Tuesday, July 8, 2008

13 Months Salary

I’ve seen about 6 new clients over the past month. Most of them were listed local companies and one being an international company.

Most of these companies have changed their salary structure effective 08. Four out of 6 companies have adopted 13 months salary which is one months contractual bonus and the KPI structure still stands as up to 2 months salary and other variables depends on company performance. Different company different practice.

The earning power of a IT Engineer is about 13-15 months in most companies now, with or without contractual bonuses. In MNC's the earning power is about 15-17 months salary.

Basic Salary = 14 months, performance bonus X 2 months, company performance up to one months salary. All in all, this is about a 16 months salary structure. Ideally even if you are earning RM 8k you potential earning is about RM 107, 000 yearly.

I think for most firms moving forward, a good market competitive salary structure should be about 13 months basic salary.

Communiqué Asia 2008 Singapore.

This is probably a delayed post as I have been up and about in the recent weeks. I am looking forward to meeting a candidate tomorrow and she has been so busy participating in many tenders recently. I guess the industry is moving forward.

Well communiqué Asia was an eye opener event for me in terms of learning up new technologies in the world of telecommunications and VA-Services companies which are coming up with ever interesting technologies. I learnt a lot about Satellite communication, operators, convergent technologies and mobile showcases. I believe there were about 50’000 visitors this year. A lot of talks on WIMAX and I hope our 4 WIMAX license holders will come up with something concrete b 3rd Q 2008. I know 3 of the license holders are aggressively moving forward with this but YTL Technologies have been fairly quiet.

Predominantly, the objective of going down was to visit our clients and to learn the Singaporean market. Most Malaysians which I met there, who were about the age of 32-35 have stated that the exposure in Singapore is twice the exposure you get in Malaysia. The designations in roles are also different and their ways of project approach are so structured unlike Malaysia in certain ways, because on two occasions I’ve heard that you can go from A- C and then come back to B after performing D on project and sometimes, on many occasions documentations are messed up. But this year, things have been interesting; I have met more candidates who are PMP/PMI certified and more candidates who have a stringent approach in determining a Project Methodology.

I learn a lot about the industry through interviewing Project Managers. Such as the MITI Matrix 1 project; that was fairly a big screw up and the ‘cleaners’ of the Matrix MITI 2 project rescued the government from spending more ringgits on the project hence the project managers on Matrix MITI 1 project did not do a good job. The MITI 2 Project Managers salvaged the job, but a salvaging job that cost RM 48 million. The MPAJ CCTV project that did not go down to well is also another example, so I diverted my searches to the Project Managers who implemented the MPSJ CCTV projects instead.

The exposure in Singapore is greater than Malaysia and more and more candidates are willing to move to Singapore at the moment. It is a scary thought if we were talking about Brain Drain now. Another scary reason is, when someone has gone to Singapore for two years and comes back; he or she has to settle for a one for one salary expectation and not the value that you bring across. I have not gone to Singapore for about 5 years but the quality of life there is much better than Malaysia and the security which is much of a concern for us all now. Nevertheless Malaysia is home for me and a lot of us.

CommunicAsia provided me with an insight to the future of mobile and telecommunication technology. We are becoming so close to digital communication and bringing people closer together through telecommunications ‘closing the gap’. One of my favorite displays was NTT Docomo. Digitalizing communication in our palm of our hands! ‘Redesigning the world we live in…