Sadly, Im not eligible for annual bonus. However, there are performance and other variable bonuses.

If you are earning around RM4000, would you consider going to SG with SGD2400?

Commitment still the same, no difference.

Job in Malaysia - Marketing
Job in Singapore - Sales

Job title : Associate
Age : 23
Salary : 4k+
Years spent in company : 3 months
Industry : IB
Employment Level : Exec
Experience before joining (years) : 0
Highest paper qualification/ education background : Degree
Location : KL
Average Working Hours Per Week: 50-60 hours

Job Title : Software Architect
Age : 37
Years spent in company : 1
Industry : IT
Employment Level : Senior
Experience before joining (years) : 12
Highest paper qualification/ education background : PhD
Salary: 10k

One of the tier 1 banks in Malaysia

Job Title : Assistant Project Manager
Job Desciption : Execute contract (project)
Age : 30
Years spent in company : 6years 6months
Company :
Industry : Water Industry (M&E)
Tenure : Permanent
Employment Level : Manager
Experience before joining (years) : 0
Highest paper qualification/ education background : Degree
Location : Shah Alam
Average Working Hours Per Week (incl lunch hours): Office is 8 hours, Site is indefinite

Monetary Payout
Basic Salary + Fixed Allowance : RM8300
Contractual Bonus (months): none
Performance, Variable Bonus & Commissions (months) : 7mths (2017)

Benefits (where relevant) :
Health Benefits : Medical Card
Transport Benefits : Company Car (Honda CRV)
Mobile / Internet / Gadget Benefits : Phone Bill by company
Flexi Working Hours : None
Other Benefits : Boss is quite nice to me

Job Title : Project Engineer
Job Desciption : servicing,maintenance & project management
Age : 26
Years spent in company : 6month
Company :
Industry : Automation & system
Tenure : Permanent
Employment Level : Engineer
Experience before joining (years) : 9 months (in construction)
Highest paper qualification/ education background : degree
Location : selangor
Average Working Hours Per Week (incl lunch hours): 45-50 hours.not including project comissioning at site

Monetary Payout
Basic Salary + Fixed Allowance : RM2700 (no fixed allowance,based on offshore & onshore outstation allowance)
Contractual Bonus (months): 0 mths
Performance, Variable Bonus & Commissions (months) : 0 mths

Benefits (where relevant) :
Health Benefits : medical RM800/year
Transport Benefits : Claim per use
Mobile / Internet / Gadget Benefits : telephone bill can claim to company
Flexi Working Hours : as long u finish ur work
Other Benefits :  none

here goes

Job Title : Contracts Engineer
Job Desciption : administer contracts, claims, correspondences, etc. manage tender activities
Age : 42
Years spent in company : 2 months +
Company : one of the Q companies
Industry : O & G
Tenure : contracted for 2 years
Employment Level : huh, what??
Experience before joining (years) : 15 yrs
Highest paper qualification/ education background : Engineering degree
Location : Qatar
Average Working Hours Per Week (incl lunch hours): 60 (6 day work week)

Monetary Payout
Basic Salary + Fixed Allowance : USD 250 per day worked (no work no pay) and USD 4000/mo for allowances
Contractual Bonus (months): in my dreams only
Performance, Variable Bonus & Commissions (months) : see above, only applicable at nights, or during daydreams

Benefits (where relevant) :
Health Benefits : medical card, which covers hospitalization, and life insurance under company's umbrella insurance
Transport Benefits : lumped in above allowance
Mobile / Internet / Gadget Benefits : zero - it's bring your own and pay your own
Flexi Working Hours : sort of, though officially it's non flexy
Other Benefits : 2 weeks off every 12 weeks worked, flight ticket to home paid by company (economy only, but at least they have to use Qatar Airways here, no LCC)

side note:
being in my position, I get access to some sensitive info... and I can say with absolute certainty, that what I got is far from a "good" rate here... it's just unfortunate that I joined after the global oil price crash... three years ago, I could have had much higher rate - maybe more than double.
but nevermind, to each their own... everyone's fate had been written... and besides, I can't really I complain with this much. Imagine, I made 13000 gross working in KL before this. so it's a big jump already, for which I am thankful.

Guys, what's a fair salary for someone around 24-25 years old? Is ~RM4k monthly gross pay (basic + pro-rated bonus) considered OK? Is it low/lower-mid/middle/upper-mid/high range?We're talking about local financial institution here.

TQ!

Eh, none of those. 1 yr working experience, no union.

What kind of salary is RM4k gross per month considered for that age range? Hard for me to find info on this.

Hi, I was lucky to stumble upon this thread as I was looking for information about the salary pay of a company I'm bonded to (to be honest I'm not even sure if it's a good choice to agree to the bond during interview).
But here is the question before I ask anything, is it sensitive to ask about a specific company?

this number is after 2 increment

Hi, good day. How about the salary for degree holder with 3 years of exp in banking? Currently at the age of 26.

in big company, the roadblock usually will be from higher management from ur direct manager and HR dept.

I have seen genuine capable person creating miracle in the competitor company and when his previous co wan to hire him back, the HR insist to only add 20% of his previous salary in the company because according to "market guide" that how much he is worth. That person was getting 50%+previous salary in the competitor co and does it makes sense for him to get -30% to join back. facepalm the HR really.

I'm fine if company want to hire specific gender /other preference they might have (such as marital status, age group etc.) for some position ...

BUT please don't even call for interview if they don't even fit your "preference" ...

They could have at least be a bit professional on their reasons instead of saying gender preference.. could have just say they have shortlisted another candidate or something..

Gender preference? If they told you that will it be grounds for discrimination?

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?

True, though what you are also citing tends to apply to rare functions in specific industries, eg. O&G, banking, construction which is where I've found bonuses to be generally out of norm (norm being 1-3 months in most MNCs). The other type of role this might apply to is sales (my ex-boss in recruitment used to make 12 months of bonus but again she's the 0.01% in our industry across the region, on a base salary that is higher than most managers in Malaysia).

And as much as I'd like to think individual performance / work ethic / results correlate with performance bonus payout, I'd say it takes being in a truly ideal, meritocratic setting for that connection to hold true or a sales role where what you get is exactly what you put in vs. broader organisational goals such as earnings per share, company / region/ country revenue, margins, team KPIs. In the latter case there is far more that is out of your control than what is within your ability to control.

So yes you can ask for historical payout of the team (and their correlating performance) across the past 5 years, but I'd also say no hiring manager nor HR would dare guarantee this fiscal's year's payout would be similar. If they are able to, get them to put that into writing in your employment contract. Nobody successfully predicts a Black Swan right?

In defense of contract positions, it's a good way to bump up your base salary by a bigger factor than would be the case if it were permanent. Say you think you are underpaid now at 5k, and want to be on a higher base salary (which is important as that's how you can take on a bigger mortgage, that's the basis of your EPF calculations and all future increments or fixed bonuses), a contract role is a good way for you to jump quickly to a 7-10k in less than a year.

One more reason to negotiate harder on a contract role is this: contract hiring tends to be budgeted differently, eg. on a project or ad hoc basis which is probably why the company is hiring in the first place - they didn't expect that they'd need this HC this year. Whereas permanent hiring tends to get budgeted yearly and more conservatively (more limitations on how big the range can be, how much the company is willing to pay for this person, etc.). So contract hiring tends to have bigger and better budgets, and tends to get approved faster and easier.

Remember your salary is less than 50% of a company's cost of hiring you. With a permanent role there is more limitations on how much they can offer as a result as your base salary will be a permanent fixed cost to them that only goes up higher and higher each year. With a contract role, the company doesn't have to see you next year anymore.