Notes on using Salary.sg salary benchmark
Benchmark Your Monthly Pay By Age & Gender 2010 | Salary.sg - Your Salary in Singapore
For example, your situation is as follows
Gender: Male
Age: 35
Monthly Gross Salary: 8000
Keying in the above makes you top 16.7% (83.3 percentile) of your cohort
However, say you are a degree holder with 10 years experience.
If you want to compare apples to apples, you should come up with a baseline salary. ie. Say you figure other degree holders with 10 years experience should be making a minimum of 4500 monthly gross.
Keying in $4500, male, age 35 gives top 43.1% (56.9 percentile) of cohort
So, your more realistic standing amongst peers is (83.3-56.9)/(100-56.9) * 100 = 61.3 percentile or top 38.7% of your cohort
Similarly, you can apply a ceiling to your comparison if you so desire.
But note that due to lack of data points in
MOM's data, you cannot get a accurate reading if you are at the top end of the salary scale. Try keying in some test figures into the salary benchmark tool. For example, for a male at age 35, the results remain the same at $10000 gross monthly and above, which means there's no data for your comparison if you are making above $10K. You just know you are around the top 10% of your cohort.
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