Hays Salary Guides 2009
 

Thanks to a comment from a reader, I got to know about the Hays 2009 Salary Guides.

After browsing through some of these guides, I personally think the salary ranges are on the high side, especially when the footnotes say "salaries are representative of the total package value, although exclude any annual bonus."

Here's a sampling of some of the salary ranges in the Hays Salary Guides:
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http://www.salary.sg/2009/hays-salary-guides-2009/

4717
 

All those are high income profession. Do you have salary guide for low income profession?

4719
 

My guess is that salary guides provided by recruitment agencies like Hays use numbers that are artificially inflated. They can write whatever they want, since they themselves come up with the report, and it's not audited by anyone else.

They need to give you jaw-dropping figures, so that you will question your current pay in your current position, and engage them for their services.

Frankly, I will only trust salary surveys done by the government, NGOs or other neutral parties without any ulterior motives. Unfortunately, very rarely do you come across a report like that.

4720
 

yup renumeration stated is fair..and our counterparts in HK are raking in more at the expense of their health.

4722
 

Probably the numbers here are more for the expat execs who get a better package and don't have to pay CPF...

4723
 

I think this was purposely made higher. So people who read will demand from boss or switch job.. This will be good for Head hunters..

4724
 

Look, Hays is a RECRUITMENT company.
It is in the general interest of recruitment companies to place individuals with HIGH PAY vs someone who is paid significantly less as they are generally paid on salary multiples of the people they place.

Think about it.

4725
 

... one more thing.
Hays (with an "s") should NOT be confused with Hay, who have a better claim at being pay consultants...

4726
 

To Real Pay Consultant: so what are the real pay ranges? Does Hay (without "s") publish their own salary guides?

4728
 

hey, dont u guys look for jobs thru recruitment companies, that source for you jobs with DECENT pay vs LOW PAY ??

4729
 

No I don't. I go through friends, ex-bosses and ex-colleagues.

4730
 

In most total package, it includes medical, insurance, retirement (CPF in SG's case), other perks (housing, car etc) which leads me to think the numbers are very reasonable.

4731
 

how about for aerospace engineer

4732
 

They should define "total package". To make things absolutely clear, they should publish "gross annual pay", which means monthly gross pay (excludes employer's CPF) x 12.
Otherwise it's just hard to compare "total package", as benefits vary across companies.
People mainly care about the cash that goes into their pockets, which can be derived from gross pay easily.

4737
 

Ranges are a good indication. It is not possible to tabulate total packages inclusive of soft benefits. Some companies provide company cars, transport and chauffeur, maids, housing allowances, options, RSU, baby bonuses, country clubs memberships etc, if you are at D/C level; and when you are at that level, you will know what you are entitled to and which band you are at. =)

4738
 

I think the figures shown are OTE (on target earnings) or GAI (Gross annual Income)

4739
 

the pay looks alright to me. these are international pay scale. For those of you who compete with talents on an international level, the pay is about there. These are not expatriate package.

4743
 

real pay: Yes "Hay" does publish surveys.

Hate to say it, but to expand on superman's point... yes, these are reasonable for jobs who compete for international talent.

Most people (myself included ;-) have to realise that this means an experience set that is not only great from a "worked for which brand-name company" perspective, but also from a "performed at an incredible level of performance" level (alternatively could be "has worked long enough to be evenybody's grandfather").

In the SG context, this is maybe 1 in 500 people.

I also think they got the numbers for in-house and practicing lawyer reversed.

4745
 

Having engaged with such recruitment agencies and having seen a slightly more relevant, but equally suspect, pay survey from HR management firms, I will tell you that these may not always be real pay and is more the budget amount that the various companies are willing to pay for the role. For example, I am quite sure they got the Inhouse Lawyer 8 Years PQE right because the company is asking for someone with an AP region focus. Whether they did find the right hire or not, I am not so sure though. And if the right candidate come along asking for 250k, I do not think they will up it to 400k just to say company pay market rates.

Bottomline, it gives the commoner a glimpse of what pay you can technically achieve (in 2008,bc as opposed to 2009 ac, before and after crisis) if you are in the right place at the right time with the right recruiter for the right company. For the stastician in us, it is just showing us the end of the long right tail.

4747
 

all the rights.. nicely said and placed... it is also dependent on how much you know about the industry you are in, how much you are worth and how much you are willing to accept.

4761
 

the salaries in the financial sector looks about right...

4778
 

agree with James and in the know... the salaries stated for the trading and risk professions in banking look about right.

4840
 

in-house lawyer figures way too low, look more like paralegal figures

4866
 

FC at MNCs varies. Fortune 500 or Large TLCs can be over 1mil but small MNCs are around 120k.

I am a foreigner currently working in Singapore. I had an engagement with Hays and was offered a role with one of the big MNC banks here in Singapore. The salary offered was nowhere close to what’s written in the salary report. I didn’t take the position and instead took an internal transfer. A good rule of thumb I think is to apply a 20 to 25 percent discount and you would be close to the real number.

http://www.salary.sg/2009/hays-salar.../#comment-5094

Fby8pw
 

Thanks for your tip renter. Which industry are you referring to? IT? Banks? Thanks.

thanks renter.. will remember =)

I work in Front Office (Banking) IT.

any idea how much a first year tax manager in a big 4 earns?