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 Lets talk salary v5

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conqu3ror
post Aug 2 2012, 10:25 PM

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QUOTE(paklie @ Aug 2 2012, 04:12 PM)
Job title: Process Engineer
Job description: Electronic Transceiver Process
Years spent in company: 1yr
Company: VTS Sdn Bhd
Industry: Electronic
Tenure: Permanent
Employment level: Executive
Experience before joining: Fresh Grad
Salary: 2.2k, started with 2.2k (during 6 months probation).
No increment after cnfirm...
Then anual increment only rm48....

Need to manage the mney crefully...
still can survive but not enough for leisure time... =)
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QUOTE(ellyZack @ Aug 2 2012, 08:31 PM)
only 48? blink.gif  i got 60 leh after 3mth last time when am working as budak pasaraya.. tongue.gif  so sikit owh.. at least 150 still ok la..
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Just 2% increment? Are you sure this is the annual increment or other increment or adjustment?

Pity company, dun even give a round figure RM50
conqu3ror
post Aug 2 2012, 11:37 PM

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QUOTE(jasontantenghuat @ Aug 2 2012, 10:47 PM)
Normally how many percent increment? In average.
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Some SME will give more increment cause there is no proper HR Pay Structure, all depends on the boss & manager feeling.

For MNC, they will compare to current GDP which about 4-7%
conqu3ror
post Aug 3 2012, 01:50 PM

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QUOTE(Materazzi @ Aug 3 2012, 01:37 PM)
In big 4 u can get 50% increment
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Come on that is promotion, not annual increment lah.
conqu3ror
post Aug 6 2012, 11:51 PM

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QUOTE(NewPro @ Aug 4 2012, 06:52 PM)
Below is my friend's details, he wanna to know whether he underpaid or not?

Job title: Senior executive, compliance officer
Job description: Financial institution / bank
Years spent in company: 3 years
Company: Local bank
Industry: Investment
Tenure: Permanent
Employment level: Executive
Experience before joining: 3 years experience
Salary: currently 3.5k, join new company will be 4k
No increment after cnfirm...

Anyone can help him whether he should join?
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No worth to jump for any job less then 20% increase unless desperate & not happy with current job.

Try find other better job then only jump. It will be little for Senior exec to get less then 4k.

Good Luck
conqu3ror
post Aug 8 2012, 09:40 PM

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QUOTE(NewPro @ Aug 8 2012, 09:05 PM)
She is asking as a compliance officer, what is the range of salary for senior executive? if you know assitant manager salary range?
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AM range should at least 5k, any less then that are pity. Anyway just average market, some may get much higher.
conqu3ror
post Aug 15 2012, 08:41 AM

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QUOTE(juvchan @ Aug 15 2012, 12:42 AM)
Ya, looks like very underpaid


Added on August 15, 2012, 12:48 amJob Title : Senior Developer (.NET)Job Desciption : Programming, Mentoring Junior
Age: 31
Years spent in company : 1 year
Company : MNC
Tenure : Full time
Experience before joining : 8 yrs+
Salary : RM 9k
Is it consider underpaid or fair?

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These have prove that human never satisfy with their paid. The expectation will get higher & higher.

I believe most manager won't get that salary.
conqu3ror
post Aug 15 2012, 09:56 AM

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QUOTE(s2peMocls @ Aug 15 2012, 09:44 AM)
Honestly speaking, these lets talk salary thread are rather pointless and really throws the scale off. Mainly because people with lower salary will probably not be posting their salary compared to the higher ones posted here, and people who know they have fairly high pay will see this as a chance to brag.

Then the people who has no clue will come in here, and read and assume this is what they should be making, when probably more than 83% of the market makes less than that, and then goes on to request that high amount from future employers. And they wonder why they don't get hired.

That being said, HR should be more transparent about how much they're paying on average, else they get unreasonable pay demands.
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+1

Anyway we can always refer to salary report by jobstreet or other site. I believe it reflect the market, but provided they update according to market.
conqu3ror
post Aug 15 2012, 10:57 AM

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QUOTE(s2peMocls @ Aug 15 2012, 10:08 AM)
I think the situation goes both ways. But if everyone were to be earning that amount, then someone will start to complain they're making too low. So since the employer are the ones who plan for what they can afford (and willing) to pay, employees should be less demanding.

On the other hand, there are too many low balling jobseekers messing up the scale in Jobstreet in that a job requires someone to have X years experience in Y expertise, and then those blokes who don't qualify applies anyway, and totally screws over those people who DO qualify for that post. Then the employers call them in for interview and then bargains it down. It's a vicious cycle.
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QUOTE(Materazzi @ Aug 15 2012, 10:15 AM)
U are one of employers  who dont accept ur employees ask higher salaries ar?  Now people should aim  high, many people spoil market  now. Companies with  profit usd  1 billion paid 3k for  2yrs exp accountant. U think reasonable to look jobstreet?
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Nothing to debate, it is a supply & demand market. You pay peanut you attract monkeys.

I believe if you are good, good company willing to pay to attract good talent employee. If you feel you are underpaid & deserve much higher paid, then stop complain & ask for a raise or jump to other job offer. If you can't get any offer or paid raise, then better keep quiet & continue you job.

Can't deny that some company HR still stick to the stupid pay structure while the job market had move upward.

My company make billions of dollar every year, but they have not obligate to share the profit unless you are the shareholder.
We are just employee, which govern by Employment Act.
conqu3ror
post Aug 15 2012, 01:25 PM

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QUOTE(Materazzi @ Aug 15 2012, 11:39 AM)
Then thats good mang. People here stated their salary to know undervalued  or not. Accept it  or not someone willing to be paid peanuts although he is outstanding.eg it guy from india.. not only in stock market got undervalued  and overvalued. Accept it or  not  in labour market got. See  zingapore paid more for accountants although do the same  job
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You keep complaining Accountant here is underpaid. But I don't see Singapore is paying very good also (without convert of currency). My friend in SG as accountant work like a dog compare when in Msia, but he getting the same pay & different currency only.

Accountant = member of any accounting professional body recognise in Msia (ACCA, CIMA, CPA, ICAEW, MIA), to be a member you must have at least 3 years relevant experience. Impossible for a people with 2 years experience calling itself a accountant.
conqu3ror
post Aug 15 2012, 03:05 PM

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QUOTE(Annoynimous @ Aug 15 2012, 02:05 PM)
Since you mentioned MIA, your definition of Accountant is Chartered Accountant (Malaysia) where to be one, you'd have to have accounting qualifications recognised by MIA which can either be professional qualifications or university degrees recognised under the Accountants Act, and 3 years relevant working experience.

The term "accountant" has been cheapened in the Malaysian context where you can see a lot of advertisements put up by small, "Chinaman" companies seeking "accountant with 2 years' experience". These are not "accountants", these are "account assistants".

Even if working as an accountant in Singapore you get paid the same as in Malaysia, you'd be better off there. I'm comparing like for like here. Assuming you can earn RM5k here and SGD5k there, the lower cost of living and better security and transportation in Singapore compared to Malaysia, enable you to save a lot there compared to Malaysia. Of course, this is in the short term, say 5 years. if you're thinking of staying long term in Singapore, there are a lot of other factors to take into consideration, for example, career growth and ability to grow your level of income to buy property there, etc.

Perhaps your friend is working like a dog there because of the different financial reporting standards being used there. I do think that if you're smart and capable and are conversant with technical aspects, the workload would not be such a burden.
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+1

Of cause work in Singapore is better, especially when you intend to spend in Malaysia. But to own a house & car in SG will be more heavy compare in Malaysia. All about give & take.

I believe in operation the FRS won't affect much, it will impact when your prepare statutory report or doing auditing & tax. More to management reporting then statutory reporting.

It is the different culture in Singapore which people are more demanding & hard to work with compare in Malaysia. Work so stress & no work life balance & most weekend gonna work.

Normally when we move to higher level, we intend not to work as hard as lower level, but work smart & more planning.
conqu3ror
post Aug 15 2012, 08:28 PM

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QUOTE(Materazzi @ Aug 15 2012, 06:43 PM)
Im 23 yrs already in supervisory level, how? Got offer in financial analyst
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Go ahead, you next target be manager, then director & CFO. Sky is your limit, but also please don't fall down, the higher you go the heavier you fall.

BTW are you already Charter Accountant? (Member of Accounting Professional body)
conqu3ror
post Aug 15 2012, 11:01 PM

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QUOTE(ikki9394 @ Aug 15 2012, 10:16 PM)
Hi, im a fresh grad and start pursuing professional qualification ACCA(5 papers left)

I got an offer to an "accounts assistant" post.
RM2000 p/m no allowances.
Probation period - 3 months.
Increment after probation depends on performance.
Working hour - weekdays only 9:00am-6:30pm
Company - garment and fashion industry
Tenure - Permanent
Experience before joining - 0

Is the pay reasonable?
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I believe lot of people will suggest you to join audit firm, some more big4 sure will subsidaise your study with study leave. But why you prefer this job?

Anyway higher paid = more demanding

Just go ahead, you have nothing to loose. Life is about try & error and gaining experience.
conqu3ror
post Aug 16 2012, 09:46 AM

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QUOTE(Annoynimous @ Aug 16 2012, 07:50 AM)
You definitely need at least professional qualification to grow in the accounting/finance line, even if you don't want to be a Chartered Accountant. Without professional qualification, the most you can be in an MNC is in a junior supervisory role. Anything higher than that I would assume you'd need some form of professional qualification to advance. At least that's how I see it. Correct me if I'm wrong. Please note that I am talking about those companies with global presence and not those smaller local companies which might have different circumstances. Normally an MNC with a global presence require some kind of quality control on their accounting/finance staff and tend to hire professionals with proper qualification and working experience. Having only either one won't cut it.
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+1

All finance/accounting manager in my ex-company are CA. Some even request a MBA qualify for manager.

Only if you are working in SME or Chinaman company, then they may prefer your experience & capability then qualification.

Finance & accounting is a professional field, you won't able to move to senior level if you lack of qualification, except you are the child of the directors or someone their name is much more longer.
conqu3ror
post Aug 16 2012, 10:12 PM

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QUOTE(Materazzi @ Aug 16 2012, 09:31 PM)
thanks for advice. Im now studying cima and cfa. Im working at european mnc listed at euronext.


Added on August 16, 2012, 9:37 pm

Im replacing someone who had worked for 13yrs there and got salary adjusrment 20% tgere after requested to resign but now got another offer. Prof qualification is important i agree. Im wotking towards my cima and cfa bro
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I have a friend grad ACCA in 20/21 age, become AVPII (Assistant Manager) in well know MNC listed Co. at age 26/27, youngest AVPII (average age AVP 35++) in the company of >10k employees. But I never see he ever showing off his achievement in such young age.

Sometimes is better to be low profile & be humble, the more we explore, then we will know how small we actually are.

Good Luck, update us when you got your CIMA and CFA.
conqu3ror
post Aug 17 2012, 11:50 AM

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QUOTE(Annoynimous @ Aug 17 2012, 11:13 AM)
I have no professional qualification too, just a lousy local uni degree and because of this, combined with my observations, I feel that it's better to have professional qualification. Sometimes, people look down on me having just a lousy degree compared to them who have such nice sounding titles as ACCA, MICPA, CIMA, CPA, etc etc. Have had to prove myself time and again through my work that YES, DAMMIT, I can work as well as those with nice sounding professional qualifications and even exceed them in terms of quality of work and speed of delivery. I still feel that those with professional qualifications have it easier at work - by default, people perceive them as more capable and more professional than those without these qualifications.

Just my 2 cents.
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+1

Anyway academic also proof something & the level of knowledge you achieved.

Although most people may work better & more experience then those qualified, but company always believe those qualified may have better achievement in future.

So if you can't beat them, join them- get the professional qualification
conqu3ror
post Aug 19 2012, 03:28 PM

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QUOTE(Materazzi @ Aug 17 2012, 03:37 PM)
Then after u got ur prof qualification. Is it necessary to get MBA too? Later u say manager need master degree. For me, i will not waste another 100k for MBA since i want to build my personal investment.
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Don't mind to tell, I'm ACCA Member. Work in a well know MNC.

Yes, I may go further to MBA if company willing to sponsor me. There is No harm to learn & study more. Learning never end.
conqu3ror
post Aug 20 2012, 10:42 AM

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QUOTE(Annoynimous @ Aug 19 2012, 05:42 PM)
^ There are MNCs who sponsor employees to pursue MBA courses. No harm taking these kind of offers up if you enjoy working for the company.
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QUOTE(Materazzi @ Aug 19 2012, 07:14 PM)
Not every company will sponsor you MBA man..Most banks will sponsor the MBA..
However, you will see the opportunity cost of 2 years full time study, it will cost you your salary unless your company still pay you salary while you are studying your full time MBA degree. Good Luck!
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There are plenty of MNC sponsor further study, of course it must related to your current role & subject to management approval. BTW this show the company value education & encourage it.
In any professional, CPD (Continue Professional Development) is important. So many company often send staffs for expensive seminar, training & workshop. So sponsoring MBA is nothing for them, of cause with bond condition due to higher cost.

I don't see there is problem study part time, BTW company normally will provide study & exam leave. I have plenty of friends taking MBA & professional course part time it just depends how you cope it. Some more MBA is much more easy to pass then professional paper, MBA just need to spend more time in research & assignment. Honestly MNC more value professional qualification compare to degree, you really feel the difference when you looking for job & able to demand higher paid.

FYI, I had triple my paid after 4 years graduate. Same to most my friends with ACCA, their salary also jump so fast compare to degree holder.

This post has been edited by conqu3ror: Aug 20 2012, 10:44 AM
conqu3ror
post Aug 20 2012, 06:25 PM

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QUOTE(Materazzi @ Aug 20 2012, 04:51 PM)
why don't you take CFA?


Added on August 20, 2012, 4:53 pm

if you believe professional degree>MBA then why don't you take CFA? Only around 4oo people have it.
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Thanks for suggesting, I guess still CFA pretty new in Malaysia. I think only bank & financial institute will value most (correct me if I'm wrong).

But I will go for more common course that suggest & recommend by company management (seen they are paying it).

This post has been edited by conqu3ror: Aug 20 2012, 06:28 PM
conqu3ror
post Aug 21 2012, 03:31 PM

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QUOTE(loopy88 @ Aug 21 2012, 02:36 PM)
ur qualification? fresh or experienced?


Added on August 21, 2012, 2:39 pm

My sister IA at cimb, got CIAFIN+CFA but in banking sectors she said they only considered ur experience and ur ability in completing ur task successfully,otherwise if u not satisfy with ur salary u always can jump to other bank for demanding the salary wink.gif
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Mind to share your sister year of experience, position, & the salary package.

Yes, most firm will take your experiences & exposure into consideration first, but if you have similar peers, the higher qualification will be priority of salary adjustment or promotion.

This happen to my ex-company, staffs with higher qualification get in promoted 1st. It is common, cause if they are not in par of the job market, sure staff will leave.
conqu3ror
post Aug 24 2012, 09:11 AM

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QUOTE(m33p @ Aug 24 2012, 08:57 AM)
@angel-face
Thats precisely the mentality the workforce doesn't need.

@Glenhow
People get different pay based on how well they performed in the interview, qualifications (grades do matter to certain corp such as Intel for example, which will get you higher pay there) etc.
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For the grades only applied for fresh grad.

If you not happy with the paid, then jump & go interview with higher paid company. If you can't get any better offer, mean you are paying very well. It is all about supply & demand in the job market.

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