Compare your annual salary (2008)

i feel so lowly paid.

35 this yr. 6k/mth only.

Well, salaries are justified by the contributions (e.g. sales generated, or worth of portfolios managed) by the individual to the company/university.

For the teacher to be paid 100K, its believable if there is significant contribution to the scientific committee as this will in turn raise the school ranking (e.g. papers published).

For junior staffs earning 100K plus doing normal work, you have to ask urself if this person is worth paying that much? Can you hire 2 more person doing the same job? Well unless he is managing a significant portfolio of clients or doing serious work, which is not basic btw.

Thus rule of thumb is if your work does not justify the contribution you give to the company why will the company pay you so much? The org structure of companies these days (MNCs) are structured in a way that nobody is indispensable. Even the president can be replaced by a vice president.

If i am a sales person bring 200K sales per quarter, I can ask for 100K - 200K gross per year as hiring me based on my track record will ensure 800K plus minus 300K of profits to the company.

If i am doing basic stuffs, do you think I will be paid that much? Most prob I will be on the list of staff to be retrenched for getting such obscene pay.

bottom line is to put urself in the bosses shoe. But thats what I think imho.

Trust me, there are MANY people who are VERY overpaid by your rule of thumb.

Yes. Indeed.

Thats why the retrenchment. No more economy to justify such "Costs" anymore.

When times are bad. Companies have to stay LEAN. Just watch how long these MANY people lasts.

well obviously you belong to the lower echelon.. such pay is considered meagre and peanuts, and you still state that they are overpaid? come on, give yourself a break.

Hi,

I was only stating my opinion. The evidence are out there. Look at the number of retrenchments. I am not here to flame anyone. Please cool it.

If you have worked long enough, you will be able to differentiate salaries and the role the person plays to get it.

"such pay is considered meagre and peanuts" if you are able to justify it is all I am saying.

Cheers.

evidence points to the fact that companies are retrenching to improve their bottom line so that they can answer to their shareholders. but is there anything wrong with one teaching in the uni getting 6 figures? or a manager in a bank getting 6 figures? is 6 figures is not a lot for goodness sake. that's my point. thanks.

Realistic- what sort of things are been sold in your analogy? Usually the pay of sales force range from 0.5% to 4% of the revenue depending on industry (excluding pure service ones like pimps etc). If you are getting 200K per annum package based on 800K revenue, your customer is giving you the sales person 25% of what they pay. IMO, these customers are pretty much robert heads.

Hi,

The 800K is just an example.

Anyway such products exists. For example my previous project total revenue was 1 million.
The sales person got a 20% cut as it is a tough product to sell.

Its an IT product btw which includes licenses and services.

Cheers,
Shaun

I started on $2K a month, fresh from uni 7 yrs ago. No bonus. I'm now 29 and am getting $10K excluding bonus.

Hi 29yrold, just curious, which job are you in now that made the huge jump in salary over the last 7 years?