Quote:
Originally Posted by Unregistered
monthly salary around 4k x (12months + 1 months aws + 3 months performance bonus) = 64k
not forgetting quarterly Market Adjustment Component for salary to be matched competitively to the market. the adjustment will never be negative, either 0% or increase.
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quarterly Market Adjustment Component(MAC) for salary to be matched competitively to the market.
got such thing one ah??normally how much is the MAC, how often is the MAC more than 0%
LEt say an engineer getting $4000 in Jan 2013,
MAC in Apr13 = 1% = $4040
MAC in Jul13 + AI(Annual increment) in jul13= 1.5% MAC + 5% AI = $4302
MAC in Oct13 = 1% = $4345
MAC in Jan14 = 1% = $4388
Mean in a span of 1 yr from Jan2013 to Jan 2014, his salary increase from 4000 to 4388, mean ~9.7% increment in total in a year!!!
Am I correct from the above example??