Elixir 1st Gear October 5, 2009 Share October 5, 2009 Hi bros here , How many %increase in pay would you consider before moving on to another company? How about if you are being headhunted and an offer is made? Would like to know 'market rate'. On the other hand, whole package should be considered (overseas allowance, car allowance, bonus etc)...but if just talking about basic pay, my understanding is minimum 20% increase, what do you think? Many Thanks. ↡ Advertisement Link to post Share on other sites More sharing options...
Damienic 5th Gear October 5, 2009 Share October 5, 2009 frankly speaking, in current economy, 15% already a bit hard, let alone 20%. If 2-3 yrs ago, 20% is quite the norm but not this year.. Link to post Share on other sites More sharing options...
Vextan 1st Gear October 5, 2009 Share October 5, 2009 for me, i feel that if purely base on income and no other factor, 20% is not much at all to entice me to make a move from a comfort zone to an unknown. practically, at very least 50% more then can consider. cos if you go to a new job and then find that it is not good, it may not be easy to move back again to the previous good job. Link to post Share on other sites More sharing options...
Tigershark1976 Turbocharged October 5, 2009 Share October 5, 2009 for me, 15% increase i run like nobody business liao... Link to post Share on other sites More sharing options...
Elixir 1st Gear October 5, 2009 Author Share October 5, 2009 I know 20% is the norm. 10% is definitely not worth it but 50% is too high, in my situation and opinion. Other than pay, what factors would you consider? any relevant experience to share? Link to post Share on other sites More sharing options...
Throttle2 Supersonic October 5, 2009 Share October 5, 2009 for me, i feel that if purely base on income and no other factor, 20% is not much at all to entice me to make a move from a comfort zone to an unknown. practically, at very least 50% more then can consider. cos if you go to a new job and then find that it is not good, it may not be easy to move back again to the previous good job. yeah , 50%.... Link to post Share on other sites More sharing options...
Elixir 1st Gear October 5, 2009 Author Share October 5, 2009 Agreed maybe 20% not this year but its really a willing buyer, willing seller theory. Just don't know how far should I push to get what I want, which I think is the 20% norm, at this moment. I know people are losing jobs or getting freezes in salaries (to be honest , my company is one) but on the other hand, there are companies that are still making tons of money and yet 'conveniently' making use of the financial crisis to squeeze more profits for shareholders. Life is unfair. Link to post Share on other sites More sharing options...
Elixir 1st Gear October 5, 2009 Author Share October 5, 2009 Those who say 50%, any specific industry like banks for something? are you talking about higher level position? Link to post Share on other sites More sharing options...
Damienic 5th Gear October 5, 2009 Share October 5, 2009 Agreed maybe 20% not this year but its really a willing buyer, willing seller theory. Just don't know how far should I push to get what I want, which I think is the 20% norm, at this moment. I know people are losing jobs or getting freezes in salaries (to be honest , my company is one) but on the other hand, there are companies that are still making tons of money and yet 'conveniently' making use of the financial crisis to squeeze more profits for shareholders. Life is unfair. It really depends. If you are fairly comfortable at your current work place and think you should move only if its really worth it, I believe 20% min is what you should go for, perhaps up to 25-30%.. Link to post Share on other sites More sharing options...
Damienic 5th Gear October 5, 2009 Share October 5, 2009 Those who say 50%, any specific industry like banks for something? are you talking about higher level position? I did move once before with a 40% increase..but that was during the time when economy was really good and companies dun mind paying to get the people they want.. Link to post Share on other sites More sharing options...
Friedpiggy 2nd Gear October 5, 2009 Share October 5, 2009 (edited) depends on how comfortable you are in current job... a) Hell - (-)50% b) Extremely uncomfortable - (-)25% c) uncomfortable - (-)15% d) slightly uncomfortable - 0% e) Neutral - 10% f) slightly comfortable - 20% g) Comfortable - 30% h) Extremely comfortable - 50% i) Heavenly - 100% with that in-mind if you leave a heavenly place to a hellish place then you still make 50% more when you leave the hellish place Edited October 5, 2009 by Friedpiggy Link to post Share on other sites More sharing options...
Elixir 1st Gear October 5, 2009 Author Share October 5, 2009 wow, 40%, do you mind telling which industry is this? Link to post Share on other sites More sharing options...
Damienic 5th Gear October 5, 2009 Share October 5, 2009 Food Industry (B to B). Actually I would have asked 25-30% for that switch but the headhunter is confident his client will pay and so kinda advise me that I can put more.. Link to post Share on other sites More sharing options...
Kusje Supersonic October 5, 2009 Share October 5, 2009 Food Industry (B to B). Actually I would have asked 25-30% for that switch but the headhunter is confident his client will pay and so kinda advise me that I can put more.. Unprofessional headhunter. Working for his own benefit instead of the clients.... Link to post Share on other sites More sharing options...
Stary Turbocharged October 5, 2009 Share October 5, 2009 Hi bros here , How many %increase in pay would you consider before moving on to another company? How about if you are being headhunted and an offer is made? Would like to know 'market rate'. On the other hand, whole package should be considered (overseas allowance, car allowance, bonus etc)...but if just talking about basic pay, my understanding is minimum 20% increase, what do you think? Many Thanks. why are you just looking at salary increase or renumeration? If you are still quite young, you should be looking at opportunities, experience and values that you can gain either in your current company or the new company. If you have gain enough experience, skillset, values, etc....trust me, money is just a matter of time. I find it such a big mistake for young people thesedays to just look at salary and renumeration and then jump ship. It's really silly. You should jump ship only when the opportunities and experience that you can gain is very slim. If you are now 50 already, then yes...please join another company if they pay you more. Afterall, you really don't need much more experience. Link to post Share on other sites More sharing options...
WTF 4th Gear October 5, 2009 Share October 5, 2009 I thinks it boils down to if you're happy in your current job and if you think jumping ship would offer better opportunities and experience. I jumped ship when I was offered slightly above 10% as I found myself dragging my feet to my last job of >10 yrs. Link to post Share on other sites More sharing options...
Solar Turbocharged October 5, 2009 Share October 5, 2009 I thinks it boils down to if you're happy in your current job and if you think jumping ship would offer better opportunities and experience. I jumped ship when I was offered slightly above 10% as I found myself dragging my feet to my last job of >10 yrs. the reverse is also true.. i jumped ship when i was offered near 20% and doing something similar to my previous job.. and end up... sigh... responsibility, workload and stress level also jumped 200% Link to post Share on other sites More sharing options...
Gearoil 1st Gear October 6, 2009 Share October 6, 2009 Hi bros here , How many %increase in pay would you consider before moving on to another company? How about if you are being headhunted and an offer is made? Would like to know 'market rate'. On the other hand, whole package should be considered (overseas allowance, car allowance, bonus etc)...but if just talking about basic pay, my understanding is minimum 20% increase, what do you think? Many Thanks. The answer to this type of question is NEVER a straight forward one, unless based on your type of personality, where money is all that matters, then there could be NO correct answer to suit you. There are two distinct way one could look at such issue. If you are earning less than $8K/mth then what is an increase of 20%, if you got to get outta of your 'pervious comfort zone' and work harder? Not worth right? On the other hand, if you are really a very high wage earner, average more than $250k/yr then 20% is something worth considering, provided other aspects of the new job is agreeable too. But based on the way you look at issues in life, I guess you will be hard pressed to see money matters in life in a more enlighten light! ↡ Advertisement Link to post Share on other sites More sharing options...
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