Sunday, January 23, 2005

Earning your keep

Yesterday on the Sun newspaper was presented an article about pay increment and bonuses..

Statistic given:

1. The average salary increment is 6%
2. I.T sector has higher rate of 7.3%
3. Oil and Gas industry
Junior management = 29% higher than the general market
Senior management = 26% higher than the general market
4. F0r 2005, increment is expected at 6.1%
5. For 2005, real estate and customer product sector are expected to have pay rise of 7%
6. IN 2004, 95% of 215 companies surveyed raised the executive staff salary. it was 89% in 2003.
7. In 2004, 96% of 215 companies surveyed raised the non-executive staff salary. it was 87% in 2003.
8. Before 1997, salary increased by average of 9.5%
9. In 2004, contractual and discretionary bonuses for executive was 2.95 months (2.78 months in 2003)
10. In 2004, contractual and discreationary bonues for non exec was 2.82 months (2.38 months in 2003)
11. Last year(2004) average rate for executives increment is 5.9% compared to 6% in 2003.
12. Last year(2004) average rate for non executive increment is 5.3% compared to 5.7% last year.
13. Malaysia economy expected to grow by 7% in 2005.
14. In Malaysia, average of 5.4% - 6.3% for salary increment given out by Malaysian company for 2004, higher than 3% to 5% in 2003.
15. In Singapore 2004, only 3.2% to 3.7% for salary increment given out by companies and in Hong Kong is 1.3% to 2%.
16. In the past, 80% to 90% of remuneration package comprised of fixed salary while the rest is bonus. Now it is 70:30.

3 comments:

home mortgage broker said...

i really enjoy reading your blog

consolidation debt non profit said...

its all a conspiracy!

diabetic symptoms said...

very interesting. kinda makes you think