Morgan McKinley Salary Guide 2015
Public service announcement:
http://www.morganmckinley.com.sg/sit...ide%202015.pdf The salaries mentioned here seems more realistic that what I see in this forum. We should be talking in annual salary package terms, not monthly salary which is subjective. |
Salary Guide
Thank you, always interesting and a good guide. Wonder what other readers make of this guide compared to their own companies. I am in a large company and I find it quite accurate.
|
Quote:
|
A few more 2015 salary guides:
://hudson.sg/salary-guide ://.hays.com.sg/salary-guide/ s://.reedglobal.com/en_SG/web/reedsg/salary-guides ://.robertwalters.com.sg/career-advice/salary-survey.html ://.roberthalf.com.sg/salary-guide |
the entire guide is mainly on finance and banking jobs.... any other more comprehensive guides out there?
|
Quote:
Yes I am wondering the same thing as I was looking for some guide in logistics industry |
look at the Hudson and Hays ones.
|
Generally all these free guides provided by recruitment agencies are not accurate as they mainly rely on job titles and years of exp which dont really mean much. Some of the range is so wide almost anyone can fit in. For e.g. IT Manger with 6-8 years exp with range of 60 - 110k. Come on virtually any PME job with that kind of exp is within such a big range. Tells you nothing.
My HR friends laugh at all these marketing materials whenever I mention, they told me the only way to get real and accurate data to know how much your job is worth is to buy proper reports from proper management consutancies. |
free guides
Yes the above is a good response. Companies like Hays etc publish these free guides but the range is so wide that it is virtually telling you nothing if you are hiring. If you conducting your own comparison then I guess you can tell where you are on the scale. Really difficult if you need info to negotiate on this data as you may be completely off the mark.
|
Main problem is job naming. For e.g. some companies you can be a "manager" with just 40k while in others a manager can be 400k esp if regional or global responsibilities.
If you just leave school or first 2 years of working, no. of years working can still be good proxy. But for mid careers the progression will be so diverse that you just going to get a meaningless "average" or a very wide range like in the guides. |
Quote:
Given the range you can benchmark yourself. Are you median? 80th percentile? Underpaid? |
Quote:
it is very easy to criticize but put it this way, if you were the one compiling the report, how would you present the info given the different titling conventions? |
Quote:
These free reports are nothing much than a jr recruitment agent grouping a bunch of job titles that sound the same together and then just seeing whats the max & min they see from their own exp and say that's the range. Don't belive me try to negotiate with any HR from an established company based on all these free pdfs and see how many companies will entertain you. |
Quote:
Also the fact that you think you can benchmark median or 80th percentile just by reading off a range in a job strongly indicates you don't have basic statstics and benchmarking understanding. You are better off not reading these reports. I meant that in a serious sense, not trying to be denegrating or smug or anything. |
Quote:
Actually I think it is more likely that they gather these statistics from job seekers when they ask your current salary, etc. |
Quote:
I know I come off sounding bitter like got axe to grind with them, this is because I was involved in doing such a report for a famous MNC recruitment agency 2 years ago and saw the blatant disregard to data and analysis integrity. Anyone who has some statistics or pricing background will bulk at the kind of primary school way they do the thing. The whole report is a marketing compaign meant to pyscho people to leave their jobs (professionally in the industry we call it "warming the market") and more importantly to generate press release so that hopefully they can get interviews in news channels, radio shows, business forums etc. The whole methodology is just so flawed & childish that there is no way a layman job seeker can get anything meaningful out of it other than a general sense that you can get "higher pay somewhere else". |
Quote:
|
All times are GMT +8. The time now is 07:19 AM. |
Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2