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Top Management Demanded Staff Names for 24th Dec - Retrenchment Exercise.
- Thread starter NissanViP
- Start date
It it unclear how must lost has the big bosses (investors) have inccur, this is just my department alone, other department also nearly 60% going to get hit as well.
I agree with you, the top should take the cut first then all the way down, while retrenchment should be the last for the worst effort.
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Ask the Crying Minister for help
That fella will say "singaporean die is ur business" so long his pocket remained fat or fatter later.
Suggestion:
Ask all 37 if they are willing to take a 20 to 30% pay cut so that nobody needs to be retrenched.
Put down the names of those who say no.
If not 21 yet, put down the names of the poor perfomers whom you think should leave anyway.
If still not 21, put down your own name.
I'm serious, that's what I would do.
At times like this I wish I was in your company. I am almost near retirement age just 2or 3yrs more and have worked for over 20yrs in the same company. If I get retrneched I will most prob rent out my Phole and move to matland to stay and enjoy my retrenchment benifit, my pension and my monthly rent from my Phole
Hmm.. you still have pension? thats good.
If someone like you to volunteer that makes another story.
Most of the staff are married with kids, some is about to settle down to start a family and some have already buy Pigeon-Hole.
Seriously, my heart goes out to them if really I cant "fight" anymore to secure their rice bowl.
I might be in the hit list too, it is just matter of time to be reveal from the top guys in London.
In fact I have already proposed for pay cut in the 1st quarter and subsequent quarter to be review for further cuts.
Also, I have proposed to forfeit this year bonuses, while 13 months to be pay-out up to 50% whichever is affordable.
But my proposal in vain though.
To put my name will not solve the problem, so lets not take easy ride for now.
I dont wish to give the bosses the impression that I have found another job and leaving them in the lurch.
Man, aren't you such a lousy manager or something? Your saving grace is only your emphaty and conscience.
Retrenchment is such an easy exercise. First discuss with your boss specifically what are the objectives that must be met by conducting the exercise. Next think of other side benefits the COMPANY will gain by doing this.
Then set up the principles upon which this exercise will be carried out.
There is so many things I can teach you but then you are the manager, not for nothing, right?
One single biggest mistake is to let known to staff that retrenchment is coming. Swift and clean must be the priority.
Good luck.
Retrenchment is such an easy exercise. First discuss with your boss specifically what are the objectives that must be met by conducting the exercise. Next think of other side benefits the COMPANY will gain by doing this.
Then set up the principles upon which this exercise will be carried out.
There is so many things I can teach you but then you are the manager, not for nothing, right?
One single biggest mistake is to let known to staff that retrenchment is coming. Swift and clean must be the priority.
Good luck.
You must be a high flying corporate executive.
To set-up principles and to carry out retrenchment for company benefits is not difficuilt indeed and it is inhumanity action.
But at the sametimes we should try to balance both for company benefit and preventing the staff losing their job if possible by finding ways unless otherwise.
Of course the very last resort is retrenchment and I know thats the bottomlines.
Singaporeans staff is what my worries most, they cant get job anytime or any easy, they will be "abandoned" in the employment selection for very long-long time, unlike foreigners who gets the job easily.
One word "Discrimination" towards Singaporean rights.
Thanks for your input.
"Retrenchment is good for singapore. If there is no retrenchments, then I worry." :(
With these words from you, you have already shown you are a wayang form of manager who has no concern for others but your own gulit and ego.
I have managers like you and so far...they get fucked everyday by the directors whereas I smiled all the way.
Want to shut own my business? Look over your shoulders first.
Guess who m I?
That motherfucking Goh....... another motherfucker that strike snowballed TOTO draw every year !! KNN.... married a peanut wife, WTF !!!
I guess the bottomline is who is moe important, the company or the individual staff?
If there is a need to let go of certain staff so that the rest could keep their jobs, I guess some harm for the good of all just have to happen.
How could this to be carried out is important. Lucky draws is a lousy idea. I would instead look at who is working and who is not. Deadwood like those at director and managerial level who talk alot and do nothing but take so much pay would be the first to go. many would argue that these could have contribute to the company for years, but when its come to fat trimming, such fats just need to be getting rid of. What matter at now is of the future and nolonger of the past. Companies cannot lived on past glory and achivements.
Anything more than 30% downsizing is a good indication that the department would be shutdown and the rest wll either be transfered out or....add to the retrendment list.
looks like someone didnt do his job well and is about to lose his job too.
Retrendment is no good for anone,whether its for the individual or the company as that means things aint going well.
I would worry if there is any retrendment as that means certain sector of the ecomony is not up to speed.
when there's a retrenchment, it means the management is screwed up!
simple as that, time to LBOs those companies!
As a matter of fact, the retrenchment did me more good than harm. I started on my own, I strengthen my character, I am no longer meek, and best of all, now I bite and kick arses !! What is the worst ? I have become... no, I mean COLD........
finally.. someone see the good intention of gct when he said he will be worry if there is no retrenchment... good foresight of gct..
if the target is 60% of headcount... offer a 50% pay cut for the dept... the total costs will be about the same after you let go 2 staff previously...
now market already bad ..we cant blame the company or anyone ....dont worry bro , thats life . be strong
