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13-03-2024, 12:15 AM
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How’s the NQ pay at withers? Higher than Big 4?
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13-03-2024, 07:55 AM
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Quote:
Originally Posted by Unregistered
A&G front load like **** sia what talking you
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Don’t they pay the highest among the Big 4?
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13-03-2024, 10:48 AM
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Quote:
Originally Posted by Unregistered
Don’t they pay the highest among the Big 4?
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Front load and pay high two diff things. Afaik I don’t any sg firms don’t front load.
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13-03-2024, 12:33 PM
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Quote:
Originally Posted by Unregistered
Front load and pay high two diff things. Afaik I don’t any sg firms don’t front load.
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OP fail comprehension siol... Front load and high pay are two different concepts.
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13-03-2024, 04:07 PM
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Can someone explain to me in simple terms what is so bad about frontloading practice?
At the end of the day, no difference to non-front-loaded structure if you compare your total comp on an annual basis right.
Plus, isn't it better to get your bonus component sooner rather than later? You can do more with it earlier, like put more in a HYSA account or invest it or whatever.
Anything I'm missing?
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13-03-2024, 05:26 PM
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Quote:
Originally Posted by Unregistered
Can someone explain to me in simple terms what is so bad about frontloading practice?
At the end of the day, no difference to non-front-loaded structure if you compare your total comp on an annual basis right.
Plus, isn't it better to get your bonus component sooner rather than later? You can do more with it earlier, like put more in a HYSA account or invest it or whatever.
Anything I'm missing?
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Good thing about front-loaded is if you decide you want to quit halfway, you already received some of your bonus. (every month your pay includes your front loaded bonus)
Bad thing about front-loaded is that your salary is not really as high as it is.
Eg: With the performance you made that year, the firm pays you 30k at end of financial year as a bonus. But the bonus you will actually receive from that "30k" is only 6k. because the "24k" has already been paid to you throughout the year in your monthly salary.
This means that on paper your salary is "high" and "competitive" but in actual fact it is low and dependent on you performing well. tldr: you are only getting 60-80% of the remuneration they offered when signing the employment contract.
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13-03-2024, 05:34 PM
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Quote:
Originally Posted by Unregistered
Good thing about front-loaded is if you decide you want to quit halfway, you already received some of your bonus. (every month your pay includes your front loaded bonus)
Bad thing about front-loaded is that your salary is not really as high as it is.
Eg: With the performance you made that year, the firm pays you 30k at end of financial year as a bonus. But the bonus you will actually receive from that "30k" is only 6k. because the "24k" has already been paid to you throughout the year in your monthly salary.
This means that on paper your salary is "high" and "competitive" but in actual fact it is low and dependent on you performing well. tldr: you are only getting 60-80% of the remuneration they offered when signing the employment contract.
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wow did not expect such a good explanation in a forum like this.
to add on to what this guy/girl said ^,
if you get 10k front loaded, means you actually only earn 7-8k per month, and the 2k + you get per month is actually based on your performance.
if you get 10k no front load, means you earn 10k per month, and you still get the full bonus based on your performance.
front load sucks.
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13-03-2024, 09:22 PM
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Quote:
Originally Posted by Unregistered
Good thing about front-loaded is if you decide you want to quit halfway, you already received some of your bonus. (every month your pay includes your front loaded bonus)
Bad thing about front-loaded is that your salary is not really as high as it is.
Eg: With the performance you made that year, the firm pays you 30k at end of financial year as a bonus. But the bonus you will actually receive from that "30k" is only 6k. because the "24k" has already been paid to you throughout the year in your monthly salary.
This means that on paper your salary is "high" and "competitive" but in actual fact it is low and dependent on you performing well. tldr: you are only getting 60-80% of the remuneration they offered when signing the employment contract.
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I feel like this is a circular argument. The same can be said for the firm to have paid your bonus despite you not hitting your billables/under your billables. But I guess emotionally / coming from the POV of how you might feel, your “base pay” is not that far off your admin staff counter parts.
Only real downside I can see is precisely that the front load portion being a “bonus”, the firm is at liberty to claw it back when you decide to leave.
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13-03-2024, 10:28 PM
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Hi all,
Is R and T the only firm which provides a 'retention bonus' to trainees who are retained? Anyone knows how much is this bonus?
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14-03-2024, 12:25 AM
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Quote:
Originally Posted by Unregistered
Hi all,
Is R and T the only firm which provides a 'retention bonus' to trainees who are retained? Anyone knows how much is this bonus?
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Not a lot. 3k
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