Just wondering, what’s your annual increment like? Normally, the increment can range between 5-20% which depends very much on individual performance, size, nature, and culture of the company.
However, for those skilled employees, the wages are still linked to experience, productivity and demand. Most of the organisations are still willing to offer attractive remuneration packages for candidates equipped with the desired skills. Thus, highly skilled and productive employees are more likely to earn more.
Employers are usually looking at providing lower salary increments while employees are expecting more. Based on the Kelly Employment Outlook and Salary Guide 2011/2012, it indicated that there’s an average of 3 – 5 percent increase in salaries across all sectors.
Nevertheless, this year I’m aiming at 17 – 18 percent adjustment of my current salary. Based on my research, noticed that knowledge-based industries such as ICT will experience a higher salary increase due to the increasing demand for talent. So, I don’t think it will bring much trouble to meet my expectation.
Supposingly, 2012 is going to be a turbulent year due to the Euro sovereign debt crisis. But then, let us all hope 2012 be another great year for better career with higher increment and greater job prospects.