20-12-2016 09:57 PM |
Unregistered |
Quote:
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..
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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'.
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20-12-2016 09:03 PM |
Unregistered |
Quote:
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..
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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..
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18-12-2016 12:10 PM |
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..
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17-12-2016 07:52 PM |
Unregistered |
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"...
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13-12-2016 10:20 PM |
Unregistered |
Quote:
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.
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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.
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13-12-2016 02:11 PM |
Unregistered |
Quote:
Originally Posted by Unregistered
Where was the jump when you settled for 27% increment?
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I am not the one posted the 27%.
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13-12-2016 02:06 PM |
Unregistered |
Quote:
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.
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Where was the jump when you settled for 27% increment?
Quote:
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%.
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13-12-2016 01:53 PM |
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.
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13-12-2016 01:51 PM |
Unregistered |
Quote:
Originally Posted by Unregistered
Woah. That's amazing. It must be that your resume is stellar.
I think different technique for different people. I can't convey an expectation of above 20% with confidence like you. I appreciate the information but I think I'm better of with lower expectations.
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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.
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13-12-2016 01:35 PM |
Unregistered |
Quote:
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%.
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Woah. That's amazing. It must be that your resume is stellar.
I think different technique for different people. I can't convey an expectation of above 20% with confidence like you. I appreciate the information but I think I'm better of with lower expectations.
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