Typical salary increment - 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




Typical salary increment

 Citibank Cash Back Card - up to $350 cash back* - Click to Apply Now 
Reply
 
Thread Tools
  #1 (permalink)  
Old 31-05-2013, 06:34 PM
Junior Member
 
Join Date: May 2013
Posts: 1
NewRat is on a distinguished road
Default Typical salary increment

Hi all... fresh grad, gonna be joining the rat race in July.

Would just like to ask if anyone could share what's the average yearly salary increment % that people in lower level roles usually get at MNCs? What about for promotions (with added responsibilities)? How about moving to another company?

I know it's dependent on the industry, job role, company etc. but what's the norm?
I heard it's around 5-10% for yearly increment, 10-15% for job promotions, and 15-20% for a change of company. Is this accurate enough?

Reply With Quote
  #2 (permalink)  
Old 31-05-2013, 07:21 PM
Unregistered
Guest
 
Posts: n/a
Default

Yes, it is pretty accurate, based on my personal experience in both the private and public sector.

Quote:
Originally Posted by NewRat View Post
Hi all... fresh grad, gonna be joining the rat race in July.

Would just like to ask if anyone could share what's the average yearly salary increment % that people in lower level roles usually get at MNCs? What about for promotions (with added responsibilities)? How about moving to another company?

I know it's dependent on the industry, job role, company etc. but what's the norm?
I heard it's around 5-10% for yearly increment, 10-15% for job promotions, and 15-20% for a change of company. Is this accurate enough?


Reply With Quote
  #3 (permalink)  
Old 01-06-2013, 12:56 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by NewRat View Post
Hi all... fresh grad, gonna be joining the rat race in July.

Would just like to ask if anyone could share what's the average yearly salary increment % that people in lower level roles usually get at MNCs? What about for promotions (with added responsibilities)? How about moving to another company?

I know it's dependent on the industry, job role, company etc. but what's the norm?
I heard it's around 5-10% for yearly increment, 10-15% for job promotions, and 15-20% for a change of company. Is this accurate enough?
I ever had an increment of more than 25% for promotion. It is more of a retention strategy by my company.

Reply With Quote
  #4 (permalink)  
Old 03-06-2013, 10:35 PM
Unregistered
Guest
 
Posts: n/a
Default

Thanks for the inputs
Reply With Quote
  #5 (permalink)  
Old 04-06-2013, 10:31 AM
Unregistered
Guest
 
Posts: n/a
Default

increments are generally 1-5% lol. Unless your pay is really low then maybe 5%. And these figures are from bank increments. Last year's increment was 3% exactly.
Reply With Quote
  #6 (permalink)  
Old 04-06-2013, 10:54 AM
Unregistered
Guest
 
Posts: n/a
Default

In the civil service, (merit) increments are usually 5-8%. Market Adjustments are 5% - 10%.

Quote:
Originally Posted by Unregistered View Post
increments are generally 1-5% lol. Unless your pay is really low then maybe 5%. And these figures are from bank increments. Last year's increment was 3% exactly.
Reply With Quote

  #7 (permalink)  
Old 04-06-2013, 04:50 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
In the civil service, (merit) increments are usually 5-8%. Market Adjustments are 5% - 10%.
No way merit increment is 5-8% every year. Mathematically that will mean for an average deg grad without any promotion will hit $5.3k-$7k in 10 years. Add in the customary 2-3 promotions means an average civil servant will get anywhere from $6.5k to $9k within 10 years. Doesnt reflect reality at all.
Reply With Quote
  #8 (permalink)  
Old 04-06-2013, 07:26 PM
Unregistered
Guest
 
Posts: n/a
Default

eh...i work in a Ministry. I know what I am talking about.

Quote:
Originally Posted by Unregistered View Post
No way merit increment is 5-8% every year. Mathematically that will mean for an average deg grad without any promotion will hit $5.3k-$7k in 10 years. Add in the customary 2-3 promotions means an average civil servant will get anywhere from $6.5k to $9k within 10 years. Doesnt reflect reality at all.
Reply With Quote
  #9 (permalink)  
Old 05-06-2013, 10:24 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
eh...i work in a Ministry. I know what I am talking about.
Nope you dont.

Base on the rates you quote, many will end up near 10k in 10 years. This is a mathematical fact that can be calculated using excel. This is not what is observed in real life.

How do you explain that instead of just claiming you work in a Ministry? I also work in a Ministry before 3 years ago and I never see 5-8% of consecutive merit increment every year.
Reply With Quote
  #10 (permalink)  
Old 05-06-2013, 10:52 AM
Unregistered
Guest
 
Posts: n/a
Default

I work in a Ministry with uniformed group and I am in the MX scheme. Yes, the 5-8% is rather accurate. I was getting increments of $204, $27X when I was a MX 12 and as a MX11 $300 to $400+ (for C+ and B grades)

Quote:
Originally Posted by Unregistered View Post
No way merit increment is 5-8% every year. Mathematically that will mean for an average deg grad without any promotion will hit $5.3k-$7k in 10 years. Add in the customary 2-3 promotions means an average civil servant will get anywhere from $6.5k to $9k within 10 years. Doesnt reflect reality at all.
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 1010 Today 09:13 AM
Salary Increment Rate uturn Income and Jobs 166 25-02-2020 11:21 PM
Statutory Board Salary/Increment/Bonus MaximusPrime Income and Jobs 90 29-05-2017 10:31 AM
No salary increment ? ? frascrust Income and Jobs 6 23-06-2012 12:19 PM
Salary Increment to be 5.2% Salary.sg Income and Jobs 0 25-09-2007 12:55 PM

» 30 Recent Threads
Career as Teacher ( 1 2 3... Last Page)
2,828 Replies, 1,704,679 Views
DBS Graduate Associate Program ( 1 2 3... Last Page)
725 Replies, 362,621 Views
Big Four Promotion/Bonus/Incr... ( 1 2 3)
28 Replies, 5,364 Views
Passive income ideas? ( 1 2 3)
23 Replies, 16,462 Views
How is life as a doctor in... ( 1 2 3... Last Page)
1,380 Replies, 952,580 Views
Anyone applied to MTI before as... ( 1 2 3)
23 Replies, 1,674 Views
Roles in accenture singapore ( 1 2 3... Last Page)
402 Replies, 262,433 Views
Dsta ( 1 2 3... Last Page)
825 Replies, 560,203 Views
What is typical RSU and sign on?
4 Replies, 316 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
2,524 Replies, 1,073,439 Views
Ntu sociology degree ( 1 2 3... Last Page)
59 Replies, 48,310 Views
How much to ask for starting pay... ( 1 2 3... Last Page)
87 Replies, 7,500 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
1,010 Replies, 793,506 Views
MAS : Mid Career Professionals ( 1 2 3... Last Page)
219 Replies, 129,859 Views
How to properly manage the income?
4 Replies, 287 Views
ST Electronics ( 1 2 3... Last Page)
782 Replies, 236,565 Views
How much does a nurse earn ? ( 1 2)
11 Replies, 20,635 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
122 Replies, 29,174 Views
MFA- Foreign Service... ( 1 2)
19 Replies, 2,653 Views
DBS Strategic Advisory
0 Replies, 113 Views
Lawyer Salary ( 1 2 3... Last Page)
8,983 Replies, 2,922,349 Views
How much are you earning per annum? ( 1 2 3... Last Page)
11,996 Replies, 3,806,461 Views
Aircraft Maintenance License and... ( 1 2 3... Last Page)
641 Replies, 467,317 Views
How to know you are not fit for...
6 Replies, 781 Views
Software developers salary outlier ( 1 2)
11 Replies, 2,055 Views
anyone working at NCS ? ( 1 2 3... Last Page)
415 Replies, 306,598 Views
How to avoid giving pass salary...
8 Replies, 700 Views
Job Application with MOE... ( 1 2 3... Last Page)
219 Replies, 216,539 Views
Compare civil service salary ( 1 2 3... Last Page)
10,577 Replies, 5,807,803 Views
Whats your net worth ( 1 2 3... Last Page)
2,759 Replies, 819,272 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 10:42 PM.


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