You'd be surprised at the mark-up for people arbitrage!Sergei82 wrote:Doubt that. Who will like to feed vendors that much for nothing? Its not the vendors doing work in the bank, isn't it?Wd40 wrote: My colleague gets paid $5600 a month and the per day billing rate applied across the working days of a month came out to be about $10,000![]()
![]()
SINGAPORE EXPATS FORUM
Singapore Expat Forum and Message Board for Expats in Singapore & Expatriates Relocating to Singapore
"What is your current salary?" - thinking about this questio
Re: "What is your current salary?" - thinking abou
I do it from time to time. It saves both parties embarrassments and some timeSergei82 wrote:Who in the hell will be interested to disclose his current salary [..]

Re: "What is your current salary?" - thinking abou
Disclosing the budget for the position equally saves time and embarrassments, isn't it?x9200 wrote:I do it from time to time. It saves both parties embarrassments and some timeSergei82 wrote:Who in the hell will be interested to disclose his current salary [..]

I decline answering that question and reply by asking what the range for the job is, then ask how fixed that is. I tel them I'm happy to discuss salary once I've met the company, which means I've already read the JD, know which company it is for, and actually have interest in it to begin with.
I don't tell just anybody my salary, that info goes into databases and people in those firms come and go.
I don't tell just anybody my salary, that info goes into databases and people in those firms come and go.
- Strong Eagle
- Moderator
- Posts: 11504
- Joined: Sat, 10 Jul 2004 12:13 am
- Location: Off The Red Dot
- Contact:
Sergei82 wrote:Doubt that. Who will like to feed vendors that much for nothing? Its not the vendors doing work in the bank, isn't it?Wd40 wrote: My colleague gets paid $5600 a month and the per day billing rate applied across the working days of a month came out to be about $10,000![]()
![]()
Actually, that's about right... maybe even a bit low for professional types.
So what is the rational? You don't care about motivation and quality of work that folows demotivation. You can pay more, but as long as it is coming from another part of the budget, financial statements for your department look good and you're happy? Was it one of the factors contributing to recent decline in banks?Strong Eagle wrote:Sergei82 wrote:Doubt that. Who will like to feed vendors that much for nothing? Its not the vendors doing work in the bank, isn't it?Wd40 wrote: My colleague gets paid $5600 a month and the per day billing rate applied across the working days of a month came out to be about $10,000![]()
![]()
Actually, that's about right... maybe even a bit low for professional types.
Why then our bank hires in Pune and Bangalore mostly on vendor's payroll? Cheaper locations anyway. Is it finance/accounting gambling?
- Strong Eagle
- Moderator
- Posts: 11504
- Joined: Sat, 10 Jul 2004 12:13 am
- Location: Off The Red Dot
- Contact:
Nobody ever got fired for hiring IBM, or HP, or Accenture. All of these companies have overhead. Even as a small company, I can't do 25 percent markup... I absorb all the paperwork, the payment risk. I handle taxes, I bill the client and pay the employee/contractor. 50 to 75 percent of gross payroll costs is the normal markup for small firms, and I've seen far larger multiples for the big firms. How about $100 per hour for Indian programmers brought over on H1B visas who were earning $139 per day? Whatever the dumbasses will buy is what you sell.Sergei82 wrote:So what is the rational? You don't care about motivation and quality of work that folows demotivation. You can pay more, but as long as it is coming from another part of the budget, financial statements for your department look good and you're happy? Was it one of the factors contributing to recent decline in banks?Strong Eagle wrote:Sergei82 wrote: Doubt that. Who will like to feed vendors that much for nothing? Its not the vendors doing work in the bank, isn't it?
Actually, that's about right... maybe even a bit low for professional types.
Why then our bank hires in Pune and Bangalore mostly on vendor's payroll? Cheaper locations anyway. Is it finance/accounting gambling?
As a business, your goal is to maximize profits but on a sustainable basis.
Now suppose your budget to pay a candidate is 6k, you call up a candidate and then ask him his salary and 3 situations are possible
a) candidate is currently earning 3.5k. Now market trend for hikes is say 10-15% so you would be crazy to offer the candidate 6k. Rather you would try to pay 5k and keep the 1k as additional profit and this could then be given to another stubborn candidate who is hell bent on joining at only 7k. So net net your profits are still same.
b) candidate is currently earning 5.2k. In this case you will have to expend your full budget of 6k
c) candidate is currently earning 6.5k. There is no point even talking to this person anymore.
Now suppose your budget to pay a candidate is 6k, you call up a candidate and then ask him his salary and 3 situations are possible
a) candidate is currently earning 3.5k. Now market trend for hikes is say 10-15% so you would be crazy to offer the candidate 6k. Rather you would try to pay 5k and keep the 1k as additional profit and this could then be given to another stubborn candidate who is hell bent on joining at only 7k. So net net your profits are still same.
b) candidate is currently earning 5.2k. In this case you will have to expend your full budget of 6k
c) candidate is currently earning 6.5k. There is no point even talking to this person anymore.
And that is from the point of the consultant or end employer ??Wd40 wrote:As a business, your goal is to maximize profits but on a sustainable basis.
Now suppose your budget to pay a candidate is 6k, you call up a candidate and then ask him his salary and 3 situations are possible
a) candidate is currently earning 3.5k. Now market trend for hikes is say 10-15% so you would be crazy to offer the candidate 6k. Rather you would try to pay 5k and keep the 1k as additional profit and this could then be given to another stubborn candidate who is hell bent on joining at only 7k. So net net your profits are still same.
b) candidate is currently earning 5.2k. In this case you will have to expend your full budget of 6k
c) candidate is currently earning 6.5k. There is no point even talking to this person anymore.

Well... we all know this logic. The question is - why would I help this guy to calculate his expenses? I have my own concerns: I need more money, by not disclosing my salary I have an opportunity to go up way beyond market trend. I do not give damn who is crazy over there.Wd40 wrote:As a business, your goal is to maximize profits but on a sustainable basis.
Now suppose your budget to pay a candidate is 6k, you call up a candidate and then ask him his salary and 3 situations are possible
a) candidate is currently earning 3.5k. Now market trend for hikes is say 10-15% so you would be crazy to offer the candidate 6k. Rather you would try to pay 5k and keep the 1k as additional profit and this could then be given to another stubborn candidate who is hell bent on joining at only 7k. So net net your profits are still same.
b) candidate is currently earning 5.2k. In this case you will have to expend your full budget of 6k
c) candidate is currently earning 6.5k. There is no point even talking to this person anymore.
Once my own concerns are resolved, I am ready to help other people, struggle for the sake of the whole humanity, galaxy and universe. But not before that!
Am I saying nonsense???
Yes, they can. Here, in Singapore. Only the dumbest recruiters. Fortunately, my niche is quite narrow - not a huge lot of specialists. If there is some opening, several recruiters contact me at a time. I really can and am willing to help them by disclosing how much do I want to earn. Whether it is too much for me it is not their animal concern, it is concern of the company which has the opening.ecureilx wrote:From my experience, the thing is .. if you don't state your current, most agents don't know how to go about it, and tend to discard your resume ..Sergei82 wrote:....
Does anybody here say otherwise ?

What a hell? Recruiters want higher commission, isn't it? Unless those are vampire vendors!
- sundaymorningstaple
- Moderator
- Posts: 39766
- Joined: Thu, 11 Nov 2004 1:26 pm
- Location: Retired on the Little Red Dot
IF they didn't want higher commissions, they wouldn't be recruiters. It's not a charitable institution where people just donate their time to helping others find jobs. 

SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers
-
- Similar Topics
- Replies
- Views
- Last post
-
-
Questio about the EP Status
by sunnyrose1994 » Mon, 21 Jan 2019 2:21 pm » in Careers & Jobs in Singapore - 0 Replies
- 727 Views
-
Last post by sunnyrose1994
Mon, 21 Jan 2019 2:21 pm
-
-
-
The Professional Certificate of your current employment?
by minenaxiii » Sat, 21 Apr 2018 9:46 am » in PR, Citizenship, Passes & Visas for Foreigners - 11 Replies
- 4912 Views
-
Last post by Jayden chg
Tue, 29 Sep 2020 12:22 pm
-
-
-
Anyone else thinking of deleting their Facebook IG and or other SM profiles?
by PNGMK » Thu, 22 Mar 2018 3:33 pm » in General Discussions - 2 Replies
- 3335 Views
-
Last post by rajagainstthemachine
Fri, 23 Mar 2018 11:52 am
-
-
-
Ex-PR, thinking of moving to Singapore
by don1989 » Fri, 04 Oct 2019 2:54 am » in PR, Citizenship, Passes & Visas for Foreigners - 11 Replies
- 3808 Views
-
Last post by sundaymorningstaple
Sat, 05 Oct 2019 4:48 pm
-
-
-
thinking of applying PR. chances ?
by hellofriday » Sun, 12 Jan 2020 2:25 pm » in PR, Citizenship, Passes & Visas for Foreigners - 4 Replies
- 2350 Views
-
Last post by hellofriday
Mon, 13 Jan 2020 10:08 pm
-
Who is online
Users browsing this forum: No registered users and 13 guests