COVID-19: Retrenchments

[Throttle2]

2 minutes ago, 13177 said:

No wonder new generation confirmed move every 4-6 years, never stay longer than 6 years. Unlike last time most people once found a not bad company, they would tend to stay there until their retirement. Even the person jumped ship to the company at the age of 32, the person can work 30 years until 62 retirement age.

I stayed to fight during the earlier years.  Making millions for the firm and carrying it through the GFC.  The staff strength multiplied 10x .  No regrets cause it made me what i am but we learn from experience.  

[Jamesc]

You can see where this Vietnam airlines cut

its cost according to its cloth.

Not only save on uniforms

they also save on jet fuel

I think this is a lesson we can all learn from.

[Throttle2]

4 minutes ago, Throttle2 said:

I stayed to fight during the earlier years.  Making millions for the firm and carrying it through the GFC.  The staff strength multiplied 10x .  No regrets cause it made me what i am but we learn from experience.  

Of course it wasnt one man show.

the team was solid and united 

[Hoseyboh]

1 hour ago, Staff69 said:

 

Some bros here might be feeling stress and fearful.

 

This's a journey that you have to walk alone and the only way to get thru is to be positive and keep the faith. trust me, you come out of the experience a better person. Just take chee soon Juan as an example 

 

I walked the journey alone multiple times, years ago. It's tough, not going to lie about it. Two things I learned from the journey ,

keep positive and don't vent your frustration on your love ones.

 

 

 

 

 

I only know every night you walk to Zuok...🤗

[Sdf4786k]

15 minutes ago, Enye said:

wah boss....i stayed 15 years already now then you say?

can turn back the clock boh?

😬

have to check if there is a cap on the number of years of service.

Back in the old days, no one move because if the company make money, there is profit sharing and stock options.

Heck even SCB gave stock options to junior managers.

But now with the changes in the work space, they now insist on a cap. I understand one of the American MNC that use to produce Scope and started in a garage has recently retrench and cap at 10 years of service.

15 years of service seems to indicate you hung it out thru thick and thin.

[Staff69]

13 minutes ago, Hoseyboh said:

I only know every night you walk to Zuok...🤗

errr...not anymore. 

 

karma is very real 😵😵😵

Edited July 15, 2020 by Staff69

[Enye]

26 minutes ago, Sdf4786k said:

have to check if there is a cap on the number of years of service.

Back in the old days, no one move because if the company make money, there is profit sharing and stock options.

Heck even SCB gave stock options to junior managers.

But now with the changes in the work space, they now insist on a cap. I understand one of the American MNC that use to produce Scope and started in a garage has recently retrench and cap at 10 years of service.

15 years of service seems to indicate you hung it out thru thick and thin.

usual is 24 years cap but low level worker like me no stock options one

15 years considered low already....i have some colleagues in Asia 30+ years.

recently got see news 1 guy located in amdk country retired on 50 years of service

😅

[ToyotaShuttle]

58 minutes ago, Enye said:

wah boss....i stayed 15 years already now then you say?

can turn back the clock boh?

😬

Don't worry about it. If the company has been treating you well for the past 15 years, do you really have a reason to leave?

If the company only gives small increments to loyal staff and then hire outsiders at 30% higher than you, then it might really be time to leave. 

[RadX]

59 minutes ago, Enye said:

wah boss....i stayed 15 years already now then you say?

can turn back the clock boh?

😬

Go reincarnate as a cockroach and you can visit many places in your life

[RadX]

1 hour ago, 13177 said:

No wonder new generation confirmed move every 4-6 years, never stay longer than 6 years. Unlike last time most people once found a not bad company, they would tend to stay there until their retirement. Even the person jumped ship to the company at the age of 32, the person can work 30 years until 62 retirement age.

Yes

 

i moved a bit too, 5 but 3 -5 yrs each and taking a track record

 

now in this co for 14 yrs until retirement 

[RadX]

2 minutes ago, ToyotaShuttle said:

Don't worry about it. If the company has been treating you well for the past 15 years, do you really have a reason to leave?

If the company only gives small increments to loyal staff and then hire outsiders at 30% higher than you, then it might really be time to leave. 

Well said and abt the only post you make sense hahah 

“You join cos of a company, leave cos of the boss”

[serenade]

I entered workforce in the 1980s. The expectation then was must stay at least 3 years. Otherwise labeled as job hopper and no company loyalty. Future employers will not want to hire. Similarly, retrenchment was a dirty word which only the USA owned companies practised. Japanese company die die try and keep staff employed.

Fast forward to Y2000, there was and there is no expectation of loyalty either way. Each employee fends for himself. Got a much better paying job after 6 months, just go. The best advice my ex boss from Australia gave me back in 1990 was "there is no such thing as job security. The only security is in yourself to remain employable for life." He was right.

In my job history I have been retrenched once, had contract terminated once, been asked to leave once. None was due to poor performance. I left on good terms with the bridge behind me intact.

Turned out that none of these setbacks were detrimental to my life. They actually made me more resilient. From then on I always had an exit plan and financial contingency plan in place.

   

[13177]

21 minutes ago, ToyotaShuttle said:

Don't worry about it. If the company has been treating you well for the past 15 years, do you really have a reason to leave?

If the company only gives small increments to loyal staff and then hire outsiders at 30% higher than you, then it might really be time to leave. 

Boss will tell you cannot compare. Cause different era and generation. Example, If they hire you back then starting pay is $3k and fast forward to many years later they hire a new guy 10 years younger than you at $3.8k, you also cannot red eye or say unfair. Lol.

[RadX]

1 minute ago, 13177 said:

Boss will tell you cannot compare. Cause different era and generation. Example, If they hire you back then starting pay is $3k and fast forward to many years later they hire a new guy 10 years younger than you at $3.8k, you also cannot red eye or say unfair. Lol.

That’s the other thing liao, humans compare 

 

contentment is a virtue. Sometimes going up ladder comes with more excrement and best to stay at a functional and comfy level and last longer

 

and again another cliche I live by “you are promoted to your highest level of INCOMPETENCE “

[Enye]

5 minutes ago, 13177 said:

Boss will tell you cannot compare. Cause different era and generation. Example, If they hire you back then starting pay is $3k and fast forward to many years later they hire a new guy 10 years younger than you at $3.8k, you also cannot red eye or say unfair. Lol.

will your boss tell you the same if he hired someone to report to you but higher pay than you?

😅🤣

[13177]

5 minutes ago, Enye said:

will your boss tell you the same if he hired someone to report to you but higher pay than you?

😅🤣

I might know the person salary he/she report to me. But even i know his/her salary is higher than me, i also LL.

I have seen before a manager pay is lower than a senior position pay. Maybe due to that manager starting pay is low, so pay also cannot catch up with others who joined later.

[Wt_know]

5 minutes ago, 13177 said:

I might know the person salary he/she report to me. But even i know his/her salary is higher than me, i also LL.

I have seen before a manager pay is lower than a senior position pay. Maybe due to that manager starting pay is low, so pay also cannot catch up with others who joined later.

hmm ... how come?

there is a paygrade structure in any organisation

how can a supervisor salary higher than a manager?

how can a manager (older) salary higher than a senior manager (younger)?

the older guy can be 40 but the younger guy 35 could be smarter and has higher potential ... new hired

 

Edited July 15, 2020 by Wt_know

[RadX]

5 minutes ago, Wt_know said:

hmm ... how come?

there is a paygrade structure in any organisation

how can a supervisor salary higher than a manager?

how can a manager (older) salary higher than a senior manager (younger)?

the older guy can be 40 but the younger guy 35 could be smarter and has higher potential ... new hired

 

Possible

 

due to seniority and age, etc

 

unless they normalize the wage bands

 

younger guy will catch up at some point due to higher CEP