I am wondering what’s your salary increment and bonus like? In my opinion, salary increment can be range in between 5-30% depending on your job performance while bonus commonly can be range in between 1-6 months. Is that true?
What about the benefits of your company? What are the working hours and workload like? For my company, I can get education allowance, medical allowances up to RM400 per financial year, and personal insurance claim.
About My Salary Increment From Year 2006 to 2010
As we known, Malaysia’s inflation rate hit was a bout 7-8%. It’s almost high mostly due to the increase in petrol price. If your salary does not increase by at least 8%, then you aren’t really getting an increase in income. Am I right?
This is the way to calculate a percentage of pay increase:
1. Take the difference between two pay RM3,500 – RM3,000 = RM500
2. Divide it by the original number, RM500 /RM3,000 = 0.16
3. Finally, multiply the number above by 100. So, 0.16×100 = 16%
You’ve gotten a 16% raise which is far better than the standard “cost of living increase” of about 7-8%? My final advice: For those who do not have preset salary increases, it’s better to use a salary increase rate that is on par with inflation at minimum. So, have you checked yours? How much percentage you get every year?