How much pay cut should i take? - Salary.sg Forums
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




How much pay cut should i take?

Reply
 
Thread Tools
  #1 (permalink)  
Old 05-12-2019, 08:56 PM
Junior Member
 
Join Date: Dec 2019
Posts: 4
Forever is on a distinguished road
Default How much pay cut should i take?

I am working in analytics field for a bank. My current working environment is very stressful with unrealistic timeline and fair bit of admin work outside analytics. I got to work on average 3 hours OT daily.

I am thinking to find a better work-life balance job and am prepared to take a pay cut as i cannot maintain this in the long run. I am wondering how much pay should i ask for when i look for my next job so that i will not short change myself too much and yet not to be seen as asking for the sky?

Can any kind soul advise me on this?


Below are some info about me:

Age: 39
Basic Salary: 9900 per month
Variable Bonus: 4.5 month on average
Experience: 14 Years
Martial Status: Single

Reply With Quote
  #2 (permalink)  
Old 05-12-2019, 11:14 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Forever View Post
I am working in analytics field for a bank. My current working environment is very stressful with unrealistic timeline and fair bit of admin work outside analytics. I got to work on average 3 hours OT daily.

I am thinking to find a better work-life balance job and am prepared to take a pay cut as i cannot maintain this in the long run. I am wondering how much pay should i ask for when i look for my next job so that i will not short change myself too much and yet not to be seen as asking for the sky?

Can any kind soul advise me on this?


Below are some info about me:

Age: 39
Basic Salary: 9900 per month
Variable Bonus: 4.5 month on average
Experience: 14 Years
Martial Status: Single
i just replied to you in the other thread. I am 37.
i am earning $6400 per month, with 5 to 5.5 month bonus.

What was your age when you earned $6400 or so?

Reply With Quote
  #3 (permalink)  
Old 05-12-2019, 11:50 PM
Junior Member
 
Join Date: Dec 2019
Posts: 4
Forever is on a distinguished road
Default

Quote:
Originally Posted by Unregistered View Post
i just replied to you in the other thread. I am 37.
i am earning $6400 per month, with 5 to 5.5 month bonus.

What was your age when you earned $6400 or so?
35.....u got high bonus!

Reply With Quote
  #4 (permalink)  
Old 06-12-2019, 02:06 AM
Unregistered
Guest
 
Posts: n/a
Default

i would advise u to hang on to your job for as long as possible.

reasons being:

-ur close to 40, the age where most PMETs would find it difficult to have job stability or face the axe

-after getting axed, most of them drive grab or do some skill-less sh1t that doesnt add anything to their resume. heck, i'll even say most of them have trouble finding full-time jobs even after asking for 50% lower than their last drawn salary

-your mid-30s to mid-40s is the most valuable time of your working career, because it's the time where u earn peak salary

-EVEN if u found a job after resigning from your current job, is there any guarantee that it won't be as stressful as your current job?

-your salary is very commendable. u could just build a FIRE (financially independent retire early) portfolio if u know what that is

all the pte sector coys i've been to, i've not seen a coy that has more than 1 to 2 employees who are 50yo or older. that shows u how prevalent ageism and age discrimination is when it comes to finding a job in SG.
Reply With Quote
  #5 (permalink)  
Old 06-12-2019, 09:30 AM
Unregistered
Guest
 
Posts: n/a
Default

Join civil service or stat boards if you want to relax, but pay might not be as attractive.

Private sector is for competitive type.
Reply With Quote
  #6 (permalink)  
Old 06-12-2019, 09:43 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Join civil service or stat boards if you want to relax, but pay might not be as attractive.

Private sector is for competitive type.
pls choose wisely also if you decide to join CS or stat board, cos not all are relax.. some post might be worse then ur current job.. choose wisely...
Reply With Quote

  #7 (permalink)  
Old 06-12-2019, 09:54 AM
Unregistered
Guest
 
Posts: n/a
Default

Consider Govtech, they might match what you are getting. People I know who moved from IBM, SAP, didn't get paycut.
Reply With Quote
  #8 (permalink)  
Old 06-12-2019, 10:05 AM
Unregistered
Guest
 
Posts: n/a
Default

TBH I don't think you should be looking for a pay cut.

If anything you should look for a more senior role with higher pay but more management work and less ground work. As others have said, you will be 40s soon so why not look into more senior positions?
Reply With Quote
  #9 (permalink)  
Old 09-12-2019, 04:54 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
pls choose wisely also if you decide to join CS or stat board, cos not all are relax.. some post might be worse then ur current job.. choose wisely...
I agree. I once took a significant paycut and joined a cs/stat board, hoping to escape the long hours of OT in my previous job despite the new work not being of my interest. I ended up worst than before, and I became extremely unhappy. I suggest you have a chat with your current boss with regards to your excessive long work hours. I believe with the amount of experience you have with them, they are also unwilling to lose you. Hopefully you can work something out.
Reply With Quote
  #10 (permalink)  
Old 10-12-2019, 08:28 AM
Unregistered
Guest
 
Posts: n/a
Default

Was wondering about your colleagues/team members
Are you in a team? Understand that you are single

Are you helping to cover those with families?
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


» 30 Recent Threads
Lawyer Salary ( 1 2 3... Last Page)
15,506 Replies, 5,322,453 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
5,038 Replies, 1,666,958 Views
ST Electronics ( 1 2 3... Last Page)
2,476 Replies, 686,548 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
4,491 Replies, 2,753,129 Views
High Finance Thread ( 1 2 3... Last Page)
437 Replies, 141,831 Views
GovTech ( 1 2 3... Last Page)
1,464 Replies, 461,060 Views
Career as Teacher ( 1 2 3... Last Page)
4,320 Replies, 2,800,790 Views
Compare civil service salary ( 1 2 3... Last Page)
13,296 Replies, 7,862,884 Views
UOB Management Associate Program ( 1 2 3... Last Page)
626 Replies, 325,087 Views
Whats your net worth ( 1 2 3... Last Page)
2,886 Replies, 1,005,086 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
761 Replies, 369,173 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
192 Replies, 73,679 Views
How rich/poor am I compared to... ( 1 2 3... Last Page)
102 Replies, 91,107 Views
How is life as a doctor in... ( 1 2 3... Last Page)
3,446 Replies, 1,609,502 Views
If you can't find a company here... ( 1 2 3... Last Page)
49 Replies, 6,402 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
871 Replies, 267,083 Views
JP Morgan ( 1 2 3... Last Page)
112 Replies, 71,529 Views
OCBC Bank
1 Replies, 76 Views
Mizuho Securities
0 Replies, 44 Views
Mizuho Financial Group
0 Replies, 37 Views
Jeppesen
0 Replies, 24 Views
Boeing
0 Replies, 30 Views
Vital Limited
0 Replies, 40 Views
PMO (Prime Minister's Office...
0 Replies, 72 Views
Amazon
0 Replies, 38 Views
PayPal
0 Replies, 42 Views
Htx ( 1 2 3... Last Page)
56 Replies, 6,994 Views
CSA (Cyber Security Agency) ( 1 2 3... Last Page)
371 Replies, 131,359 Views
Banks' Pay and Bonuses ( 1 2 3... Last Page)
452 Replies, 200,407 Views
Endowus/Stashaway
0 Replies, 95 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 04:13 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2