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 Let's Talk Salary v8, Sharing Thread

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Financier
post Nov 26 2018, 04:18 PM

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QUOTE(tishaban @ Nov 26 2018, 03:17 PM)
Freelancing in the financial services industry while debating my next course of action ie. continue freelancing vs permanent job in Malaysia vs moving to another country to work there.

Anyway to get back on topic of salaries, for those freelancing and getting day rates, this is the formula I use to calculate annual/monthly salary.
Assuming your daily rate is RM1,000 per day to keep calculations easy, your annual salary is

(261 work days - 18 public holidays in MY - 25 days combined annual leave + MC) x RM1,400 = RM218,000
If your contracting company doesn't pay EPF, deduct 12% from that amount = RM192,000 (roughly) or about RM16,000 per month gross before taxes.

Suddenly that interesting RM1k per day rate doesn't look as attractive anymore  biggrin.gif
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What do you provide? Investment Management? Advisory?
LamTC
post Nov 26 2018, 04:34 PM

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Joined: Sep 2017
Job Title : Associate Engineer
Job Description : Monitor and optimize the current process flow.
Age : 24
Years spent in company : 1.5years
Industry : Manufacturing
Tenure : Permanent
Employment Level : Management Trainee
Experience before joining (years) : 0
Highest paper qualification/ education background : Degree (Hons)
Location : Setia Alam, shah alam
Basic Salary : RM 3020, Bonus is 1 month
Average Working Hours Per Week (excl lunch hours): Officially 45 hours
Benefits:
-Free accomodation(a room in (middle class )aprtment nearby the workplace)
-relevant allowance

Is this fine for a "fresh grad"?
55665566
post Nov 26 2018, 06:15 PM

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QUOTE(LamTC @ Nov 26 2018, 04:34 PM)
Job Title : Associate Engineer
Job Description : Monitor and optimize the current process flow.
Age : 24
Years spent in company : 1.5years
Industry : Manufacturing
Tenure : Permanent
Employment Level : Management Trainee
Experience before joining (years) : 0
Highest paper qualification/ education background : Degree (Hons)
Location : Setia Alam, shah alam
Basic Salary : RM 3020, Bonus is 1 month
Average Working Hours Per Week (excl lunch hours): Officially 45 hours
Benefits:
-Free accomodation(a room in (middle class )aprtment nearby the workplace)
-relevant allowance

Is this fine for a "fresh grad"?
*
I dont agree with the title. Degree holders should at least have 'engineer'
coolguy99
post Nov 26 2018, 06:59 PM

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QUOTE(55665566 @ Nov 26 2018, 06:15 PM)
I dont agree with the title. Degree holders should at least have 'engineer'
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It’s just a title, it doesn’t really mean anything. Your skill set and experience on the other hand do.
tishaban
post Nov 26 2018, 10:59 PM

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QUOTE(Financier @ Nov 26 2018, 04:18 PM)
What do you provide? Investment Management? Advisory?
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No, my background is not FSI, first time doing so focusing on compliance, service development, techn governance.

angez
post Nov 28 2018, 10:43 PM

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Dilemma here! wish someone those with experienced would help..

I recently receive a new job offer
i have two options, stay in current company or join new company?

Current-

Job Title : Sales Executive
Job Desciption : Find customer and sell product
Age :26
Years spent in company :1.5 year
Company : Berhad
Industry :Construction
Tenure :Permanment
Employment Level :Junior
Experience before joining (years) : 0.5 year
Highest paper qualification/ education background : Degree
Location :Klang( 5min to work)
Average Working Hours Per Week (incl lunch hours):
8am-5.30pm
Monetary Payout
Basic Salary + Fixed Allowance : RM 3200
Contractual Bonus (months): 0.5 mths
Performance, Variable Bonus & Commissions (months) : mths

Benefits (where relevant) :
Health Benefits : Yes
Transport Benefits :No
Mobile / Internet / Gadget Benefits :Yes
Flexi Working Hours : No
Other Benefits : Boss quite nice to me, sometime stressful, sometime no

New Job-

Job Title : Product Executive
Job Desciption : Identify market and decide which product to sell
Company : Sdn Bhd
Industry : Bicycle Industry
Tenure : Permanent
Employment Level : Junior
Highest paper qualification/ education background : Degree
Location : Puchong (30min to work)
Average Working Hours Per Week (incl lunch hours): 8am-5 30pm

Monetary Payout
Basic Salary + Fixed Allowance : RM3300
Contractual Bonus (months): -
Performance, Variable Bonus & Commissions (months) :


Benefits (where relevant) :
Health Benefits : Medical Card
Transport Benefits : -
Mobile / Internet / Gadget Benefits -
Flexi Working Hours : None
Other Benefits : My interested industry and related to my hobby

Should I stay in current or join new company?
Should I spend extra 1 hour in commute to new company?
Pro is I can do my favourite thing, Cons is will bit tired and spend more money and time.

But current job is boring and cant have any career advancement at this moment, as current company say that no profit this year. will cut cost by next year.



Quang1819
post Nov 29 2018, 12:30 AM

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QUOTE(Norman86 @ Nov 7 2018, 10:52 PM)
Job Title : Clinical product Specialist
Age : 29
Years spent in company : 2 years 
Company : MNC
Industry : MEDICAL
Tenure : permanent 
Employment Level : Exec
Experience before joining (years) : 5
Highest paper qualification/ education background : Degree
Location : HOME based
Average Working Hours Per Week (incl lunch hours): 40

Monetary Payout
Basic Salary + Fixed Allowance : RM11350
Contractual Bonus (months): -
Performance, Variable Bonus :

Benefits (where relevant) :
Health Benefits : Claimable medical insurance, 12k/per year
Transport Benefits : none
Mobile / Internet / Gadget Benefits : mobile,home internet
*
Mind telling what did you major in for your degree? Is it related to science like pharma or biotech?
god2077
post Nov 29 2018, 07:56 AM

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Joined: Aug 2009


QUOTE(angez @ Nov 28 2018, 10:43 PM)
Dilemma here! wish someone those with experienced would help..

I recently receive a new job offer
i have two options, stay in current company or join new company?

Current-

Job Title : Sales Executive
Job Desciption : Find customer and sell product
Age :26
Years spent in company :1.5 year
Company : Berhad
Industry :Construction
Tenure :Permanment
Employment Level :Junior
Experience before joining (years) : 0.5 year
Highest paper qualification/ education background : Degree
Location :Klang( 5min to work)
Average Working Hours Per Week (incl lunch hours):
8am-5.30pm
Monetary Payout
Basic Salary + Fixed Allowance : RM 3200
Contractual Bonus (months): 0.5 mths
Performance, Variable Bonus & Commissions (months) : mths

Benefits (where relevant) :
Health Benefits : Yes
Transport Benefits :No
Mobile / Internet / Gadget Benefits :Yes
Flexi Working Hours : No
Other Benefits : Boss quite nice to me, sometime stressful, sometime no

New Job-

Job Title : Product Executive
Job Desciption : Identify market and decide which product to sell
Company : Sdn Bhd
Industry : Bicycle Industry
Tenure : Permanent
Employment Level : Junior
Highest paper qualification/ education background : Degree
Location : Puchong (30min to work)
Average Working Hours Per Week (incl lunch hours): 8am-5 30pm

Monetary Payout
Basic Salary + Fixed Allowance : RM3300
Contractual Bonus (months): -
Performance, Variable Bonus & Commissions (months) :
Benefits (where relevant) :
Health Benefits : Medical Card
Transport Benefits : -
Mobile / Internet / Gadget Benefits -
Flexi Working Hours : None
Other Benefits : My interested industry and related to my hobby

Should I stay in current or join new company?
Should I spend extra 1 hour in commute to new company?
Pro is I can do my favourite thing, Cons is will bit tired and spend more money and time.

But current job is boring and cant have any career advancement at this moment, as current company say that no profit this year. will cut cost by next year.
*
RM100 more cant cover the petrol expenses unless you move to puchong
coolguy99
post Nov 29 2018, 08:30 AM

Look at all my stars!!
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Joined: Aug 2015



QUOTE(angez @ Nov 28 2018, 10:43 PM)
Dilemma here! wish someone those with experienced would help..

I recently receive a new job offer
i have two options, stay in current company or join new company?

Current-

Job Title : Sales Executive
Job Desciption : Find customer and sell product
Age :26
Years spent in company :1.5 year
Company : Berhad
Industry :Construction
Tenure :Permanment
Employment Level :Junior
Experience before joining (years) : 0.5 year
Highest paper qualification/ education background : Degree
Location :Klang( 5min to work)
Average Working Hours Per Week (incl lunch hours):
8am-5.30pm
Monetary Payout
Basic Salary + Fixed Allowance : RM 3200
Contractual Bonus (months): 0.5 mths
Performance, Variable Bonus & Commissions (months) : mths

Benefits (where relevant) :
Health Benefits : Yes
Transport Benefits :No
Mobile / Internet / Gadget Benefits :Yes
Flexi Working Hours : No
Other Benefits : Boss quite nice to me, sometime stressful, sometime no

New Job-

Job Title : Product Executive
Job Desciption : Identify market and decide which product to sell
Company : Sdn Bhd
Industry : Bicycle Industry
Tenure : Permanent
Employment Level : Junior
Highest paper qualification/ education background : Degree
Location : Puchong (30min to work)
Average Working Hours Per Week (incl lunch hours): 8am-5 30pm

Monetary Payout
Basic Salary + Fixed Allowance : RM3300
Contractual Bonus (months): -
Performance, Variable Bonus & Commissions (months) :
Benefits (where relevant) :
Health Benefits : Medical Card
Transport Benefits : -
Mobile / Internet / Gadget Benefits -
Flexi Working Hours : None
Other Benefits : My interested industry and related to my hobby

Should I stay in current or join new company?
Should I spend extra 1 hour in commute to new company?
Pro is I can do my favourite thing, Cons is will bit tired and spend more money and time.

But current job is boring and cant have any career advancement at this moment, as current company say that no profit this year. will cut cost by next year.
*
RM100 extra is not worth your while bro. Suggest you to look for another job.
PrincZe
post Nov 29 2018, 11:56 AM

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3,050 posts

Joined: Oct 2008
QUOTE(angez @ Nov 28 2018, 10:43 PM)
Dilemma here! wish someone those with experienced would help..

I recently receive a new job offer
i have two options, stay in current company or join new company?

Current-

Job Title : Sales Executive
Job Desciption : Find customer and sell product
Age :26
Years spent in company :1.5 year
Company : Berhad
Industry :Construction
Tenure :Permanment
Employment Level :Junior
Experience before joining (years) : 0.5 year
Highest paper qualification/ education background : Degree
Location :Klang( 5min to work)
Average Working Hours Per Week (incl lunch hours):
8am-5.30pm
Monetary Payout
Basic Salary + Fixed Allowance : RM 3200
Contractual Bonus (months): 0.5 mths
Performance, Variable Bonus & Commissions (months) : mths

Benefits (where relevant) :
Health Benefits : Yes
Transport Benefits :No
Mobile / Internet / Gadget Benefits :Yes
Flexi Working Hours : No
Other Benefits : Boss quite nice to me, sometime stressful, sometime no

New Job-

Job Title : Product Executive
Job Desciption : Identify market and decide which product to sell
Company : Sdn Bhd
Industry : Bicycle Industry
Tenure : Permanent
Employment Level : Junior
Highest paper qualification/ education background : Degree
Location : Puchong (30min to work)
Average Working Hours Per Week (incl lunch hours): 8am-5 30pm

Monetary Payout
Basic Salary + Fixed Allowance : RM3300
Contractual Bonus (months): -
Performance, Variable Bonus & Commissions (months) :
Benefits (where relevant) :
Health Benefits : Medical Card
Transport Benefits : -
Mobile / Internet / Gadget Benefits -
Flexi Working Hours : None
Other Benefits : My interested industry and related to my hobby

Should I stay in current or join new company?
Should I spend extra 1 hour in commute to new company?
Pro is I can do my favourite thing, Cons is will bit tired and spend more money and time.

But current job is boring and cant have any career advancement at this moment, as current company say that no profit this year. will cut cost by next year.
*
in number wise, surely not worth it. travel further and need pay petrol and tolls.

and how sure are you this new job you are doing is what you are interested in? many times it's different from what you think you will be doing.

non-bias advice, dont proceed.

find a job that you like / suits yourself and a much better pay
Spawny
post Nov 29 2018, 12:22 PM

Lets do this
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QUOTE(PrincZe @ Nov 29 2018, 11:56 AM)
in number wise, surely not worth it. travel further and need pay petrol and tolls.

and how sure are you this new job you are doing is what you are interested in? many times it's different from what you think you will be doing.

non-bias advice, dont proceed.

find a job that you like / suits yourself and a much better pay
*
Probably related to gaming tongue.gif , just because it suits your interested and hobby does it mean better career advancement? Better think about that as well
Trebeller
post Dec 2 2018, 10:12 AM

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Hi guys and sifus , wondering how is the job prospect in Kl with a economics degree from a Russel group university. (I am a student, not in uni yet) .How's the career progression and salary from 5 to 10 years time, will it be in a stagnant no growth state?
eddydo
post Dec 2 2018, 03:15 PM

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Joined: Feb 2011


QUOTE(Trebeller @ Dec 2 2018, 10:12 AM)
Hi guys and sifus , wondering how is the job prospect in Kl with a economics degree from a Russel group university. (I am a student, not in uni yet) .How's the career progression and salary from 5 to 10 years time, will it be in a stagnant no growth state?
*
Russell group is not a very good brand as some unis in it are not that good.

econs, its best if u go for ranking. like lse Oxbridge etc
TyroneS
post Dec 2 2018, 03:51 PM

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431 posts

Joined: Aug 2012
Job Title : Digital Marketing
Job Desciption : FB, Google AdWords, analytics, Seo, Photo & light Video Editing
Age : going 29 in 2019
Years spent in company : almost 4years
Company :
Industry : Online Customer Service
Tenure : permanent
Employment Level : Executive
Experience before joining (years) : 0
Highest paper qualification/ education background : secondary form3 pmr only, Google AdsWord Cert
Location : Cheras
Average Working Hours Per Week (incl lunch hours): FlexiTime but mostly 10am-5pm

Monetary Payout
Basic Salary + Fixed Allowance : RM4000 + 300 bonus + 300 bonus for 100% attendance
Contractual Bonus (months): 1-3month
Performance, Variable Bonus & Commissions (months) : n/a

Benefits (where relevant) :
Health Benefits : Medical Insurance Card RM180 per mnth
Transport Benefits : Full Claim
Mobile / Internet / Gadget Benefits : Phone Bill
Flexi Working Hours : It's so Flexi that if no problem shown, can skip to office.
Other Benefits :
-Birthday bonus RM300 + Gift
-Meal Claim everyday
-Hand-on Petty Cash for company spending

Asking for Sifu or Senpai...
Trying to convert myself to Freelance Job,
But wondering what kind of freelance job is good...
Currently interesting in photography.
Spawny
post Dec 2 2018, 04:33 PM

Lets do this
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687 posts

Joined: Feb 2006
QUOTE(TyroneS @ Dec 2 2018, 03:51 PM)
Job Title : Digital Marketing
Job Desciption : FB, Google AdWords, analytics, Seo, Photo & light Video Editing
Age : going 29 in 2019
Years spent in company : almost 4years
Company :
Industry : Online Customer Service
Tenure : permanent
Employment Level : Executive
Experience before joining (years) : 0
Highest paper qualification/ education background : secondary form3 pmr only, Google AdsWord Cert
Location : Cheras
Average Working Hours Per Week (incl lunch hours): FlexiTime but mostly 10am-5pm

Monetary Payout
Basic Salary + Fixed Allowance : RM4000 + 300 bonus + 300 bonus for 100% attendance
Contractual Bonus (months): 1-3month
Performance, Variable Bonus & Commissions (months) : n/a

Benefits (where relevant) :
Health Benefits : Medical Insurance Card RM180 per mnth
Transport Benefits : Full Claim
Mobile / Internet / Gadget Benefits : Phone Bill
Flexi Working Hours : It's so Flexi that if no problem shown, can skip to office.
Other Benefits :
-Birthday bonus RM300 + Gift
-Meal Claim everyday
-Hand-on Petty Cash for company spending

Asking for Sifu or Senpai...
Trying to convert myself to Freelance Job,
But wondering what kind of freelance job is good...
Currently interesting in photography.
*
What a unique allowance for attendance, what is considered a 100% attendance? blink.gif
Photography in my personal opinion is a bad field to get into, young people will come spoil the market by offering cheaper rates and too much competition out there.

TyroneS
post Dec 2 2018, 04:36 PM

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QUOTE(Spawny @ Dec 2 2018, 04:33 PM)
What a unique allowance for attendance, what is considered a 100% attendance?  blink.gif
Photography in my personal opinion is a bad field to get into, young people will come spoil the market by offering cheaper rates and too much competition out there.
*
If that month zero off day, zero MC, zero late lo.
Trebeller
post Dec 2 2018, 06:01 PM

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QUOTE(eddydo @ Dec 2 2018, 03:15 PM)
Russell group is not a very good brand as some unis in it are not that good.

econs, its best if u go for ranking. like lse Oxbridge etc
*
Ok let's say if it's lse ucl warwick for econs, how's the job prospect in Kl ? And what kind of job are they available. Thx in advance.
Spawny
post Dec 2 2018, 06:04 PM

Lets do this
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687 posts

Joined: Feb 2006
QUOTE(TyroneS @ Dec 2 2018, 04:36 PM)
If that month zero off day, zero MC, zero late lo.
*
So basically an imaginationary allowance, but this is the first time i heard about it

This post has been edited by Spawny: Dec 2 2018, 06:55 PM
icebryanchan
post Dec 2 2018, 06:50 PM

seeWhoIsIt
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QUOTE(Spawny @ Dec 2 2018, 06:04 PM)
So basically an imaginationary allowance, but this is the forst time i heard about it
*
i think that is a good idea to tackle with problematic employee, who always take MC for no reason. Moreover it can train the employee to be punctual. First time hear about such allowance too blink.gif
Spawny
post Dec 2 2018, 06:58 PM

Lets do this
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Senior Member
687 posts

Joined: Feb 2006
QUOTE(icebryanchan @ Dec 2 2018, 06:50 PM)
i think that is a good idea to tackle with problematic employee, who always take MC for no reason. Moreover it can train the employee to be punctual. First time hear about such allowance too  blink.gif
*
If 100% Attendance also means you cannot take any annual leaves, this is a barbaric move from the company, but still its still an optional allowance but just to fish you to work harder

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