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 Let's Talk Salary v8, Sharing Thread

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BravoZeroTwo
post Sep 29 2018, 11:18 PM

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QUOTE(eddydo @ Sep 27 2018, 08:26 AM)
I have a msc finance top 30 in the world, tho not oxbridge. Currently in sell side equity research, fresh without any internship. No cfa.

Sorry I didn't follow since v1, but those masters holders you're referring to, curious how many with first class honours and from top uni? Did they network their balls off? Hold overseas offer when looking for job?

I'm not saying a msc finance is going to work like a magic cert, but it adds value if you know how to use it. I might just be lucky, who knows.
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Would like you to share where are you working now. Thanks.
BravoZeroTwo
post Mar 6 2019, 02:21 PM

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QUOTE(Belphegor @ Mar 5 2019, 02:58 PM)
Is illegal but people still doing it, people still allowing it. Why? Economy is bad. If you are out of job for few months without income, that scenario is scary enough to imagine when you have commitments due. Thus many people are give in when comes to showing their previous salary slip.
Indeed. It really depends on what situation you are in and how desperate the company want to replace the resigned candidate.
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How so it is illegal to ask prospective application to show his pay slip to confirm what his latest salary remunerations ? If an applicant refuses to show his salary in order to ask for a higher package during interview, how does the interviewer going to believe or even justify to company policy ?
BravoZeroTwo
post Mar 6 2019, 03:02 PM

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[quote=Belphegor,Mar 6 2019, 03:43 PM]
I wouldn't mind if everything is in final stage where we are discussing on salary package. I believe you shortlisted me because I fit into all your category, including the asking salary. Early stage to ask for salary slip to prove you are speaking the truth is like not giving trust to the candidate you are about the hire. Then why bother to hire in the first place? Bare in mind I can forge my own salary slip too if the candidate not being truthful to their current salary package.

If everything fits into the category and I am in the last stage where the salary is the last part between me or another candidate(s), yes I am more than willing to share. Reason being I have nothing to hide. I speak the truth when comes to salary. I don't hanky panky. For those who play hide and seek, nothing much I can comment about that la. laugh.gif

As for if is illegal, PDPA section 6 page 19 as quoted by badguy93 brows.gif Please correct me know if I am wrong.

I agree with your explanation of asking for salary slip at early stages of interviewing and shortlisting. As for coming to final stage of making an offer, I have not come across any applicants, not even a Director applicant who can have the liberty not to show his payslip. Some companies will even ask for your EPF statement to proof further. Some companies will use even the services of CTOS, etc to verify further plus background check before making an offer. Today, too many applicants are too good in handling interviews in convincing their interviewees let alone with colorful resumes to start with. That's why there's saying at work place, they are people who really work and/perform but they are people who work with their mouths.
BravoZeroTwo
post Mar 6 2019, 03:33 PM

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QUOTE(badguy93 @ Mar 6 2019, 04:15 PM)
Once current salary is disclosed, there is no trust between employer and candidate. The unfairness will continue to press. Since the employer is looking for potential candidate and willing to offer the remuneration package, then why ask to disclose? You get my point here?

If the applicant refuse to show his payslip in order to ask for higher package, then go evaluate the candidate skill. It is no use to gauge the candidate just for that purpose.

Like I have mentioned in above scenario, a working experience vs skill set vs bad company performance affected loyalty employee.

If you are the boss, who you want to hire to bring revenue to your company? HR is greedy, so they are evil lol. In your very own perspective, which is better?
Yes, you got the point. Talk about trust between the company and the candidate. Why am I being shortlisted? That is because the company see me fit into their role. And the company is offering the package for that role, so the company should go with that package, otherwise don't offer.

Under PDPA section 6, it is illegal trying to gauge the private and confidential data without the candidate consent. Look, talk about unfair and trust, when a company request you to disclose your current salary, meaning they have no confidence and no sincere to the new candidate. If that is the case then don't offer such "attractive package" initially.  sweat.gif

A proper hire process should evaluate the candidate performance and skills, then from there, a skilled interviewer should evaluate the candidate skill set by test given during interview instead gauge current pay slip. The past salary has nothing to do / no relationship at all to the new company. Same goes to your old company, no relationship between 2.
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Your case could be an exception as you are referring to your previous bad company and you attended an interview and you got a go offer without showing your last pay but told them your performance, if I read you correctly. Is this what you are trying to tell us here ? How many companies out there in Malaysia practice this by not having the need to show pay slip just make an offer base on interviews ? Or, this is just an one time off scenario ?
BravoZeroTwo
post Mar 6 2019, 03:37 PM

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As for the prrovision in S.6 of the PDPA, please read carefully the exclusion clause therein.
BravoZeroTwo
post Mar 6 2019, 04:11 PM

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QUOTE(badguy93 @ Mar 6 2019, 04:49 PM)
Evaluate the candidate skill set by practical not just by mouth or even portfolio, although portfolio provided what the candidate experienced. You can see whether this is a potential candidate or the joker. I have gone through 50+- company for interview, only 5 of them accepted me without the need to disclose pay slip. Although, you need to do your home work why you must not disclose the current salary. I cannot tell you unless you interview me next time  thumbup.gif
Good for you  thumbup.gif Did they lower down your remuneration package once they knew about your pay slip at your final stage where both you and employer already handshake on the agreed expected salary?
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Bro, share with us here how to do it.
BravoZeroTwo
post Jan 30 2020, 05:10 PM

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QUOTE(bHappyz @ Jan 29 2020, 11:24 AM)
Anyone wish to share more on shipping industry ?
As im thinking move back Malaysia smile.gif

Job Title : Shipping Agent
Job Description : Handling anything related to vessel port formalities/crew matter
Age : 28
Years spent in company : 4
Company : PTE LTD
Industry : Shipping line
Employment Level : Assistant operation manager
Experience before joining (years) : 1
Highest paper qualification/ education background : Bachelor degree
Location : Sg
Average Working Hours Per Week (incl lunch hours): 45 working hours + 24/7 monitoring vessel movement

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Yo, bro. Why do you want to come back to Malaysia ?
BravoZeroTwo
post Feb 3 2020, 04:47 PM

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QUOTE(bHappyz @ Jan 31 2020, 01:17 PM)
Family commitment.
Got a baby boy, totally changed the point of view now.  smile.gif
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Thanks.
BravoZeroTwo
post Jun 3 2020, 11:45 AM

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QUOTE(ywliang96 @ May 25 2020, 03:54 AM)
If I want to fish some cash, I would be replying everyone to sell some shit course for sure. But I didn’t bothered.

Nobody is dumb enough to share what they built. So don’t ask how I got the net income. Also, I’m still learning from many things. I earned RM50k net profit per month but that doesn’t means I’m genius lol. Im no bill gates. I just saw an opportunity and act on it. Simple as that.
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With your time spent in this forum, I am quite sure you asked questions from others and people actually answered your questions. See no harm in sharing your success as many people shared their success on how they gotten this far in their career. If people here can learn from you and also make 50K a month, I see why not. Cheers.
BravoZeroTwo
post Jun 4 2020, 11:24 AM

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Thanks for sharing, hksgmy. Cheers.
BravoZeroTwo
post Oct 17 2020, 03:59 PM

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Ok.

This post has been edited by BravoZeroTwo: Oct 18 2020, 09:01 PM
BravoZeroTwo
post Oct 28 2020, 11:05 PM

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QUOTE(fakerdemit @ Oct 28 2020, 05:14 PM)
Hi guys, need ur advice. I just received an offer to one of the big 4 and they only offered 12% increment from my current salary. I felt that was too low on their end. I'm also given a sign on bonus and transportation allowance. Would it still be possible for me to ask for negotiation? They just called and emailed me the details of the package. No offer letter is given yet.
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What role? Job scopes and responsibilities?
BravoZeroTwo
post Mar 12 2021, 04:31 PM

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QUOTE(tengkuhasnul @ Mar 12 2021, 01:52 AM)
Job Title : Senior Manager
Job Description : Information Security
Age : 26 (turn 27 this year)
Years spent in company : Just started
Industry : IT/
Tenure : Permanent
Experience before joining (years) : 5 years
Highest paper qualification/ education background : Degree (Currently Master's Degree), some IT Certs
Location : KL
Average Working Hours Per Week (incl lunch hours): 9AM-6PM (Incl. 1 Hour Lunch) now, WFH

Monetary Payout
Basic Salary + Fixed Allowance : RM21,500
Performance, Variable Bonus & Commissions (months) : 3-5 Months Salary Bonus

Benefits (where relevant) :
Health Benefits :
- Annual medical claims up to RM20,000
- Life insurance
- Hospitalization insurance

Transport Benefits : -
Mobile / Internet / Gadget Benefits : RM5000
Flexi Working Hours : Yes
Other Benefits :
- AL 27 days
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What are your job scopes ?
BravoZeroTwo
post Sep 6 2021, 02:52 PM

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QUOTE(High hope @ Sep 5 2021, 05:54 PM)
Job Title : Associate
Age : 30 later this year
Years spent in company : 3 years +
Industry : Legal
Tenure : Permanent
Employment Level : currently Senior
Experience before joining (years) : 2 years
Highest paper qualification/ education background : Degree in Law
Location : KL
Average Working Hours Per Week (incl lunch hours): 60hrs ++

Monetary Payout
Basic Salary : RM 5800
Parking allowance : RM150 monthly but not sufficient to cover monthly pass. Need to self top up
Contractual Bonus (months): -
Performance, Variable Bonus & Commissions (months) : none for 2020 due to MCO

Benefits (where relevant) :
Health Benefits : RM150 per year
Transport Benefits : -
Mobile / Internet / Gadget Benefits : -
Flexi Working Hours : -
Other Benefits : -
**hoping to make a move but not sure of the current market. Trying to move into corporate world but its hard without connection/reference. In a dilemma.
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Can share your job responsibilities in the firm ? Why do you want to move out of your practice ?
BravoZeroTwo
post Jan 10 2022, 05:50 PM

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QUOTE(rexus @ Jan 10 2022, 06:09 PM)
Job Title : Associate
Job Description : Lawyer
Age : 27
Years spent in company : 4
Company : Law Firm
Industry : Legal
Tenure : Contract
Employment Level : Junior
Experience before joining (years) : 0
Highest paper qualification/ education background : Professional Qualification
Location : KL
Average Working Hours Per Week (incl lunch hours): 60

Monetary Payout
Basic Salary + Fixed Allowance : RM 6,550
Contractual Bonus (months): 0
Performance, Variable Bonus & Commissions (months) : 2-4 months depending on your KPI

Benefits (where relevant) 
Health Benefits : Medical, Dental
Transport Benefits : Parking
Mobile / Internet / Gadget Benefits : RM50 handphone allowance

Just a record.
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Area of practice ?
BravoZeroTwo
post Jan 11 2022, 05:17 PM

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QUOTE(rexus @ Jan 10 2022, 07:01 PM)
General Lit
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Thanks.
BravoZeroTwo
post Jan 18 2022, 10:35 PM

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QUOTE(rexus @ Jan 18 2022, 09:27 AM)
It's just how this firm works that positions are given out by contract. Normally an annual contract and sometimes some may have a 2 years contract.

During my time here there were 2 of them not getting their contract renewed. I guess this will be the biggest risk but it does not happen that often and hopefully enough notice is given before a decision is made.
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What is the size of your firm?
BravoZeroTwo
post Jan 20 2022, 11:33 AM

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QUOTE(rexus @ Jan 18 2022, 11:45 PM)
In terms of number of lawyers it is within the top 10 in the country.
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It will be interesting to know who are the top 10 legal firms in this country for future lawyers' knowledge. Just like other sectors but hardly mentioned about legal firms.
BravoZeroTwo
post Jan 20 2022, 11:43 AM

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QUOTE(rexus @ Jan 20 2022, 12:42 PM)
The top 10 I have in mind is in terms of number of lawyers.

I got it from here

Size of firm does not always correspond with the capabilities though.
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Thanks, rexus for sharing. Cheers.
BravoZeroTwo
post Feb 25 2022, 11:48 AM

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QUOTE(shiocarl @ Feb 25 2022, 12:09 PM)
I started my legal career only at 24 years old after having successfully completed all my studies. The legal career remuneration varies between firms, and certainly some pays more, whereas some lesser.

|Age 23: RM3700 - Snr. Exec (Marketing & Sales)
|Age 24: RM2000 - Pupil
|Age 25: RM4200 - 1st Year practice
|Age 26: RM4600 - 2nd Year practice
|Age 27: RM5416 - 3rd Year practice
|Age 28: RM6041 - 4th Year practice
|Age 29: RM7142 - 5th Year practice (see details below on 5th Year)
Job Title : Senior Associate
Job Desciption : Corporate Lawyer
Age : 29
Years spent in company : 2.5 years
Company : Law firm
Industry : Legal services
Tenure : Permanent
Employment Level : Mid-level
Experience before joining (years) : 2 years
Highest paper qualification/ education background : Law Bachelor, Law Master, Practice Certificate, Business Master
Location : KL
Average Working Hours Per Week (incl lunch hours): 50 hours and during peak up to 60 hours.

Monetary Payout
Basic Salary + Fixed Allowance : Basic RM6500 + Upfront bonus of RM542 = RM7,142
Contractual Bonus (months): Nil.
Performance, Variable Bonus & Commissions (months) : 3-4 months (exclude upfront bonuses)

Benefits (where relevant) : Dental & Optical (RM500/year), Work Laptop and Monitor
Health Benefits : Group medical coverage
Transport Benefits : Parking provided.
Mobile / Internet / Gadget Benefits : RM200 monthly mobile allowance (on claim-basis)
Flexi Working Hours : -
Other Benefits : Remote Work - I have worked from home for 2 years (due to Covid and permissible to do so)

--------------------------------------------------------------------------------------------------------------------------------------------------

[Departing from law practice. The path to a firm's partnership is not meant for everyone. The crux is that even if you have obtained that designation as a Partner, you are still an employee as you are not an 'equity' Partner, and which is another league. Further, there will still be other Partners who are more 'senior' than you. Behold that all wonderful remunerations and bonuses comes with immense performance of KPIs to fulfill which goes without saying. My pursuit, ultimately, is to set up my own practice - to stand on my own feet. For now, I'm taking on an in-house role with supposedly more work-life balance and with this breather time, I'll start to make plans.]

<Accepting a new offer pending letter - expect to serve my notice period of 1/3 month, as new company intends to buyout 2 months.>

Job Title : Legal Manager
Job Desciption : In-house legal - M&A
Age : 29
Years spent in company : 0 years
Company : Start-up
Industry : E-commerce
Tenure : Permanent
Employment Level : Mid-level / Manager
Experience before joining (years) : 4-5 years
Highest paper qualification/ education background : Law Bachelor, Law Master, Practice Certificate, Business Master
Location : KL
Average Working Hours Per Week (incl lunch hours): Expecting 40-50 hours.

Monetary Payout
Basic Salary + Fixed Allowance : Basic RM9,000 [Expected RM9.5-10K, I was low-balled and finally ending with this figure.]
Contractual Bonus (months): Nil.
Performance, Variable Bonus & Commissions (months) : 20% of annual salary.

Benefits (where relevant) : Work Laptop
Health Benefits : Group medical coverage
Transport Benefits : Nil.
Mobile / Internet / Gadget Benefits : Nil.
Flexi Working Hours : -
Other Benefits : Remote Work, ESOP, SGD180 Reimbursements for Remote Work (on claim basis).
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Thanks for sharing. Is your new company a Singapore based set up ? Business Master means MBA ?

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