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Earning Salary More than RM 5K, Those below 28, share ur tips here!!
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curlyfries
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Oct 12 2007, 02:50 PM
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QUOTE(clawhammer @ Oct 12 2007, 02:23 PM) It is so subjective and in big companies, there's always a salary range. For example, a PM can earn between 8K-10K and it depends on a lot of factors. What kinda factors? Years of experience? Value of projects handled ?
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curlyfries
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Oct 12 2007, 03:36 PM
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QUOTE(clawhammer @ Oct 12 2007, 03:04 PM) Years of experience is definitely a factor and your current pay is also another one when you jump jobs. First example - Company A wants to hire a project manager and financially budgeted around RM10K. After interviewing, there are 2 candidates which will be offered - one which is earning RM6K now and the other RM8K. Although both of them requested for 10K, the HR would not offer a 4K jump for the guy that currently earns 6K (unless we talk about exception cases). That is the reason why there is a range, etc. Another example - You start working as a junior engineer for RM2K and eventually promoted to senior engineer. You get a reasonable promotion increment, let's say 10%-15% and yearly increment is approximately 5%-7%. After 5 years of working, you're promoted to Project Manager. Unfortunately, they won't give you a 4K increase and make you level up with the newly hired PM's earning 10K / month. Generally, this is what which normally happens. Nevertheless, there are always exception in all cases  With regards to your 2nd example, this person after 5 years will only be earning around 3K though he has been promoted to Project Manager. Compared to the newly hired Project Manager, there's a 6-7K difference in pay? Wow!
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curlyfries
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Oct 12 2007, 05:11 PM
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QUOTE(clawhammer @ Oct 12 2007, 05:07 PM) Unfortunately, that's the case but of course the gap wouldn't be 6-7K but maybe they'll pay you 5K-6K where new hires are 10K  Added on October 12, 2007, 5:08 pmThe concern for such jobs is no longer about the money but worklife balance. If one can sacrifice that then no problems for sure  Do you mean to say if they hire a new PM who is paid 10K, your pay will be increased to 5-6K? Hmm...
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