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Is your Starting Salary for fresh Graduate Important?

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  #11 (permalink)  
Old 13-03-2013, 02:29 PM
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Quote:
Originally Posted by Unregistered View Post
1 sentence to end all arguments:

If starting salary does not matter, then why people ask for your previously drawn pay?
Nobody mention that starting salary does not matter. You can't look at it from one

perspective. There are many things that can affect your pay throughout your work period.

Promotion rate & Promotion increment / Confirmation increment / Relevant Experience and

knowledge to be brought over for new position.

One may get promoted in one or two year time with 10-15% increment and change job

with 15%-25% pay increment. While the other with higher starting pay who is working for

a MNC and got promoted only after two / three years or even longer.

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  #12 (permalink)  
Old 13-03-2013, 03:19 PM
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Quote:
Originally Posted by Unregistered View Post
1 sentence to end all arguments:

If starting salary does not matter, then why people ask for your previously drawn pay?
It does matter but it is not everything. In the long run it is how high you can rise that matters and things like these are typically decided based on your performance in the initial years after starting. I believe in most organizations, the senior management will selectively pick good candidates which they groom for high posts.

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  #13 (permalink)  
Old 13-03-2013, 11:02 PM
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of course its important but its not everything. you have to consider annual increment and exit opportunities as well. look at signing on, you can command a very healthy starting salary of almost 5k if you get good honours, but the increment is like kachang puteh and the exit ops are quite limited.

compare to the big 4, starting pay is 2.8k only but salary can rise relatively fast and exit ops are much wider.

moral of the story: salary is important but not everything. don't be blind like some dumb dogs who keep saying "THEN WHY HR ASK FOR LAST DRAWN SALARY". employers are as concerned about what skills you gained from your previous jobs as how much they might need to pay you.

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Old 14-03-2013, 12:29 PM
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Quote:
Originally Posted by dupdupdup View Post
Is your Starting Salary for fresh Graduate Important? This is with regards to private sector.

Should you go for a job that has low pay but good opportunities? When you Job hop they offer you a salary based on your previous pay. So this will be hugely affected right?

Thanks!
which industry are we talking about here?

If you are looking at corporate sales positions, usually the reward or commission package is very important. plus other incentives and benefits.
Some companies would give sales reps company cars, company mobile phones, reimbursement for business entertainment expenses.
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Old 22-03-2013, 12:12 AM
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Quote:
Originally Posted by sdh1234 View Post
which industry are we talking about here?

If you are looking at corporate sales positions, usually the reward or commission package is very important. plus other incentives and benefits.
Some companies would give sales reps company cars, company mobile phones, reimbursement for business entertainment expenses.
I am actually looking at IT Security.
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  #16 (permalink)  
Old 22-03-2013, 02:13 AM
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It isn't the most important factor but it is significant. Definitely isnt as significant as what most final year students feel it is though
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Old 22-03-2013, 10:08 AM
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of course its important but its not everything. you have to consider annual increment and exit opportunities as well. look at signing on, you can command a very healthy starting salary of almost 5k if you get good honours, but the increment is like kachang puteh and the exit ops are quite limited.

compare to the big 4, starting pay is 2.8k only but salary can rise relatively fast and exit ops are much wider.

moral of the story: salary is important but not everything. don't be blind like some dumb dogs who keep saying "THEN WHY HR ASK FOR LAST DRAWN SALARY". employers are as concerned about what skills you gained from your previous jobs as how much they might need to pay you.
Not sure what you are trying to do, but if you are trying to dupe the fresh grads to start low with the "promise" of "better prospect" in the "future", you are doing alright.

Low pay and High pay only determines during the interview(get hired a not), after that, its a linear equation.

Example both worker equal work performance:

A starts : 2500
B starts : 3000

yearly increment 10% for grade A employees... after 3 years

A = 3327
B = 3993

you can see even if both workers have the same work output, because B starts with a higher pay, he earns $21515 more AT LEAST.

If A wants to resign, he will most likely get a re-offer, to a level which will at least match B - 10%. So next time you get re-offer, YOU KNOW WHY!!
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Old 22-03-2013, 10:20 AM
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Quote:
Originally Posted by dupdupdup View Post
I am actually looking at IT Security.
Median annual income by years of experience:
Less than 1 yr: $26K
1 to 4 yrs: $36K to $38K
5 to 9 yrs: $55K to $60K
10 to 19 yrs: $85K to $90K
20yrs and more: $140K to $180K

Median annual income by IT companies:
HP: $18K to $150K
IBM: $20K to $122K
NCS: $20K to $95K
Dell: $13K to $106K
EMC: $40K to $400K
Cisco: $80K to $200K
IDA Singapore: $50K to $80K
Microsoft: $40K to $123K

Median Annual Income by position:
Project Manager, Information Technology (IT) S$79,024
Sr. Software Engineer / Developer / Programmer S$48,768
Information Technology (IT) Consultant S$48,654
Software Engineer S$40,371
SAP Consultant S$62,086
Network Engineer S$36,422
Senior Software Engineer S$51,675

source: Information Technology (IT) Services Industry Salary, Average Salaries | PayScale Singapore

this website will give you a general guideline about the income for the IT industry
you can sort by Degree, by job scope, by certifications, by work experience

take note the number of IT professional certs and the type of IT certs you have will also directly affect your salary, especially if you are working in big IT companies like Microsoft, IBM, Mcfee, Norton, Cisco
and even banks like DBS, ANZ, Citibank etc

citing an example of my secondary school classmate: he graduated with Higher NITEC in IT, lucky to land a job as Junior IT technician with a private european bank about 7 yrs ago after he completed NS.
starting pay was about $1.8K. Thru the yrs, he went for many IT certification courses, like UNIX, LINUX, MSCE etc went for Poly Diploma study, went for Bsc studies
and of course throughout the years he was promoted from junior to Senior to Supervisor and now IT manager and drawing a monthly pay of about $6K, excluding car, handphone etc.
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  #19 (permalink)  
Old 22-03-2013, 10:33 AM
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it's not where you start, it's how you end. The Journey.

I started my job at 2900 few months ago.. after probation is 3100.

Fresh grad
government or private? Local U or private?
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  #20 (permalink)  
Old 22-03-2013, 11:22 AM
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Quote:
Originally Posted by Unregistered View Post
government or private? Local U or private?
local uni, in private = about there
priv uni, in private = over paid
local uni, gov = too f**king little
priv uni, gov = impossible!

a lot of other factors affects too, like your surname, and face?
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