Let's say for average annual salary increment is roughly how much?
Need to plan for my future and just checking to compare..
Annual Salary Increment, % roughly how much
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May 28 2006, 01:22 PM, updated 20y ago
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#1
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Junior Member
233 posts Joined: Jan 2003 |
Normally annual salary increment is how much % of ur salary?
Let's say for average annual salary increment is roughly how much? Need to plan for my future and just checking to compare.. |
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May 28 2006, 01:35 PM
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#2
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59 posts Joined: Oct 2005 |
for me normally RM100 per year.
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May 28 2006, 02:01 PM
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#3
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Senior Member
777 posts Joined: Jan 2003 From: CyberWorld |
Technician post - RM50
Engineer post - RM80 Sometime no increment at all :/ |
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May 28 2006, 03:08 PM
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#4
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Senior Member
1,966 posts Joined: Jan 2003 From: No longer hanging by a NUS |
I've had 30% increment once... hehe...
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May 28 2006, 04:22 PM
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#5
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715 posts Joined: Jan 2003 |
7% annual increment
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May 29 2006, 12:42 AM
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#6
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974 posts Joined: Sep 2005 |
it really depends on how's the company doing, and how generous is ur company...
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May 29 2006, 01:03 AM
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#7
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1,045 posts Joined: Jul 2005 From: KL/PG |
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May 29 2006, 08:37 AM
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#8
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4,457 posts Joined: Jul 2005 |
QUOTE(Tehmh @ May 28 2006, 01:22 PM) Normally annual salary increment is how much % of ur salary? minimun 3-5% to cover the inflation only...not to enjoy luxury life...Let's say for average annual salary increment is roughly how much? Need to plan for my future and just checking to compare.. else can find another job already... |
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May 29 2006, 09:01 AM
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#9
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229 posts Joined: Oct 2005 |
They should give minimum COLA adjustment which is whatever the rate of inflation is for the year. Normally 3-5%.Then additional if its a good year for the company.Total about 7%-12%.
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May 29 2006, 09:13 AM
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Senior Member
715 posts Joined: Jan 2003 |
sigh
my company didn't even give us any COLA adjustment for the fuel increase and it's a fortune 500 company... This post has been edited by dsiew: May 29 2006, 09:13 AM |
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May 29 2006, 10:03 AM
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Senior Member
3,590 posts Joined: Apr 2006 From: nowhere |
after increment of about 15%, petrol rise, cooking gas rise, chicken rice rise, water rise, and now electric rise. That 15% pretty much reduced to bits.
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May 29 2006, 12:17 PM
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Senior Member
2,660 posts Joined: Jan 2003 From: Somewhere in the world |
it really depends on your company, anyway increament is not a mandatory for all company unlike companies in UK that each company have to give an increament to cover the inflation rate.
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May 29 2006, 01:42 PM
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Junior Member
101 posts Joined: Apr 2006 |
normal increament rate 5-7%
sometime dun have. |
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May 29 2006, 02:30 PM
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Senior Member
1,807 posts Joined: Jan 2003 From: KL |
about 7-10 %
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May 29 2006, 03:35 PM
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Elite
7,826 posts Joined: Jan 2003 |
My old company gave about an increment of 5% to 8% depending on your performance as well as the company's performance as well. Those who are exceptional gets an additional 50% on top of that 5-8% increment.
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May 29 2006, 04:09 PM
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Senior Member
736 posts Joined: Sep 2004 From: KL |
10% each year. 1 year got 2 times bonus, performance and CNY bonus.
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May 29 2006, 06:54 PM
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Senior Member
4,897 posts Joined: Aug 2005 |
rm30 onli
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May 29 2006, 09:45 PM
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Senior Member
1,903 posts Joined: Jan 2003 From: Wg Maju |
above 15% before my highest
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May 29 2006, 11:20 PM
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Elite
878 posts Joined: May 2006 From: Kuala Lumpur, Penang, Bangkok, Singapore |
You would need to evaluate how valuable and important you are to the company. Knowing your stand in the company, you can roughly set an expected increament range.
My minimum increment would be around 20%, the highest being 30%. But then again, I know where my value is, and how important I am to the organisation. It's about demand of supply. Guess I capitalised on that. |
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May 30 2006, 11:29 AM
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978 posts Joined: Jul 2005 |
QUOTE(sunbeams @ May 29 2006, 11:20 PM) You would need to evaluate how valuable and important you are to the company. Knowing your stand in the company, you can roughly set an expected increament range. Heh setting and getting it is 2 different matters entirely. HR is a beotch to deal with, I've never had any pleasant experience with HR in any company i've worked, they will always try to undercut the employees regardless of how much your boss say you are valued.My minimum increment would be around 20%, the highest being 30%. But then again, I know where my value is, and how important I am to the organisation. It's about demand of supply. Guess I capitalised on that. |
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May 30 2006, 11:33 AM
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Elite
5,154 posts Joined: Jan 2003 |
Mine is fixed annual increment RM100... stated in the agreement already. Anyway, I'm working in some "semi-government" organisation ;P
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May 30 2006, 11:38 AM
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1,532 posts Joined: Apr 2006 |
hr...haha they too have a budget to plan on. the more the save they more they get praised for...so lesson is make a friend in HR;P
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May 30 2006, 03:41 PM
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228 posts Joined: Mar 2006 From: Kuala Lumpur |
my ex company....a year oso not yet get confirm letter...
lagi teruk la... |
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May 30 2006, 07:12 PM
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Elite
878 posts Joined: May 2006 From: Kuala Lumpur, Penang, Bangkok, Singapore |
QUOTE(darun @ May 30 2006, 10:29 AM) Heh setting and getting it is 2 different matters entirely. HR is a beotch to deal with, I've never had any pleasant experience with HR in any company i've worked, they will always try to undercut the employees regardless of how much your boss say you are valued. That's when you need to consider other options. If you know your real worth but HR is under-cutting you, then perhaps you might prefer to move on to another organisation where your skills and capabilities will be well appreciated. |
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May 30 2006, 11:00 PM
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36 posts Joined: Jan 2006 |
QUOTE(valenlim @ May 30 2006, 03:41 PM) leave the god damn company lar...wanna rot in this company meh???i highest i get was 20% last year... but no bonus.....dammit.... This post has been edited by hokl1010: May 30 2006, 11:53 PM |
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May 31 2006, 09:06 AM
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All Stars
17,053 posts Joined: Jan 2003 |
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May 31 2006, 05:38 PM
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Senior Member
2,252 posts Joined: Aug 2005 |
at this time, anything between 5-8 % is considered good. My current coy (newly joint) can pay up to 25% increment (you have to be outstanding) !
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May 31 2006, 07:03 PM
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Senior Member
2,213 posts Joined: Jan 2003 From: 45� 04' North 7� 40' East |
syiok ah. I work nine years and have increase rm15-rm20 each year.
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May 31 2006, 07:07 PM
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Senior Member
2,352 posts Joined: Jan 2003 From: Pixelgasm |
I have no bonus and increment this year. Simple aint it. Coz the company is suffering losses. Even though u are exceptional until u can fly also quite useless. Much the same for any other public listed company. If u wan to enjoy high increment go for small companies.
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May 31 2006, 07:40 PM
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Senior Member
2,215 posts Joined: Jan 2003 From: Ipoh/Penang/PJ/Melaka |
QUOTE(cks2k2 @ May 28 2006, 03:08 PM) I believe you had a promotion + SMA included.Anyway.. it depends on which field and company you are working with.. Normally for engineer involve in RnD and DnD about 10% Product Engineers about 6% and software about 7 % Just a rough figure offered at where i am working at.. |
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May 31 2006, 09:24 PM
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Senior Member
715 posts Joined: Jan 2003 |
more than 15-20% increment shd constitute a promotion i think....
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May 31 2006, 10:17 PM
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Senior Member
3,544 posts Joined: Jan 2003 From: Puchong/Singapore |
Well, last year me and the other 'average-joe' employees got about 3-5% increment. The top performers got 10-20%. They rank your performance basically into 3 bands: Sucky, OK, and Super. I'm in R&D and work for a MNC. I hope this year they are more generous... shares shot up nearly +100% so they have no more excuses...
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Jun 2 2006, 11:21 AM
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539 posts Joined: Jan 2003 From: South Port |
0%-8%..............usually everyone gets 6%
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Jun 2 2006, 11:39 AM
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6,339 posts Joined: Jan 2003 From: Ipoh Mali ! |
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Jun 2 2006, 12:11 PM
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Senior Member
5,263 posts Joined: Jan 2003 From: FootbalLand |
I work two years in my company and i got RM 500 increasement in this two years.
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Jun 2 2006, 04:09 PM
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Senior Member
540 posts Joined: Jan 2003 From: Selangor |
As for me,just staretd working.... the remuneration were not that great though... no bonus... sigh
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Jun 2 2006, 10:13 PM
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Junior Member
138 posts Joined: Apr 2006 From: Satay City |
Does anybody got idea about
"performance based bonus"? How much normally it is? Some company has two performance based salary 1) Personal Performance Based, and 2) Company Performance Based. Any idea guys? |
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Jun 2 2006, 10:24 PM
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72 posts Joined: Sep 2005 |
1) Personal Performance Based - base on ur performance, how many products or system u handle, how fast u finish ur job, how many bugs u can fix in 1 day, how much u contribute to tat company, how late u can stay, how many works u can do, how frequent u polish boss's shoes..
2) Company Performance Based - base on profit & loss of tat company, if got cash flow problem, dun think u can get those bonus, oso base on how many customer they have, how big customer isit, how big company isit, and finally wat kind of boss isit. If the boss is good, then lucky lar... |
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Jun 10 2006, 05:54 PM
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205 posts Joined: Feb 2006 |
My ex-comp is sux, no increment and low pay. I joined a new company for a year+ and i got increment twice with a total of 26%. I dont think I can get my current pay if i work in my ex company for 5-10 years.
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Jun 10 2006, 10:18 PM
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120 posts Joined: Apr 2005 |
Have been in the working field for 1 year. Had a renumeration after 6 months and got a 15% increase. Wonder if it's good. Don't really know about the company's policy on increments or bonus yet. The next review would be in August...
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Jun 10 2006, 11:32 PM
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Senior Member
1,896 posts Joined: Jan 2003 From: Subang Jaya |
OOT: What is the standard salary adjustment upon confirmation? Let say in a medium PLC, 5-7% as well?
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Jun 10 2006, 11:49 PM
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3,544 posts Joined: Jan 2003 From: Puchong/Singapore |
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Jun 11 2006, 12:00 AM
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205 posts Joined: Feb 2006 |
QUOTE(Futura @ Jun 10 2006, 11:32 PM) OOT: What is the standard salary adjustment upon confirmation? Let say in a medium PLC, 5-7% as well? Some companies do not adjust the salary upon confirmation. Does it mentioned on your appointment letter?This post has been edited by knokie: Jun 11 2006, 12:01 AM |
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Jun 12 2006, 12:36 AM
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Senior Member
1,896 posts Joined: Jan 2003 From: Subang Jaya |
QUOTE(cjtune @ Jun 10 2006, 11:49 PM) Wow how you nego with your boss? QUOTE(knokie @ Jun 11 2006, 12:00 AM) Some companies do not adjust the salary upon confirmation. Does it mentioned on your appointment letter? Yes it was mentioned. Else I wouldn't have signed the contract lol |
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Jun 12 2006, 02:31 AM
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74 posts Joined: Jan 2003 From: KL |
i've been working my @## off for the past 2yrs in the same comp but only got increment of 6%.
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