Posted this in another thread, however seems like most of you have broken out of this calculation model? If so, how is it done?
I was taking this as a gauge of decent average?
I believe the following are average figures in private sector (probably excl banking)?
a) 20% increment for job switch (or promotion) every 2 years.
b) 4% increment in same job.
Thus 10 years of experience will earn you about $5.5K/month?
(Taking starting average salary to be S$2.5K/month)
Any thoughts?