Economy is heading for hard landing. For sure another round of layoff is coming.
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How many laid off in china?
Despite record crude oil price we are still cutting head counts . Believe this is to right size the actual organisation in the future . So the msg is clear , XOm is shrinking …. From a titanic slowly to a barge . Not sure why the younger folks are still hanging around and not look for escape … it’s a worrying trend
HW3 - How and Where We Work is here to cut without compensation.
Toothless Tiger MOM, Union and Plant Council cannot do anything! :(…
Heard china has just implemented WH3. That is retrenchment like the one we had last year . Wondering in sept/ Oct will there be another round of cut as a result of merger between chemical and F&L?
So true:
In the fifties is never easy to find a job to match my current pay check. Don’t even think to jump ship or doing grab. Sian man, having a very bad feeling before the result is out in Aug/Sep.
Fail to plan, you plan to fail. Don’t be surprise you were thrown into the NSI or NI group! It is a joy to see how families are affected! We are EM family (NOT!) Be warned
https://www.thelayoff.com/p/@aFfrb+16zEvLP3 One of the best advice. Kudos.
@aFfrb+16zEvLP3. Take heart and don’t worry too much . Come what May. Meantime do what is within your control. Take time off to relook your financial commitment . Plan for the worst case scenario. With the pip in place u know what plot the company is playing . It basically gives company the lever to trigger layoff without compensation whenever there is a crunch. What goes up must come down. Oil price will tank if ecoy goes into recession. So brace yourself for the eventuality… EM is no longer the EM it used to be . The less u need to count on it , the better for u
In the fifties is never easy to find a job to match my current pay check. Don’t even think to jump ship or doing grab. Sian man, having a very bad feeling before the result is out in Aug/Sep.
@aFnmy+16zEvLP3 LOL! Why put up with ZERO increment for years and be labelled as a terrible performer and a problematic employee? Easy scapegoat. Need significant improvement! PS every knows who you are ;) stop procrastinating and hope that things will get better, it won’t. Move on, there are better places to go to.
@aFtto+16zEvLP3 Frankly, there is nothing wrong being labelled as NSI. Do not do anything extreme just because someone try to challenge your pride and ego.
Think rationally if you have family to take care.
If you have tons of money in bank, or you have found better job, then go ahead. Otherwise, try to view this objectively, whether we can be more flexible to adapt to the changes.
@aFbze+16zEvLP3 Why subject yourself to such humiliation? Being labelled NSI is terrible. If I were you, I’ll find another job.
If you’re in your fifties, be prepared to receive the best award from EM, not the best employee or long term award but PIP. Reasons, you’re either too old and/or expensive to the corporate. EM could easily hire a few new guys to replace you. They’re much cheaper, younger, energetic and wouldn’t say no to more work.
Previously due to some reasons, my previous SLS didn’t fight for me and I received PIP but managed to pass in the end. I’m in the fifties and planning for the worst case scenario if I got PIP again. Not sure if I’m going to make it this time round. Seeking advise to stay or to fight again?
Layoff wave is hitting shopee soon. In order to combat hyperinflation, it is expected to be tough years ahead. Many industries will be affected.
https://www.techinasia.com/shopee-set-mass-layoff-multiple-international-markets?fs=e&s=cl
p/@aBmip+16zEvLP3
What roles in HF are you working that can spend time at yakun and buying groceries ? Must be members of mgmt team -no base loads except emails and PowerPoints . Even PowerPoint decks are delegated down the line and mask the unscrupulous act as “empowerment” . Everyday Kkylp (kiao Kar yo LP)
Has attrition finally slowed down? Didn't hear of anyone quitting these two months.
A mistake for EM employees in general is being too comfortable with the company and contented with the pay. In the past, yes it is a company you can stick with until retirement.
Today, it is not the case. YOE will work against you and it is a better idea to use this opportunity to find a better place. Do not hope that it will get better for you.
Who is this freshie hire that is paid 4.8??????? HolyS!
@@aCpmk+16zEvLP3 I worked 10 hours a day and spend Sundays night replying emails. Anything for me to stay in EM
@aBmip+16zEvLP3 Don’t be greedy. Touch your heart, what is the amount of time spent on real work. Most are at toast box or Yakun. Daily groceries shopping too during work hours!
Think your school never teach you the realworking world. Wake up.....leave your boss and stop wasting your time ranting.
Read the hypothetical story below and who’s the first person that comes to your mind?
The leader with a BIG EGO
When I joined fresh out of school, I had a fantastic interview process. I was promised employee development and autonomy. It was so exciting! I worked in that position for 2.5 years after school, and I would say that within 12 months, I realized that I didn’t love the job and the manager that I worked for was not a real leader. He was a boss. He had an ego, was petty, and generally, didn’t have much of a care for the growth and development of the team and instead took every opportunity to make it clear that he was the boss.
I worked hard and cared deeply for my work, but I never felt recognized. In 2.5 years, I was never offered an authentic nor fair performance feedback. My boss never took the time to build rapport with anyone on the team. The relationship was strictly professional. He was the boss and I was the employee, not a person.
I write this and feel so compelled too, because I know that there are many others in my situation now. I’ve since moved on from the position and I’m as happy as ever in a new role that I love. I’m working with a leader who truly cares for me, both professionally and personally. In some ways, you don’t realize how frustrating or stifling a situation is when you’re in it, and you need to get out of it to see how truly bad it was.
What leaders can learn from this
Having power doesn’t open the door for you to abuse it. Please read and practice Radical Candor so you can lead a high performing team without putting your humanity on the back burner. As leaders, it’s important that we foster psychologically safety on our team. It enables open communication and continuous two-way feedback. As a result, you have a better understanding of how to best motivate your team. The easiest way to foster psychologically safety is to be vulnerable first. Lead by example and set the tone of open, honest communication with your team so they feel more comfortable doing the same with you. If you want to keep the team engaged, be genuinely interested and invest in their growth and development.. When you don’t prioritize growth and development, you’re actively disengaging your team.
Wah even civil servant also get minimum 5% increment, and yet HR dares to claim we are competitive. I don’t know what kind of benchmarking is done to arrive at those conclusion, but whoever is doing it is definitely getting high increments and solid RSUs for pulling off a con job on all Singapore employees (except for those in senior leadership position). Wtf
Anyone has idea about coming hyperinflation?
Hope we can get news once economy come on track again.
Good for KPMG
SINGAPORE - Audit, tax and advisory services firm KPMG Singapore will raise salaries for the majority of its local workforce of 3,200 people and invest $30 million in a learning programme to improve their skills and knowledge.
The starting salaries for its entry-level professional staff, in particular, will increase by up to 20 per cent, KPMG said in a media statement on Thursday (May 19).
Well, this have been on going for years not only in SSM but the whole entire organization. Recent 2-3 years it is getting worse just that the leadership team still don’t want to accept that there is flaws in our ranking system .
These SSM SLSes need to be reported and trigger an investigation. If this statement is true, most likely they have been practicing for many years. Which means these UM SLSes must be rooted at SSM for more than 5 years. I think I know who and will be reporting to controllers and HR, sayonara bye bye to their careers.
Hey SSM old bird SLS, please don’t gang up and attack other SSM new bird SLS during during ranking session. Pre alignment prior to ranking session is not very ethical, strategy to shoot other sections people down and bring your own section people up the rank. What the Fxxx! After many year still the same. What is the point of having DH and HR sitting inside during the ranking RK moderate? Day 1 already so wayang!
Don’t Let Stock Options Keep You From Leaving a Job. With competition fierce for top talent, your new employer might cover those equity-based awards. If not, there are strategies to help keep them.
The oldies should know this is a top down approach company. Nobody dares to deviate any instructions from the top. Just follow and make your boss happy (meet their kpi and do cca that can make them showy) .. that's your stairways to top rank! That's how the ranking system works if you still dono the rules of the game. Whatever you write doesn't matter if your boss doesn't fight for you. And if you stand in the pov of the local "bosses", they also need to make their bosses happy ma. That's the fact of life, it's a dog eat dog world.
@avzar+16zEvLP3
Unfortunately, they will never admit they have fallen bec they are no leader. Without admitting one is sick , one will never seek remedy or cure. They are mere mgr although in their usual self denial state ( consistent behaviour on how they manage business and pple) self proclaimed to be leader… it’s sad to see how a once great company walking down the path of obsolete and irrelevance. RIP
My humble suggestion to GT or local LT.
How to rebuild the trust, low morale, etc…of the work force;
‘Get up from where you fall!!’
Go visit EM India Careers search and you will find out which are the jobs are in the line of fire of being TMTS.
GE already abandoned forced ranking long time ago bec it created ruckus and counter productivity and amplified the already flawed and inequitable (eg some jobs are operational hence base load is high but Low weightage in ranking whilst some jobs are developmental , Low base load but advantage in ranking . Can’t believe I need to highlight this to the mgmt … obviously they are incompetent ) ranking system. Guess what Em is doing ? We are embracing it as the new order , so common sense will tell us that this company going forward can only regress rather than advancing . It’s no rocket science . As I said before , we have mgmt who hasn’t seen the world outside living in the bubble cocoon thinking they are damn smart especially the current LCM ….. she wants to change the company , naive to think that by tweaking and changing a few parts here and there in this more than an ancient old machinery will turn it into a mean fighting machine like a transformer ? Obviously you haven’t seen the world enough.
If you have the ability and capability, the door is always open.