yeah MOM should help struggling companies pay salaries so the companies won't need to retrench the workers. Then when the companies start earning a profit, they pay back MOM.
@@mikegan9382 banks don't force companies to retain employees when companies faces hardship. So if MOM wants companies to retain employees, then MOM should pay.
@@interestingtheories1101 think u confused MOM with NTUC. Union wants companies to retain, MOM will ask worker to reskill and upgrade. u can work in retail, hotel, nursing after retraining. MOM is ministry and don’t assume govt is charity organisation. Singapore already being very kind, other countries ask u to go become maids in Dubai. No work your own problem.
I'm 53 this year. Last year, my superior at IRAS told me that I have to consider quitting or moving to another department because the department do not need junior staff who only has Polytechnic diploma. It was a department I had been working at for almost 2 decades and suddenly they found me unqualified. When I asked if Singapore Polytechnic diploma is no longer a recognized qualification, my superior changed the topic and said because I'm a mother of 3 and had to take leave for the family when my children were sick (to be clear, every year I have outstanding leave that is not taken because I have been very committed to work). Imagine that a government agency looks down on Singapore Polytechnic diploma and women who have 3 children - why do polytechnics still exist? Why does the government want women to have more children? I told my children that they can consider migrating and don't look back. This country has become an elitist society where greedy, scandalous and hypocritical politicians governing a tiny country is paid many times more than those governing countries that are thousands of times bigger, and scholars running stat boards have no idea what the people out there are facing. How can Singapore sustain when it is so top heavy, and scholar executives at stat boards are only good at using tax monies without the ability to earn income from outside Singapore? Where is Singapore's future? Very sad and depressed.
I am sorry to hear your plight. Same issue too, most of my peers, friends and relatives have migrated away over the 20yrs. Citing there is NO future for them and their children! Your employment tragic plight also haunted me too many years ago, but thank god, I also make the right decision too. Glad i have left too...
@@ogapadoga2 hello. Don't think she blamed the entire country. Learn to read. Everyone can agree to disagree. There's no need to be judgmental. Calling for someone to be fired without knowing their condition is simply putting yourself on a high pedestal, and ignoring all of your own bad and mediocre qualities. We call people like you hypocrites.
Is your supervisor a foreigner or new citizen? Because those types like to bully true blue locals. Didn't the govt said that they are valuing experience and skills ahead of paper qualifications, if so your supervisor is a hypocrite for wanting you to get a degree. Don't worry as karma always pays it's dues, your supervisor will get sacked or kena health problems soon, as I've seen too many cases where the person falls severely sick after sacking others.
If there's anything I ever learnt about working in corporate, that is loyalty means nothing. Business is business. There is no personal feeling. After 3 times of redundancy due to outsourcing, I got used to it and put all the redundancy package in a good use! I actually look forward to it, if I'm being honest. I still keep in touch with everyone in the company, leaving with good notes and again, nothing personal. Nobody's fault. That's just the current economy culture. We are no longer Boomers generation so seeing people working more than 10 years in the same company is quite a surprise to us tbh.
Grace, the notice period is not a retrenchment benefit. It is a mutual obligation between the employer and employee enshrined in your employment contract. If you resign, you serve notice period for them to find a replacement. If they terminate you, they give you notice period in advance of the termination unless it is a summary dismissal with valid reasons. Waiver of notice period is possible with mutual consent, usually via salary in lieu of notice. Appalling how the notice period has been packaged and sold as a retrenchment benefit and "you get to serve the notice period"? This is gaslighting. You should have asked to leave immediately and get the notice period in cash if there is no retrenchment benefit. No point staying.
She would if she had been guided by a legal representative for employee...but the winning party is the employer who has legal and HR on the employer side. She did not have awareness in advance to counter this "abuse" nor have a proper guidance from anyone to take her side. I bet 99% of employee do not know their rights.
Clarity, yes. Comfort? Cold. It's really appalling how Singapore's labour laws lag way behind even Thailand's!! Some of the guidelines can be easily hardcoded into law, such as advanced notification. Why even that is not instituted speaks volumes of the government's penchant to protect employers and not employees. I absolutely hate it when people say upskill or reskill. At a certain age, our minds simply are not at the dexterity level to absorb and process very technical information at such a fast pace. There will be a time when returns from upskilling and reskilling diminishes. Having that top up in Skillsfuture credits is just the government's way of throwing money at the problem, not solving it. It's another way of saying "sorry, you're on your own" to local employees...sad life of a SG farmer.
Honestly, there is nothing wrong to reskill or upskill to learn something new. BUT the main problem is even after finishing lot of courses, there are no jobs at all for you even though you tried your best to search and plus those tiring long processes for interviews there and here. They are NOT solving the root cause of the problems. Is all about Bandage Solution only!
You know why SG labour law so lagging yet is the most expensive in the world?The is because G made it PRO BUSINESS, Sporeans now only realised?Don't you find yourself lagging 😆😂
The IMMORALITY of businesses 😡 A business will always have the interest of its shareholders in mind and NOT its employees. The message to all employees is that there is NO need to be loyal to the company they work for. The relationship between employee and employer is nothing more than transactional.
Layoffs is a reality that everyone should acknowledge. I used to be part of the management team of a global company and I had the difficult responsibility of overseeing staff reductions as we relocated regional operations to Malaysia as well as back to their home countries to reduce costs. It is obvious that individual who got layoff first performance worst than their peers, result them to be the first to go. Regarding reskilling or upskilling. While a short-term course in data science may provide valuable skills, employers often prioritize candidates with more extensive education, such as a four-year bachelor's degree in computer science. Many would not even get pass the resume screening stage. Skill future may benefit a few that were lucky enough, but certainly not that useful for many in job search. Let's be realistic, nobody (from a business perspective) going to hire someone who is older, less skilled and more expensive. Make sure you save and invest early. Financial freedom is the key.
Good job at Diana for raising the valid points firmly and fairly. Inviting different involved parties and getting reaffirmation round the table is certainly a good way to challenge the topic. Social media is a powerful tool to putting pressure for singapore unions’ parties to tighten the laws and to protect the employees. Sure, we can always look into upskilling, but there is no guarantee of employment for job hunting just becos you took a course that is the most popular industry. Finding the right fit in the employers’ market with so many applicants option for those who are employed snd unemployed remains a competition for those who needs a job , getting older with huge pay cut and have financial commitments. For the employers, the world is their oysters. Please continue to dig further. Thanks so much! ❤
Getting retrenched at 54, I was interviewed for another job, the pay was half my salary and it was a junior position, the boss felt I would resign if another job came along and rejected me. At 54, really, do I need to get on my knees and beg for that job. OMG, some young bosses are clueless that old folks dont many options.
MOM shd make more guidelines to protect the employees. Besides guideline on amount of severence pay, MOM shd enforce guideline on the minimum number of days that the employers inform the affected staff before the retrenchment day so as to give them time to prepare, and number of days the affected employees given time to sign retrechment documents like NDA etc.
Yes agreed. Many companies or managements are using such tactics to indirectly force employees whom are targeted to leave. Making their working life difficult.
I work in legal where we have advised companies near bankruptcy. Retrenchment occurs when the company or global economy performs badly, nothing to do with worker performance. Workers should stop gaslighting themselves by thinking it’s their fault / feel ashamed when they get retrenched. Sometimes companies can use “shame” against you so that they don’t have to pay retrenchment benefits or make you keep quiet. Of course there are genuinely kind bosses but mostly it’s just business and numbers (which the company ultimately relies on to stay afloat). Also beware of lawyers representing the companies; their job (and arguably ethical obligation) is to help the company (their client) get the best deal not the worker. This is clear from the contracts drafted where lawyers are given large discretion to draft clauses favouring the company.
It is very hard to believe the companies are unaware of their legal requirements. Many banks are doing or are thinking of retrenchment but they know if less than 5 people in any period, no need to reporr. Some of these NDAs and non compete are not enforceable but companies still try to push onto employees
SNEF president said hard-coding the amount of retrenchment benefits might have negative effect on employees a company can retain is akin to saying one should not give out too harsh punishment on parents who abuse one of the their child as the parents might not be able to take care of the rest of their children. Seriously! SNEF you can do better than that. In business, one has to factor in all the costs of doing business and performing retrenchment exercise. If business is not able to sustain after executing a retrenchment, then there is something wrong with the business and these businesses failing is just a matter of time due to the mismanagement. So what is your logic???
Foreigners are getting all the jobs. MOM doesn't do anything. Even public service is temporary fixed term contract. No more job security and contract or hire till project funds deplete. Employees have no compensation and there will be more retrenchments to come. Middle aged and senior workers are all losing their jobs or asked to step down with pay cut. The reskills or upskills are not recognized even if government is topping up the skill future. Not just age or experience are not considered but qualifications and cheap labor. Ever got hinted by boss that his foreign workers are not only cheaper but efficient as compared to Singaporean.
Just call it what it is: Corporate greed. This is exactly what happens where there are no proper works rights enshrined in law, where all MOM does is issue guidelines. Employees will continue getting fucked unless power shifts to balance the scales between employer and employee.
@@interestingtheories1101 imagine comparing a start up to companies with billion dollar balance sheets who very very sadly have no choice but to retrench oh so sad!
Reskilling is not a priority of employer...cost is. So it is pointless in the global competition which cheaper labour is available in many countries and with remote working tech is enabling this trend even more in recent days and in the future
But the government loves and prioritises foreigners more than locals. What to do? Remember our PM said that Singapore is not only for Singaporeans? Locals are second class citizens here.
*Overtime should be voluntary, and should not be mandatory. In the security industry, OT is voluntary in Theory but mandatory in Practice. People are made to work 12 hours, 5.5 days without any work life balance. People stay single because they have no social life and those who are married goes through divorce. Because of the absence of parents at home most part of the week, children grow up with lack of parental guidance. They either don't study well or just turn to petty crimes. MOM should make OT strictly voluntary in the Security Industry, if not don't WAYANG about the safeguards. I only work part time in the industry as a relief officer, but i have seen too much to keep zipped!* 🤦🤦🤦
This is actually disgusting, that’s why employees no longer, like baby boomers, to stay loyal. Those employers who used to criticize the current generation workforce lacking in will and determination when it comes to work, this is how they treat their employees, chew and spit you out. Our generation these days work longer hours than any older generations with lacking job security like what the older generations enjoyed, not to mention stagnant wages if not lower. Instead of cutting their own fat salary, they cut employees with minimum wages in larger numbers and short notice.
@@ogapadoga2 Nope, i think i’m pretty realistic, just telling the truth that most people try to avoid telling in this manipulative capitalist society. They always tell you into your face that that the company treat everyone like one big family, i guess you are the type that will buy it. 🤷🏻♂️
I can attest to this. Many of my colleagues from Singapore have been retrenched while the company is expanding in Malaysia. Not just that, they only hired fresh graduates this time around. Basically, they just have to pay RM3,000, which is equivalent to 900 SGD for the same roles.
I had a non-compete clause in my termination contract, i had to sign to get my retrenchment package. I refused to show the letter to my new employer because I refused to reveal that clause.
Besides your parents nobody is obligated to coddle u in life. if u can quit anytime, company can do the same - its a balance game. If ppl can change job every 2-3 years to get increment, companies can cut you just to get better figures. It work both ways.
Quitting for another gainful role is different from getting let go by the way. Jumping jobs benefits both sides. Employers can just hire another. When someone can switch jobs easily, market is buoyant. When someone is let go suddenly and sometimes unfairly, that's a whole different game and a loss situation for the employee not to mention if the person is old. Leaders should try their absolute best to protect every employees rice bowl, and be happy if employees find another better role. That said, unfortunately there are many faux leaders sitting in orgs.
Wow! This is a freaking eye opener! *WORKERS ARE PROTECTED LESS IS SINGAPORE THAN OTHER NEIGHBOURING COUNTRIES* We must all keep that in mind, in this country were we thought the law protected us BUT there is actually NO LAW on how to properly help the workers!…i mean you get kana some may take months or year to get a job and since NO LAW says the company is not required to help you you are alone in the deep crap they threw you at
😅😂protect the employees? Ya, wait long long....garment only protect those with biggest tax revenues to feed their own big fat cheques, n tats the businesses...to them we r only peanuts....these have been rebutted to us decades ago....we r nothing to the garment....😢
During Goh Chok Tong time, we citizens' tax r like peanuts to them😂n since our taxes r peanuts, monkeys eat peanuts rt😅? No wonder they r doing monkey business😂
@crisfirestar4857 Exactly! That’s why PLEASE VOTE WISELY for a political party that advocates protection for employees especially those whom are citizens.
host was rushing through the points and the queries seem to be structured to put the employer in poor light. Many of the questions would have both sides of the equations but it seems like the host has directed it to only show the employee side while stopping and moving on before the experts can also share from the employer perspective.
Laying off especially for companies during the year end and holidays have very little to no excuses. I was once layoff but fortunately after that over the next 20 years I never have to deal with that. However, I had witnessed my coworkers got laid off during the Covid time, and recession times. And companies made it worst by laying them off during holiday sessions especially around Christmas. On the other hand, a handful of people that they want to "keep" was given bonuses! We were supposed to keep quiet. They did it not once but two times in a roll. I quit after the second round of layoff. I called that a BS. Today, I am in charge of hiring for my department. I have this rule, unless it is absolutely necessary I will hire. My rules for layoff is the same... if it is absolutely necessary too. This is responsible hiring. Period. Company knows what they are doing and is rarely unpredictable other than Covid. Recession btw is not unpredictable. They are hogging talent so that the rest could not get them. I saw it with my own eyes that companies want to choke out competitions, so they will intentionally over hire.
Not sure why my comments got deleted by CNA. However, what I said remains true. The layoff for a relatively large MNC (30k) cooperate is questionable. On one hand, laying people off during Christmas and on the other hand, paying bonuses to those selected handful of individuals on the "to keep" list. I don't get why CNA wants to remove such comments but this is the truth. People got to know.
@kelvingoh4489 Well, the FACT of the matter is that many employers INTENTIONALLY took advantage of the MOM LOOPHOLES to their benefit and to the detrimental of the Singaporean employees!
At the beginning of the video, Grace said she was part of the retrenchment. But from 11:20 to 11:30 she literally said she chose to resign instead of retrenched. No wonder she didn't get the retrenchment benefits. I also found it weird that she's very apologetic towards her ex-company and defending the reason why her company fired her. If I were her, I would be furious instead of being apologetic. If she said she's "resigned", the company will interpret it as she's volunteering to leave the company. If she fought to be "retrenched", it will be interpreted that the company is the one who's laying her off, thus she's entitled to other benefits. Where I come from, these two things have very different meaning. Never agree to say that you're resigning when you're in the middle of a retrenchment!
this kim guan say things that are politically correct, everything also can be this and that.. machiam nv say anything.. if a company is not making money, sustainability is just another cost center.. need to invite better speakers..
Living in an idea world... Shld hv lost touch to the ground for quite awhile😅 He shld b go be businessman or go for skillsfuture. He doesn't contribute for his current role.. Just a messenger for businessmen
How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case. I’m sure to tell you I have open doors for a lot of retired people in Singapore, Just comment on my reply to show you what to do and you start with a new flowing earnings every week.
retrenchment is indeed usually the last resort. savvy companies just set unrealistic targets. so they never need to retrench. but keep hiring non-locals, never need to train or nurture locals, locals will always never feel optimistic with the economy. and like the conclusion of this video - either take a pay cut or start their own business.
Singapore labor law does not provide retrenchment benefits. Luckily my previous American MNC do gave us Retrenchment benefits according to the parent company country law. One month salary for every year service. Some long service personnel get as much as $70K plus 2 months bonus.
working in a company is as good as surviving in an ancient palace...if you are the vulnerable ones will always be at risk but if you someone substantial then it won't be easy to rock you
perhaps, every responsible operating business should consider providing compensation for every staff. This can start whenever new staff are onboarded. If need to, employer can consider buying staff compensation insurance considered?.
It is population and over hiring. Theres no last resort, they just wanted to look good on the stock market to gain shareholders confidence. Grace is like the exact persona of what you’ll typically see on LinkedIn toxic positivity posts.
Company even have higher profit than previous years also will pay the employees minimum to no bonus citing that tough years ahead. You will b naive to believe that the company is bad shape and can’t afford to pay severance when retrenchment take place. Probably forgotten to open your eyes and look how much the ceo and top management are taking home in those bad yrs.😂
It’s a scary process and hard on both employers and employees. Regardless of duration worked, business is business. Employees will need to constantly up skill and stay relevant just to protect themselves.
Number of employees --- number of key employees --- number of secondary employees --- key employees to sustain business --- reality checks I guess but again sg gov has a good mechanism in place for upskill reskill and pivot
a "guideline" stay as a guideline because it enable decision to go either way. The company in question that provides better economical gain will have decision in their favor while a smaller company that doesn't really count much will see the retrenched employee coming ahead. In a society like SG, this is how it is.
I remember one early morning, I was taking a parcel from pop station and people on the mrt were looking at me as if I was retrenched. That is the stigma.
retrenchment is part of business... just get used to it. At least you get paid what's due to you... not like many mainland chinese employers who'd withhold your pay up to a year or even worse... run off without paying you. if you need some support get some govt support like unemployment
Retrenchment is like striking lottery. Got money to take one. Best if you can ask the company for assistance on career coaching matters. For every person out there working for a company, loyalty = no value. Imagine you 10 years do same role, never upskill , never move department but up pay. You become a cost factor that has a bigger target board for senior managers to aim you only. You can bring in their biggest clients for the company and score big wins. When come to cost cutting they don't care just whack you only. So as workers what we do , we are responsible for milking them as much as possible before we have no value. Then we move on to milk another place and repeat the same thing. End of day whether company around or not we don't care , because they also won't care about our lively hoods as we are their tools for their objectives. And is true this kind of exercise you can see how rotten the company really is or how humane they are.
SNEF is a joke…… without employees there’s won’t be employers. So employer welfare should not be taken into consideration during retrenchment exercise.
SDP will fight for retrenchment benefits to be paid to workers retrenched as a result of Covid-19. Under the SDP RESTART (Re-Employment Scheme and Temporary Assistance for the ReTrenched) programme, if a worker is retrenched, the government pays 75% of his/her last drawn salary for 1st 6 months, 50% for 2nd 6 months, and 25% for the final 6 months (capped at the median wage).
@martinbrock713 Minister for National Development Desmond Lee has instructed the fake news office here to issue a correction direction to Singapore Democratic Party (SDP) secretary general Chee Soon Juan over his social media statements on public housing policies. Under the correction direction by the Protection from online Falsehoods and Manipulation Act (Pofma) office, the notices will have to state that the video posted on Feb 17 contains a false statement of fact, and provide al ink to the Govt's clarification to allow viewers to consider both versions and draw their own conclusions.
Then they fire you lo. EA says employer not obligated to give a reason so long they fulfill contractual obligations of compensation. It happened, employer didn't like someone, made life difficult, yet he hung on. He was eventually fired but given his 2 months pay. A foreigner came to take his place.
You cant really protect your job. Company's profit down, cut cost by retrenchment. The only way to protect your job is really to ask for a paycut, especially those people with high salaries
Remember local workers are not favoured as much as foreign talents. Afterall Singapore government is cheap🤣 Not practicing what they preach is a proble..
Let’s be clear, there’s no 5Cs - it died a long time ago. The PAP has not been able to deliver what it promised Singaporeans all these years and now it is practising the art of distraction.
Employees are also often greedy leaving any opportunity they get...leaving companies in a lurch suddenly. So they should deal with it. You can't selectively pick your fights to benefit yourselves. Be an employer then if you think you're better. But obviously talk is cheap 😂😂
This show proves the so called self proclaimed gov that sg is first world country and "best" in SEA yet even labour law lose to a bigger country like Thailand. So much for pro biz until forget employee and citizen rights.
Companies even the govt is always chasing for upskilling and improving productivity...with the advent of AI and humanoids, humans finally outlive their use...perhaps govt needs to start look more holistically at the impact of AI.
Yes, you are just another number. Compassion? Forget it. Its just a business contract. When you resign, do the same. Please no need to be emotional nor naive
It is just as hard for the manager delivering the message, some people dont realise. Therefore to do the job, managers simply cannot be emotional about it.
Alot of companies are moving HQ and Production houses overseas to cut cost. Singapore is just too expensive. Even local companies like DBS are choosing services overseas instead of getting the service locally. The competition is just too high. Overseas workers can do the same as a local, some are trained in the same schools as local. Locals are always going to lose out because of cost. In the captalism economy, its a race to the bottom and If Singapore does not protect its workers and change how we define employment, we will lose out.
As retrenchment and unemployment grow, and the cost of living skyrockets, the PAP is desperately trying to shift attention away from its broken promises by telling Singaporeans that life is more than just the 5Cs. It’s not just about “I, me, and mine,” Mr Wong says, “it’s more about we, us, and ours.”
![HIWWHEE | OHM [Official MV]](http://i.ytimg.com/vi/OJJLtTLqLag/mqdefault.jpg)
MOM needs to do more to protect workers with this changing environment. Hope this show raises the point.
yeah MOM should help struggling companies pay salaries so the companies won't need to retrench the workers. Then when the companies start earning a profit, they pay back MOM.
@@interestingtheories1101 that is what banks do, MOM is manpower, where does MOM get the money to loan companies.
Man of the match
@@mikegan9382 banks don't force companies to retain employees when companies faces hardship. So if MOM wants companies to retain employees, then MOM should pay.
@@interestingtheories1101 think u confused MOM with NTUC. Union wants companies to retain, MOM will ask worker to reskill and upgrade. u can work in retail, hotel, nursing after retraining. MOM is ministry and don’t assume govt is charity organisation. Singapore already being very kind, other countries ask u to go become maids in Dubai. No work your own problem.
I'm 53 this year. Last year, my superior at IRAS told me that I have to consider quitting or moving to another department because the department do not need junior staff who only has Polytechnic diploma. It was a department I had been working at for almost 2 decades and suddenly they found me unqualified.
When I asked if Singapore Polytechnic diploma is no longer a recognized qualification, my superior changed the topic and said because I'm a mother of 3 and had to take leave for the family when my children were sick (to be clear, every year I have outstanding leave that is not taken because I have been very committed to work). Imagine that a government agency looks down on Singapore Polytechnic diploma and women who have 3 children - why do polytechnics still exist? Why does the government want women to have more children?
I told my children that they can consider migrating and don't look back. This country has become an elitist society where greedy, scandalous and hypocritical politicians governing a tiny country is paid many times more than those governing countries that are thousands of times bigger, and scholars running stat boards have no idea what the people out there are facing. How can Singapore sustain when it is so top heavy, and scholar executives at stat boards are only good at using tax monies without the ability to earn income from outside Singapore? Where is Singapore's future? Very sad and depressed.
I am sorry to hear your plight. Same issue too, most of my peers, friends and relatives have migrated away over the 20yrs. Citing there is NO future for them and their children! Your employment tragic plight also haunted me too many years ago, but thank god, I also make the right decision too. Glad i have left too...
Just because your superior mistreated you and you blame it on the entire country? You deserve to be fired if anything.
Knn, even a gov agency like IRAS does this? I thought civil service diamond rice bowl?
@@ogapadoga2 hello. Don't think she blamed the entire country. Learn to read. Everyone can agree to disagree. There's no need to be judgmental. Calling for someone to be fired without knowing their condition is simply putting yourself on a high pedestal, and ignoring all of your own bad and mediocre qualities. We call people like you hypocrites.
Is your supervisor a foreigner or new citizen? Because those types like to bully true blue locals. Didn't the govt said that they are valuing experience and skills ahead of paper qualifications, if so your supervisor is a hypocrite for wanting you to get a degree. Don't worry as karma always pays it's dues, your supervisor will get sacked or kena health problems soon, as I've seen too many cases where the person falls severely sick after sacking others.
If there's anything I ever learnt about working in corporate, that is loyalty means nothing. Business is business. There is no personal feeling. After 3 times of redundancy due to outsourcing, I got used to it and put all the redundancy package in a good use! I actually look forward to it, if I'm being honest. I still keep in touch with everyone in the company, leaving with good notes and again, nothing personal. Nobody's fault. That's just the current economy culture. We are no longer Boomers generation so seeing people working more than 10 years in the same company is quite a surprise to us tbh.
yeah.. have people 20-30 years in my company getting laid off
Grace, the notice period is not a retrenchment benefit. It is a mutual obligation between the employer and employee enshrined in your employment contract. If you resign, you serve notice period for them to find a replacement. If they terminate you, they give you notice period in advance of the termination unless it is a summary dismissal with valid reasons. Waiver of notice period is possible with mutual consent, usually via salary in lieu of notice.
Appalling how the notice period has been packaged and sold as a retrenchment benefit and "you get to serve the notice period"? This is gaslighting. You should have asked to leave immediately and get the notice period in cash if there is no retrenchment benefit. No point staying.
She would if she had been guided by a legal representative for employee...but the winning party is the employer who has legal and HR on the employer side. She did not have awareness in advance to counter this "abuse" nor have a proper guidance from anyone to take her side. I bet 99% of employee do not know their rights.
True. She said she wanted to be considerate for the employer. Who is thinking about her interests?
Lawyers and HR are never on your side.
She's rather naive, and her saying that retrenchment is a blessing to her is just... sigh.
@@Nick-pc9tf maybe it is all water under the bridge for her, now that she is an entrepreneur. :)
Clarity, yes. Comfort? Cold.
It's really appalling how Singapore's labour laws lag way behind even Thailand's!! Some of the guidelines can be easily hardcoded into law, such as advanced notification. Why even that is not instituted speaks volumes of the government's penchant to protect employers and not employees.
I absolutely hate it when people say upskill or reskill. At a certain age, our minds simply are not at the dexterity level to absorb and process very technical information at such a fast pace. There will be a time when returns from upskilling and reskilling diminishes.
Having that top up in Skillsfuture credits is just the government's way of throwing money at the problem, not solving it. It's another way of saying "sorry, you're on your own" to local employees...sad life of a SG farmer.
Protect employers, protect foreigners and not local employees
Honestly, there is nothing wrong to reskill or upskill to learn something new. BUT the main problem is even after finishing lot of courses, there are no jobs at all for you even though you tried your best to search and plus those tiring long processes for interviews there and here. They are NOT solving the root cause of the problems. Is all about Bandage Solution only!
@@owenang I agree. Furthermore, if you don't apply what you've learnt, then you'll just forget everything in little time.
@@whatnameshouldichoose854 It's even worse post Covid.
You know why SG labour law so lagging yet is the most expensive in the world?The is because G made it PRO BUSINESS, Sporeans now only realised?Don't you find yourself lagging 😆😂
Many thanks to the Talking Point team for always highlighting such concerning issues to us.
The IMMORALITY of businesses 😡
A business will always have the interest of its shareholders in mind and NOT its employees.
The message to all employees is that there is NO need to be loyal to the company they work for. The relationship between employee and employer is nothing more than transactional.
💯
Layoffs is a reality that everyone should acknowledge. I used to be part of the management team of a global company and I had the difficult responsibility of overseeing staff reductions as we relocated regional operations to Malaysia as well as back to their home countries to reduce costs. It is obvious that individual who got layoff first performance worst than their peers, result them to be the first to go.
Regarding reskilling or upskilling. While a short-term course in data science may provide valuable skills, employers often prioritize candidates with more extensive education, such as a four-year bachelor's degree in computer science. Many would not even get pass the resume screening stage. Skill future may benefit a few that were lucky enough, but certainly not that useful for many in job search.
Let's be realistic, nobody (from a business perspective) going to hire someone who is older, less skilled and more expensive.
Make sure you save and invest early. Financial freedom is the key.
Good job at Diana for raising the valid points firmly and fairly. Inviting different involved parties and getting reaffirmation round the table is certainly a good way to challenge the topic. Social media is a powerful tool to putting pressure for singapore unions’ parties to tighten the laws and to protect the employees. Sure, we can always look into upskilling, but there is no guarantee of employment for job hunting just becos you took a course that is the most popular industry. Finding the right fit in the employers’ market with so many applicants option for those who are employed snd unemployed remains a competition for those who needs a job , getting older with huge pay cut and have financial commitments. For the employers, the world is their oysters. Please continue to dig further. Thanks so much! ❤
Getting retrenched at 54, I was interviewed for another job, the pay was half my salary and it was a junior position, the boss felt I would resign if another job came along and rejected me. At 54, really, do I need to get on my knees and beg for that job. OMG, some young bosses are clueless that old folks dont many options.
MOM shd make more guidelines to protect the employees. Besides guideline on amount of severence pay, MOM shd enforce guideline on the minimum number of days that the employers inform the affected staff before the retrenchment day so as to give them time to prepare, and number of days the affected employees given time to sign retrechment documents like NDA etc.
One key point not brought up here is how companies uses 'Performance Improvement Plan' to get workers to resign - thus, seen as natural attrition.
Yes agreed. Many companies or managements are using such tactics to indirectly force employees whom are targeted to leave. Making their working life difficult.
Yeah this shld be surfaced. Toxic managers are using this to shatter people's rice bowls without severance packages. Absolutely despicable
I work in legal where we have advised companies near bankruptcy. Retrenchment occurs when the company or global economy performs badly, nothing to do with worker performance. Workers should stop gaslighting themselves by thinking it’s their fault / feel ashamed when they get retrenched. Sometimes companies can use “shame” against you so that they don’t have to pay retrenchment benefits or make you keep quiet. Of course there are genuinely kind bosses but mostly it’s just business and numbers (which the company ultimately relies on to stay afloat). Also beware of lawyers representing the companies; their job (and arguably ethical obligation) is to help the company (their client) get the best deal not the worker. This is clear from the contracts drafted where lawyers are given large discretion to draft clauses favouring the company.
It is very hard to believe the companies are unaware of their legal requirements. Many banks are doing or are thinking of retrenchment but they know if less than 5 people in any period, no need to reporr. Some of these NDAs and non compete are not enforceable but companies still try to push onto employees
Touch wood. In a few years time, Grace will be the one retrenching staff.
Looks like tripartite guidelines are not well known, not well adopted, not enforceable … what’s the point?
SNEF president said hard-coding the amount of retrenchment benefits might have negative effect on employees a company can retain is akin to saying one should not give out too harsh punishment on parents who abuse one of the their child as the parents might not be able to take care of the rest of their children. Seriously! SNEF you can do better than that. In business, one has to factor in all the costs of doing business and performing retrenchment exercise. If business is not able to sustain after executing a retrenchment, then there is something wrong with the business and these businesses failing is just a matter of time due to the mismanagement. So what is your logic???
Foreigners are getting all the jobs. MOM doesn't do anything. Even public service is temporary fixed term contract. No more job security and contract or hire till project funds deplete. Employees have no compensation and there will be more retrenchments to come. Middle aged and senior workers are all losing their jobs or asked to step down with pay cut. The reskills or upskills are not recognized even if government is topping up the skill future. Not just age or experience are not considered but qualifications and cheap labor. Ever got hinted by boss that his foreign workers are not only cheaper but efficient as compared to Singaporean.
Personally I
Will ask for
Retrenchment benefits - it does not pay to have loyalty for an ex-employing firm
Just call it what it is: Corporate greed. This is exactly what happens where there are no proper works rights enshrined in law, where all MOM does is issue guidelines. Employees will continue getting fucked unless power shifts to balance the scales between employer and employee.
Some are about personal agenda and personal grudges
Tell you what, change the world! Start a company and hire those retrenched since you have no corporate greed, your company will succeed!
@@interestingtheories1101 imagine comparing a start up to companies with billion dollar balance sheets who very very sadly have no choice but to retrench oh so sad!
@@Marcus-qw9sx lol SG got companies with billion dollar (large cap companies) balance sheets that perform retrenchments?! Got proof?
@@interestingtheories1101 banks not obvious enough? I'll stop replying since you're financially illiterate jesus.
Reskilling is not a priority of employer...cost is. So it is pointless in the global competition which cheaper labour is available in many countries and with remote working tech is enabling this trend even more in recent days and in the future
35:36 is not about retaining workers but what us locals want is employers to prioritize hiring more locals than FTs..
But the government loves and prioritises foreigners more than locals. What to do? Remember our PM said that Singapore is not only for Singaporeans? Locals are second class citizens here.
Now you know why voting for the right people is very important.
If you have been working or you have not started working you need to save money 💰 to support expenses if you get retrenched and look for a new job
*Overtime should be voluntary, and should not be mandatory. In the security industry, OT is voluntary in Theory but mandatory in Practice. People are made to work 12 hours, 5.5 days without any work life balance. People stay single because they have no social life and those who are married goes through divorce. Because of the absence of parents at home most part of the week, children grow up with lack of parental guidance. They either don't study well or just turn to petty crimes. MOM should make OT strictly voluntary in the Security Industry, if not don't WAYANG about the safeguards. I only work part time in the industry as a relief officer, but i have seen too much to keep zipped!*
🤦🤦🤦
Can complain to MOM if employees are coerced to do OT.
This is actually disgusting, that’s why employees no longer, like baby boomers, to stay loyal. Those employers who used to criticize the current generation workforce lacking in will and determination when it comes to work, this is how they treat their employees, chew and spit you out. Our generation these days work longer hours than any older generations with lacking job security like what the older generations enjoyed, not to mention stagnant wages if not lower. Instead of cutting their own fat salary, they cut employees with minimum wages in larger numbers and short notice.
You have a wrong view of the world.
@@ogapadoga2 Nope, i think i’m pretty realistic, just telling the truth that most people try to avoid telling in this manipulative capitalist society. They always tell you into your face that that the company treat everyone like one big family, i guess you are the type that will buy it. 🤷🏻♂️
You have been hurt by many people. But there are still good people around.@@Touyoujin
I can attest to this. Many of my colleagues from Singapore have been retrenched while the company is expanding in Malaysia. Not just that, they only hired fresh graduates this time around. Basically, they just have to pay RM3,000, which is equivalent to 900 SGD for the same roles.
I had a non-compete clause in my termination contract, i had to sign to get my retrenchment package. I refused to show the letter to my new employer because I refused to reveal that clause.
Therefore is important to set aside money every month for saving in case of retrenchment.
This is a good talking point eye opener
Besides your parents nobody is obligated to coddle u in life. if u can quit anytime, company can do the same - its a balance game. If ppl can change job every 2-3 years to get increment, companies can cut you just to get better figures. It work both ways.
Quitting for another gainful role is different from getting let go by the way. Jumping jobs benefits both sides. Employers can just hire another. When someone can switch jobs easily, market is buoyant.
When someone is let go suddenly and sometimes unfairly, that's a whole different game and a loss situation for the employee not to mention if the person is old.
Leaders should try their absolute best to protect every employees rice bowl, and be happy if employees find another better role. That said, unfortunately there are many faux leaders sitting in orgs.
Wow! This is a freaking eye opener! *WORKERS ARE PROTECTED LESS IS SINGAPORE THAN OTHER NEIGHBOURING COUNTRIES* We must all keep that in mind, in this country were we thought the law protected us BUT there is actually NO LAW on how to properly help the workers!…i mean you get kana some may take months or year to get a job and since NO LAW says the company is not required to help you you are alone in the deep crap they threw you at
😅😂protect the employees? Ya, wait long long....garment only protect those with biggest tax revenues to feed their own big fat cheques, n tats the businesses...to them we r only peanuts....these have been rebutted to us decades ago....we r nothing to the garment....😢
During Goh Chok Tong time, we citizens' tax r like peanuts to them😂n since our taxes r peanuts, monkeys eat peanuts rt😅? No wonder they r doing monkey business😂
@crisfirestar4857
Exactly! That’s why PLEASE VOTE WISELY for a political party that advocates protection for employees especially those whom are citizens.
host was rushing through the points and the queries seem to be structured to put the employer in poor light. Many of the questions would have both sides of the equations but it seems like the host has directed it to only show the employee side while stopping and moving on before the experts can also share from the employer perspective.
Laying off especially for companies during the year end and holidays have very little to no excuses. I was once layoff but fortunately after that over the next 20 years I never have to deal with that. However, I had witnessed my coworkers got laid off during the Covid time, and recession times. And companies made it worst by laying them off during holiday sessions especially around Christmas. On the other hand, a handful of people that they want to "keep" was given bonuses! We were supposed to keep quiet. They did it not once but two times in a roll. I quit after the second round of layoff. I called that a BS.
Today, I am in charge of hiring for my department. I have this rule, unless it is absolutely necessary I will hire. My rules for layoff is the same... if it is absolutely necessary too. This is responsible hiring. Period. Company knows what they are doing and is rarely unpredictable other than Covid. Recession btw is not unpredictable. They are hogging talent so that the rest could not get them. I saw it with my own eyes that companies want to choke out competitions, so they will intentionally over hire.
Not sure why my comments got deleted by CNA. However, what I said remains true. The layoff for a relatively large MNC (30k) cooperate is questionable. On one hand, laying people off during Christmas and on the other hand, paying bonuses to those selected handful of individuals on the "to keep" list. I don't get why CNA wants to remove such comments but this is the truth. People got to know.
Then it's not a fact we don't have retrenchment compensation written into law?
@@guankongwong5503Becoz UGLY truth hurt them. Ppl don't like to see 'stains' on their beautiful cloths.
@kelvingoh4489
Well, the FACT of the matter is that many employers INTENTIONALLY took advantage of the MOM LOOPHOLES to their benefit and to the detrimental of the Singaporean employees!
We must perceive that we should sacrifice for corporations even if the boss may never know you ever existed. 👍👌👏🤭
At the beginning of the video, Grace said she was part of the retrenchment. But from 11:20 to 11:30 she literally said she chose to resign instead of retrenched. No wonder she didn't get the retrenchment benefits. I also found it weird that she's very apologetic towards her ex-company and defending the reason why her company fired her. If I were her, I would be furious instead of being apologetic.
If she said she's "resigned", the company will interpret it as she's volunteering to leave the company. If she fought to be "retrenched", it will be interpreted that the company is the one who's laying her off, thus she's entitled to other benefits. Where I come from, these two things have very different meaning. Never agree to say that you're resigning when you're in the middle of a retrenchment!
this kim guan say things that are politically correct, everything also can be this and that.. machiam nv say anything.. if a company is not making money, sustainability is just another cost center.. need to invite better speakers..
Living in an idea world... Shld hv lost touch to the ground for quite awhile😅
He shld b go be businessman or go for skillsfuture. He doesn't contribute for his current role.. Just a messenger for businessmen
It's all about business .. more or protect profit ... money ....
How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.
I’m sure to tell you I have open doors for a lot of retired people in Singapore,
Just comment on my reply to show you what to do and you start with a new flowing earnings every week.
retrenchment is indeed usually the last resort.
savvy companies just set unrealistic targets. so they never need to retrench. but keep hiring non-locals, never need to train or nurture locals, locals will always never feel optimistic with the economy. and like the conclusion of this video - either take a pay cut or start their own business.
I'd love to see how the lawyer respond to being retrenched lol
What can he do actually? Boss following the labor law.
i dont think he gave a clear explanation on why tech companies lay off more these days
My company have no retrenchment benefit but only 1 month salary in lieu for termination.
Singapore labor law does not provide retrenchment benefits. Luckily my previous American MNC do gave us Retrenchment benefits according to the parent company country law. One month salary for every year service. Some long service personnel get as much as $70K plus 2 months bonus.
working in a company is as good as surviving in an ancient palace...if you are the vulnerable ones will always be at risk but if you someone substantial then it won't be easy to rock you
perhaps, every responsible operating business should consider providing compensation for every staff. This can start whenever new staff are onboarded. If need to, employer can consider buying staff compensation insurance considered?.
It is population and over hiring. Theres no last resort, they just wanted to look good on the stock market to gain shareholders confidence.
Grace is like the exact persona of what you’ll typically see on LinkedIn toxic positivity posts.
Thats why i say what is ntuc doing?
Collect monthly fees and you give point to redeem for gift at end of year....LOL. Don't expect too much.
the benefit is the notice....it paints the entire picture so clearly what happens for many years...
Company even have higher profit than previous years also will pay the employees minimum to no bonus citing that tough years ahead. You will b naive to believe that the company is bad shape and can’t afford to pay severance when retrenchment take place. Probably forgotten to open your eyes and look how much the ceo and top management are taking home in those bad yrs.😂
@coolocean11
Yes absolutely agree with your views! 👍🏻
in a nutshell, our government agency, MoM is not protecting the workers.
G is PRO BUSINESS because you have elitist scholars running stat boards; very PRO BUSINESS.
I can identified there are Google and Lazada ex-employee based on the information given.
It’s a scary process and hard on both employers and employees. Regardless of duration worked, business is business. Employees will need to constantly up skill and stay relevant just to protect themselves.
so how pap upskill and reskill ? double PHD ?
Number of employees --- number of key employees --- number of secondary employees --- key employees to sustain business --- reality checks I guess but again sg gov has a good mechanism in place for upskill reskill and pivot
She is a pino? Or MalaysiaN PR?
a "guideline" stay as a guideline because it enable decision to go either way. The company in question that provides better economical gain will have decision in their favor while a smaller company that doesn't really count much will see the retrenched employee coming ahead. In a society like SG, this is how it is.
I remember one early morning, I was taking a parcel from pop station and people on the mrt were looking at me as if I was retrenched. That is the stigma.
retrenchment is part of business... just get used to it. At least you get paid what's due to you... not like many mainland chinese employers who'd withhold your pay up to a year or even worse... run off without paying you. if you need some support get some govt support like unemployment
Good show
Jeremy guy ==> Never say never, keeping a back door open. 😂😂😂😂
in the end of the day profit for investors matters... what irony.
Wait so if companies bleeding money and don't lay off the employees, who's gonna pay the employees their salaries? government?
If you think about it, the laws are as it is because it would be more attractive for large corps to open an office here.
If got retrenched, hopefully got compensation. Otherwise need to survive on CDC vouchers.
I like how I perceive the policies are never at fault or flawless. I perceive only lah.
Retrenchment is good for Singapore. If there is no retrenchments, then I worry.
Outsource to lower cost trend is back in vengeance!!
Thus the need to strengthen labour laws for citizens in employment!
Since when most Singaporeans have compassion and empathy? Country for the rich!
Retrenchment is like striking lottery. Got money to take one.
Best if you can ask the company for assistance on career coaching matters.
For every person out there working for a company, loyalty = no value.
Imagine you 10 years do same role, never upskill , never move department but up pay.
You become a cost factor that has a bigger target board for senior managers to aim you only.
You can bring in their biggest clients for the company and score big wins.
When come to cost cutting they don't care just whack you only.
So as workers what we do , we are responsible for milking them as much as possible before we have no value.
Then we move on to milk another place and repeat the same thing.
End of day whether company around or not we don't care , because they also won't care about our lively hoods as we are their tools for their objectives.
And is true this kind of exercise you can see how rotten the company really is or how humane they are.
Lets start with cna.
When the boss wants the employee out, what can he or she do? Report to Mom is useless, employer can cook up stories
So heres the question to everyone, why would you want to continue to work for people when there is an option for you to be self reliant?
SNEF is a joke…… without employees there’s won’t be employers. So employer welfare should not be taken into consideration during retrenchment exercise.
Our neighbors are our greatest threat
Irresponsible recruitment by tech company to hype their prospects in the market.
Maybe bring in older workers with 10+ years in the business who got slaughtered by employers. You'll see it's not always $ and cents.
SDP will fight for retrenchment benefits to be paid to workers retrenched as a result of Covid-19. Under the SDP RESTART (Re-Employment Scheme and Temporary Assistance for the ReTrenched) programme, if a worker is retrenched, the government pays 75% of his/her last drawn salary for 1st 6 months, 50% for 2nd 6 months, and 25% for the final 6 months (capped at the median wage).
@martinbrock713 Minister for National Development Desmond Lee has instructed the fake news office here to issue a correction direction to Singapore Democratic Party (SDP) secretary general Chee Soon Juan over his social media statements on public housing policies. Under the correction direction by the Protection from online Falsehoods and Manipulation Act (Pofma) office, the notices will have to state that the video posted on Feb 17 contains a false statement of fact, and provide al ink to the Govt's clarification to allow viewers to consider both versions and draw their own conclusions.
SDP is not even a member of the parliament to fight for any issues. The current govt is PAP.
Employer cannot force employee to resign
Well they can. Many are using the so called PIP program to pressure the targeted employee.
Then they fire you lo. EA says employer not obligated to give a reason so long they fulfill contractual obligations of compensation. It happened, employer didn't like someone, made life difficult, yet he hung on. He was eventually fired but given his 2 months pay. A foreigner came to take his place.
Sight! Rather Hire foreigner with fake certificate than real singapore poly diploma graduate, why?
Nowadays alot of roles in MNC can just be outsource to country tht r more cheaper
You cant really protect your job. Company's profit down, cut cost by retrenchment. The only way to protect your job is really to ask for a paycut, especially those people with high salaries
If the company decided to retain 20% of its employees, you not the one, you certainly not a high performer (include people skill).
I have friend who do not even get the their last month salary due to the company absurdly low on their cashflow.
Employee to be the boss forget about reskilling as AI is the next competitor
It is largely demand driven. Less revenue trim jobs as simple as that
Nope, it’s corporate greed.
Remember local workers are not favoured as much as foreign talents.
Afterall Singapore government is cheap🤣
Not practicing what they preach is a proble..
This is how Singapore makes itself “competitive” . otherwise why would so many want to come here to set up companies and businesses
@DonYang73
“Competitive” is simply a nice way of putting it. It’s basically SLAVE LABOUR… Cause only Slaves has NO RIGHTS AND PROTECTION.
😂the tripartite rep so pro business
Start investing. YOU CAN'T WORK HARDER AND THINK IT WILL PROTECT YOU! ITS A BULL PROPAGANDA!
Let’s be clear, there’s no 5Cs - it died a long time ago. The PAP has not been able to deliver what it promised Singaporeans all these years and now it is practising the art of distraction.
if enough job opportunities then no need to worry
Tldr
Shareholder value > employees
Singapore labour laws is outdated. Giving foreign companies as well as local companies to skim through the loopholes.
Employees are also often greedy leaving any opportunity they get...leaving companies in a lurch suddenly. So they should deal with it. You can't selectively pick your fights to benefit yourselves. Be an employer then if you think you're better. But obviously talk is cheap 😂😂
Loyalty is dead these days
Layoff is not a big issue, as long as you have something inside. Get out of ur comfort zone, man.
This show proves the so called self proclaimed gov that sg is first world country and "best" in SEA yet even labour law lose to a bigger country like Thailand. So much for pro biz until forget employee and citizen rights.
Companies even the govt is always chasing for upskilling and improving productivity...with the advent of AI and humanoids, humans finally outlive their use...perhaps govt needs to start look more holistically at the impact of AI.
Yes, you are just another number. Compassion? Forget it. Its just a business contract. When you resign, do the same. Please no need to be emotional nor naive
We should blame ourselves and no one else and no policies. Sg is perfect
SG's labour laws are a joke.
If we get used to retrenchment maybe its not so bad😅
It is just as hard for the manager delivering the message, some people dont realise. Therefore to do the job, managers simply cannot be emotional about it.
Alot of companies are moving HQ and Production houses overseas to cut cost. Singapore is just too expensive. Even local companies like DBS are choosing services overseas instead of getting the service locally.
The competition is just too high. Overseas workers can do the same as a local, some are trained in the same schools as local. Locals are always going to lose out because of cost.
In the captalism economy, its a race to the bottom and If Singapore does not protect its workers and change how we define employment, we will lose out.
As retrenchment and unemployment grow, and the cost of living skyrockets, the PAP is desperately trying to shift attention away from its broken promises by telling Singaporeans that life is more than just the 5Cs. It’s not just about “I, me, and mine,” Mr Wong says, “it’s more about we, us, and ours.”
Most people already have or can afford to have 5Cs so it is stale and irrelevant. Besides, most people are not materialistic as well.