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 Let's Talk Salary v9, Sharing Thread

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NAVEE
post Sep 28 2022, 11:19 PM

Getting Started
**
Junior Member
88 posts

Joined: Nov 2021

Job Title : Application Support Manager
Job Desciption : Support Financial System
Age : 35
Years spent in company : 8
Company : Bank XX
Industry : Finance
Tenure : permanent
Employment Level : Manager
Experience before joining (years) : 3
Highest paper qualification/ education background : Degree
Location : KL
Average Working Hours Per Week (incl lunch hours):
50-60
Monetary Payout
Basic Salary + Fixed Allowance : RM7100
Contractual Bonus (months): 0 mths
Performance, Variable Bonus & Commissions (months) : 2-6mths

Work Flexibility (where relevant) : mostly self managed
Work From Home Availability: 4-8 days in a month
Annual Leaves: 24days
Flexi Working Hours : Partial

Benefits (where relevant) :
Health Benefits : unlimited
Transport Benefits : none
Mobile / Internet / Gadget Benefits : 150 phone allowance
Other Benefits : better loan rates and time to time handouts

Future Prospects (personal outlook) :
Current salary against peers in industry : I feel Underpaid
Growth prospects : Ladder too short to climb much. But build up character
Where I will go from here : Discuss with the HOD on my salary and request for a revision to meet the market standards.

I recently got promoted and they increased my salary by 10%. After 6 months of probation they will increase my salary to 8.8k which i feel is still way below market range that others are getting although my JD is 1 of a kind to have an accurate comparison.
NAVEE
post Oct 4 2022, 10:36 AM

Getting Started
**
Junior Member
88 posts

Joined: Nov 2021
QUOTE(lazybugis @ Oct 3 2022, 09:05 PM)
Do you know what the market range for your position/area of expertise?
*
I am still doing research but it should be from 12-15k. At least that is what my peers are getting here in the office.
NAVEE
post Jun 30 2023, 11:27 AM

Getting Started
**
Junior Member
88 posts

Joined: Nov 2021
Job Title : Application Support Manager
Job Desciption : Core banking system support manager
Age : 36
Years spent in company : 9
Company :
Industry : Banking
Employment Level : Permanent
Experience before joining (years) : 3
Highest paper qualification/ education background : Degree
Location : KL
Average Working Hours Per Week (incl lunch hours): 50

Monetary Payout
Basic Salary + Fixed Allowance : RM 11000
Contractual Bonus (months): 0 mths
Performance, Variable Bonus & Commissions (months) : 4-6 mths

Work Flexibility (where relevant) : Flexi hours available but not really applicable as you work around the clock if required
Work From Home Availability: 3 days in a week
Annual Leaves: 24 days
Flexi Working Hours : Yes

Benefits (where relevant) :
Health Benefits : unlimited in patient and dental, life insurance, bi annual medical checkup, limited traditional medicine coverage.
Transport Benefits : free parking at office?
Mobile / Internet / Gadget Benefits : nope
Other Benefits : Company resort around the country, trainings and certification covered, from time to time give out good freebies, annual book allowance.

Future Prospects (personal outlook) : Not much prospect here, as the promotional gap is low.
Current salary against peers in industry : Average
Growth prospects : Not much room for growth
Where I will go from here : Planning to go to a less critical role and maybe look at risk and compliance roles
NAVEE
post Jul 9 2023, 02:54 PM

Getting Started
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Junior Member
88 posts

Joined: Nov 2021
What do you guys think should be the way to negotiate salary with your new company?

I am jumping to a company that has a reduction of 10 days AL compared to before, lower epf employer contribution, lower medical.

Should I ask for 30% of my basic and fix allowance or take into consideration the AL and epf contribution as well?

I am thinking of asking for 40% but due to the company being a little cost efficient I am worried of losing the job opportunity.
NAVEE
post Jul 17 2023, 02:25 PM

Getting Started
**
Junior Member
88 posts

Joined: Nov 2021
QUOTE(DAPMPBAMCAuto @ Jul 16 2023, 01:38 AM)
May I know what is your current job grade? Manager, AVP, VP? And since how many years you've been in the current job grade/rank?
*
My company is a little different. There is no AVP n VP level.
I am at manager level. Been in the position for a year.
NAVEE
post Jul 20 2023, 10:11 PM

Getting Started
**
Junior Member
88 posts

Joined: Nov 2021
QUOTE(alpha team @ Jul 20 2023, 09:09 AM)
then what is the next position after manager? general manager, assistant GM, senior manager or what?
*
Director level after manager. Not a lot of jumps for my company.

 

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