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No salary increment ? ?

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Old 21-06-2012, 04:29 PM
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Default No salary increment ? ?

I joined my current company in Apr 2011 as a sales support and at the end of the year during assessment, I was not given any salary increment at all! Though the company made some profit, rather than loss.
Is this normal not to have any increment at all without any specific reason, there isnt any economic recession last year too..

and my boss said well, you will have increments from next year onwards at a rate of 2% to accomodate the inflation rate.... THAT's ALL! So no matter how long I work and how hard in this company, my pay will only increase peanuts of 2% each year...
Is this justifiable? Do you get motivated in a company that has no increments?

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Old 21-06-2012, 05:01 PM
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Quote:
Originally Posted by frascrust View Post
I joined my current company in Apr 2011 as a sales support and at the end of the year during assessment, I was not given any salary increment at all! Though the company made some profit, rather than loss.
Is this normal not to have any increment at all without any specific reason, there isnt any economic recession last year too..

and my boss said well, you will have increments from next year onwards at a rate of 2% to accomodate the inflation rate.... THAT's ALL! So no matter how long I work and how hard in this company, my pay will only increase peanuts of 2% each year...
Is this justifiable? Do you get motivated in a company that has no increments?
If u just join and say undergo probation, why shd they give you an increment? You just got confirmed?!!?

anyway, is this local company? ask your boss fly kite.

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Old 21-06-2012, 05:10 PM
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Quote:
Originally Posted by frascrust View Post
I joined my current company in Apr 2011 as a sales support and at the end of the year during assessment, I was not given any salary increment at all! Though the company made some profit, rather than loss.
Is this normal not to have any increment at all without any specific reason, there isnt any economic recession last year too..

and my boss said well, you will have increments from next year onwards at a rate of 2% to accomodate the inflation rate.... THAT's ALL! So no matter how long I work and how hard in this company, my pay will only increase peanuts of 2% each year...
Is this justifiable? Do you get motivated in a company that has no increments?
wtf 2% increment?!?!?

if you basic is $1500, 2% is $30
if you basic is $2000, 2% is $40
if you basic is $2500, 2% is $50
if you basic is $3000, 2% is $60

how long are you going to work to get 5k basic salary?!?! Retirement?

better quit and find other job, the norm annual increment is 3-5%

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Old 21-06-2012, 05:32 PM
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If it's a good learning ground to launch your career, still can consider staying.
Money is not everything.

If not, then look for another job quickly.
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Old 21-06-2012, 06:27 PM
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Originally Posted by Unregistered View Post
If it's a good learning ground to launch your career, still can consider staying.
Money is not everything.

If not, then look for another job quickly.
OR you can always stay while looking for another job. Sometimes, some of the things you do can add to portfolio/relevant industry experience.
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Old 23-06-2012, 11:13 AM
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Quote:
Originally Posted by frascrust View Post
I joined my current company in Apr 2011 as a sales support and at the end of the year during assessment, I was not given any salary increment at all! Though the company made some profit, rather than loss.
Is this normal not to have any increment at all without any specific reason, there isnt any economic recession last year too..

and my boss said well, you will have increments from next year onwards at a rate of 2% to accomodate the inflation rate.... THAT's ALL! So no matter how long I work and how hard in this company, my pay will only increase peanuts of 2% each year...
Is this justifiable? Do you get motivated in a company that has no increments?
Your boss is implictly telling you that your job scope is not part of the company core competency, does not add much commercial value. In short, you are easily replaceable by fresh ITE/diploma holders.

Since your boss has no intention to retain you on long run, there is no need to offer you any career advancement.

If the industry is of SME nature and has low startup capital, I would learn everything as much and as fast as i can about the company operations - knows its process, suppliers, customers, competitors. Take this knowledge and start your own business. I have seen many such cases of success in import/export company, small scale manufacturing, f&b, etc

If your industry is dominated by big mnc, then I would go for further studies and apply to work in the top company, and start your climb in the corporate ladder.
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Old 23-06-2012, 12:19 PM
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If the industry is of SME nature and has low startup capital, I would learn everything as much and as fast as i can about the company operations - knows its process, suppliers, customers, competitors. Take this knowledge and start your own business. I have seen many such cases of success in import/export company, small scale manufacturing, f&b, etc
I fully agree with the above quote.
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