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 Let's Talk Salary v8, Sharing Thread

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coolguy99
post Aug 19 2019, 10:02 AM

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QUOTE(rosella96 @ Aug 18 2019, 09:52 AM)
Hi, I got an offer to an Executive, Business Consultant (Functional Analyst/Application Support) position

Age : 23
Salary : RM 2650 + 250 fix car allowance
Benefit: Medical
Probation period - 6 months.
Increment after probation depends on performance.
on and off have job related training
Working hour - weekdays only 8:30am-6:00pm
                      saturday need to standby half day (from home)
Company - IT Service (automotive industry)
Tenure - Permanent
Experience before joining - 0
Highest paper qualification/ education background : degree of IT
Location : Seri Kembangan
Is the pay reasonable?
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Do you know what is your job scope for this position?
coolguy99
post Aug 19 2019, 07:52 PM

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QUOTE(theONE99 @ Aug 19 2019, 06:01 PM)
New post as I'm starting a new job in September 2019 smile.gif

Job Title : PMO Manager
Age : 29
Years spent in company : To start in September 2019
Tenure : To start in September 2019
Experience before joining (years) : 7.5 years
Highest paper qualification/ education background : Bachelor Degree
Location : Kuala Lumpur
Average Working Hours Per Week (exclude lunch hours): 40 hours per week

Monetary Payout
Basic Salary + Fixed Allowance : RM12000 gross basic salary
Contractual Bonus (months): Getting 3 months joining bonus is a good start smile.gif
Performance, Variable Bonus & Commissions (months) : Performance Bonus depends on KPI rating, no figure yet.

Benefits (where relevant) :
Health Benefits : Medical Card & Life Insurance, RM6000 annual flexi-claim limit (Out-patient, Dental, Optical, Gadgets Purchase, Holiday Expenses)
Transport Benefits : None
Mobile / Internet / Gadget Benefits : RM300 mobile & internet bills per month
Flexi Working Hours : Yes
Other Benefits : Will explore if any after joining the company
My previous posts in this topic:
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Wah 6k annual health benefit. Sounds like Axxxxxxxx
coolguy99
post Aug 20 2019, 01:50 PM

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QUOTE(theONE99 @ Aug 20 2019, 11:48 AM)
Nope. There are more corporate in the regions that have similar benifits smile.gif
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Haha just a wild guess. All the best man.
coolguy99
post Aug 22 2019, 08:56 AM

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QUOTE(HouseHunter @ Aug 22 2019, 01:41 AM)
All Taiko can give some advice on my job career. I'm 37 and staying in KL now. I received offer from Intel and signed the offer letter dy, going to report work soon. At the same time i received offer from Mimos malaysia. Their offer base salary is higher than Intel but Mimos is contract base given 1 year for new employee.
Now I'm in the dilemma choosing which one to go, but of course i need to report myself to Intel first while thinking.
Let me break down a bit on these two company.

Intel
Salary: RM11500
contractual bonus: 1.5 month
bonus: performance and quaterly
medical coverage: RM8k (include family)
EPF: 14%

Mimos:
salary: RM13k
bonus: 1 - 2 months (Not sure HR got tipu or not)
EPF: 12%
Contract basis: 1 year.

The dilemma because I got family and kids plus my property is in KL also. Any advise on this Mimos company?
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Permanent job for sure bro. The company is Intel, a very reputable company, and permanent employees usually get more benefit as compared to contract.
coolguy99
post Aug 23 2019, 09:24 AM

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QUOTE(D-Frog @ Aug 23 2019, 02:23 AM)
Job Title :  Software Developer
Job Desciption : Full Stack Developer
Age : 23
Years spent in company : 3months
Company : MNC, not very sure.
Industry : Fintech
Tenure : Permanent
Employment Level : Executive
Experience before joining (years) : 0.5years
Highest paper qualification/ education background : Degree in Computer Science related
Location : Selangor
Average Working Hours Per Week (incl lunch hours): 40-45

Monetary Payout
Basic Salary + Fixed Allowance : RM 4200 + 500. Exclude lunch allowance
Benefits (where relevant) :
Health Benefits : Panel clinic
Transport Benefits : Gym, mobile and merchandise discounts.
Mobile / Internet / Gadget Benefits : -
Flexi Working Hours : -
Other Benefits : Parking?
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Wow I am really interested which tech company pays so well in MY. Mind to pm me the company name?
coolguy99
post Aug 23 2019, 03:24 PM

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QUOTE(FutureBuilder @ Aug 23 2019, 01:34 PM)
Is your Fintech related to gambling industry?  By the way, your package is above average.  thumbup.gif
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My guess is banking.
coolguy99
post Sep 3 2019, 09:25 AM

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QUOTE(c9313h @ Sep 3 2019, 12:19 AM)
My family and I live in KL but I don't think I will be coming back so often. Probably once in a month.

I was just thinking while I'm still not married and perhaps could save more if I try to live frugally in SG, maybe in that manner I could give it a try?
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If you ask me yes just give it a go. As you grow older and you become 'attached' to your job, either due to commitment or family, it becomes harder to move.
coolguy99
post Sep 3 2019, 12:59 PM

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QUOTE(budang @ Sep 3 2019, 10:16 AM)
TBH in IT industry especially programmer, fetching commendable salary is really not all that uncommon. Me and two other peers from the same uni and same course graduated at the same time, and both of them are fetching 5 figures already, 28 & 29 years old. I just turned 27 this year, an inch from 5 figure but not there yet although if take bonus into account I'm already there. While a number of my juniors also already fetching 5 figures salary, posting their 'visa infinite' credit card on social medias to show off their achievement  laugh.gif

It's a good industry to be in at this tech centric era. But really have to be up to date on the new techs available.
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Not just programmers, I think IT industry in general is doing quite well nowadays. Same goes to those in the project management side (PM and BA).
coolguy99
post Sep 4 2019, 12:05 AM

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QUOTE(c9313h @ Sep 3 2019, 01:56 PM)
Thanks for the reply guys. Appreciate it  smile.gif
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Keep us updated on how it goes. All the best man!
coolguy99
post Sep 5 2019, 11:28 PM

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QUOTE(filage @ Sep 5 2019, 07:19 PM)
Hawker food in Sg really worse than Malaysia food?
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I think it's pretty good though, at least for the ones that I've been to, mainly Old Airport Road Food Centre and some hawker centres around the housing areas.
coolguy99
post Sep 12 2019, 01:08 PM

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QUOTE(Ashhh @ Sep 12 2019, 11:25 AM)
Field : Banking/Financial Services
Age : 29
Position : Risk Controller
Company : GBS
Years in company : 4 years
Experience Before joining : 7 months
Basic salary : MYR3.5k
Allowance : NIL
Overtime : NIL
Graduated with Degree in International Business
Work : 5 days a week, 8 hours per day

Is my salary reflect the standard one in the industry?
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With close to 5 years experience, I would say you are slightly underpaid. Employees with your experience should earn around 5-6k normally.
coolguy99
post Sep 13 2019, 08:45 PM

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QUOTE(WhiteMoonZ1 @ Sep 13 2019, 06:26 PM)
Hello everyone, I’m a Professional Gamer and my monthly salary is RM12K/M. I’m currently 20 years old. I just play for 3 hours/D until i complete 60 hours of stream/M. Thoughts on my future?
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You just stream and can get 12k per month? How is that possible lol.
coolguy99
post Sep 14 2019, 10:46 PM

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QUOTE(LokhonSporrow @ Sep 14 2019, 01:23 AM)
I thing that what in their contract. Most of the pro gamer need to stream and certain of amount of time and get paid what they already offer per month. Other than that if they get donation from other people while steaming.
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Do you stream on twitch? Share me your channel link I am interested to follow!
coolguy99
post Sep 16 2019, 04:39 PM

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QUOTE(Zackwong6167 @ Sep 16 2019, 04:38 PM)
This year has been really well for me. Grateful

Field : Big Data
Age : 23
Position : associate
Company : M&C
Years in company : 10 months
Experience Before joining : 0
Income : RM3600

Online Side Business
Running for 1 year+
Income : RM15000-19000

I need advise on how to calculate my tax for my case. Would wanna reduce my tax payout if possible
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What online side business you are doing? Mind sharing?
coolguy99
post Sep 18 2019, 11:04 AM

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QUOTE(jitshiong @ Sep 18 2019, 09:30 AM)
I've jumped shipped quite a number of times.....i noticed that talking to the manager/management is pretty much useless.....they will only act when u throw in the letter. But by then, i've made up my mind and it's meaningless to counter-offer. Not sincere.
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Yes this is applicable to most managers as they have this if it’s not broken why change attitude. This type is conversation is very difficult to start with managers unless you are close to them.
coolguy99
post Sep 18 2019, 11:46 AM

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QUOTE(jitshiong @ Sep 18 2019, 11:22 AM)
It's not hard to start, should be quite easy as the direct manager is the one you report to. You should have a good relationship with him/her.
What's is hard is to see a result from that conversation. Usually, maybe something will happen....maybe like 10% increment etc, but the job offers that comes will be like 25% or more.....too tempting to not go for the higher increment.
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The catch is the risk that comes along with the new job, new environment, new people, if the 25% increment is worth the risk that comes along with the new job
coolguy99
post Sep 23 2019, 11:44 PM

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QUOTE(seansingsong @ Sep 23 2019, 03:31 PM)
attended an interview @ PJ .. everything was smooth .. after few days of interview . they called me just to inform that I'm not successful due to they have "Gender preference" .. W.T.F

never mentioned earlier ... and wasted my time and money .
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Gender preference? If they told you that will it be grounds for discrimination?
coolguy99
post Oct 1 2019, 12:27 PM

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QUOTE(CareerSifu @ Oct 1 2019, 12:06 PM)
Hands down I'd take the Intel offer over the Mimos one. Here's a recruiter (I've done both agency side and in-house) perspective on why:

1. Never look at variable pay when evaluating an offer as that always depends on too many factors that are beyond your control (despite what any HR department can promise you), eg. economic downturn, team KPIs, company revenues, bankruptcy, stock price, and maybe individual performance (but trust me that will be the smallest component in the calculations). So taking Intel's fixed annual pay (RM 155,250) and comparing it with Mimos (RM 156,000), Intel is RM 750 less on an annual basis. Spare change if you ask me if you compare that to #2.

2. Intel's additional 2% contribution on EPF versus Mimos.
Per year that's a difference of slightly more than RM 3,000 in EPF contributions that Intel makes more than Mimos. Now of course that's not money that you see today nor that you can use. But if you believe in the idea of compounded interest (everything good in life comes from compounded interest), then an average returns of 6% EPF dividend is going to do wonders for your future needs/retirement.

3. Better economic stability with a permanent role vs. contract. I'm not entirely against contract positions but the pay has to at the very least 30-50% an offer that you might be able to get elsewhere for a permanent role. 30-50% of RM 11,500 is far more than RM 13,000. If you really want the Mimos offer, I'd say leverage your Intel offer to get them to make the deal sweeter for you. Tell them about the risk you are taking on, the lack of ability to get bank or car loans for the next 12 months, being left out cold without a job 12 months from now, etc.

4. Medical coverage of RM 8,000 for self and dependents is pretty sweet for an MNC already. Do check and verify what medical coverage here means exactly, is it all outpatient and specialist visits? Can it include dental/optical claims? Is hospitalization (better be), GPA, and GTL on a different plan?

5. You have family + mortgage to pay for on a monthly basis. Do you have enough 6-month rainy day savings to tide you and your family over if you indeed find it hard to secure another job after Mimos / Mimos does not renew their contract or convert you?
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This is a piece of well written advice and should be on the front page for the benefit of all!
coolguy99
post Oct 2 2019, 09:35 PM

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QUOTE(fuak everyone mother @ Oct 2 2019, 08:08 PM)
Job Title : Business Development Manager - Strategy and Innovations
Job Desciption : Change management. Explore new businesses opportunities. Think of ways to increase profit.
Age : 24
Years spent in company : 2 years 1 month. Joined first as management trainee. After 18 months become assistant manager. Just got my promotion last month.
Industry : Conglomerate mainly construction, manufacturing and trading
Tenure : Permanent
Employment Level : Managerial
Experience before joining (years) : 2 years in retail management and high ticket sales.
Highest paper qualification/ education background : Halfway through my MBA part time. Degree in mechanical engineering.
Location : Selangor
Average Working Hours Per Week (incl lunch hours): 40 hours, but flexible.

Monetary Payout
Basic Salary + Fixed Allowance : RM10,500
Performance, Variable Bonus & Commissions (months) : Average 2 mths

Benefits (where relevant) :
Health Benefits : Medical card
Transport Benefits : Petrol card and company car (just gotten my first company car mazda cx5)
Mobile / Internet / Gadget Benefits : Claimable up to RM150 per month
Flexi Working Hours : Yes
Other Benefits : Gym membership reimbursement, sport club
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Is this job based in Malaysia?
coolguy99
post Oct 10 2019, 09:23 AM

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QUOTE(dayalan86 @ Oct 10 2019, 08:48 AM)
Yearly renewable contract, kinda risky but I'm seconded for Petronas project
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Are you 33 this year? Wouldn’t you feel insecure?

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