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 »

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
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,350 Replies, 1,166,722 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
2,037 Replies, 1,088,095 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
16,057 Replies, 5,108,162 Views
GovTech ( 1 2 3... Last Page)
5,806 Replies, 2,302,271 Views
Roles in accenture singapore ( 1 2 3... Last Page)
7,680 Replies, 2,391,529 Views
Ex-MOE Teachers ( 1 2 3... Last Page)
418 Replies, 502,011 Views
Lawyer Salary ( 1 2 3... Last Page)
21,156 Replies, 10,470,339 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
5,902 Replies, 4,729,838 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,284 Replies, 638,653 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,160 Replies, 3,803,956 Views
Career as Teacher ( 1 2 3... Last Page)
11,204 Replies, 6,846,765 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
1,824 Replies, 1,447,645 Views
How is life as a doctor in... ( 1 2 3... Last Page)
7,348 Replies, 3,464,760 Views
Compare civil service salary ( 1 2 3... Last Page)
16,441 Replies, 12,600,799 Views
Julius Baer Graduate Program 2023 ( 1 2 3... Last Page)
31 Replies, 16,893 Views
DBS tech seed programme ( 1 2 3... Last Page)
3,768 Replies, 1,518,726 Views
ST Electronics ( 1 2 3... Last Page)
3,811 Replies, 1,579,208 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
742 Replies, 415,056 Views
UOB Management Associate Program ( 1 2 3... Last Page)
1,489 Replies, 806,663 Views
Maritime and Port Authority of... ( 1 2 3)
20 Replies, 20,161 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
825 Replies, 389,456 Views
NUS (National University of... ( 1 2 3... Last Page)
323 Replies, 328,039 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,503 Replies, 1,402,971 Views
DBS ACE Programme ( 1 2 3... Last Page)
163 Replies, 83,177 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
1,057 Replies, 452,251 Views
ITE (lecturer) ( 1 2 3... Last Page)
279 Replies, 393,448 Views
Any Ministry or Statboard still... ( 1 2)
12 Replies, 12,624 Views
Work culture in CPF board ( 1 2 3... Last Page)
34 Replies, 78,002 Views
Work culture in IHiS ( 1 2 3... Last Page)
722 Replies, 554,542 Views
Private Banking Salaries ( 1 2 3... Last Page)
83 Replies, 139,206 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 02:46 PM.


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