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 Let's Talk Salary v8, Sharing Thread

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000022
post Dec 19 2021, 05:46 PM

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QUOTE(Kelangketerusa @ Dec 1 2021, 06:31 PM)
Update:

Job Title : VP of HR
Job Desciption : Heading the Rewards team
Years spent in company : new
Company : - Int Bank
Industry : Banking
Employment Level : permanent
Experience before joining (years) : 9
Monetary Payout
Basic Salary + Fixed Allowance : RM40,000
Contractual Bonus (months): non
Performance, Variable Bonus & Commissions (months) : average 4 mths, normally 3-4+

Benefits (where relevant) :
Health Benefits : 8k med, annual medical checkup
Transport Benefits : car allowance, parking, travel claims
Mobile / Internet / Gadget Benefits : 200 p/m
Other Benefits : normal bank benefits
*
Rewards team? As in managing the guidelines of compensation packages of the company in general? That's some explosive salary increment in 3 years. What are your responsibilities in the comp?
Moshpit94
post Dec 20 2021, 10:39 AM

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QUOTE(Moshpit94 @ Sep 18 2021, 02:02 AM)
Hey y'all, I managed to get an offer today and below is the updated salary:

Upcoming Job

Job Title: Senior Software Engineer
Job Desciption:
# .Net/Angular/React development web based to manage Fleet Management System for Network and Workforce tracker
# Participate in daily scrum meeting and contribute to the team
# Participant in Enterprise Architecture meeting to give advice, decision, and direction
# Supervise, train, and set goals for Junior Devs

Age: 27
Years spent in company: 0
Company: MNCs
Industry: Network Monitoring Tools / Telecommunication
Employment Level: Permanent
Experience before joining (years): 4 Years 9 Months
Highest paper qualification/ education background: Degree in ICT | Major: Software Engineering | Minor: Corporate Management
Location: TTDI Office, Home at Damansara but maybe will move to Rawang in 2022
Average Working Hours Per Week (incl lunch hours): 40 (8 Hours/day) but flexible and no need to attend full 8 hours (as long work finish)

Monetary Payout
Basic Salary + Fixed Allowance: MYR6,500.00 + MYR 300 Fixed Allowance + 13th Month Salary Bonus

Benefits (where relevant) :
Health Benefits: AIA Medical Coverage (Didn't get the details yet.
Transport Benefits: Null
Mobile / Internet / Gadget Benefits: Null
Flexi Working Hours: Yes (Hybrid WFO WFH)
Other Benefits: Unlimited AL, MYR 1,200 Flexible Allowance Claim (Gym, Spa, Hotel, Travel, etc), Parking provided, 16% EPF Contribution
Also updated previous company Bonuses for references.
What do you guys think on my career journey so far? Underpaid, Average, or Good?

I got almost 71% increment jump (calculated from basic salary) and I'm sooooooooo happy.

*
New offer ! Only 2 Months work in new co then got another offer lol.


Upcoming Job

Job Title: FULL STACK DEVELOPER - INTERMEDIATE LEVEL
Job Desciption:
# .NET Developer
# React/Angular Developer
# DevOps CI/CD
# Business Support & Enhancement
# R&D for IOT solution for Offshore Oil Rig


Age: 27
Years spent in company: 0
Company: MNCs
Industry: Oil & Gas
Employment Level: Contract 2 Years
Experience before joining (years): 5 Years 1 Months
Highest paper qualification/ education background: Degree in ICT | Major: Software Engineering | Minor: Corporate Management
Location: Nearby KLCC
Average Working Hours Per Week (incl lunch hours): 40 (8 Hours/day) but sometimes need to support after office hour with diff timezone team.

Monetary Payout
Basic Salary + Fixed Allowance: MYR 9,500.00
Benefits (where relevant) :
Health Benefits: Great Eastern Medical Coverage
1. Outpatient: Unlimited
2. Hospitalization : 50k Annually
3. Dental: 1K Annually
Coverage include spouse and kids.

Transport Benefits: Null
Mobile / Internet / Gadget Benefits: Null
Flexi Working Hours: Office based but currently WFH due to Covid
Other Benefits: 12% Employer EPF Contribution, No Bonus, No Increment during contract.
Man of Tomorrow P
post Dec 20 2021, 08:47 PM

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I'm still studying , I'm eager to know which industry sector has better pay . Semicon or manufacturing . Any Sifu can tell the salary, location and qualifications. I'm from mechanical engineering. Oil and gas is interesting but tadak kebel

icebryanchan
post Dec 21 2021, 10:21 AM

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QUOTE(Man of Tomorrow @ Dec 20 2021, 08:47 PM)
I'm still studying , I'm eager to know which industry sector has better pay . Semicon or manufacturing . Any Sifu can tell the salary, location and qualifications. I'm from mechanical engineering. Oil and gas is interesting but tadak kebel
*
don't ever go to manufacturing sector. It is like the lowest rank of engineering ( long working hour, low pay ). Also in manufacturing the turnover is so high that they don't even bother to filter for candidates. They just accept whoever comes in to apply for the job. So in long run, manufacturing companies are usually the last choice for engineers to go. No offence to anyone but it tends to be the "second tier engineers to-go" due to the "whoever come I also accept" policy.

99% of manufacturing companies are toxic. Toxic not in the things they manufacture, but the management. Everyday you are getting scolded by managers, and you will go scold your technicians and operators. Just to get those yields up, just to get those production lines running. You will be surrounded by negativity almost EVERYDAY.

In contrast, RnD kind of engineering companies will always select the "better" engineer, filtering away those with normal result and tend to accept first class honor engineers only. This is the kind of companies that usually give u good work-life balance, great benefits, great career growth.

Not saying RnD companies are toxicless, but things are at more ease there. Discussion instead of accusations, meeting instead of brainwashing. Also the pace is also slower there as everything is deadline based. (Manufacturing has no deadline, every second is deadline)

If you are still studying now, my advice is to work as hard as u can to get that first class honor results. So when you graduate next time, you can get a lot good offers from great companies.
Kelangketerusa
post Dec 22 2021, 11:49 AM

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QUOTE(000022 @ Dec 19 2021, 05:46 PM)
Rewards team? As in managing the guidelines of compensation packages of the company in general? That's some explosive salary increment in 3 years. What are your responsibilities in the comp?
*
You are right. Generally it's setting the guidelines and principles around compensation strategies via areas such as pay, benefits and incentives.

A lot of it tends to be around crafting and reporting the HR comp strategies and outcomes to the CEO and Board.
000022
post Dec 24 2021, 10:39 AM

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QUOTE(Moshpit94 @ Dec 20 2021, 10:39 AM)
New offer ! Only 2 Months work in new co then got another offer lol.
[SNIP]
*
Oh wow, that consecutive jump. SE field seems super lucrative nowadays. What are some of your primary resp in the company? The new company was ok with your short tenure?


QUOTE(Kelangketerusa @ Dec 22 2021, 11:49 AM)
You are right. Generally it's setting the guidelines and principles around compensation strategies via areas such as pay, benefits and incentives.

A lot of it tends to be around crafting and reporting the HR comp strategies and outcomes to the CEO and Board.
*
Hmm, so next progression would be stepping into the c-level?

This post has been edited by 000022: Dec 24 2021, 10:41 AM
RavagerX
post Dec 24 2021, 07:01 PM

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QUOTE(Moshpit94 @ Dec 20 2021, 10:39 AM)
New offer ! Only 2 Months work in new co then got another offer lol.
Upcoming Job

Job Title: FULL STACK DEVELOPER - INTERMEDIATE LEVEL
Job Desciption:
# .NET Developer
# React/Angular Developer
# DevOps CI/CD
# Business Support & Enhancement
# R&D for IOT solution for Offshore Oil Rig
Age: 27
Years spent in company: 0
Company: MNCs
Industry: Oil & Gas
Employment Level: Contract 2 Years
Experience before joining (years): 5 Years 1 Months
Highest paper qualification/ education background: Degree in ICT | Major: Software Engineering | Minor: Corporate Management
Location: Nearby KLCC
Average Working Hours Per Week (incl lunch hours): 40 (8 Hours/day) but sometimes need to support after office hour with diff timezone team.

Monetary Payout
Basic Salary + Fixed Allowance: MYR 9,500.00
Benefits (where relevant) :
Health Benefits: Great Eastern Medical Coverage
1. Outpatient: Unlimited
2. Hospitalization : 50k Annually
3. Dental: 1K Annually
Coverage include spouse and kids.

Transport Benefits: Null
Mobile / Internet / Gadget Benefits: Null
Flexi Working Hours: Office based but currently WFH due to Covid
Other Benefits: 12% Employer EPF Contribution, No Bonus, No Increment during contract.
*
Hi, how did the conversation go when you tell your new direct manager you're jumping again just after 2 months? would like to know what to say in this situation.
And since you WFH, did you have to return any company gadgets to office all over again?

lordgamer3
post Dec 24 2021, 07:08 PM

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QUOTE(icebryanchan @ Dec 21 2021, 10:21 AM)
don't ever go to manufacturing sector. It is like the lowest rank of engineering ( long working hour, low pay ). Also in manufacturing the turnover is so high that they don't even bother to filter for candidates. They just accept whoever comes in to apply for the job. So in long run, manufacturing companies are usually the last choice for engineers to go. No offence to anyone but it tends to be the "second tier engineers to-go" due to the "whoever come I also accept" policy.

99% of manufacturing companies are toxic. Toxic not in the things they manufacture, but the management. Everyday you are getting scolded by managers, and you will go scold your technicians and operators. Just to get those yields up, just to get those production lines running. You will be surrounded by negativity almost EVERYDAY.

In contrast, RnD kind of engineering companies will always select the "better" engineer, filtering away those with normal result and tend to accept first class honor engineers only. This is the kind of companies that usually give u good work-life balance, great benefits, great career growth.

Not saying RnD companies are toxicless, but things are at more ease there. Discussion instead of accusations, meeting instead of brainwashing. Also the pace is also slower there as everything is deadline based. (Manufacturing has no deadline, every second is deadline)

If you are still studying now, my advice is to work as hard as u can to get that first class honor results. So when you graduate next time, you can get a lot good offers from great companies.
*
I agree its the worst industry tht underpay like fark besides working for telco subcon le. This 2 engineering industry most sohai ones . I regret doing engineering degree n ever work in these 2 cock industries cz the pay really like balls. Lucky i fark off from engineering . U see all those IT farks main code , finance farks most numbers n some compliance. Engineer need to do shit tonnes more but pay peanut. I say mfg semicon line freshie do more capable then VP in FI.

lordgamer3
post Dec 24 2021, 07:09 PM

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QUOTE(Man of Tomorrow @ Dec 20 2021, 08:47 PM)
I'm still studying , I'm eager to know which industry sector has better pay . Semicon or manufacturing . Any Sifu can tell the salary, location and qualifications. I'm from mechanical engineering. Oil and gas is interesting but tadak kebel
*
Mechanical try civil or some RnD related semicon/mfg in Msia is balls.

This post has been edited by lordgamer3: Dec 24 2021, 07:09 PM
Moshpit94
post Dec 25 2021, 12:48 AM

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QUOTE(000022 @ Dec 24 2021, 10:39 AM)
Oh wow, that consecutive jump. SE field seems super lucrative nowadays. What are some of your primary resp in the company? The new company was ok with your short tenure?
Hmm, so next progression would be stepping into the c-level?
*
I can say SE is lucrative if you equip the right skillset. Sometimes your future employer does not expect you to be super powerful in coding or who's the latest to use new stack, they expect at least you know how to deliver what they want. After countless of interview for the past 5 years, been into GLCs (Financial Institution), MNCs, and upcoming Oil & Gas, I must say you also need to have the soft skills to talk, negotiate, presentation skills, and personal effort like github repo, fun project etc. It does help a lot.

However luckily throughout my journey, I've landed a job where the colleague, supervisor are quite supportive on my career progress regardless of age, race, or background. When I told my current co. that I'm going to resign, my immediate boss contacted me and what I did is be honest (but please don't be too honest tell which co etc, just give honest answer with short explanation) with him. I had no grudge and love working here, however this new co. offer better packages, job scope and opportunity. Obviously I said to him the package does matter because I have family, the inflation issue recently etc so I need to game up my daily survival.

Guess what? He did tried to help to match my new package but unsucessful because to high in margin. However he is very supportive, and wish me luck, keep in touch yada yada yada.


QUOTE(RavagerX @ Dec 24 2021, 07:01 PM)
Hi, how did the conversation go when you tell your new direct manager you're jumping again just after 2 months? would like to know what to say in this situation.
And since you WFH, did you have to return any company gadgets to office all over again?
*
I sent my resignation letter to my boss first before HR to make sure both of us are on same page. And he did contacted me and what I did is just be honest (but not too honest) by saying I got a better package, job scope, and opportunity by doing project xxx. Obviously the package part is the main reason i told him because I need to put a food on the table with rise of price recently etc. He did totally understand and he did try to counter me but my new salary too high for them so have to let me go. However he said to keep in touch and if I want to join back they won't mind.

My advice: talk nicely, be firm on your decision.

Yes I need to go to office 31st December (1 week notice) to handover my equipment and they are also coming to do some mini lunch farewell.

This post has been edited by Moshpit94: Dec 25 2021, 12:50 AM
dattebayo
post Dec 25 2021, 05:19 PM

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QUOTE(Moshpit94 @ Dec 20 2021, 10:39 AM)
New offer ! Only 2 Months work in new co then got another offer lol.
Upcoming Job

Job Title: FULL STACK DEVELOPER - INTERMEDIATE LEVEL
Job Desciption:
# .NET Developer
# React/Angular Developer
# DevOps CI/CD
# Business Support & Enhancement
# R&D for IOT solution for Offshore Oil Rig
Age: 27
Years spent in company: 0
Company: MNCs
Industry: Oil & Gas
Employment Level: Contract 2 Years
Experience before joining (years): 5 Years 1 Months
Highest paper qualification/ education background: Degree in ICT | Major: Software Engineering | Minor: Corporate Management
Location: Nearby KLCC
Average Working Hours Per Week (incl lunch hours): 40 (8 Hours/day) but sometimes need to support after office hour with diff timezone team.

Monetary Payout
Basic Salary + Fixed Allowance: MYR 9,500.00
Benefits (where relevant) :
Health Benefits: Great Eastern Medical Coverage
1. Outpatient: Unlimited
2. Hospitalization : 50k Annually
3. Dental: 1K Annually
Coverage include spouse and kids.

Transport Benefits: Null
Mobile / Internet / Gadget Benefits: Null
Flexi Working Hours: Office based but currently WFH due to Covid
Other Benefits: 12% Employer EPF Contribution, No Bonus, No Increment during contract.
*
OnG, nearby KLCC, contract post

aha.. company name start with P, end with S is it brows.gif

the company is very actively venturing into cloud transformation so yea your CICD knowledge does help alot


ps. since you are at it, do you mind to share other perk details such as ALs, next year plan on returning to office or still hybrid WFH, any other allowances for lifestyle such as gyms, telcos, etc

This post has been edited by dattebayo: Dec 25 2021, 05:23 PM
Moshpit94
post Dec 26 2021, 12:31 AM

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QUOTE(dattebayo @ Dec 25 2021, 05:19 PM)
OnG, nearby KLCC, contract post

aha.. company name start with P, end with S is it brows.gif

the company is very actively venturing into cloud transformation so yea your CICD knowledge does help alot
ps. since you are at it, do you mind to share other perk details such as ALs, next year plan on returning to office or still hybrid WFH, any other allowances for lifestyle such as gyms, telcos, etc
*
Nope it's not what you guess. It's the other 'giant'.

For benefit honestly I must say really sikit because this co. hired 3rd party payroll (outsource) for contract people, so the salary is high but benefits are as follows:
- gym/telco/ang allowance: no
- Al + MC: 14 days per year and it will reset again next year.
- Probation: 3 months and can't AL/MC unless unpaid.
- Medical outpatient is unlimited cover whole family and hospitalization 30k

Remember contract and permanent really big different in terms of benefits.

They are working WFO now, no more WFH. That's suck because my current co is forever WFH.

Honestly tho, I accepted this offer not because I like it, I just want to increase my base salary (family commitment also) and will find a place to settle down like fully wfh cause I love wfh.


So in my heart, my current co is the best co every I've work throughout 5 years my career journey. That's all i can say. very effective in distributing task, minimal politics, no bullshit meeting, proper documentation (business & technical; they have their own wikipedia for everything).
dattebayo
post Dec 26 2021, 02:20 AM

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QUOTE(Moshpit94 @ Dec 26 2021, 12:31 AM)
Nope it's not what you guess. It's the other 'giant'.

For benefit honestly I must say really sikit because this co. hired 3rd party payroll (outsource) for contract people, so the salary is high but benefits are as follows:
- gym/telco/ang allowance: no
- Al + MC: 14 days per year and it will reset again next year.
- Probation: 3 months and can't AL/MC unless unpaid.
- Medical outpatient is unlimited cover whole family and hospitalization 30k

Remember contract and permanent really big different in terms of benefits.

They are working WFO now, no more WFH. That's suck because my current co is forever WFH.

Honestly tho, I accepted this offer not because I like it, I just want to increase my base salary (family commitment also) and will find a place to settle down like fully wfh cause I love wfh.
So in my heart, my current co is the best co every I've work throughout 5 years my career journey. That's all i can say. very effective in distributing task, minimal politics, no bullshit meeting, proper documentation (business & technical; they have their own wikipedia for everything).
*
i ran through rough calculations on your previous (current) pay which is 13 x 6500, translate to around 7k per month, that is haven't take the performance bonus into account?

your new offer EPF only pay 12% vs 16% of your current place

AL is AL, MC is MC, employment act governs that every employee MC must be at least 14 days per year, and treating MCs as unpaid leave even during probation is illegal [correct me if i'm wrong]

if i were you, i wouldn't take up the offer, because when look at the long term, the sunken cost and opportunity cost definitely is more (lack of AL and benefits , no bonus no increment thereof), most of it all, you are there ONLY for the money; the burden cost your new place has on you is not much different than your old place

sometimes, money is not everything, but that's just me, i don't know your stories wink.gif



This post has been edited by dattebayo: Dec 26 2021, 02:23 AM
Moshpit94
post Dec 26 2021, 03:24 AM

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QUOTE(dattebayo @ Dec 26 2021, 02:20 AM)
i ran through rough calculations on your previous (current) pay which is 13 x 6500, translate to around 7k per month, that is haven't take the performance bonus into account?

your new offer EPF only pay 12% vs 16% of your current place

AL is AL, MC is MC, employment act governs that every employee MC must be at least 14 days per year, and treating MCs as unpaid leave even during probation is illegal [correct me if i'm wrong]

if i were you, i wouldn't take up the offer, because when look at the long term, the sunken cost and opportunity cost definitely is more (lack of AL and benefits , no bonus no increment thereof), most of it all, you are there ONLY for the money; the burden cost your new place has on you is not much different than your old place

sometimes, money is not everything, but that's just me, i don't know your stories wink.gif
*
Yep I got your point and also thanks for the leave input, i might want to check the law. There was no performance bonus on current co. Only fixed bonus

Well to make it short:
- I need money bcause my wife is going to resign from gov (long distance relay), altho she has money to sustain 3 months while applying for private but i also need to backup
- my first kid is going to childcare this january
- on marathon to settle CC debt around 13k left

So my strategy is i need upfront money to move my wife item to kl, childcare, backup for my wife financial etc and i need exact 7 month to fully settle all my cc debt (i kept my cc away from me, use only for emergency).
(i do have savings but try my best to avoid touching it)


So after doing this for 1 year, I'm planning to find a company that i will settle down for good even if they cant match my new salary (well not good for cv but if there's a skill hopefully there's a willing employer), because without the CC debt I could free 1k+- salary from cc repayment (i didnot pay min.)


All in all, that's life and sacrifice for my loved one :/

This post has been edited by Moshpit94: Dec 26 2021, 03:26 AM
SUSNoComment222
post Dec 31 2021, 12:40 PM

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Hi sifus, anyone knows what's the average % increment jump (from one company to another) and % internal promotion?
FutureBuilder
post Dec 31 2021, 04:44 PM

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QUOTE(NoComment222 @ Dec 31 2021, 12:40 PM)
Hi sifus, anyone knows what's the average % increment jump (from one company to another) and % internal promotion?
*
IMHO, jump ship usually around 20-30% while internal promotion 10-15% from what I know in IT industry , another aspect would be through your negotiation skills. Good luck 😁
Mavik
post Dec 31 2021, 06:34 PM

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QUOTE(FutureBuilder @ Dec 31 2021, 04:44 PM)
IMHO, jump ship usually around 20-30% while internal promotion 10-15% from what I know in IT industry , another aspect would be through your negotiation skills. Good luck 😁
*
Also depends on the company that is hiring as well. For example, in my previous company, the max increment that we can offer to a candidate is only 15%. Anything more, we needed to seek for an exception and get approval all the way up to the CEO. Quite difficult to hire good candidates sad.gif
SUSNoComment222
post Dec 31 2021, 07:58 PM

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QUOTE(Mavik @ Dec 31 2021, 06:34 PM)
Also depends on the company that is hiring as well. For example, in my previous company, the max increment that we can offer to a candidate is only 15%. Anything more, we needed to seek for an exception and get approval all the way up to the CEO. Quite difficult to hire good candidates sad.gif
*
Oh...is 5% annual increment part of the promotion, or promotion 15% + 5% annual?

In my case, my company is doing even better these times and they state salaries are
"competitive".
jason111785
post Dec 31 2021, 10:15 PM

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hey guys, any idea how's big4 increment is like? and normally if internal promotion whats the percentage like?
Mavik
post Jan 1 2022, 08:59 AM

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QUOTE(NoComment222 @ Dec 31 2021, 07:58 PM)
Oh...is 5% annual increment part of the promotion, or promotion 15% + 5% annual?

In my case, my company is doing even better these times and they state salaries are
"competitive".
*
For promotion there isn't really a fixed % because it depends on the level, department as well as job function.

Usually, there is a band for each level (e.g. manager 9k-15k) and it depends on how your promotion is negotiated and based on your performance, peers as well as market average as well. For example, if you were a full stack developer who got promoted to a manager band. In this example, I use the market average out there is say RM15k, there is a higher chance you get to RM15k salary especially if you also perform at a level higher than your manager peers. Again it isn't a sure thing and it is always a case-by-case basis.

This post has been edited by Mavik: Jan 1 2022, 09:02 AM

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