First-rate people hire first-rate people; second-rate people hire third-rate peopleLeo Rosten Welcome back to another post in my Salary Series! In my previous post, I wrote about negotiating salaries for a new job offer. But how do you go about getting those job offers in the first place? That’s where Parts 5 (this post) and 6 come in, where I delve into the dynamics and how to job search. In this post, I’ll explain in detail the dynamics of the…

The correct price for any asset is what someone else is willing to pay for it, because all asset prices rely on subjective assumptions about the futureMorgan Housel Key takeaways Job offer negotiations are an exercise in price discovery You don't know what the maximum salary is possible is til you push boundaries Always negotiate. You don't ask, you don't get The biggest leverage you can have is multiple job offers at the same time Introduction Welcome to the fourth…

"The property which every man has in his own labour, as it is the original foundation of all other property, so it is the most sacred and inviolable" Wealth of Nations, Adam Smith Key takeaways Companies categorise roles into job functions and grade levels, which results in salary bands Salaries (and bands) are reviewed annually as part of the annual budgeting and performance review process Salary bands are revised based on benchmark data, financial performance and macroeconomic forecasts Budgets cascade…

“It is not the employer who pays the wages. Employers only handle the money. It is the customer who pays the wages.” Henry Ford Key Takeaways Salaries in Malaysia are growing; however, they remain low relative to developed markets Salaries are determined based on the supply vs demand for labour, in addition to the effectiveness of matching supply and demand Impediments to improved salary growth in Malaysia are mainly due to structural reasons in our economy and country: Oversupply of…