QUOTE(ju146 @ Jul 28 2015, 10:23 AM)
I agree with this, and technically I don't understand why future employer needs your payslip. Your next job compensation should base on the evaluations and appreciation from the employer, not %mark up from the current pay.
However, %mark up is still the common way for individual to indicate their expected salary
Hey guys, thanks for the replies. Only after posting here did I stumble upon entire threads dedicated to this topic. So I have read quite extensively our fellow members comments and sort of summarised the following:
1. Employers want to verify your present pay range/employment status. Reasons: Check candidate's honesty (if indeed this is the method in doing so, this is a really silly reason), check competitors' package, check market rates, etc.
2. Employers want to avoid paying too exorbitantly for a person who may not be standout material for a mid- or entry-level position of which the talent pool may be bigger where it is relatively easier to dispense and replace candidates.
3. Employers stand to have the upper hand in offer negotiation since they have control over one important element which for most people can be the most important.
4. Candidates can reject such requests (reason: P&C, is PDPA applicable?) or choose to withdraw from the job application, though less educated/qualified/experienced candidates usually unquestioningly comply.
5. Candidates may go ahead and give out their payslips if they feel that a % markup is what they are gunning for (esp for similar level jobs)
6. I will bring along my pay slip and try to enquire the purpose of submission. I don't suppose any silly reason is going to be valid and I may need to submit this to them reluctantly or risk dropping out of contention altogether. As I am aiming for a career change (from academic to industry), any % markup on my existing salary will be welcome. Indeed, I am actually worried whether I will get offered the chance even with a pay cut. This is not to say that my present salary is very high, but I'd be the first to admit that I have little industrial experience in the job I am interested in. Getting invited to an interview, I suppose, is a mini victory.
Going for two interviews this Friday, hope the stars will be on my side.