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Highly trained, middle-aged and out of work

Reddog

Alfrescian
Loyal
People like Desmond Tan were pap supporters. Such people deserve the sh*t they are enjoying under the pap now.
 

Leongsam

High Order Twit / Low SES subject
Admin
Asset
.

Yoy are Marvellous!
Ditto #17.
.

I'm actually quite serious. The problem with many highly skilled sinkies is they aren't good at marketing themselves.

With all his years of experience in banking, he should set up a fancy website, start conducting seminars and creating a perception in the market that he knows what he's talking about even if he doesn't have a clue.

That's what the Ang Mohs do. I see no reason why we can't learn from the best! :p

In life, perception is reality. I learned that from my Ang Moh boss at an early age.
 

KNNBHCB

Alfrescian (Inf)
Asset
Unlikely that he would be able to save much. He probably have a condominium over million of debts to serve, driving a BMW on monthly installment, kids attending branded school such as Eton House, holiday overseas every year, and partying at HFJ once a month.

If only they know ...
 

GoldenDragon

Alfrescian (Inf)
Asset
That's what the Ang Mohs do. I see no reason why we can't learn from the best! :p

In life, perception is reality. I learned that from my Ang Moh boss at an early age.

What else did you learn from your ang moh boss at an early age? Riding your infamous seatless bicycle?
 

Scrooball (clone)

Alfrescian
Loyal
Earn $3k in commission? Most probably doing some low rate rental deals.

This fucker didn't save a dime from his $25,000 salary to start a business? Did he also vote for Opposition?
 

NanoSpeed

Alfrescian
Loyal
What else did you learn from your ang moh boss at an early age? Riding your infamous seatless bicycle?

You believe Sam ? His boss was an Indian lah. Indians are very good at marketing themselves despite odds that are stacked against them - color, odor, etc.

Singapore is a testament to the marketing geniuses of Indians, where fake degrees can be marketed to a value good enough to snatch away jobs which should rightfully have belonged to local citizens who graduated from NUS and NTU.
 

syed putra

Alfrescian
Loyal
maybe he should try hong kong?
I don't understand why somebody with vast experience are neglected. it seems the whole idea of employing is to cut costs and not to come up with some creative ideas to make even more money.
 

makapaaa

Alfrescian (Inf)
Asset
Highly trained, middle-aged and out of work. Another SG50 Achievement?

http://business.asiaone.com/career/news/highly-trained-middle-aged-and-out-work#sthash.76GKwEfs.dpuf

[h=2]Highly trained, middle-aged and out of work[/h]


Joanna SeowTee ZhuoThe Straits TimesMonday, Jul 20, 2015
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[/h]ST









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[h=2]Print[/h]




Dressed in an unassuming polo T-shirt and jeans, it is hard to tell that Mr Desmond Tan was once the head of Asia sales at one of the largest European banks.

Forced to quit shortly after the 2008 financial crisis, he was later turned away from jobs by bank after bank, some even saying he was "over-qualified" for the positions they were offering, given his over two decades of experience.

The 55-year-old, who used to earn more than $25,000 a month, now has to settle for commissions of about $3,000 from his current job as a property agent.

"I used to deal with money that numbered in the millions," Mr Tan said. But now his fees come only in the hundreds.

Mr Tan is not alone in joining the group of highly qualified professionals who have spent years climbing their way up to the top, only to be retrenched.

And when they try to search for a new or similar job, they realise that the fall from the top was a hard one.

Many such job seekers say that the search for a new job takes longer, and sometimes results in them taking up a role outside of their area of expertise and far below their previous pay.
Highly trained, middle-aged and out of work



Fifty-seven per cent of Singaporeans and permanent residents who lose their jobs are able to find a job within six months, according to the Manpower Ministry. For professionals, managers, executives and technicians (PMETs), however, the proportion was below average at 49 per cent for the same time period.




Workers aged 40 and above also fared worse than younger groups, with a re-entry rate of 53 per cent.

Here, however, it is unclear if those who managed to find jobs actually reached a level similar to that which they used to hold.

The Central Provident Fund Board, which provides data for re-employment rates, said it does not track the difference in wages for the new jobs.

But it seems hard for out-of-work PMETs who held senior management positions to find new jobs that are commensurate with their skill levels and pay expectations.

"A rough 40 per cent are fortunate enough to get back into a job that is similar in grade and salary, 60 per cent have to reinvent themselves or do something totally different," noted Mr Paul Heng, managing director of NeXT Career Consulting Group.

Human resource experts and economists said factors such as economic restructuring and rising competition could explain why it is so difficult for older PMETs to regain their positions at the top of the company food chain.

"Some jobs aren't available in Singapore any longer because regional positions may have moved out or are replaced by enlarged roles of other people," said Singapore Human Resources Institute president Erman Tan.

This hits long-serving PMETs hard because many of these workers have had to pick up employer-specific administrative and managerial skills. These are not easily transferrable to other companies or industries, said Nanyang Technological University assistant professor Walter Theseira.

Experts also note that there is generally a rigid pyramid-like structure in many industries. With a rising number of better-qualified people in the workforce, there is more competition for limited senior positions at the top of the pyramid of jobs.

"You're facing competition not only from people who are already in that position, but also from people who are striving to reach that position," said Quantum Leap Career Consultancy managing director Alvin Ang.
And once someone at the top leaves a post, whether voluntarily or not, it will be hard for that person to find another similar position.

Some older PMETs continue to try to search and wait for the right opportunity. Sometimes, these openings turn up and the worker can resume his former career path.

Often, the only route available for such workers is to switch careers by picking up new skills in an industry with prospects.

Observers said older PMETs can help themselves by continuing to network and update their skills.

"(They must) build value for themselves so that they add value wherever they go and can then command the salaries they want," said labour MP Patrick Tay, who heads the National Trades Union Congress' PME Unit.
Those in urgent need of a job may have to lower their expectations.

Nee Soon GRC MP Lee Bee Wah said that she helps match employers with job seekers among her residents, and "normally those who are flexible in the distance from workplace, salary and working hours get jobs easily".
The Government is moving on several fronts to tackle this.

One is SkillsFuture, a national initiative which aims to equip workers with skills that future industries require. This will make it easier for workers to make the switch easily to new growth industries.

But this is a move that will take time to root.

The other, more immediate, solution is a new wage subsidy scheme that will support wages of older professionals, managers and executives by up to 40 per cent, capped at $7,000 a month for a year.

Manpower Minister Lim Swee Say announced this earlier this month and said: "After the one year, hopefully most of them will find that the adaptation is an effective one."

Lee Kuan Yew School of Public Policy economist Hui Weng Tat said the programme could help by reducing the risk on the part of the employer and increasing the incentive for workers to take up the job.
For now at least, such news is cold comfort for workers like Mr Long Khin Keong.

A former general manager in the oil and gas industry, he used to draw a salary of about $15,000 a month. These days, Mr Long, 58, takes eight months to earn that much as a taxi driver.

He got behind the wheel about a year ago after struggling for six years to find a suitable job.

"Hopefully somebody 'up there' reads this and improves the predicament of many like myself.

"I'm not asking to become a GM again, I just want to be somewhere I can contribute with my experience," he said.


This article was first published on July 20, 2015.
Get a copy of The Straits Times or go to straitstimes.com for more stories.



- See more at: http://business.asiaone.com/career/...ed-and-out-work#sthash.76GKwEfs.Z0hol3Jc.dpuf
 

laksaboy

Alfrescian (Inf)
Asset
Re: Highly trained, middle-aged and out of work. Another SG50 Achievement?

Oh dear. The billionaires must have left the country. :wink:


Screen%20Shot%202014-09-18%20at%2012.13.17%20am.png
 

GoldenDragon

Alfrescian (Inf)
Asset
Re: Highly trained, middle-aged and out of work. Another SG50 Achievement?

Oh dear. The billionaires must have left the country. :wink:


Screen%20Shot%202014-09-18%20at%2012.13.17%20am.png

LHL: Follow my example. If have to suck cocks or kena screw backside to make more money, do it. Gets easier after the first time. Speaking from experience.
 

sleaguepunter

Alfrescian (Inf)
Asset
I'm actually quite serious. The problem with many highly skilled sinkies is they aren't good at marketing themselves.

With all his years of experience in banking, he should set up a fancy website, start conducting seminars and creating a perception in the market that he knows what he's talking about even if he doesn't have a clue.

even don't become towkay, there still TEACHing positions available. with their fanciful degrees, surely can teach part time at tertiary level. while cannot make $15-25k per month but $3-5k a month should be no problem especially it in a aircon LT with OLs as students should beat running around in hot sun trying to clinch a rental deal.

if really making $15-$25k a month, surely no problem saving at least $60-70k a year yet always can see many cry father cry mother stories. sure or not..
 

laksaboy

Alfrescian (Inf)
Asset
even don't become towkay, there still TEACHing positions available. with their fanciful degrees, surely can teach part time at tertiary level. while cannot make $15-25k per month but $3-5k a month should be no problem especially it in a aircon LT with OLs as students should beat running around in hot sun trying to clinch a rental deal.

if really making $15-$25k a month, surely no problem saving at least $60-70k a year yet always can see many cry father cry mother stories. sure or not..

I think a lot of teaching positions have been outsourced to FTs. They can do it cheaper, better and faster. :wink:

Also, it's not healthy to work too long for the MOE. Men will vomit blood, and women will find it hard to conceive. :wink:

The big money is now in tuition and enrichment centres, selling false hopes and dreams to kiasu parents. However, I see market saturation now. Eventually, some of these shops will go tits up, just like previous fads in Sinkieland e.g. bubble tea, luohan fish. :biggrin:
 

sleaguepunter

Alfrescian (Inf)
Asset
I think a lot of teaching positions have been outsourced to FTs. They can do it cheaper, better and faster. :wink:

Also, it's not healthy to work too long for the MOE. Men will vomit blood, and women will find it hard to conceive. :wink:

The big money is now in tuition and enrichment centres, selling false hopes and dreams to kiasu parents. However, I see market saturation now. Eventually, some of these shops will go tits up, just like previous fads in Sinkieland e.g. bubble tea, luohan fish. :biggrin:

bro, I not talking about MOE only. Even poly give part time lecturer job to qualified personnel. As for going for FTrash, not true as a relative is teaching part time. The fee are standard across the board. Paid upon completion of module.

then there are those workfare BS courses, 3-5 full days job will net about $2500-$3000. only issue these course may not have standard teaching material, so the MOM authorised course centres will want the course trainer to come up with the material and they will send it down to workfare for approval. ex west coast mp ho geok choo is making big bucks by being the boss of this type course center. your ex mp rite?

give tuition centres some credit lah, some really not bad and at reasonable price.
 
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