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07-02-2011, 02:11 AM
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Verified Member
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Join Date: Feb 2011
Posts: 15
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Salary Tools and Information
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07-02-2011, 03:12 AM
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Verified Member
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Join Date: Feb 2011
Posts: 15
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Forgot GlassDoor. The salary figures are posted anonymously by employees.
Here we are seeing rather sane salary figures being posted, even for big name MNCs
Glassdoor Singapore
There's also Vault.com, similar concept to glassdoor though I'm not sure if they have substantial data on Singapore
Vault.com
Last edited by mugster; 07-02-2011 at 03:15 AM.
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07-02-2011, 04:06 AM
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Verified Member
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Join Date: Feb 2011
Posts: 15
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Notes on using Salary.sg salary benchmark
Benchmark Your Monthly Pay By Age & Gender 2010 | Salary.sg - Your Salary in Singapore
For example, your situation is as follows
Gender: Male
Age: 35
Monthly Gross Salary: 8000
Keying in the above makes you top 16.7% (83.3 percentile) of your cohort
However, say you are a degree holder with 10 years experience.
If you want to compare apples to apples, you should come up with a baseline salary. ie. Say you figure other degree holders with 10 years experience should be making a minimum of 4500 monthly gross.
Keying in $4500, male, age 35 gives top 43.1% (56.9 percentile) of cohort
So, your more realistic standing amongst peers is (83.3-56.9)/(100-56.9) * 100 = 61.3 percentile or top 38.7% of your cohort
Similarly, you can apply a ceiling to your comparison if you so desire.
But note that due to lack of data points in MOM's data, you cannot get a accurate reading if you are at the top end of the salary scale. Try keying in some test figures into the salary benchmark tool. For example, for a male at age 35, the results remain the same at $10000 gross monthly and above, which means there's no data for your comparison if you are making above $10K. You just know you are around the top 10% of your cohort.
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07-02-2011, 11:28 AM
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mugster, are you related to any of the firms in the links you posted?
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08-02-2011, 11:37 PM
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Well done! You summarized most of them here. I used to just go to jobstreet for salary info. Now with your recommendations, I can get a better picture!
Thank you!!!!
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