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Salary Increment Rate

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  #11 (permalink)  
Old 05-02-2012, 10:57 PM
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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...
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  #12 (permalink)  
Old 06-02-2012, 02:51 PM
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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?
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  #13 (permalink)  
Old 07-02-2012, 08:20 PM
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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.
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  #14 (permalink)  
Old 11-02-2012, 08:40 PM
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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..
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  #15 (permalink)  
Old 11-02-2012, 10:08 PM
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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


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  #16 (permalink)  
Old 12-02-2012, 11:00 AM
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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?
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  #17 (permalink)  
Old 12-02-2012, 06:27 PM
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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.
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Old 12-02-2012, 06:53 PM
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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
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  #19 (permalink)  
Old 12-02-2012, 10:27 PM
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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
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  #20 (permalink)  
Old 12-02-2012, 10:59 PM
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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
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