URGENT advise needed :(

Originally Posted by Unregistered

Depends greatly on the nature of the job change. It also depends on annual remuneration package instead of monthly basic.
I have 4 job changes in the 7 years. Based on annual remuneration package

1st Job (close to 2 years) to 2nd Job for better job prospect. Related skills - 50%
23% increment

2nd Job (3 years) to 3rd Job for upgrade to management level. Related Skills - 30%
30% increment

3rd Job (7 months) to 4th Job because of company restructuring and change of superior.
5% increment

4th Job (1 year) to 5th Job for better job prospect (Regional role). Related Skills - 60%
32% increment

Was countered offer for 1st, 2nd (1st resignation one year before 2nd resignation and chose to stay) and 4th job.

Where was the jump when you settled for 27% increment?

Originally Posted by Unregistered

For the last job I just told the recruiter my expectations are above 20%. The first offer was slightly above 20%, then it was to & fro a few time and settle at ~27%.

Originally Posted by Unregistered

Where was the jump when you settled for 27% increment?

I am not the one posted the 27%.

Originally Posted by Unregistered

Don't blindly listen to what others have to say, without understanding more of the context behind it. Different industries, different departments, different landscapes... these play a huge part in determining the amount of increment that is reasonable to ask for, and the amount that is just plain ridiculous.

I had a friend who received a 60% increment, jumping from a UK bank to a German bank. Is this normal? If u knew his backstory of how he had stayed at the UK bank for 7 years and only received an effective increment of 4% each year, u'll understand why he got this increment amount.

If the above poster receives a 20+% increment every time he jumps, first off, congrats. My questions will be, what industry are u in? Are u in a client facing role? How many years experience do you have and how long do you stay at a role before moving?

Without understanding all these, it is impossible to use 20% as a benchmark without coming across as ignorant and arrogant to the hiring manager. For myself, I jump on an average of 12-14 months, and my expectations are between 10-15%. This is in line with the average in the banking space and usually falls within reason with the hiring managers for someone of my experience level.

Banking has been in downturn since 2008 except for a few pockets of function, I wouldn't extrapolate banking to the overall market. Many industries are doing much better than banking since 2008.

well, you quit without a job, as to negotiation, it all depends on how long you can do without a job, hold strong and tough only when you are able to be without a job for long, else, the ball is in the employer's court....in the first place, if possible do not quit without a job, as the saying goes " employer loves a potential employee who is currently employed"...

wow im surprise so many here jumped so often? (yet the economy isnt that healthy..)

i mean i wouldnt even jump on my own accord or quit my current job at whim, unless i got poach, headhunted or something, then thats a totally different story with the game in my hand..

resigning without even securing a backdoor seems dangerous (of course, unless u are hot stuff that everyone wants for.. but then, no one is really totally irreplaceable especially if ur job scope isnt something really specialized or detailed..)

if u really like the job, the company, 12% increment might not be too bad.. compared to 20% rise but in a bad environment.. or maybe u could see if u can get anymore offers before accepting that.. of course, its really up to individual..

Originally Posted by Unregistered

wow im surprise so many here jumped so often? (yet the economy isnt that healthy..)

i mean i wouldnt even jump on my own accord or quit my current job at whim, unless i got poach, headhunted or something, then thats a totally different story with the game in my hand..

resigning without even securing a backdoor seems dangerous (of course, unless u are hot stuff that everyone wants for.. but then, no one is really totally irreplaceable especially if ur job scope isnt something really specialized or detailed..)

if u really like the job, the company, 12% increment might not be too bad.. compared to 20% rise but in a bad environment.. or maybe u could see if u can get anymore offers before accepting that.. of course, its really up to individual..

sometimes it baffles me when i see young people less than 30 years old jumping around job hopping every 1.5 year? and have been to 4 different coys before 30? but their salary is still stuck at around $3.5k? I am amazed...are they jumping for higher salary? or they dun like the job? boss? environment? Young people nowadays..strawberry gen..

Originally Posted by Unregistered

sometimes it baffles me when i see young people less than 30 years old jumping around job hopping every 1.5 year? and have been to 4 different coys before 30? but their salary is still stuck at around $3.5k? I am amazed...are they jumping for higher salary? or they dun like the job? boss? environment? Young people nowadays..strawberry gen..

You need to mix around with more driven and high performing young people. Don't just look at your small social circle and make sweeping generalizations of 'strawberry gen'.