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Topic Review (Newest First)
Today 01:29 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
What is the bonus and increment like this year?
one word bad
Yesterday 10:41 PM
Unregistered What is the bonus and increment like this year?
18-09-2021 11:05 AM
Unregistered What’s the increment from ad to dd
17-09-2021 11:16 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
whats the pay range of a full "director" in MAS? also there is no AWS or bonus at all?
anyone can answer this?
15-09-2021 02:39 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
I didn't get any increment after probation. Understand that first increment for newbies is at first year anniversary.
Is this the case where newbies get their first increment at the first year anniversary? Anyone can confirm this?
15-09-2021 01:23 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
MAS benchmarked against I think middle/back office of financial sector and set the benchmark at a certain percentile (e.g. 70%). Cannot compare with front office salary figures.

MAS is a good place to 'take shelter' in during stormy days like this. U sacrifice some moolah for security. But when the weather is fine and FIs are paying top money outside, MAS will be slow to revise compensation upwards and there will be a cap.

A typical civil/public service way of benchmarking to make sure they are following salary trends but not paying top money (at 90-100% percentile) like FIs outside.

Because need to make sure it has financial prudence of a govt agency. And govt agency are not money making entities. MAS investments goes back into state coffers. Unlike FIs where employees will get a cut of the earnings.

public svc is not hire and fire so paying at P70 is more sustainable.
14-09-2021 12:47 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Agree that payscale higher because of the fold in bonus. As for benchmarked against financial sector, that might not be true. Bonus has dropped drastically which makes the overall compensation less attractive when compared to financial sector. Even when industry rebounced from covid, there is no review in salary package.
MAS benchmarked against I think middle/back office of financial sector and set the benchmark at a certain percentile (e.g. 70%). Cannot compare with front office salary figures.

MAS is a good place to 'take shelter' in during stormy days like this. U sacrifice some moolah for security. But when the weather is fine and FIs are paying top money outside, MAS will be slow to revise compensation upwards and there will be a cap.

A typical civil/public service way of benchmarking to make sure they are following salary trends but not paying top money (at 90-100% percentile) like FIs outside.

Because need to make sure it has financial prudence of a govt agency. And govt agency are not money making entities. MAS investments goes back into state coffers. Unlike FIs where employees will get a cut of the earnings.
13-09-2021 07:57 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
The payscale is higher because MAS fold in bonus into salary component. Plus MAS salary package is benchmarked against financial sector.
Agree that payscale higher because of the fold in bonus. As for benchmarked against financial sector, that might not be true. Bonus has dropped drastically which makes the overall compensation less attractive when compared to financial sector. Even when industry rebounced from covid, there is no review in salary package.
13-09-2021 05:24 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
The payscale is higher because MAS fold in bonus into salary component. Plus MAS salary package is benchmarked against financial sector.
whats the pay range of a full "director" in MAS? also there is no AWS or bonus at all?
13-09-2021 01:25 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
The DD pay scale (>10k) at MAS is much higher than AD (ministry) salary ceiling
The payscale is higher because MAS fold in bonus into salary component. Plus MAS salary package is benchmarked against financial sector.
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