Talking Point : Retrenchment

[Starabby]

That's why karma come for his family now, isn't it?

I believed in Karma and karma will not be happen in own-self but will be on their future generation.

 

[jumpthepig]

Kept saying, ageism is a real issue. With technology, the corporate shelf-life is getting shorter.

It’s not competition with foreigners, the cheaper and younger local workers can take our jobs too, esp those in their prime 30s.

No doubt income level is increasing. But it’s to compensate for a shorter corporate lifespan. Must save up for the days when the axe comes.

Walk around CBD during lunch, seldom see older workers. Mostly 20s - late 40s.

Burden cost - It is generally higher for senior employees as they are entitled to other benefits, including fringe benefits….

 

[spinex]

got a few white elephant in the room but no one want to actually go deeper.

video did happen to go into ad break when karen was talking about her position replaced by jhk but no continuing discussion there.

is it really Foreign Talent or people with dubious qualification coming in to take jobs at a lower salary?

there will be a talking point when sg can get a union to protect people from retrenchment instead of running a supermarket

Run supermarket make more profit than running a union ma...

 

[I_am_bored]

SG has an aging population - there needs to be a fundamental relook at the type of requirements we set on companies who are setting up here. There must be some form of mandate on companies to ensure they don't just cut workers due to age, even if it means slower growth and we miss out on some companies due to this policy.

Govt can always implement a policy and observe the effects for 3-5y years. The policies can always be reversed if it's really damaging. Don't keep giving motherhood doomsday scenarios. Just test it out and the results may not be as bad as assumed.

 

[askxyz]

can’t expect much from msm. It’s expected they close the show with gov stance. You expect them to end with simmering anger among viewers? lol

at least provide suggestions and ideas to resolve the problem. but they seem to tell us everything is good now, nothing to improve

 

[randomph]

My personal experience: -

Foreigner colleague salary $3k, don't solve problems, throw all problems even the smallest ones to boss to resolve.

Sinkie salary $6k, solves all problems, didn't even need boss to solve anything.

Boss say the foreigner at $3k still the best!

Foreigner keeps boss important cos need boss to solve.
Sinkie removes all problems and makes boss role irrelevant

 

[ADBCrusader]

Wake me up when these companies hire sinkies in the first place

Or when they fire FTs.

 

[ADBCrusader]

Sinkies jobs lost to MYS / foreigners. With RTS coming, prepare for more job losses. Anyone can lose his job no matter how good one is.
Need to reduce quotas and increase higher levies. Foreigners are becoming more expensive to hire than sinkies.

Yet some companies still hire FTs for the highly paid leadership roles.

Waiting for MOM to start blacklisting all of these firms.

 

[ADBCrusader]

sigh.. what to do?

Migrate...

 

[ADBCrusader]

got a few white elephant in the room but no one want to actually go deeper.

video did happen to go into ad break when karen was talking about her position replaced by jhk but no continuing discussion there.

is it really Foreign Talent or people with dubious qualification coming in to take jobs at a lower salary?

there will be a talking point when sg can get a union to protect people from retrenchment instead of running a supermarket

I can only dream of a union in Singapore that protects locals instead of being a government lapdog.

 

[ADBCrusader]

I guess in the future, coys will only maintain a presence in SG only merely for international tax planning purpose, though not sure if that will change after BEPS 2.0

I suppose Singaporeans are truly doomed then. Companies leaving, job opportunities dwindling, foreigners still keep swarming into SG taking and fighting for whatever jobs remaining.

Meanwhile our world class mgmt everyday scream and shout "reskill retrain upskill upgrade e2i wsg skillsfuture"...

Good luck to the PAP when they need true blue Sinkies to serve NS and work in the government.

 

[ADBCrusader]

Someone posted this.

Quite hard to migrate with children though. Probably need to start a thread on this.

 

[thisisnotme1212]

companys hirings remote workers saves ons cpfs and levys rights?
makes sense tos hires overseas
unless theys scareds the persons justs suddenlys disappears

 

[dhlnsz]

Quite hard to migrate with children though. Probably need to start a thread on this.

Migrate. The foreign country may reject them.

 

[ADBCrusader]

Migrate. The foreign country may reject them.

Yeah, that is a huge risk.

If i am not wrong, the older you are, the harder for you to migrate also. Not to mention you have to spend a lot of money to get your visa, work and residence permits.

I still want it to be an option for me to consider though, even if it is just a temporary relocation.

 

[Nefalrin]

Even that is not a problem as I have not done much work for almost 3 years.. If I walk out empty handed, paychecks collected for the last 3 years more or less cover any severance package. If I get layoff with a package, it will just be icing on the cake.

So you are saying you would willing to waste your 3 years of life for exchange of money.

So if company suddenly sack you now and give a reason poor performance, it is ok with you.

Ok. then that justifies the poor performance then ..

No wonder almost all company keep doing that to sack staff

 

[Mr Totoro 38]

I still want it to be an option for me to consider though, even if it is just a temporary relocation.

mind ask? temporary relocation to where? which location?

Ya, as you said, now is getting harder to migrate. All countries don;t open leg big big...
sighsss

 

[askxyz]

Grace... Wtf... Notice period is not a retrenchment benefit

i think the 2 months notice is to let them still get paid while looking for job elsewhere. the company portray it as a benefit. lol

 

[Fiddler]

because of the tax issue, those company set up in Singapore because of lowest tax in the world.

So not only do we encourage them to ignore our people for jobs, we reward them with tax breaks
for it. Bravo!