replies, 82,099 Views
Career as Teacher ( 1 2 3... Last Page)
11,150 Replies, 6,819,064 Views
Roles in accenture singapore ( 1 2 3... Last Page)
7,605 Replies, 2,374,099 Views
Lawyer Salary ( 1 2 3... Last Page)
21,110 Replies, 10,438,956 Views
GovTech ( 1 2 3... Last Page)
5,588 Replies, 2,265,050 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
807 Replies, 383,087 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,141 Replies, 3,787,029 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,343 Replies, 1,160,616 Views
How is life as a doctor in... ( 1 2 3... Last Page)
7,335 Replies, 3,450,781 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
736 Replies, 410,023 Views
Any Ministry or Statboard still... ( 1 2)
12 Replies, 12,152 Views
Work culture in CPF board ( 1 2 3... Last Page)
34 Replies, 77,453 Views
Compare civil service salary ( 1 2 3... Last Page)
16,421 Replies, 12,570,748 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,497 Replies, 1,397,796 Views
Work culture in IHiS ( 1 2 3... Last Page)
722 Replies, 551,605 Views
Private Banking Salaries ( 1 2 3... Last Page)
83 Replies, 138,501 Views
NUS (National University of... ( 1 2 3... Last Page)
322 Replies, 325,783 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
761 Replies, 421,465 Views
ST Electronics ( 1 2 3... Last Page)
3,804 Replies, 1,570,779 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
1,053 Replies, 449,664 Views
Ex-MOE Teachers ( 1 2 3... Last Page)
415 Replies, 499,684 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,280 Replies, 633,692 Views
NCS Tech Graduate Programme or...
4 Replies, 463 Views
Work in SMU ( 1 2)
12 Replies, 4,825 Views
ITE (lecturer) ( 1 2 3... Last Page)
278 Replies, 391,641 Views
ST Engineering Land Systems ( 1 2 3)
24 Replies, 11,709 Views
UOB Management Associate Program ( 1 2 3... Last Page)
1,486 Replies, 803,281 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 03:20 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2