Hays Salary Guides 2009
May 23rd, 2009
Thanks to a comment from a reader, I got to know about the Hays 2009 Salary Guides.
After browsing through some of these guides, I personally think the salary ranges are on the high side, especially when the footnotes say “salaries are representative of the total package value, although exclude any annual bonus.”
Here’s a sampling of some of the salary ranges in the Hays Salary Guides:
- MNC Financial Controller – $200k to 270k
- Private Equity Senior Analyst – $180k to $250k
- Global Markets Trader – $83k to $150k
- Risk VP (Banking) – $150k to $220k
- Front Office Database Developer (Finance) – $90k to $140k
- Front Office Quantitative Developer (Finance) – $190k to $280k
- Project Manager (Finance Technology) – $130k to $190k
- IT Client Relationship Manager – $150k to $260k
- J2EE Senior Analyst Programmer – $48k to $60k
- DBA – $80k to $130k
- IT Development Team Leader – $90k to $200k
- IT Development Manager – $150k to $260k
- IT Sales Director – $200k to $350k
- IT Presales Manager – $130k to $250k
- Lawyer in Private Practice 6 Years PQE – $140k to $250k
- Inhouse Lawyer 8 Years PQE – $400k to $450k
- Human Resource (HR) Head – $150k to $400k
- HR Compensation & Benefits Manager – $100k to $300k
- Marketing Director – $170k to $250k
- National Sales Director – $200k to $350k
- Sales & Marketing Country Manager – $300k to $450k
- Architect with 5-10 Years Experience – $84k to $120k
- Civil Engineering Senior Project Manager – $120k to $180k
- Oil & Gas Planning Manager – $180k+
- Oil & Gas Offshore Construction Project Director – $300k+
Do you think the Hays’ salary figures are high, low, or just right?
Superman Says:
May 23rd, 2009 at 1:15 am
All those are high income profession. Do you have salary guide for low income profession?
Jonathan Wong Says:
May 23rd, 2009 at 4:00 am
My guess is that salary guides provided by recruitment agencies like Hays use numbers that are artificially inflated. They can write whatever they want, since they themselves come up with the report, and it’s not audited by anyone else.
They need to give you jaw-dropping figures, so that you will question your current pay in your current position, and engage them for their services.
Frankly, I will only trust salary surveys done by the government, NGOs or other neutral parties without any ulterior motives. Unfortunately, very rarely do you come across a report like that.
in the know Says:
May 23rd, 2009 at 11:55 am
yup renumeration stated is fair..and our counterparts in HK are raking in more at the expense of their health.
SLim Says:
May 23rd, 2009 at 7:27 pm
Probably the numbers here are more for the expat execs who get a better package and don’t have to pay CPF…
matheas Says:
May 23rd, 2009 at 7:48 pm
I think this was purposely made higher. So people who read will demand from boss or switch job.. This will be good for Head hunters..
Real Pay Consultant Says:
May 23rd, 2009 at 9:42 pm
Look, Hays is a RECRUITMENT company.
It is in the general interest of recruitment companies to place individuals with HIGH PAY vs someone who is paid significantly less as they are generally paid on salary multiples of the people they place.
Think about it.
Real Pay Consultant Says:
May 23rd, 2009 at 9:44 pm
… one more thing.
Hays (with an “s”) should NOT be confused with Hay, who have a better claim at being pay consultants…
real pay Says:
May 24th, 2009 at 12:23 am
To Real Pay Consultant: so what are the real pay ranges? Does Hay (without “s”) publish their own salary guides?
in the know2 Says:
May 24th, 2009 at 9:38 am
hey, dont u guys look for jobs thru recruitment companies, that source for you jobs with DECENT pay vs LOW PAY ??
real pay Says:
May 24th, 2009 at 12:12 pm
No I don’t. I go through friends, ex-bosses and ex-colleagues.
Mwongky Says:
May 24th, 2009 at 2:13 pm
In most total package, it includes medical, insurance, retirement (CPF in SG’s case), other perks (housing, car etc) which leads me to think the numbers are very reasonable.
noname Says:
May 24th, 2009 at 2:44 pm
how about for aerospace engineer
real pay Says:
May 24th, 2009 at 3:22 pm
They should define “total package”. To make things absolutely clear, they should publish “gross annual pay”, which means monthly gross pay (excludes employer’s CPF) x 12.
Otherwise it’s just hard to compare “total package”, as benefits vary across companies.
People mainly care about the cash that goes into their pockets, which can be derived from gross pay easily.
sounds like you made it Says:
May 25th, 2009 at 8:29 am
Ranges are a good indication. It is not possible to tabulate total packages inclusive of soft benefits. Some companies provide company cars, transport and chauffeur, maids, housing allowances, options, RSU, baby bonuses, country clubs memberships etc, if you are at D/C level; and when you are at that level, you will know what you are entitled to and which band you are at. =)
adviser Says:
May 25th, 2009 at 11:54 am
I think the figures shown are OTE (on target earnings) or GAI (Gross annual Income)
superman Says:
May 25th, 2009 at 4:17 pm
the pay looks alright to me. these are international pay scale. For those of you who compete with talents on an international level, the pay is about there. These are not expatriate package.
Real Pay Consultant Says:
May 25th, 2009 at 11:45 pm
real pay: Yes “Hay” does publish surveys.
Hate to say it, but to expand on superman’s point… yes, these are reasonable for jobs who compete for international talent.
Most people (myself included
have to realise that this means an experience set that is not only great from a “worked for which brand-name company” perspective, but also from a “performed at an incredible level of performance” level (alternatively could be “has worked long enough to be evenybody’s grandfather”).
In the SG context, this is maybe 1 in 500 people.
I also think they got the numbers for in-house and practicing lawyer reversed.
Kevin Says:
May 26th, 2009 at 8:56 am
Having engaged with such recruitment agencies and having seen a slightly more relevant, but equally suspect, pay survey from HR management firms, I will tell you that these may not always be real pay and is more the budget amount that the various companies are willing to pay for the role. For example, I am quite sure they got the Inhouse Lawyer 8 Years PQE right because the company is asking for someone with an AP region focus. Whether they did find the right hire or not, I am not so sure though. And if the right candidate come along asking for 250k, I do not think they will up it to 400k just to say company pay market rates.
Bottomline, it gives the commoner a glimpse of what pay you can technically achieve (in 2008,bc as opposed to 2009 ac, before and after crisis) if you are in the right place at the right time with the right recruiter for the right company. For the stastician in us, it is just showing us the end of the long right tail.
in the know Says:
May 26th, 2009 at 11:24 am
all the rights.. nicely said and placed… it is also dependent on how much you know about the industry you are in, how much you are worth and how much you are willing to accept.
James Says:
May 27th, 2009 at 6:35 pm
the salaries in the financial sector looks about right…
bankingsector Says:
May 30th, 2009 at 12:27 am
agree with James and in the know… the salaries stated for the trading and risk professions in banking look about right.
lawyer Says:
June 3rd, 2009 at 11:07 pm
in-house lawyer figures way too low, look more like paralegal figures
IFRS Says:
June 6th, 2009 at 2:39 am
FC at MNCs varies. Fortune 500 or Large TLCs can be over 1mil but small MNCs are around 120k.
Salary Survey | Salary.sg - Your Salary in Singapore Says:
June 20th, 2009 at 6:40 pm
[...] example, more than 50% of readers here voted that the figures in Hays Salary Survey and Guide 2009 are too [...]
Salary Survey « Singapore Trivia Says:
June 22nd, 2009 at 3:37 am
[...] example, more than 50% of readers here voted that the figures in Hays Salary Survey and Guide 2009 are too [...]
Renter Says:
June 23rd, 2009 at 9:44 am
I am a foreigner currently working in Singapore. I had an engagement with Hays and was offered a role with one of the big MNC banks here in Singapore. The salary offered was nowhere close to what’s written in the salary report. I didn’t take the position and instead took an internal transfer. A good rule of thumb I think is to apply a 20 to 25 percent discount and you would be close to the real number.
Hays Salary Guides 2009 - Page 3 - Salary.sg Forums Says:
June 23rd, 2009 at 10:56 am
[...] I am a foreigner currently working in Singapore. I had an engagement with Hays and was offered a role with one of the big MNC banks here in Singapore. The salary offered was nowhere close to what’s written in the salary report. I didn’t take the position and instead took an internal transfer. A good rule of thumb I think is to apply a 20 to 25 percent discount and you would be close to the real number. http://www.salary.sg/2009/hays-sala... [...]
bananarama Says:
June 23rd, 2009 at 11:40 am
Thanks for your tip renter. Which industry are you referring to? IT? Banks? Thanks.
Renter Says:
June 25th, 2009 at 9:58 am
I work in Front Office (Banking) IT.
??? Says:
June 30th, 2009 at 10:57 pm
any idea how much a first year tax manager in a big 4 earns?
Salary Surveys: 100+ Salary Surveys, Databases and Calculators From Around the World in 2009 | JobMob Says:
September 11th, 2009 at 2:02 am
[...] Comments on numbers for Singapore in Hays Salary Guides 2009 [...]
Corporate Paralegal Administrator $80K – $90K | JobDesk.ORG Says:
May 13th, 2012 at 5:38 am
[...] Hays Salary Guides 2009 | Salary.sg – Your Salary in Singapore [...]