QUOTE(azraeil @ Sep 14 2011, 01:05 PM)
Previously the so called benefits was one of the reasons HR was very reluctant to make the salary competitive. I was in a task force that mentioned that this "invisible" benefits was doing more harm than good. It is better if you raise the salary scheme (especially for the technical people) by 40-50% and let them decide on what benefits they want. I mean car loans in Petronas was at 4% revolving interest (which is equivalent to 2% fixed rate on the amount of loan Petronas was giving out) and the market outside was giving around 2.2% fixed rate ... what do you like better, a 30% increase in salary or getting the car loans internally ...
Same goes with the housing loan, yes the rate is a bit higher outside, but if your salary is high enough, not only will it allow the company to retain good skilled people but it will attract people from the outside to join as well.
Took them 5 years to implement ... by that time, I was gone (fed-up to see that nothing was being done .... not until my initiative leader became the President/CEO of Petronas) ...
Anyway, I still say that working in Petronas is a lot of fun and I would not hesitate to return there (maybe when the kids have gone to college) to "berbakti" to the nation again I guess.
Dear azraeil,Same goes with the housing loan, yes the rate is a bit higher outside, but if your salary is high enough, not only will it allow the company to retain good skilled people but it will attract people from the outside to join as well.
Took them 5 years to implement ... by that time, I was gone (fed-up to see that nothing was being done .... not until my initiative leader became the President/CEO of Petronas) ...
Anyway, I still say that working in Petronas is a lot of fun and I would not hesitate to return there (maybe when the kids have gone to college) to "berbakti" to the nation again I guess.
i left out something, by the way, what range of expected salary i should put presuming i am new in the industry but have more than 8 years experiences....sigh...another headache...but your recommendation on paddy bowie write up is a good one...i read thru and have yet to finish. Thanks alot!
Sep 15 2011, 09:01 AM

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