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 Let's Talk Salary v8, Sharing Thread

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Kelangketerusa
post Jan 4 2019, 06:36 PM

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This post has been edited by Kelangketerusa: Apr 4 2022, 03:28 PM
Kelangketerusa
post Jan 7 2019, 10:07 AM

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This post has been edited by Kelangketerusa: Apr 4 2022, 03:28 PM
Kelangketerusa
post Jan 7 2019, 10:51 AM

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QUOTE(coolguy99 @ Jan 7 2019, 10:10 AM)
Your journey is nothing short of incredible then. I like how you took courses to better equip yourself in the job market instead of waiting for opportunity to present itself.
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No doubt, especially when I will admit I'm not one that enjoys the rigour of universities.

QUOTE(Belphegor @ Jan 7 2019, 10:11 AM)
Does one require some specific skillset to be in your industry? I am late bloomer myself too and I am currently stuck.
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It depends, I guess. I'd say being strong in numbers or being strong in the ability to make sense of numbers. Most of the successful big guns in my field are not HR educated, they are actuarial science or engineering background. Being strong in excel is also crucial as you are churning through large datasets (though you are unlikely to find many VBA or even PowerQuery level folks yet) and lastly the ability to argue, decide and present findings based on the data available. The last one is more for the management side, as you will have to, for example, convince the Board why X% increment and why X mth bonus vis-a-vis company performance.

The problems in Performance and Rewards tend to be the entry barrier, it's pretty hard to convince someone to hire a mid-level talent that have no P&R background and these talents also won't come in at a entry level pay. Rewards being what it is also attracts the most attention / ire / debate at top levels so if you don't have the stomach for political ploys or top management facing it will be hard. And lastly, the hours can be grueling during payout time where decisions is left late but outcome is expected early mega_shok.gif


Kelangketerusa
post Aug 26 2020, 06:16 PM

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This post has been edited by Kelangketerusa: Apr 4 2022, 03:28 PM
Kelangketerusa
post Sep 1 2020, 10:09 AM

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QUOTE(Win Win Inspiration @ Aug 28 2020, 04:50 PM)
You are a role model for us to learn from.
The organization is an MNC or GLC?
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Thanks bro. notworthy.gif

Malaysian company, not GLC though.
Kelangketerusa
post Sep 14 2020, 12:00 PM

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QUOTE(Win Win Inspiration @ Sep 6 2020, 08:09 PM)
Wishing you a smooth and upwards career path bro!
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Much appreciated bro!


QUOTE(Murasaki322 @ Sep 11 2020, 07:25 AM)
Same. Always wondering if life is going to get better. Meanwhile people keep saying "you should upskill and get a better paying job", "network and find opportunities" which clearly are privileges reserved for those already doing well. Guess it's the poverty trap thing got me.
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I have to slightly disagree here. Maybe upskilling is not easy, but it's certainly not impossible for those already doing well. There's plenty of free courses in Coursera or Udemy that can help one to improve their skill. I feel the common mistake is one thinking they only need to improve on one area, usually their area of expertise, while ignoring other less related areas but no less important. Imagine a RPG, and you are a warrior class. Too many people just spam to upgrade their strength, while ignoring the other areas such as charm, dexterity, speed, etc...

Networking wise, its the same. There's are plenty of network events around that are free, LinkedIn Groups, Facebook Groups, heck, even your own office people. My biggest advice to many is always to find and get a great mentor, and they will be a great fuel to propel one's career.

QUOTE(dudewhatisthis @ Sep 12 2020, 11:35 AM)
What did you guys earn as fresh grad or at the beginning of your careers? curious to know. I'd imagine someone who earned like 4k or 5k at the begginning would have an easier time reach 10k with 5 to 6 years of experience or before the age of 30.
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2.6k i think... I'm quite sure I can still find my offer letter somewhere.

QUOTE(year2020 @ Sep 13 2020, 06:22 AM)
Cheers up guys. I'm 33 and not even 4K yet. Worked for 10 years already with few different companies but without any clear career direction. I was aware of this thread and read some of the post few years ago but didn't motivate me to do anything.

But come this year, I start to realise that I've pretty much work most of that 10 years for nothing (in terms of experience/work knowledge). I notice that a lot of high earner here are pretty focus or perhaps they know what they want from the start of their career. Asked for some opinions on this thread and got meaningful advices. And I started working on areas that I can improve.

My advice, don't compare what the others earn but maybe you can get some helps/tips. Maybe share your current situation and ask what improvement can be done.
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Well done bro, keep it up thumbup.gif
Kelangketerusa
post Mar 25 2021, 08:21 PM

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QUOTE(JoeK @ Mar 24 2021, 02:42 PM)
what is the market rate for assistant manager / manager salary now?

for MNC companies
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AM - is around 4-6k, can go to 8k as well for certain roles.

M - 6-10k, some will move up to 12-14k.

The question is vague, because a Product Manager in an MNC would worth more than say a Finance Manager.
Kelangketerusa
post Mar 25 2021, 08:27 PM

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QUOTE(UserU @ Mar 18 2021, 09:16 PM)
Don't mind me asking.

What's the average salary for a Marketing Analyst? Around 1 - 3 years experience.

Google seems to show a huge discrepancy. SalaryExpert lists it as approximately RM65K annually, PaySale below RM20K and Indeed at RM54K.
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Probably around 3 - 4k thereabouts, given the experience you mention it pegs you to a entry-ish level position.
Kelangketerusa
post Mar 26 2021, 04:14 PM

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QUOTE(JoeK @ Mar 26 2021, 08:00 AM)
What bullshit stories?
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One page back you can see some saying he earns 20k at 27 as IT manager. And that's the one and only post from the dupe so those are the kind of crap some tend to pull.

Given I actually work in HR and look at compensation, I can roughly sense fantasy when one is posted. brows.gif
Kelangketerusa
post Dec 1 2021, 06:31 PM

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QUOTE(Kelangketerusa @ Aug 26 2020, 06:16 PM)
Just wanted to update, given it's been awhile. Accepted a new role:

Job Title : VP HR
Age : 38

Monetary Payout
Basic Salary + Fixed Allowance : RM33000
Contractual Bonus (months): non
Performance, Variable Bonus & Commissions (months) : dunno yet, but usually 3mths la

Benefits (where relevant) :

not as good as before lol.
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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
Kelangketerusa
post Dec 6 2021, 03:02 PM

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QUOTE(RavagerX @ Dec 5 2021, 10:12 PM)
Job Title : Consultant
Job Description : Deploy SaaS products for customer
Age :32
Years spent in company : 1 week
Company : US MNC
Industry : Tech - Software consulting
Tenure : Permanent
Employment Level : Experienced hire
Experience before joining (years) : 4.5 years in Consulting + 3.5 years in hotel
Highest paper qualification/ education background : Degree in Hospitality
Location : Kuala Lumpur
Average Working Hours Per Week (incl lunch hours): 40 (project dependent, really)

Monetary Payout
Basic Salary + Fixed Allowance : RM 10,000
Contractual Bonus: 15% of annual salary
Performance, Variable Bonus & Commissions (months) : n/a

Benefits (where relevant) :
Health Benefits : Insurance + Medical (limit 4k USD, global policy)
Transport Benefits : Travel & expenses covered when traveling for projects.
Mobile / Internet / Gadget Benefits : Work laptop and other peripherals, claimable internet
Flexi Working Hours : Yes, when not rushing for project timeline. Doesn't matter what time you start or finish as long as task completed. Permanently WFH.
Other Benefits : Claimable medical check up+ eye exam+ glasses, free LinkedIn Learning subscription

Just started a new job. Recently only felt that I'm 'qualified' to post here, since everyone seems to be high earner here.  biggrin.gif

I studied hospitality - shit degree, realized too late and my fresh grad salary is 1.9k  sweat.gif
Landed software consulting role due to the tech company is hiring for the consultant role for the product that my hotel was using. However I'm also underpaid for years in that tech company before jumping twice to this current job.
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Well done!
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?
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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.
Kelangketerusa
post Jan 3 2022, 07:57 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?
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Yes, have been offered C-level roles but I don't think I'm suited or keen on a broader management role as the skillsets required are much different than a functional head.

However, given I am kinda pricing myself out of the market, this is likely the only move I will have if I want to progress, pay wise.
Kelangketerusa
post Jan 3 2022, 04:26 PM

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QUOTE(DoomCognition @ Jan 3 2022, 10:03 AM)
For a Head of Rewards, it is really high to be honest. I read back your posts, what motivated your new employers to pay such a steep mark up to you? From 22k to 33k to 40k, at the function head level, it is considered a steep mark up.
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Honestly, scarcity of talent, especially for these positions.

Bear in mind, I am not even the highest paid around, so I am considered relatively cheap vs some of my other peers.
Kelangketerusa
post Jan 4 2022, 04:59 PM

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QUOTE(DoomCognition @ Jan 3 2022, 04:50 PM)
At 40k, it is considered as on the higher band for most functional heads in the bank. And with HR being a cost center (granted am not familiar with HR's scale), I do find it not easy to believe that 40k is on the lower scale. I know both front office, middle office and back office, 40k for functional head is definitely on the high side for all 3 of them. For front office, probably above average, but still on the higher side.
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It's not equal. Bear in mind when I say peers, I only look at other Rewards in the industry. I also benefits from being in a large organisation so the budget is naturally higher.

It's like a software engineer pay is skewed way high vs others in IT industry, and the role I hold is a COE function which natural lowers the talent pool, plus it's currently in demand which allows me to command a better price.

We don't even use Hays or RW as reference because they are somewhat lower than the consultant pay survey (WTW, Mercer, KF).
Kelangketerusa
post Jan 6 2022, 11:52 AM

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QUOTE(teddie @ Jan 6 2022, 09:58 AM)
I assume your ex-colleagues are/were from business or revenue generating department? The SVP/ED who I mentioned above, she is leading nationwide branch managers. Probably my network isn't strong enough, the Ops and IT within my circle who are in banking, they are not earning that much. And bonus is around 3 months or less. Another close circle who I know, he is local bank head of it security drawing around 20k too, VP title.

So when you guys talking about a HOD can potentially draw up to 100k, it is a big eye opener to me  notworthy.gif
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Ops and IT in banking, honestly isn't a big salary draw because the nature of their work is still very ops, and a lot of items are outsourced so the need to specialised or niche skillset is still relatively low as compared to a tech startup.

Title is also not really a good benchmark, because most is just to satisfy and ego boosting employees. For example, VP can be junior middle management at best, as you can have VP1, VP2, SVP1, SVP2, SEVP1, SEVP2, CxO .. so a VP title here is like a C-8, which doesn't sound as great at a VP title alone.

But it sounds great to outside parties 🙂

There are functional Head of Department and Head of Divisions, plus depending on which areas you are in, and of course, which company you are in.

A glocal bank does not pay high despite the branding, because their business is relatively small unless you are posted here as an expat. Local banks can pay higher than most glocal banks, however they do not have the charm of being able to move up to a regional / global role which can be a big stepping stone to one's career.


Kelangketerusa
post Jan 9 2022, 07:36 PM

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QUOTE(flying_manatee @ Jan 8 2022, 07:38 PM)
Holy moly your salary rise is really meteoric. You did it via job changes or promotion? Really wish I could get onto that kinda path
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Job change. I honestly don't think staying in one company serves your career well unless you really really like whatever you are.


Kelangketerusa
post Jan 10 2022, 03:17 PM

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QUOTE(flying_manatee @ Jan 9 2022, 11:02 PM)
Oh wow yeaa I guess I have to try that path too. Thanks for the advice!
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Check your value every so often, you might be surprised.
Kelangketerusa
post Jan 27 2022, 04:38 PM

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QUOTE(Dembeee @ Jan 27 2022, 04:33 PM)
I just got a job offer RM7500.
Working on pretty much the same thing. But I am considering to decline the offer due to I am comfortable working with current co, and there is a lot more to learn. What do you guys think? Should i take the risk and jump?
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Nothing wrong with staying if you enjoy your company, perhaps you can use this offer and get a counter as well. But bear in mind, you are likely losing out on a pretty healthy salary bump.

Whether its worth it will depend on how you view the current vs new company.
Kelangketerusa
post Jan 27 2022, 10:41 PM

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QUOTE(Dembeee @ Jan 27 2022, 06:59 PM)
They dont do counter offer. People come and go every month. A lot of them hahaha
That is why I am in dilemma right now.. What i'm feeling right now is, if they offer higher I might go..
at this increment rate, I feel like abit risky leaving a good co (for me) and a lot more learning opportunity and to jump into new co which is totally unknown how the working environment over there.
I am still considering the offer but now is more towards declining the offer.
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Ah, there's always pro and cons, just weigh it out.

If you don't think the money is crucial, or you are in very early stages of your career, staying could be good. Build up your skills and aim for more senior job openings outside or within.

A mistake I see a lot of people make, is to apply roels that are lateral for the same of some salary adjustment. Then they end up stuck as a highly paid junior exec with not enough meat to land a more senior role.

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