Should I accept a new job with 11% base salary increase? - 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




Should I accept a new job with 11% base salary increase?

Reply
 
Thread Tools
  #1 (permalink)  
Old 30-09-2017, 09:43 AM
Senior Member
 
Join Date: Sep 2015
Posts: 37
tchen003 is on a distinguished road
Default Should I accept a new job with 11% base salary increase?

i am currently working at a local company, low base but high bonus. Stable and political. That's why I decided to jump.
I choose a famous company in a different industry. They pay high base but low bonus, fast paced and a lot of things to learn.

They made me a verbal offer I will receiveing a 11% salary increase based on my current fixer pay (current monthly income, aws, allowance). I was asking for 15% during interview.

Next week, I will be coming to their office for pacakge review. How can I negotiate with them again to make 15% increment?

Reply With Quote
  #2 (permalink)  
Old 30-09-2017, 10:55 AM
Unregistered
Guest
 
Posts: n/a
Default

you should ensure that you get 15% increment in (annual total package inclusive bonus), not just in monthly base salary.

eg

current package
basic = 3000
bonus = 6 months
annual package = (12 + 6) x 3000 = 54000


your situation + 15% base
basic = 3450
bonus = 2 months
annual package = (12 + 2) x 3450 = 48300 (you actually taking a pay cut in annual salary)


my recommendation (+15% annual package)
= 54000 x 1.15 = 62100

you should ask them for 62100 annual salary (inclusive bonus) regardless of the no of month of bonus they give.

Reply With Quote
  #3 (permalink)  
Old 30-09-2017, 11:05 AM
Senior Member
 
Join Date: Sep 2015
Posts: 37
tchen003 is on a distinguished road
Default

Quote:
Originally Posted by Unregistered View Post
you should ensure that you get 15% increment in (annual total package inclusive bonus), not just in monthly base salary.

eg

current package
basic = 3000
bonus = 6 months
annual package = (12 + 6) x 3000 = 54000


your situation + 15% base
basic = 3450
bonus = 2 months
annual package = (12 + 2) x 3450 = 48300 (you actually taking a pay cut in annual salary)


my recommendation (+15% annual package)
= 54000 x 1.15 = 62100

you should ask them for 62100 annual salary (inclusive bonus) regardless of the no of month of bonus they give.
Well, they always say bonus is uncertain so they r unable to make me an offer based on my current package....

Then I ask them for 15% increase in my fix pay and eventually they gave me 11%....

This is my first changing job, guess they play a trick on me...

Reply With Quote
  #4 (permalink)  
Old 30-09-2017, 01:22 PM
Senior Member
 
Join Date: Sep 2015
Posts: 37
tchen003 is on a distinguished road
Default

Quote:
Originally Posted by Unregistered View Post
you should ensure that you get 15% increment in (annual total package inclusive bonus), not just in monthly base salary.

eg

current package
basic = 3000
bonus = 6 months
annual package = (12 + 6) x 3000 = 54000


your situation + 15% base
basic = 3450
bonus = 2 months
annual package = (12 + 2) x 3450 = 48300 (you actually taking a pay cut in annual salary)


my recommendation (+15% annual package)
= 54000 x 1.15 = 62100

you should ask them for 62100 annual salary (inclusive bonus) regardless of the no of month of bonus they give.
Just to ask: if a fresh grad with 1 year working experience, is it ok to ask for 15% salary increase in job interview?
Reply With Quote
Reply

Bookmarks

Tags
aalary, new job, offer

« 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
Should I accept the offer? bean13 Income and Jobs 21 28-10-2016 08:09 PM
Dilemma - accept job offer or further studies stonehallow Income and Jobs 30 26-11-2014 04:12 AM
Which Ministries / Organizations in the Govt Service accept pass degree from UniSIM? juventusfc27 Income and Jobs 8 16-01-2014 12:53 PM
Advice needed from fresh grad: accept offer or wait? kitdia Income and Jobs 21 14-12-2013 02:38 PM
Re-negotiate salary after accept verbally? Seal Income and Jobs 4 22-06-2012 12:42 PM

» 30 Recent Threads
Career as Teacher ( 1 2 3... Last Page)
10,860 Replies, 6,674,102 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
15,328 Replies, 4,986,029 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
1,051 Replies, 440,953 Views
Roles in accenture singapore ( 1 2 3... Last Page)
7,386 Replies, 2,325,433 Views
Civil Service Current Estimated... ( 1 2 3... Last Page)
172 Replies, 309,830 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
681 Replies, 389,212 Views
Compare civil service salary ( 1 2 3... Last Page)
16,346 Replies, 12,459,521 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,807 Replies, 1,045,892 Views
GovTech ( 1 2 3... Last Page)
5,164 Replies, 2,165,492 Views
UOB Management Associate Program ( 1 2 3... Last Page)
1,459 Replies, 785,139 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,331 Replies, 1,142,787 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
311 Replies, 369,650 Views
Why Is Having a Google Virtual...
1 Replies, 6,803 Views
How is life as a doctor in... ( 1 2 3... Last Page)
7,240 Replies, 3,400,402 Views
JP Morgan ( 1 2 3... Last Page)
199 Replies, 173,558 Views
Mining Industry ( 1 2 3... Last Page)
80 Replies, 74,568 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,340 Replies, 4,773,771 Views
Lawyer Salary ( 1 2 3... Last Page)
21,015 Replies, 10,332,584 Views
ST Electronics ( 1 2 3... Last Page)
3,768 Replies, 1,545,723 Views
Is getting a PMP worth it ?
4 Replies, 7,186 Views
Visa Graduate Development Program ( 1 2 3... Last Page)
207 Replies, 134,770 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,922 Replies, 2,903,825 Views
Nparks ( 1 2 3... Last Page)
39 Replies, 34,449 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
5,828 Replies, 4,658,065 Views
Constituency Manager (People... ( 1 2 3... Last Page)
989 Replies, 814,117 Views
Julius Baer Graduate Program 2023 ( 1 2 3)
21 Replies, 14,860 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
752 Replies, 359,045 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,464 Replies, 1,376,037 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,260 Replies, 614,048 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,123 Replies, 3,740,069 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 09:13 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2