Quote:
Originally Posted by Unregistered
When a potential employer determines a candidate's salary, will he only take the basic pay into consideration or fixed allowances as well?
For eg. A bank ops analyst who works the London shift gets $3k basic and $1k fixed allowance per mth and receives 5 mths bonus for the year.
When he subsequently interviews with another bank to do normal hours (9-6pm type), will the new employer consider the candidate's last drawn as $4k and offer him a pay above $4k, or will the employer ignore the $1k allowance and offer the candidate a % above $3k?
HR will not take the 5 mths bonus into consideration rite? Since it's variable and not a sales position.
Any experts to share?
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You should consider current your annual salary package(including stock option if any) when asking for new salary.
base on your info, your current annual salary = 3000 x (12 + 5) + (1000 x 12) = $63000/ annum.
1. you should ask your new company that you want to join who many months of bonus on average are they giving out per year. Let say they only give 3 months.
2. if they only give 3 months bonus mean annual package = 15 months salary
3. use your current annual salary / 15 = $4200/month, mean you have to have a basic salary of $4200/mth in order to be on par with your current annual salary, provided you dun intend to increase your annual salary upon jumping ship.
4. if you intend to increase your basic pay when you jump ship, let say by 10%, then you should as for $4200 x 1.1 = $4620/mth as your basic. Mean your new annual salary = 4620 x 15 = $69300