Salary Increment Rate

he's one of the many high flyers in this forum

Anyone in Hotel IT dept? How is the bonus & increment?

been working for slightly over 1 1/2 yrs so far, graduated from local uni with 2:1

first job which i left after 6 months = 3200

current job:
first 6 months = 4000 (trainee)
next 7 months = 4400
current = 4700 (after increment)

i personally think it's a bit on the high side - which means i will probably have to take a pay cut if i do switch again... would 3800 be a reasonable figure given my profile?

Originally Posted by Unregistered

been working for slightly over 1 1/2 yrs so far, graduated from local uni with 2:1

first job which i left after 6 months = 3200

current job:
first 6 months = 4000 (trainee)
next 7 months = 4400
current = 4700 (after increment)

i personally think it's a bit on the high side - which means i will probably have to take a pay cut if i do switch again... would 3800 be a reasonable figure given my profile?

Yes 3800 sounds reasonable before, but in the current market you will be surprised if most companies are offering lower. I have friends with Honours getting way lower than that with a couple of years of experience. However, no harm to ask for 3800 and see what they return with! Good luck!

Originally Posted by Unregistered

I've been in the O&G industry for 5+ years now. My increment had been averaging 16% a year so far.

Right.. How many got laid off this year and last in O&G? Time to save up dude.

Originally Posted by Unregistered

Right.. How many got laid off this year and last in O&G? Time to save up dude.

Maybe in upstream where the crude oil exploration works are, but Singapore's O&G is mainly in the downstream sectors (refineries, chemicals etc). Downstream is making quite a bit of money because of the low crude oil price.

Originally Posted by Unregistered

Right.. How many got laid off this year and last in O&G? Time to save up dude.

bro/sis, you obviously don't work in O&G...only people like you with minimal knowledge about O&G will have such an impression and make such a statement....do you know there is upstream and downstream? not all in the section is involved in oil exploration and building rigs...so....not all will be hit and in fact some will thrive during this period....

Originally Posted by Unregistered

I don't think it's high.

32yo, male, currently 7.4k pm, last year 150k pa, first job after grad too. I don't think mine is high either.

hello I am into my 7yr 3mth job with only 75000/year, age 34, ntu 2.2 with NS

like that am i in deep sh1t?

How much is the
-annual increment (in %)
-promotion increment (in %)

for singapore power ?

I am 47 this year, worked for 23yrs. Current annual pay 102,000,same company since 2002. Since 12 years ago, realised increment rate low and probably won't have vast opportunity to rise up at career, there being many competent and young aspiring colleagues. So, I started to spend more time and effort building up my savings generating higher than the average traditional rate of returns. From 2011, I stopped saving in banks altogether. In mid-2007, I began to earn rental interest by pulling resources with my friend to buy one private apartment(I also managed to get a small overseas apartment in 2013 with the same friend. It had been paying us 6% rental since Jan 2014). Today my ROI is approx $120,000-equitable to my salary. I knew that career wise I won't be as capable as my cohort who would probably be earning high income. With my alternative investment plan, however, I feel just as grateful to enjoy substantial income. My stand, don't rely on your pay-it is "limited", work your pay hard and at same time, don't have to "compete" unnecessarily nor stress yourselves at work. (Knowing and accepting that others are better than us).