Lawyer Salary - Page 2094 - 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
  #20931 (permalink)  
Old 13-03-2024, 12:15 AM
Unregistered
Guest
 
Posts: n/a
Default

How’s the NQ pay at withers? Higher than Big 4?

Reply With Quote
  #20932 (permalink)  
Old 13-03-2024, 07:55 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
A&G front load like **** sia what talking you
Don’t they pay the highest among the Big 4?

Reply With Quote
  #20933 (permalink)  
Old 13-03-2024, 10:48 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Don’t they pay the highest among the Big 4?
Front load and pay high two diff things. Afaik I don’t any sg firms don’t front load.

Reply With Quote
  #20934 (permalink)  
Old 13-03-2024, 12:33 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Front load and pay high two diff things. Afaik I don’t any sg firms don’t front load.
OP fail comprehension siol... Front load and high pay are two different concepts.
Reply With Quote
  #20935 (permalink)  
Old 13-03-2024, 04:07 PM
Unregistered
Guest
 
Posts: n/a
Default

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?
Reply With Quote
  #20936 (permalink)  
Old 13-03-2024, 05:26 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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?

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.
Reply With Quote

  #20937 (permalink)  
Old 13-03-2024, 05:34 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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.

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.


Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


Bursa Stocks Android App - check share prices
Bursa Stocks [Android] App - check latest share prices on the go


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #20938 (permalink)  
Old 13-03-2024, 09:22 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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.

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.
Reply With Quote
  #20939 (permalink)  
Old 13-03-2024, 10:28 PM
Unregistered
Guest
 
Posts: n/a
Default

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?
Reply With Quote
  #20940 (permalink)  
Old 14-03-2024, 12:25 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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?
Not a lot. 3k
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
Roles in accenture singapore ( 1 2 3... Last Page)
8,094 Replies, 2,553,962 Views
GovTech ( 1 2 3... Last Page)
6,596 Replies, 2,568,446 Views
Work culture in IHiS ( 1 2 3... Last Page)
763 Replies, 587,760 Views
Civil Servant Bonus Mid-2023 ( 1 2 3... Last Page)
281 Replies, 211,906 Views
Lawyer Salary ( 1 2 3... Last Page)
21,397 Replies, 10,791,278 Views
ST Electronics ( 1 2 3... Last Page)
3,929 Replies, 1,659,014 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
18,073 Replies, 5,464,996 Views
Career as Teacher ( 1 2 3... Last Page)
11,706 Replies, 7,145,561 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,419 Replies, 1,227,114 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,388 Replies, 3,966,580 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
2,290 Replies, 1,163,819 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
355 Replies, 401,459 Views
How is life as a doctor in... ( 1 2 3... Last Page)
7,548 Replies, 3,616,027 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
930 Replies, 449,314 Views
MOH Holdings ( 1 2 3... Last Page)
74 Replies, 51,899 Views
SLA (Singapore Land Authority) ( 1 2 3... Last Page)
35 Replies, 34,179 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
877 Replies, 469,134 Views
Compare civil service salary ( 1 2 3... Last Page)
16,504 Replies, 12,903,517 Views
Working in SMRT ( 1 2 3... Last Page)
46 Replies, 63,317 Views
Civil Servant Bonus Mid-2024
2 Replies, 617 Views
Queries about Cpib application ( 1 2 3... Last Page)
1,398 Replies, 931,550 Views
Health Promotion Board ( 1 2)
10 Replies, 12,072 Views
A*Star (Agency for Science,... ( 1 2 3... Last Page)
45 Replies, 110,095 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,475 Replies, 4,983,065 Views
PMO (Prime Minister's Office... ( 1 2 3)
24 Replies, 8,199 Views
GIC offer ( 1 2)
18 Replies, 999 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
833 Replies, 477,801 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,944 Replies, 2,989,982 Views
Nparks ( 1 2 3... Last Page)
42 Replies, 38,212 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 10:39 AM.


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