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Salary Increment Rate

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  #21 (permalink)  
Old 13-02-2012, 11:24 AM
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Quote:
Originally Posted by Bean View Post
according to exxon

it's engineer get pay increment of 7-8% every 6 months for the 1st 2 years, mean 4 increment in 2 years.

>>3600x1.08^4 = 4897 or approx~4900
I have worked there. That is not the case.

The pay philosophy as we were told is to be in the top quartile. For 5 years experience, 4900 sounds right.

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  #22 (permalink)  
Old 03-03-2012, 10:35 PM
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I believe the following are average figures in private sector?

a) 20% increment for job switch (or promotion) every 2 years.
b) 4% increment in same job.

Thus 10 years of experience will earn you about $5.5K/month?
(Taking starting average salary to be S$2.5K/month)

Any thoughts?

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  #23 (permalink)  
Old 03-03-2012, 11:03 PM
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Quote:
Originally Posted by bioman View Post
I believe the following are average figures in private sector?

a) 20% increment for job switch (or promotion) every 2 years.
b) 4% increment in same job.

Thus 10 years of experience will earn you about $5.5K/month?
(Taking starting average salary to be S$2.5K/month)

Any thoughts?
Agree>>job switch may give you ~20% increment.

Dun not agree>>In ST Engineering, annual increment on average is ~3-4%, promotion increment on average is ~4-6%.(no such thing as +20% for promotion one), and people get promoted once every 3-4 years.

assume starting pay 3k, after 10 years with ST with 3 promotion, an engineer will get ~4.8k after 10 years with the company!!!


if you are a civil servant for 10 years average peformer, will hit between 6-7k



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  #24 (permalink)  
Old 30-11-2012, 07:26 AM
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How much increment to ask if last job was only 5 months long?

They will probably look at the previous job of longer stint period?
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  #25 (permalink)  
Old 30-11-2012, 09:40 AM
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Actually it doesnt matter, low level jobs(<3k), ask for 25% or more , middle level(<6k) ask for 15~20, if you are in sales role ask for a whopping 85% onwards.

This is provided that are jumping from a happy ship to an unknown sea, if you already not happy with ur current employment, then just go at maybe no increment?

Remember, changing job is a risk, you may lose more money even if they accepted your rate. Thus its always good to secure the minimum at best!

Note: Never quit without securing another job!!

Before you decide to change job, you should actually test market little by little, try to apply job posts with ridiculous asking pay, with job most likely you dun want to work in, then slowly lowering until you get an interview!
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  #26 (permalink)  
Old 30-11-2012, 10:34 AM
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I entered a US MNC at 2700. 3 months later 3000 after probation
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  #27 (permalink)  
Old 30-11-2012, 10:42 AM
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Quote:
Originally Posted by Unregistered View Post
I entered a US MNC at 2700. 3 months later 3000 after probation
wah that is alot, i am assuming either sales line/O&G/B&F ?
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  #28 (permalink)  
Old 30-11-2012, 05:12 PM
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My starting pay as an engineer is $2,400 (SME)
Confirmation got me additional $100.
Still very low as compared to my peers.

Close to 3 working years in the same industry.

One annual increment of 3.75%
One promotion increment of 16%
One job change increment of 23% (MNC)
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  #29 (permalink)  
Old 03-12-2012, 01:35 PM
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I think jumping to competitors can ask for more,

I tried once 2 yrs back and they willing to offer me 23% more annual package..

so stay with pte unless your stat boards got competitors?
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  #30 (permalink)  
Old 03-12-2012, 05:03 PM
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Always jump min to ask for 30%
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