SG Budget Babe
Asked on 14 Aug 2018
You are better off referring to the salary guides released by the various recruitment agencies to benchmark your rate of salary increase against the market. This can differ significantly by industry and field so it's more useful for you to compare for the job you are in and not the jobs other people have.
Generally, job hopping is a good way to increase your salary but only if it's done wisely. As a fresh graduate, focus on learning both technical (hard) and social (soft) skills that can be relevant for a longer time. Network with your fellow graduates and experienced colleagues because that's how you will find better jobs i.e. by recommendation.
I'm contemplating a career switch at the moment - my salary hasn't jumped much over the past 3 years and in struggling to see myself in this field for the rest of my life so I feel it's the best time of my life to switch fields, suffer a slight paycut.
Advice for fresh grad- go in with your eyes wide open. See what relevant skills you can learn and take to your next job because let's face it - rarely do you stay in the same job for life anymore.
As a fresh graduate, start with any job that compensates you for a reasonable salary or one that is slightly below par. This is because the main purpose is to ensure that you keep up with the cost of living while gaining job knowledge, skills, and experience along the way.
Once you out-grow your job and has a decent amount of savings in the bank, consider moving on to the next job. If you are in a comfortable situation, then consider choosing a job that fits into your profile, e.g. field of study, passion, or interest.
At the end of the day, we will wish to end up working in a sector that we enjoy.
Here is everything about me and what I do best.
It's difficult to share salary information as that's pretty sensitive. In terms of career path perhaps I can share mine - I started working at 21, did pt study with UOL and gathered a 13 year working experience till date. It's still my first job.
So in my opinion, it's not so much about job hopping but of course career progression/promotion is imperative for salary to jump. Look at it this way, progression on a year to year basis would probably get you a 2-3% increment, while probably is probably double of that say at 6-10%. Ultimately, don't stagnate and always have a learning mindset.
Sorry, I'm not comfortable to divulge that! I don't want to be irresponsible and give off any wrong ideas that what I've achieved should be a minimal expectation either. Salary increases are tied to one's skills and value to the company, and everyone has different capabilities so I don't think there's much value in me sharing mine cos I'm me and you're you :)
My advice to fresh grads would be to focus on building up your skills and experience before you put your eye on your pay. When you upskill yourself and make yourself invaluable, you naturally will then be able to earn more. If your company doesn't wanna pay you an increase, look for someone else who will. When you're a real talent, job offers and opportunities should be plenty :)