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 Let's Talk Salary v8, Sharing Thread

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coolguy99
post Jun 26 2019, 06:49 AM

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QUOTE(stanum @ Jun 25 2019, 07:47 PM)
It's time to update my salary adjustment this year.

Old one:
New one
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Flexi working hours is nice to have these days especially when traffic is bad during peak hours.

Your dental / optical benefit is pretty good too. Most company does not provide that at all.
coolguy99
post Jun 28 2019, 10:28 AM

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QUOTE(seansingsong @ Jun 28 2019, 10:07 AM)
you all so rich. mine as below:

Job Title : Senior IT Business Analyst
Age : 29
Years spent in company : 1 year
Industry : Multiple
Employment Level : Senior Exec
Experience before joining (years) : 6 years
Highest paper qualification/ education background : Diploma
Location : KL
Average Working Hours Per Week (incl lunch hours): 40+

Monetary Payout
Basic Salary + Fixed Allowance : RM 8100/month
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Are you in the financial services industry?
coolguy99
post Jun 28 2019, 12:52 PM

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QUOTE(seansingsong @ Jun 28 2019, 10:34 AM)
yes I am .....
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I see. You are doing quite well. Do you find it difficult to move as the industry is quite niche.

This post has been edited by coolguy99: Jun 28 2019, 12:53 PM
coolguy99
post Jun 30 2019, 10:46 PM

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QUOTE(SuperhumanCat @ Jun 30 2019, 04:23 PM)
Job Title: IT Consultant
Job Description: SAP consultant for SD. Mostly support users on their issues, and work on process improvement projects.
Age: 26
Years spent in company: 3
Tenure: Permanent
Experience before joining (years): 0. My first job out of uni
Highest paper qualification/ education background: Local univ degree
Location: KL
Average Working Hours Per Week (incl lunch hours): Arnd 50 - 55h

Monetary Payout
Basic Salary + Fixed Allowance : RM6500
Contractual Bonus (months): 1.5 - 2

Benefits (where relevant):
Health Benefits: RM400 dental, RM600 vision, RM 600 clinical allowance, RM400 yearly medical checkup, gym subsidy of RM500 for a yearly contract
Transport Benefits: Free parking
Flexi Working Hours: We support users from all different timezones, so it's flexi hours. Can ask boss for work-from-home in advance. Usually approved.
Hi guys, first time posting. How is this compensation package?
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You are doing quite well in terms of basic salary. Working hours is on the high side though, but is okay since you are still young. I work those hours and most of the times more than that when I was your age biggrin.gif

Flexi hours is a plus point too. Other health benefit is normal. In terms of health insurance (hospitalization and such), make sure you have personal insurance to get you covered.
coolguy99
post Jul 3 2019, 02:15 PM

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Most companies use your current salary to draw your next salary, it is how it works in the market today.

Reveal your current salary, ask for an increment percentage that seems fair to you. There is no right or wrong in this, you can ask to double your current salary and it is up to the hr and hiring manager to judge if you are worth the money.
coolguy99
post Jul 5 2019, 10:00 AM

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QUOTE(party @ Jul 5 2019, 08:20 AM)
yes you are right though alot company will ask your current salary (some with intention to lowball you).

I got 50% increase when jumping to new company and reveal my current company salary only after agreed on the new salary cause need to submit to HR to make sure my PCB contribution to LHDN is correct.
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Usually that is the first question hr asks when they approach you no?
coolguy99
post Jul 5 2019, 02:26 PM

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QUOTE(party @ Jul 5 2019, 10:02 AM)
No. My new co hr never ask during the interview stages. They only ask after agreed on my new compensation packages n ask me submit my old salary n payslip n fill up form so they can pay the correct pcb amount for me.
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Good for you then. I have changed job 3 times. Been asked that question on all 3 occasions, hence my mindset of the question being mandatory.
coolguy99
post Jul 5 2019, 09:00 PM

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QUOTE(party @ Jul 5 2019, 06:47 PM)
You can try to not reveal and see their reactions. If really forced then no choice. Some co okay with you not revealing but will still ask cause wan to try luck.
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Maybe its my luck then. I think Malaysia HR is still stuck with the mindset of having the employee's previous salary as a benchmark for their next salary.

Is it because they couldn't judge how much is the employee is worth paying by looking at his resume and interview results?
coolguy99
post Jul 8 2019, 10:46 AM

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QUOTE(UsopSontorian @ Jul 8 2019, 10:35 AM)
Job Title : Assistant Manager (Sit in Manager box but promotion is freeze)
Job Description : Reporting
Age : 26
Years spent in company : 3 years plus
Industry : Telco (GLC)
Tenure : Permanent
Experience before joining (years) : Join once graduated (bonded 8 years)
Highest paper qualification/ education background : Degree in Finance
Location : KL
Basic Salary : RM 4,000 ++
Still bonded 4 years (already served half) if want to pay around 50k, should i jump ? Started fresh 3500, growth not so much. Unfortunately, sit in Manager box but promotion freeze till who knows when.
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You are bonded no? I don't think you have the option to jump.
coolguy99
post Jul 8 2019, 02:04 PM

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QUOTE(UsopSontorian @ Jul 8 2019, 11:16 AM)
Yup bonded, can jump if

a) pay bond, some pay little by little
b) just jump, many already jump without paying bond, not sure legal search them or blacklist or else
c) buyout from company that want you haha
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None of the options seems viable to me. Just serve your eight years la since they paid for your education.
coolguy99
post Jul 11 2019, 08:01 PM

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QUOTE(hyperbelt7 @ Jul 11 2019, 03:58 PM)
I'll rather they ask about past salary as a benchmark for next salary, otherwise what do you suggest?  I've no idea how it works at other countries though.
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Past salary as a benchmark does not work for those who feel that they are underpaid in their current job. I think that is their main concern.
coolguy99
post Jul 13 2019, 01:09 AM

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QUOTE(louis6579 @ Jul 12 2019, 07:47 PM)
Job Title : Sales Executive
Age : 26
Years spent in company :2 yrs
Company :MNC
Industry : Automotive
Tenure : Permanent
Employment Level : Executive
Experience before joining (years) :2 yrs
Highest paper qualification/ education background : MBA
Location : Selangor
Average Working Hours Per Week (incl lunch hours): 45 hours

Monetary Payout
Basic Salary + Fixed Allowance : RM 4,200
Performance, Variable Bonus & Commissions (months) : 2 mths

Benefits (where relevant) :
Health Benefits : Company Insurance
Transport Benefits : Outstation claimable
Mobile / Internet / Gadget Benefits : RM 100
Other Benefits : OT claimable

I have several questions in my mind, and would like to seek for the advice:
1. Would it possible for me to jump into investment/banking field with no financial or banking experience/background?
2. How much money to ask for my next job salary negotiation?
3. Can I use current job salary as benchmark to request for at least 15%~20% increase? Or what is percentage of increase/decrease sound reasonable for jumping into new field?
4. Does CFA help in this case? I am planning to take CFA course in 2020.

appreciate if you can share some advices to me. smile.gif
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What is your MBA about?
coolguy99
post Jul 16 2019, 08:27 AM

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QUOTE(adamfoo90 @ Jul 16 2019, 01:38 AM)
My first time posting here as well

Job Title : Service Engineer (Technical)
Job Desciption : Perform onsite repair duties on HP brand printers mostly.
Age : 25
Years spent in company : 4 months currently but overall 3 years + working with HP
Industry : IT Solutions/ Services
Employment Level : Technician
Tenure : Permanent
Experience before joining (years) : 8
Highest paper qualification/ education background : SPM
Location : KL
Average Working Hours Per Day (incl lunch hours): 9 hours, Monday to Friday

Monetary Payout
Basic Salary + Fixed Allowance : RM 3,300
Contractual Bonus (months): Na
Performance, Variable Bonus & Commissions (months) :
There's only case attendance allowance which if you attended more than 50 cases. Each cases are to be counted as RM 10 per case (Start counting from 51st case)

Benefits (where relevant) :
Health Benefits : Medical claims
Transport Benefits : N/A, All depending on my given allowance.
Mobile / Internet / Gadget Benefits : Phone bill covered
Flexi Working Hours : 10am - 5pm if case gets too complicated
Other Benefits :

I thought of jumping because the company haven't gave me my appointment letter, considering me as a ghost employee but salary still pays up to date.
Even my confirmation is still under evaluation. But given by allowance is not enough to cover for my car maintenance + fuel + toll + parking.
I wanted to discuss with my employer about this but then I'm unable to since I'm not given a clear instruction if I'm a confirmed staff or not.
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Are you still under probation? Did your offer letter state how many months of probation that you have to go through?
coolguy99
post Jul 16 2019, 04:30 PM

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QUOTE(Hardcore Leveling Warrior @ Jul 16 2019, 01:13 PM)
i worked in my current company (MNC) for 8 years, current salary (including allowance) is RM10k. still not in senior position.

how much should i expect if promoted to senior position?
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Does the title really matters? Having a different title means different responsibility that is all.

I have been promoted to senior before and the increment is just slightly better than my normal annual increment. To me it is not worth it as my workload is almost doubled after that.
coolguy99
post Jul 16 2019, 10:01 PM

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QUOTE(GenericGuy @ Jul 16 2019, 06:05 PM)
Using a throwaway account as I'm a lurker in /k and my username could be a giveaway for such a small industry  wink.gif

Job Title : Sell-side equity analyst
Job Description : Provide equity research services and investment recommendations to buy-side analysts and fund managers
Age : <30 yrs old
Years spent in industry : >5 yrs
Industry : Finance
Employment Level : Irrelevant
Tenure : Permanent
Highest paper qualification/ education background : Degree, CFA
Location : A local broker in KL
Average Working Hours Per Day (incl lunch hours): Varies from 30-80 hrs a week, but need to clock in early in the morning at 7+ am

Monetary Payout
Basic salary & bonus : Around RM300k per annum

Remarks
- Team structure is relatively flattish and your value is entirely dependent on your own franchise a.k.a. recognition from the clients and how much they value your input and ideas, also the intensity of the services provided
- The revenue pie is definitely shrinking as clients are gradually cutting the brokerage rates to reduce trading cost and also due to the onset of algo trading and more DMA-based trading. Therefore, the stockbroking career isn't as lucrative as what it was years ago. The current mundane market also does not help
- Since research reports are more or less viewed as being commoditized due to the sheer amount of analysts covering the same set of companies, the challenge is always about how to provide value-added insights to the industry
- The best perk is that I can dictate my own entire work and pace, hence the flexibility in when and where I do my work. This could also backfire as there are no concrete deadlines on our work
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So you are those who writes stock recommendations?
coolguy99
post Jul 23 2019, 09:24 AM

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QUOTE(adamfoo90 @ Jul 22 2019, 11:21 PM)
By right It only stated 3 months Probation.

But the key is that, Up till now I have yet to receive my appointment letter. It's been like... 4 months+ since i worked here.
So I'm like ghost employee now.
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I think you have to be proactive and contact HR about this. I am sure they can give you an answer.
coolguy99
post Jul 24 2019, 05:38 PM

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QUOTE(dukehiruma @ Jul 24 2019, 04:51 PM)
Job Title : Senior Service Desk Analyst
Job Description : Local IT Support
Age : 31
Years spent in company : 1
Industry : Shared Service
Experience before joining (years) : 7+ years
Highest paper qualification/ education background : Degree in Computer Science
Location : Bangsar South
Average Working Hours Per Week (incl lunch hours): 9 hours Mon to Fri

Monetary Payout
Basic Salary = 4300
Allowance = 700
Contractual Bonus (months): n/a
Performance, Variable Bonus & Commissions (months) : mths

Anyone in the same field as me? I feel like I'm a little underpaid. Considering my basic salary only 4.3k for 31 years old guy haha
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I think it is based on the industry you are in. Have you checked how much your compatriots are making in the same industry?
coolguy99
post Jul 25 2019, 10:15 AM

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QUOTE(dukehiruma @ Jul 24 2019, 08:27 PM)
Mostly 6-7k for Senior Position.
cry.gif  cry.gif
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I think for shared service there is a pay ceiling, especially for operation related jobs. Maybe try out a new role?
coolguy99
post Aug 3 2019, 10:56 PM

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QUOTE(ventolin @ Aug 3 2019, 11:25 AM)
Eh you guys. By tenure it means whether your job is contract or permanent la. How come got rent?
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I think he meant contract gua. It is 'rent' in some way.
coolguy99
post Aug 13 2019, 09:24 PM

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QUOTE(annon0192 @ Aug 13 2019, 05:58 PM)
Job Title : Web Developer
Job Desciption : Develop website backend
Age : 21
Years spent in company : <1year
Company : -
Industry : IT
Tenure : Permanent
Employment Level : Junior
Experience before joining (years) : 0
Highest paper qualification/ education background : Diploma
Location :
Average Working Hours Per Week (incl lunch hours): 9am - 6pm

Monetary Payout
Basic Salary + Fixed Allowance : RM3000
Contractual Bonus (months): -
Performance, Variable Bonus & Commissions (months) : Don't know yet as this is a new position

Benefits (where relevant) :
Health Benefits : 700/year
Transport Benefits : -
Mobile / Internet / Gadget Benefits : -
Flexi Working Hours : -
Other Benefits : -
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That is a very decent starting salary you have there. All the best in your new career!

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