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


Salary Increment Rate

Reply
 
Thread Tools
  #11 (permalink)  
Old 05-02-2012, 11:57 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Bean View Post
you from what company or what industry?

I working in GLC as engineer

My company give only between 4-6% for promotion from engineer to senior engineer, from senior engineer to assistant principal engineer...and there of....

4-6% at their pay grade is addition of abt ~130-180 only...

alot of turnover.

Even one of my friend, consider a high flyer, estimate only getting abt $4700 basic after 6 years exp(with 3 promotion included)....very low indeed his starting pay is 2.9k in 2007 jul

wats the average bonus per yr (including 13th mth)
u can consider joining keppel. also GLC but the bonus is gao gao...
Reply With Quote
  #12 (permalink)  
Old 06-02-2012, 03:51 PM
Qaz Qaz is offline
Member
 
Join Date: Jun 2009
Posts: 44
Qaz is on a distinguished road
Default

Quote:
Originally Posted by Unregistered View Post
500%. there you have it. it's just a number. did it make you any happier?
What do u mean its just a number and y wud it make me happy or sad? I'm asking to know how is the market like.. I have not receive mine yet, will be in april. Rumours are saying its gonna be 2%.

so for those who have received theri annual increment, care to share ur % excluding promotions?
Reply With Quote
  #13 (permalink)  
Old 07-02-2012, 09:20 PM
PaycheckSG's Avatar
Junior Member
 
Join Date: Nov 2011
Posts: 11
PaycheckSG is on a distinguished road
Default

Quote:
Originally Posted by Bean View Post
you from what company or what industry?

I working in GLC as engineer

My company give only between 4-6% for promotion from engineer to senior engineer, from senior engineer to assistant principal engineer...and there of....

4-6% at their pay grade is addition of abt ~130-180 only...

alot of turnover.

Even one of my friend, consider a high flyer, estimate only getting abt $4700 basic after 6 years exp(with 3 promotion included)....very low indeed his starting pay is 2.9k in 2007 jul
I am surprised. The median monthly salary in Singapore is around $2600. If a salary of $4700 is considered very low, then I will believe Singapore has come a long way and there wouldn't be many couples in Singapore with income within HDB's ceiling.

Maybe your friend would have felt much better if he had known the salary of his co-workers holding the same appointment. (Being a high flyer, definitely getting more than his peers)

Perhaps he/she is looking for opportunities to move up to next level, rather than move due to the current salary.
Reply With Quote
  #14 (permalink)  
Old 11-02-2012, 09:40 PM
Unregistered
Guest
 
Posts: n/a
Talking

Quote:
Originally Posted by Bean View Post
you from what company or what industry?

I working in GLC as engineer

My company give only between 4-6% for promotion from engineer to senior engineer, from senior engineer to assistant principal engineer...and there of....

4-6% at their pay grade is addition of abt ~130-180 only...

alot of turnover.

Even one of my friend, consider a high flyer, estimate only getting abt $4700 basic after 6 years exp(with 3 promotion included)....very low indeed his starting pay is 2.9k in 2007 jul
Based on what you've said, the increment for promotion is double the 4-6% mentioned. do the calculations again..
Reply With Quote
  #15 (permalink)  
Old 11-02-2012, 11:08 PM
Senior Member
 
Join Date: Oct 2011
Posts: 309
Bean is on a distinguished road
Default

Quote:
Originally Posted by Unregistered View Post
Based on what you've said, the increment for promotion is double the 4-6% mentioned. do the calculations again..
you got to consider
Annual increment = 3.5-4%
Promotion increment = 4-6%
got one year in 2009 got pay freeze
got 2 years got wage adjustment of +200 each

and to sum it up will get 4.7k after 6 yr exp
Reply With Quote
  #16 (permalink)  
Old 12-02-2012, 12:00 PM
Senior Member
 
Join Date: Oct 2011
Posts: 309
Bean is on a distinguished road
Default

Quote:
Originally Posted by Unregistered View Post
wats the average bonus per yr (including 13th mth)
u can consider joining keppel. also GLC but the bonus is gao gao...


ignored the bonus etc,

can anyone provide the annual increment & promotion increment info in keppel fels, assuming I am average performer.

annual increment = how many %
promotion increment = how many %



Let say I join keppel fels since fresh grad starting pay = 2700
How much will my basic salary after 3 years with 1 promotion included?
Reply With Quote
  #17 (permalink)  
Old 12-02-2012, 07:27 PM
Unregistered
Guest
 
Posts: n/a
Default

i know my fren in keppel energy mgmt trainee $2800 BUT bonus average ~8-9 mths.
$2800x20mths=$56000 !


compare it to exxonmobil (fixed 15mths package, no variable bonus)
fresh grad i last heard is ~$3600
$3600x15=$54000

some of my exxon frens would complain their bonus esp on good years cos other coys give high bonus while theirs is fixed.
Reply With Quote
  #18 (permalink)  
Old 12-02-2012, 07:53 PM
Senior Member
 
Join Date: Oct 2011
Posts: 309
Bean is on a distinguished road
Default

Quote:
Originally Posted by Unregistered View Post
i know my fren in keppel energy mgmt trainee $2800 BUT bonus average ~8-9 mths.
$2800x20mths=$56000 !

after 2 years how much will be his basic salary?


compare it to exxonmobil (fixed 15mths package, no variable bonus)
fresh grad i last heard is ~$3600
$3600x15=$54000

i know that after 2 years in exxon, he will get ~$4900
$4900x15 = $73500


some of my exxon frens would complain their bonus esp on good years cos other coys give high bonus while theirs is fixed.
see red color
Reply With Quote
  #19 (permalink)  
Old 12-02-2012, 11:27 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Bean View Post
see red color
i got no info on keppel ppl with 2 yrs exp... but my bro who got 5 yrs exp just joined exxon last yr... he only got $4900 offered..

Some possible scenarios:
1. He lied to me
2. He was paid below the mkt rate for exxon employees
3. Your info is inaccurate
Reply With Quote
  #20 (permalink)  
Old 12-02-2012, 11:59 PM
Senior Member
 
Join Date: Oct 2011
Posts: 309
Bean is on a distinguished road
Default

Quote:
Originally Posted by Unregistered View Post
i got no info on keppel ppl with 2 yrs exp... but my bro who got 5 yrs exp just joined exxon last yr... he only got $4900 offered..

Some possible scenarios:
1. He lied to me
2. He was paid below the mkt rate for exxon employees
3. Your info is inaccurate
according to exxon

it's engineer get pay increment of 7-8% every 6 months for the 1st 2 years, mean 4 increment in 2 years.

>>3600x1.08^4 = 4897 or approx~4900
Reply With Quote
Reply

Bookmarks

« 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
Q: Big4 - Yearly salary increment ricardo Income and Jobs 38 21-11-2014 11:08 PM
Yearly increment Button Income and Jobs 28 20-07-2011 01:11 AM
Annual Increment 1nch3r Income and Jobs 0 12-11-2010 12:36 AM
Can your Increment beat Inflation? Salary.sg Investments and Net Worth 9 24-04-2008 04:37 PM
Salary Increment to be 5.2% Salary.sg Income and Jobs 0 25-09-2007 01:55 PM

» 30 Recent Threads
Boost
0 Replies, 23 Views
How much are you earning per annum? ( 1 2 3... Last Page)
6,560 Replies, 1,526,886 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
522 Replies, 292,852 Views
Civil/Public Sector -...
0 Replies, 47 Views
Seeking advise on a banking career... ( 1 2)
14 Replies, 759 Views
HR-related Jobs - How much are you... ( 1 2 3... Last Page)
781 Replies, 177,039 Views
Bnp paribas graduate ( 1 2 3)
29 Replies, 5,794 Views
what is the prospect of social... ( 1 2)
11 Replies, 562 Views
Anyone working in CPF (Central...
1 Replies, 129 Views
NUS Industrial & System...
4 Replies, 315 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
783 Replies, 444,506 Views
Singtel Management Associate... ( 1 2 3... Last Page)
34 Replies, 5,517 Views
DBS Graduate Associate Program ( 1 2)
16 Replies, 1,220 Views
RMIT degree advice ( 1 2)
11 Replies, 404 Views
Compare civil service salary ( 1 2 3... Last Page)
4,577 Replies, 1,894,015 Views
Aircraft Maintenance License and... ( 1 2 3... Last Page)
443 Replies, 204,080 Views
AML/Compliance/KYC professionals... ( 1 2 3... Last Page)
117 Replies, 27,525 Views
Ideal Debt Ratio ( 1 2)
11 Replies, 1,631 Views
People in the Finance industry,... ( 1 2 3... Last Page)
132 Replies, 13,344 Views
What is CHARTERING EXECUTIVE about...
6 Replies, 1,009 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
420 Replies, 63,311 Views
Freelance instructor salary
6 Replies, 286 Views
Trading (Crude oil)
0 Replies, 115 Views
Career Advice : 1-year MBA from...
1 Replies, 144 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
870 Replies, 166,493 Views
Insurance Management Associate...
7 Replies, 1,961 Views
Working culture @ IDA ( 1 2 3... Last Page)
89 Replies, 56,339 Views
Guidance needed for extra savings! ( 1 2)
12 Replies, 2,202 Views
Powered by vBadvanced CMPS v3.2.2

All times are GMT +8. The time now is 06:16 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2015, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2