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Anonymous
Is 5% a bare minimum or one should aim higher?
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Billy
11 Jul 2023
Development & Acquisitions Manager at Real Estate Private Equity
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Tony
11 Jul 2023
Computer Engineering at Nanyang Technological university
2-3% mostly, and can be lower depends on economy situation as well.
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It's honestly not within your control. I think its something you gotta experience when you are in the company / seek to understand from other employees. Individual companies have different increment structures and considerations.
Go in with an increment expectation based on what you deliver to the company - that's how you negotiate rather than saying "The industry average increment is 5%, why did I only get 3%?" Increments needs to be justified to one's performance, deliverables and contributions.