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  #9711 (permalink)  
Old 31-05-2020, 08:57 PM
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i was the earlier poster from SME to MNC to GLC to SB to Local bank.

actually not so straight for private cross over to CS and visa versa. it is actually quite different.
so i wouldnt say either one can be the fallback of the other.

paywise, CS compensate by bonus.. if you perform, your annual package can definitely match what you can get in private..
+ point for CS is less likely to be retrench
+ point for private is higher monthly salary (no matter what its always better to take money first than to wait for the uncertain bonus & s significant amount of performance usually tie to whether you are given a chance to perform or whether your management likes you)
I disagree that private is higher monthly salary. There are all kinds of private firms out there, including those that use low monthly, high bonus wage model. Don't forget the many commission-based roles in private as well, financial advisor, insurance agent, real estate agent, basically most sales roles and air stewardess/pilot with their flight allowance as well. All these people have alot of uncertainty even in their monthly pay, when they do well they earn alot, but when times are bad or they perform poorly, they suffer alot as well.

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  #9712 (permalink)  
Old 31-05-2020, 08:57 PM
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Will CS/SB hire people who want to do mid-career switch now? Or are they prioritizing people who are unemployed /fresh grad? I have 10 years of exp in pte sector. Have been applying for more than a year but not shortlisted. Currently have job but my company not doing well so quite worried.
Graduated from local uni.

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  #9713 (permalink)  
Old 31-05-2020, 09:26 PM
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I disagree that private is higher monthly salary. There are all kinds of private firms out there, including those that use low monthly, high bonus wage model. Don't forget the many commission-based roles in private as well, financial advisor, insurance agent, real estate agent, basically most sales roles and air stewardess/pilot with their flight allowance as well. All these people have alot of uncertainty even in their monthly pay, when they do well they earn alot, but when times are bad or they perform poorly, they suffer alot as well.
Well choosing the right industries in the private sector is impt as well. Sales roles in banking/aviation sector might not be doing too well currently, but sales roles in pharmaceuticals are probably generating fat stacks right now

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  #9714 (permalink)  
Old 31-05-2020, 10:13 PM
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Will CS/SB hire people who want to do mid-career switch now? Or are they prioritizing people who are unemployed /fresh grad? I have 10 years of exp in pte sector. Have been applying for more than a year but not shortlisted. Currently have job but my company not doing well so quite worried.
Graduated from local uni.
You have answered the question yourself. With so many job seekers seeking for the safe haven of public service, competition is extremely tough.
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  #9715 (permalink)  
Old 31-05-2020, 10:32 PM
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Not all industries in private sector are that badly hit. Private sector jobs in tech, healthcare/phamaceuticals still seems quite good to work in currently..
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  #9716 (permalink)  
Old 31-05-2020, 11:41 PM
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Default Salary adjustment in June

For those whose annual salary adjustment is in June, check out the pacgov.
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  #9717 (permalink)  
Old 01-06-2020, 01:16 AM
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How long does it take for hr to come up with a conditional offer/package and get back to me?
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  #9718 (permalink)  
Old 01-06-2020, 01:26 AM
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I'm from HR so let me clarify.

Gross pay means the salary in the contract (no employer contribution, but employee contribution is inside)
Seem like your definition on gross is different from MOM definition. Please clarify before causing more confusion here. The previous previous seem more legit and sensible.

s://stats.mom.gov.sg/SL/Pages/Gross-Monthly-Income-from-Work-Concepts-and-Definitions.aspx


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  #9719 (permalink)  
Old 01-06-2020, 01:26 AM
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Originally Posted by sinkingfeeling View Post
Jin satki leh you

Can share how you managed to get cs job as a private uni grad?
Just keep trying and not give up. I graduated from private uni and had about 5 years of private sector experience before switching over to public sector
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  #9720 (permalink)  
Old 01-06-2020, 07:42 AM
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Seem like your definition on gross is different from MOM definition. Please clarify before causing more confusion here. The previous previous seem more legit and sensible.

s://stats.mom.gov.sg/SL/Pages/Gross-Monthly-Income-from-Work-Concepts-and-Definitions.aspx
The Hr person is correct...... Gross has employee cpf contribution (ie not deducted).
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