Salary Increment Rate - Page 3 - 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




Salary Increment Rate

Reply
 
Thread Tools
  #21 (permalink)  
Old 13-02-2012, 11:24 AM
Unregistered
Guest
 
Posts: n/a
Default

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.

Reply With Quote
  #22 (permalink)  
Old 03-03-2012, 10:35 PM
Verified Member
 
Join Date: Sep 2011
Posts: 22
bioman is on a distinguished road
Default

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?

Reply With Quote
  #23 (permalink)  
Old 03-03-2012, 11:03 PM
Super Member
 
Join Date: Oct 2011
Posts: 309
Bean is on a distinguished road
Default

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

Reply With Quote
  #24 (permalink)  
Old 30-11-2012, 07:26 AM
Unregistered
Guest
 
Posts: n/a
Default

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?
Reply With Quote
  #25 (permalink)  
Old 30-11-2012, 09:40 AM
Super Member
 
Join Date: Dec 2011
Posts: 187
poor and stupid is on a distinguished road
Default

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!
Reply With Quote
  #26 (permalink)  
Old 30-11-2012, 10:34 AM
Unregistered
Guest
 
Posts: n/a
Default

I entered a US MNC at 2700. 3 months later 3000 after probation
Reply With Quote

  #27 (permalink)  
Old 30-11-2012, 10:42 AM
Super Member
 
Join Date: Dec 2011
Posts: 187
poor and stupid is on a distinguished road
Default

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 ?
Reply With Quote
  #28 (permalink)  
Old 30-11-2012, 05:12 PM
Unregistered
Guest
 
Posts: n/a
Default

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)
Reply With Quote
  #29 (permalink)  
Old 03-12-2012, 01:35 PM
Unregistered
Guest
 
Posts: n/a
Default

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?
Reply With Quote
  #30 (permalink)  
Old 03-12-2012, 05:03 PM
Unregistered
Guest
 
Posts: n/a
Default

Always jump min to ask for 30%
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


Similar Threads
Thread Thread Starter Forum Replies Last Post
Q: Big4 - Yearly salary increment ricardo Income and Jobs 879 03-04-2020 11:02 AM
Yearly increment Button Income and Jobs 29 06-01-2018 09:43 PM
Annual Increment 1nch3r Income and Jobs 0 12-11-2010 12:36 AM
Can your Increment beat Inflation? Salary.sg Investments and Net Worth 9 24-04-2008 03:37 PM
Salary Increment to be 5.2% Salary.sg Income and Jobs 0 25-09-2007 12:55 PM

» 30 Recent Threads
Compare civil service salary ( 1 2 3... Last Page)
9,170 Replies, 5,292,923 Views
Local Uni Class of 2020 - COVID19... ( 1 2 3... Last Page)
52 Replies, 7,705 Views
How is life as a doctor in... ( 1 2 3... Last Page)
1,081 Replies, 845,618 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
1,847 Replies, 870,398 Views
What are your Job benefits ( 1 2)
15 Replies, 7,070 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
2,712 Replies, 1,016,109 Views
Career as Teacher ( 1 2 3... Last Page)
2,435 Replies, 1,487,847 Views
Lawyer Salary ( 1 2 3... Last Page)
5,012 Replies, 2,193,592 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
1,582 Replies, 1,228,763 Views
Casino Regulatory Authority
1 Replies, 4,370 Views
Relocating to Singapore, is... ( 1 2 3)
28 Replies, 29,300 Views
Summer Internships 2020 ( 1 2 3... Last Page)
39 Replies, 1,895 Views
Job offer from Apple ( 1 2 3... Last Page)
428 Replies, 72,497 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
879 Replies, 718,103 Views
MAS : Mid Career Professionals ( 1 2 3... Last Page)
123 Replies, 95,730 Views
Life as a ICA Senior Officer ( 1 2 3... Last Page)
104 Replies, 121,560 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
2,977 Replies, 1,802,677 Views
Chevron COBRA assesment, please... ( 1 2)
18 Replies, 48,963 Views
Marsh Graduate Development Program ( 1 2)
15 Replies, 1,370 Views
How much are you earning per annum? ( 1 2 3... Last Page)
11,867 Replies, 3,649,125 Views
SPF (Direct-Entry Inspector) ( 1 2)
11 Replies, 1,992 Views
OCBC Graduate Talent Programme... ( 1 2 3... Last Page)
251 Replies, 76,084 Views
Constituency Manager (People... ( 1 2 3... Last Page)
854 Replies, 430,007 Views
Fresh Grad from local U cant find... ( 1 2 3... Last Page)
40 Replies, 4,536 Views
Job Application with MOE... ( 1 2 3... Last Page)
203 Replies, 197,481 Views
What course should I undertake?
8 Replies, 3,181 Views
Big 4 firm rescind offers ( 1 2 3... Last Page)
54 Replies, 13,804 Views
Our Poll Results: 45% Fresh... ( 1 2 3)
29 Replies, 15,980 Views
What is the usual salary for...
4 Replies, 2,024 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 05:49 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2