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11-08-2015, 07:05 PM
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Within the "25 - 29" age group, your gross monthly pay of $6,250
places you at the 94.3th percentile among both genders.
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11-08-2015, 07:59 PM
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Quote:
Originally Posted by admin
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Dear admin,
I think the female data is wrong... You can try input $6000 for various age groups and you will get ridiculous answers. I know it is ridiculous cos I have used your benchmarking tool for me and my wife before...
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11-08-2015, 09:23 PM
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Administrator
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Join Date: Jun 2009
Posts: 281
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Quote:
Originally Posted by Unregistered
Dear admin,
I think the female data is wrong... You can try input $6000 for various age groups and you will get ridiculous answers. I know it is ridiculous cos I have used your benchmarking tool for me and my wife before...
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Hi, thanks for reporting the issue. We have fixed it. Please check and let us know if the answers are still ridiculous.
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11-08-2015, 10:13 PM
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Within the "15 - 24" age group, your gross monthly pay of $550
places you at the 15.6th percentile among males.
You are in the bottom 15.6% of your cohort.
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11-08-2015, 10:22 PM
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Within the "25 - 29" age group, your gross monthly pay of $8,700
places you at the 98.4th percentile among males.
You are in the top 1.6% of your cohort.
Unfortunate not to be in the top one percent. But its ok, still have a good 3 years to reach my target...
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11-08-2015, 10:45 PM
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Hi Admin,
The resolution is too coarse. I checked the benchmark for the 50-54 age group (my cohort) and found that any income $12k pm (gross divided by 12) and above is not differentiated. All are lumped under top 8.5%.
A 54 yo guy earns $9k pm with 13th month and 3 months bonus is quite far behind another who earns $15k pm with 13th month and 3 months bonus. Both may be top 8.5% but the first guy will be struggling to maintain a family of 4 (wife is housewife) and kids going into Uni.
Quote:
Originally Posted by admin
Hi, thanks for reporting the issue. We have fixed it. Please check and let us know if the answers are still ridiculous.
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11-08-2015, 10:54 PM
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Quote:
Originally Posted by Unregistered
Hi Admin,
The resolution is too coarse. I checked the benchmark for the 50-54 age group (my cohort) and found that any income $12k pm (gross divided by 12) and above is not differentiated. All are lumped under top 8.5%.
A 54 yo guy earns $9k pm with 13th month and 3 months bonus is quite far behind another who earns $15k pm with 13th month and 3 months bonus. Both may be top 8.5% but the first guy will be struggling to maintain a family of 4 (wife is housewife) and kids going into Uni.
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Hi, thanks for reporting the issue. We will look into the matter ASAP.
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11-08-2015, 11:15 PM
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Quote:
Originally Posted by Unregistered
Hi, thanks for reporting the issue. We will look into the matter ASAP.
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Hi Admin,
Thanks for the swift reply. Please look into it.
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12-08-2015, 09:35 AM
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Administrator
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Join Date: Jun 2009
Posts: 281
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The reason is that the data points only go up to 12k. You may use other comparison tools to do further benchmarking (but each has its pros and cons), e.g. this one:
Compare Your Annual Income 2014 | Salary.sg - Your Salary in Singapore
(Btw, one of the posts above posing as admin wasn't written by me. The one ending with "ASAP".)
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Benchmark Your Monthly Pay By Age & Gender 2015
