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Existing Salary for new Job

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brian_singapore
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Re: Existing Salary for new Job

Postby brian_singapore » Wed, 19 Oct 2016 6:27 pm

Most employers have asked me to confirm my last salary at some point in the interview process, usually in the last HR interview before they look at salary negotiations. This has been true in most countries i've worked in. But Singapore is the only place where employers have asked me (consistently) to produce paystubs and/or letter confirming last drawn salary after negotiations have been completed. I've never lied, so I have no idea what would happen if my paystub didn't match my claims.

Most HR departments have some benchmark that they use as a basis for salary increments. This benchmark varies a bit based on the skills, the position and how hot the job market is. They will also have a budget for the role, which is the maximum amount of money they can pay for the role. If your through the interview process and the hiring manager wants you, you can usually negotiate up to or a little past that, somewhere between HR's benchmark and the budget they have for the role. If your current salary is around the budget for the role (i.e. they think you are already at the top of the salary range for your skills/position) then you can expect things to stay flat; there is no guaranteed increment just because your hopping to a new job.

What you need to be most concerned about is your salary expectations and not your current salary. Presumably this is expectation is based on some rationale that you have the ability to articulate. During salary negotiations, the ability to articulate this well and convince the HR manager, plus how much the hiring manager wants you will dictate whether your able to meet the HR benchmark or exceed it (or walk away with an offer for your current salary).

That being said, I have ruled out some candidates based on ridiculous salary expectations. This has usually been when the expectations have exceeded my budget for a position. But I've never rejected a candidate just because their is a huge gap in their current salary vs. their salary expectation (as long as it's in budget).

There are a number of candidates who didn't get their expected salary increase when we've finally made/negotiated an offer because it was too far from their current salary. But they certainly didn't get dis-qualified from the interview.

I should probably point out my experience is mostly from a large MNC point of view, some of it in SG. But all in technology. Singapore based companies / SMEs may operate a bit differently.

Elington
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Re: Existing Salary for new Job

Postby Elington » Fri, 28 Oct 2016 1:12 am

Pretty interesting sharing!

It's always been an annoyance for me when I see the blank for "Last drawn salary" .

Honestly because I worked in kitchens, the pay was really crappy. We're looking at amounts of under $1500. Even with 3 years experience. Food and beverage industry in Singapore is about quite as bad as many places.

1. Expected Salary - It's hard to ask for even 1800
2. Working Hours - Worse scenarios will be split shifts essentially you're not able to rest properly and usually OT are unpaid. Bosses take advantage of Food and Beverage staff, especially the ones in the kitchen as they deem that we need to learn their skills therefore should make a compensation in things as such.
3. Prospect - Don't really even need to think about it if you're working in small establishments.

Those are like kind of the reasons I ended up going to Sales for F & B. And juggling a few other side lines.

Expected Salary, most people don't want to pay for a kitchen staff. It's in a way more beneficial to work as a part-time staff where you have to be paid hourly.

But still it depends on the industry you're in! Good luck!

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Wd40
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Re: Existing Salary for new Job

Postby Wd40 » Fri, 28 Oct 2016 11:04 am

Elington, with your English skills you definitely deserve more than that. Anyone who is literate and so good in communication, deserves to earn a lot more. As simple as that.

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ecureilx
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Re: RE: Re: Existing Salary for new Job

Postby ecureilx » Fri, 28 Oct 2016 10:36 pm

Wd40 wrote:Elington, with your English skills you definitely deserve more than that. Anyone who is literate and so good in communication, deserves to earn a lot more. As simple as that.

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+1.

sanjaya22
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Re: Existing Salary for new Job

Postby sanjaya22 » Thu, 10 Nov 2016 10:58 am

Wd40 wrote:To me it's a bit of a gamble. If you ask too much, another person who is asking lesser than you might get the job. In Singapore with just 1 month grace period in case you lose your job, means making a wrong step is very costly.

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good point .Thanks a lot !

sanjaya22
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Re: RE: Re: Existing Salary for new Job

Postby sanjaya22 » Thu, 10 Nov 2016 1:34 pm

ecureilx wrote:
sanjaya22 wrote:Thanks a lot for this.I feel like this forum is very impressive now.


Now if you had read this also ...


viewtopic.php?t=112748


This thread provides different view. Thanks so much for sharing.I owe you.


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