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 Lets talk salary v4

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cutiepooh
post Jun 20 2012, 02:45 PM

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Most of my friends received news that they have no increment on this year.

This post has been edited by cutiepooh: Jun 20 2012, 02:45 PM
ololieta
post Jun 20 2012, 03:01 PM

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MNC surely got increment every year but roughly around 4 - 5 %
cybermaster98
post Jun 20 2012, 03:12 PM

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QUOTE(cutiesbaby312 @ Jun 20 2012, 02:25 PM)
Nope, it's service industry for IT. Our headquarters are based on UK & Belgium (A merger comp) ... So demotivated already receiving this news  cry.gif
Having a salary freeze is not always a bad thing. Sometimes we have to look at things from an operational point of view. Salary freezes are usually implemented when profit margins are below expectation or when overhead costs escalate beyond its predefined thresholds. But often these moves are neccessary to ensure 'survival' of the company. Its based on the concept of 'banding together' meaning when times are good everybody gets good increments & bonuses but when the company is in crisis, then everyone is expected to share the pain (although its not always the fairest of options). But quite often a salary freeze is important in keeping most (if not all) staff employed.

But sadly, i also know of cases whereby companies use insufficient profit as an excuse not to give increments/bonuses. This is where employee unions and unity in numbers come into play. If you feel your company is in good shape but merely wanna increase profit margins by cancelling increments, then its up to its staff to get together and demand a plausible explanation.
cutiesbaby312
post Jun 20 2012, 03:27 PM

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QUOTE(conqu3ror @ Jun 20 2012, 02:44 PM)
Please feel lucky that you job still secure. Or maybe is a good time for you to get another job?
*
I wish to get another job now but there are a lot of factors to be considered too. Like time management since im doing a part time studies while working. It's gonna take a hell on me if I shift to another job. Just wanna rant abit here because expenses all up but salary remained frozen sweat.gif

QUOTE(cybermaster98 @ Jun 20 2012, 03:12 PM)
Having a salary freeze is not always a bad thing. Sometimes we have to look at things from an operational point of view. Salary freezes are usually implemented when profit margins are below expectation or when overhead costs escalate beyond its predefined thresholds. But often these moves are neccessary to ensure 'survival' of the company. Its based on the concept of 'banding together' meaning when times are good everybody gets good increments & bonuses but when the company is in crisis, then everyone is expected to share the pain (although its not always the fairest of options). But quite often a salary freeze is important in keeping most (if not all) staff employed.

But sadly, i also know of cases whereby companies use insufficient profit as an excuse not to give increments/bonuses. This is where employee unions and unity in numbers come into play. If you feel your company is in good shape but merely wanna increase profit margins by cancelling increments, then its up to its staff to get together and demand a plausible explanation.
*
Yeah, mainly our salary freeze because of securing our job position for the next 4-5 years. It's a global freeze actually so it's fair in the point of a MNC (everyone suffers and have good times together). That's why I wanna do a simple survey of how badly MNC are affected, mainly UK/Europe based.
Mrsheng
post Jun 20 2012, 03:32 PM

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QUOTE(cybermaster98 @ Jun 19 2012, 02:18 PM)
Did u even understand what he said ah? He wasnt talking about getting specialised degrees. All he said was fresh grads can earn about 3K and i too think its possible.

But u are still going on and on about your super 'future' degree. Only an ignorant person would say that when demand is higher than supply, salary automatically increases.

I have a degree thats fairly common and yet ive reached above average heights. This had NOTHING to do with my paper qualification. My degree only gave me the licence to practice in that industry. It was due to hard work, communication & social skills, networking and being result driven.

Did u know that in all my job interviews since graduation (except the first), not once did i go into an interview room with my certificates? Ive always walked in with only my CV and still managed to land myself good jobs in good companies. Even in my current company, HR do not even have a copy of my degree. U know why? Cuz many multinational companies value experience & results over a piece of paper and if anybody doubts that, then i am living proof. But u will never understand how this is done. For your info, my current company employs approx 56,000 full time employees in 27 countries with annual revenue hitting US$ 25 bil on average.

Anyway, like many of us have stated here, u will learn the hard facts the hard way. Carry on with your egoistic know it all attitude. Im sure that's the prerequisite to instant success and the big bucks.
*
well said man. certs are just for viewing pleasure. experience and talking skills outshine everything in a job interview
Frostlord
post Jun 20 2012, 03:36 PM

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hi all

please advise on my salary

age : 24
working exp : 2 years

salary 2.2 -> almost 3k (basic)

commission + allowance = 1-1.5k monthly

benefits : just enough to be listed

chinaman company

thanks smile.gif
Mrsheng
post Jun 20 2012, 03:36 PM

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QUOTE(cutiepooh @ Jun 20 2012, 02:45 PM)
Most of my friends received news that they have no increment on this year.
*
im just a college student but just to tell u that even my mum who's working in deloitte has no increment this year too. and i heard that the company and some banking companies are going to excel staffs by the end of this year. rumours might be true.
eelnek
post Jun 20 2012, 03:38 PM

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QUOTE(sweeboon @ Jun 7 2012, 02:57 PM)
Job Title : Regional Communication Exec, SEA
Age : 28
Job description : Internal and External Communication, PR & Branding
Years Spent : 1 year plus
Work Experience before joining: 2.5 years
Company : Engineering Solutions Company (Scandinavian)
Location : Southeast Asia (6 countries) but based in KL
Tenure : Permanent
Employment level : Exec
Salary (basic): MYR5500
Allowance: MYR500 car allowance
Claim: Unlimited Phone Bill + Yearly new Phone (no limit on price)
Bonus: 15% of annual income
Advantages: Flexible working hours (can work from home as you wish), good working cultures, job advancement, allocated parking at office (FREE lar of course), etc.
Disadvantages: underpaid!!

My role is more like a Managerial role taking care of dotted lines in each country in terms of training and guiding them on local coordination of Communication activities. I seriously think I'm underpaid so I'm planning to have serious discussion with my Boss during my next PD talk.

Wish me luck!!
*
Good job n nice pay..
Dont piss your boss off..
Mrsheng
post Jun 20 2012, 03:38 PM

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QUOTE(joe_average @ Jun 19 2012, 10:41 PM)
Lately, I come to this thread just to read this AS boy comments with know it all attitude.. LOL it's amusing thumbup.gif

Many of us here might not be as successful as cybermaster98, but we can assure you that we're at the position to totally agree with what he wrote because of our experience in our working culture individually.

Yeah, you will definitely learn it the hard way, good luck!! rclxms.gif
*
graduate from the university of hardknocks. thats what my favourite teacher always tell me. smile.gif


QUOTE(Frostlord @ Jun 20 2012, 03:36 PM)
hi all

please advise on my salary

age : 24
working exp : 2 years

salary 2.2 -> almost 3k (basic)

commission + allowance = 1-1.5k monthly

benefits : just enough to be listed

chinaman company

thanks smile.gif
*
by adding on your commission i think thats really a good pay already. for a 24 years old man.

Frostlord
post Jun 20 2012, 03:40 PM

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QUOTE(Mrsheng @ Jun 20 2012, 03:38 PM)
graduate from the university of hardknocks. thats what my favourite teacher always tell me. smile.gif
by adding on your commission i think thats really a good pay already. for a 24 years old man.
*
but i am stuck in rm2k range for 2 years already icon_question.gif

i forgot to include my field : IT field
Mrsheng
post Jun 20 2012, 03:41 PM

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QUOTE(sweeboon @ Jun 7 2012, 01:57 PM)
Job Title : Regional Communication Exec, SEA
Age : 28
Job description : Internal and External Communication, PR & Branding
Years Spent : 1 year plus
Work Experience before joining: 2.5 years
Company : Engineering Solutions Company (Scandinavian)
Location : Southeast Asia (6 countries) but based in KL
Tenure : Permanent
Employment level : Exec
Salary (basic): MYR5500
Allowance: MYR500 car allowance
Claim: Unlimited Phone Bill + Yearly new Phone (no limit on price)
Bonus: 15% of annual income
Advantages: Flexible working hours (can work from home as you wish), good working cultures, job advancement, allocated parking at office (FREE lar of course), etc.
Disadvantages: underpaid!!

My role is more like a Managerial role taking care of dotted lines in each country in terms of training and guiding them on local coordination of Communication activities. I seriously think I'm underpaid so I'm planning to have serious discussion with my Boss during my next PD talk.

Wish me luck!!
*
nice pay la bro. your annual bonus can buy u a car. unlimited phone bill and can change new phone every year. free parking smr. ure saving some big bucks there alreadym just my 2 cents.


Added on June 20, 2012, 3:47 pm
QUOTE(backspace66 @ Jun 20 2012, 03:32 AM)
I'm sorry guys,i just don't understand why you all are so worked up to convince this boy.Just let him believe what he wants to believe.
*
I think its better to convince him and let him learn what the facts are really, are among the society. ignorance is never good, we might save a hidden gem here. nobody knows. wink.gif

This post has been edited by Mrsheng: Jun 20 2012, 03:47 PM
Frostlord
post Jun 20 2012, 04:11 PM

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QUOTE(Mrsheng @ Jun 20 2012, 03:36 PM)
im just a college student but just to tell u that even my mum who's working in deloitte has no increment this year too. and i heard that the company and some banking companies are going to excel staffs by the end of this year. rumours might be true.
*
financial crisis soon. its still "ok" now because election not yet start (IMHO)
Mrsheng
post Jun 20 2012, 04:14 PM

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QUOTE(Frostlord @ Jun 20 2012, 04:11 PM)
financial crisis soon. its still "ok" now because election not yet start (IMHO)
*
TRUE THO. imagine if opposition wins election and tries to balance up everything, of course as known as recovery period, if and if they are implementing the right policies la. crisis would be serious as f.
PAC_3467
post Jun 20 2012, 04:24 PM

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Job Title : Geotech Engineer
Age : 24
Job description : Designing
Years Spent : 1.5 years
Salary (basic): MYR2100
Disadvantages: underpaid!!

Any comment for me? Thinking of changing job for a better salary.
eelnek
post Jun 20 2012, 04:35 PM

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QUOTE(PAC_3467 @ Jun 20 2012, 05:24 PM)
Job Title : Geotech Engineer
Age : 24
Job description : Designing
Years Spent : 1.5 years
Salary (basic): MYR2100
Disadvantages: underpaid!!

Any comment for me? Thinking of changing job for a better salary.
*
Oil n gas sector?
Frostlord
post Jun 20 2012, 04:36 PM

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just out of curiousity, for all those in IT field, how long did it take for you to get out of 2k zone?

means salary RM2000 -> RM2999 (basic only)

asking this because a lot of housing agent advise me "with your salary cant get the loan. bank see basic only as commission is not stable"
heizad
post Jun 20 2012, 04:41 PM

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if u can gain the exp n skill faster, the faster u can jump..
cybermaster98
post Jun 20 2012, 04:50 PM

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QUOTE(Frostlord @ Jun 20 2012, 04:36 PM)
just out of curiousity, for all those in IT field, how long did it take for you to get out of 2k zone?

means salary RM2000 -> RM2999 (basic only)

asking this because a lot of housing agent advise me "with your salary cant get the loan. bank see basic only as commission is not stable"
Well not sure about IT salaries but yes banks take your basic salary into consideration. Sometimes they dont even consider fixed allowances.
cybermaster98
post Jun 20 2012, 04:52 PM

Look at all my stars!!
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QUOTE(PAC_3467 @ Jun 20 2012, 04:24 PM)
Job Title : Geotech Engineer
Age : 24
Job description : Designing
Years Spent : 1.5 years
Salary (basic): MYR2100
Disadvantages: underpaid!!

Any comment for me? Thinking of changing job for a better salary.
How do you know ure underpaid? There are many senior design engineers with about 10-11 yrs working experience earning only about RM7-8K per month. And im refering to established companies like AECOM, etc. What company are you in?
PAC_3467
post Jun 20 2012, 05:05 PM

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QUOTE(eelnek @ Jun 20 2012, 04:35 PM)
Oil n gas sector?
*
Nope. Typical Geo/soil excavation field.


Added on June 20, 2012, 5:07 pm
QUOTE(cybermaster98 @ Jun 20 2012, 04:52 PM)
How do you know ure underpaid? There are many senior design engineers with about 10-11 yrs working experience earning only about RM7-8K per month. And im refering to established companies like AECOM, etc. What company are you in?
*
Based on 1 year experience? But haven't had increment? ='( Working in a Singapore company, but based locally.

This post has been edited by PAC_3467: Jun 20 2012, 05:07 PM

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