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Today 12:08 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
EDGE:
Graduates joining Deloitte Singapore as auditors will have a starting monthly salary of $4,100 from 1 September 2024. First-year hires joining the firm under its FasTrack programme – Deloitte’s accelerated audit career programme for accountancy graduates – will have a starting salary of $4,500.

The move is in support of the Accountancy Workforce Review Committee set up by the Ministry of Finance on May 10. It also stems from the government’s plans to strengthen the attractiveness of the accountancy sector and grow Singapore’s pool of skilled accounting professionals.

MOM:
For EPs expiring from 1 September 2024, in addition to meeting the EP qualifying salary, they will also need to pass COMPASS to get their pass renewed.


Is the move to increase graduates' salaries in support of the Accountancy Workforce Review Committee initiated by the Ministry of Finance genuine, or is it primarily motivated by compliance with the EP rules set by MOM?

Why does the salary increment effective date fall on 1 September 2024 and align with the MOM EP renewal date 1st September 2024?

I would appreciate insights from HR experts on this matter.

If it's the latter, I would find it very disgusting.
My firm is lacking local associates because many have resigned. Perhaps it could work both ways to attract local graduates, and if not possible, transfer associates from the Big 4 firms in Malaysia to Singapore
Today 12:05 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Anyone know whether these pay adjustments will flow to seniors.

I am honestly quite tilted by all these adjustments. Not sure if I am the only one. The fact that they can adjust so aggressively is because they have been underpaying everyone so freaking long. When I first joined audit just years ago, it was at 3k. Now suddenly can offer 4.1k, 4.5k. For S1, even their current pay only 4.8k? Freaking ridiculous. You want to up like this and not flow to senior then ask your A1 lead the engagements
It's a $300 difference. Hahaha, many of the seniors are tilted.

I guess many will resign. senior takes up too much responsibility for the few hundreds.
Yesterday 11:58 PM
Unregistered EDGE:
Graduates joining Deloitte Singapore as auditors will have a starting monthly salary of $4,100 from 1 September 2024. First-year hires joining the firm under its FasTrack programme – Deloitte’s accelerated audit career programme for accountancy graduates – will have a starting salary of $4,500.

The move is in support of the Accountancy Workforce Review Committee set up by the Ministry of Finance on May 10. It also stems from the government’s plans to strengthen the attractiveness of the accountancy sector and grow Singapore’s pool of skilled accounting professionals.

MOM:
For EPs expiring from 1 September 2024, in addition to meeting the EP qualifying salary, they will also need to pass COMPASS to get their pass renewed.


Is the move to increase graduates' salaries in support of the Accountancy Workforce Review Committee initiated by the Ministry of Finance genuine, or is it primarily motivated by compliance with the EP rules set by MOM?

Why does the salary increment effective date fall on 1 September 2024 and align with the MOM EP renewal date 1st September 2024?

I would appreciate insights from HR experts on this matter.

If it's the latter, I would find it very disgusting.
Yesterday 11:56 PM
Unregistered EDGE:
Graduates joining Deloitte Singapore as auditors will have a starting monthly salary of $4,100 from 1 September 2024. First-year hires joining the firm under its FasTrack programme – Deloitte’s accelerated audit career programme for accountancy graduates – will have a starting salary of $4,500.

The move is in support of the Accountancy Workforce Review Committee set up by the Ministry of Finance on May 10. It also stems from the government’s plans to strengthen the attractiveness of the accountancy sector and grow Singapore’s pool of skilled accounting professionals.

MOM:
For EPs expiring from 1 September 2024, in addition to meeting the EP qualifying salary, they will also need to pass COMPASS to get their pass renewed.


Is the move to increase graduates' salaries in support of the Accountancy Workforce Review Committee initiated by the Ministry of Finance genuine, or is it primarily motivated by compliance with the EP rules set by MOM?

I would appreciate insights from HR experts on this matter.

If it's the latter, I would find it very disgusting.
Yesterday 11:44 PM
Unregistered Graduates joining Deloitte Singapore as auditors will have a starting monthly salary of $4,100 from Sept 1. First-year hires joining the firm under its FasTrack programme – Deloitte’s accelerated audit career programme for accountancy graduates – will have a starting salary of $4,500.

s://.theedgesingapore.com/news/company-news/graduates-joining-deloitte-singapore-auditors-will-have-starting-monthly-salary

----------------------------------------------------------------------------------------------------

Who is eligible
To qualify for EP applications, candidates will need to pass a 2-stage eligibility framework:

Stage 1
Earn at least the EP qualifying salary, which is benchmarked to the top 1/3 of local PMET salaries by age.

Stage 2
Unless exempted, pass the points-based Complementarity Assessment Framework (COMPASS).

Note:
Candidates who do not meet stage 1 will not be eligible for an EP, regardless of the points they would have scored under COMPASS.

The 2-stage eligibility framework applies to new EP applications from 1 September 2023, and renewals of EPs expiring from 1 September 2024

s://.mom.gov.sg/passes-and-permits/employment-pass/eligibility

----------------------------------------------------------------------------------------------------


Huh? So the increment is due to MOM EP rules but not genuinely wanting to increase pay for A1 associates or attract local uni graduates????

Both MOM and Deloitte date - 1 September 2024 is too coincidence ...???
Yesterday 11:42 PM
Unregistered Anyone know whether these pay adjustments will flow to seniors.

I am honestly quite tilted by all these adjustments. Not sure if I am the only one. The fact that they can adjust so aggressively is because they have been underpaying everyone so freaking long. When I first joined audit just years ago, it was at 3k. Now suddenly can offer 4.1k, 4.5k. For S1, even their current pay only 4.8k? Freaking ridiculous. You want to up like this and not flow to senior then ask your A1 lead the engagements
Yesterday 11:40 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
LOL raise associate pay... partners sure complain and cut bonus, maybe even zero. or hire seniors in Malaysia so only need to pay 2k SGD
And to create enough ft quota. Win win
Yesterday 11:39 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
LOL raise associate pay... partners sure complain and cut bonus, maybe even zero. or hire seniors in Malaysia so only need to pay 2k SGD
Wool is always on the sheep
Yesterday 11:27 PM
Unregistered Wow the pay is good.

Young people still don't want join?
Yesterday 11:24 PM
Unregistered LOL raise associate pay... partners sure complain and cut bonus, maybe even zero. or hire seniors in Malaysia so only need to pay 2k SGD
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