Have u encounter situations like this??

[enterprise2]

Got a colleague. He's been with the company for 6 years. He is what in HR jargon called an 'individual contributor', meaning he got no one working under him even though his title is manager. He's always bitching about his job, overworked, over stressed...etc but his boss seem to value him, got promoted twice in 6 years. His pay must be over $10k and he drives a 5 series. The funny thing is that he has resigned, probably headhunted and when he left, his boss decided not to fill the position. This really gets our goat, people seemingly indispensable, overworked, valued by senior management team....etc and when they leave, they are not replaced. So their leaving has no impact on the company?? I think this type of situation is not uncommon, right?

 

[Loofydralb]

You're just envious.

Obviously he has skills that no one else in the office has. He makes money for the company, thats why. And his value is proven when another company pays him even more to join them.

People like you are dispensible. Dispensible people have attributes like jealousy, unskilled, unproductive.

 

[eatshitndie]

there are individual contributors where you cannot suka suka replace. and when you cannot retain them, you simply cannot find replacements. example: steve jobs.

 

[enterprise2]

Err, why should I be envious when I prob make more than him. Hes same level as me but I more senior!

 

[myfoot123]

Got a colleague. He's been with the company for 6 years. He is what in HR jargon called an 'individual contributor', meaning he got no one working under him even though his title is manager.

A $2 company? One man show? The boss himself can easily do the job since there is no staff to manage. Cut cost too.

 

[UltimaOnline]

His pay must be over $10k... why should I be envious when I prob make more than him. Hes same level as me but I more senior!

So you make over $10k a month? Out of curiosity, how much have you saved and/or invested over the last few decades?

I'm wondering that coz, it's common for some poorly paid people to be able to save up huge sums, and it's just as common for extremely well paid people to have no savings (or even be in debt).

 

[jw5]

Got a colleague. He's been with the company for 6 years. He is what in HR jargon called an 'individual contributor', meaning he got no one working under him even though his title is manager. He's always bitching about his job, overworked, over stressed...etc but his boss seem to value him, got promoted twice in 6 years. His pay must be over $10k and he drives a 5 series. The funny thing is that he has resigned, probably headhunted and when he left, his boss decided not to fill the position. This really gets our goat, people seemingly indispensable, overworked, valued by senior management team....etc and when they leave, they are not replaced. So their leaving has no impact on the company?? I think this type of situation is not uncommon, right?

He is indispensable, his position is dispensable.

 

[enterprise2]

So you make over $10k a month? Out of curiosity, how much have you saved and/or invested over the last few decades?

I'm wondering that coz, it's common for some poorly paid people to be able to save up huge sums, and it's just as common for extremely well paid people to have no savings (or even be in debt).

Well $10k salary is quite common after a few decades of working.....if u climb steadily up the ladder...so really no big deal. As for savings/investments - over $1.5m but if u go by Sam's calculations I am still some way off the $4m mark needed for retirement.

 

[jw5]

Well $10k salary is quite common after a few decades of working.....if u climb steadily up the ladder...so really no big deal. As for savings/investments - over $1.5m but if u go by Sam's calculations I am still some way off the $4m mark needed for retirement.

Sam's mark is $5m.

 

[eatshitndie]

Well $10k salary is quite common after a few decades of working.....if u climb steadily up the ladder...so really no big deal. As for savings/investments - over $1.5m but if u go by Sam's calculations I am still some way off the $4m mark needed for retirement.

it's less about the salary and what your raise is gonna be. it's more about raising your prospects for creating enterprises and improving your expertise in the activities you love. if salary is the pre-occupation, it's a dead end model for retirement.

 

[enterprise2]

Sam's mark is $5m.

Well he got his figure and I got mine. How to get $5m?? I got family and mistresses to feed!

 

[jw5]

Well he got his figure and I got mine. How to get $5m?? I got family and mistresses to feed!

You just said that by Sam's calculation, the retirement mark is $4M.

Ok anyway, you can always reduce one mistress, that should make your figure enough.

 

[enterprise2]

Back to my thread. Don't u feel pissed of the mixed and contradictory messages?? People that top management lauded, groomed, and the position was highlighted as critical.... But when those people leave, they are left vacant and sometimes made redundant. I know company strategies change from time to time but these kind of actions sometimes smack of the mindless politicking that goes on. In my case I know for a fact that it is due to vested interest. The boss has made this guy his no 2. He groomed him, promoted him and soon it became apparent his no 2 is beginning to outshine him. So he stopped the 'grooming' process, made life uncomfortable until when the headhunter came calling, he is only too willing to jump ship. Now that he is gone, the boss made his position redunctant. Mission accomplished!!

 

[Tuayapeh]

maybe he was needed by the company to do some important pojec ? Secret projects usually hire contractors who come and finish heir job then leave.....i knew of some guy who was hired to help fire a whole bunch of staff because he is a stranger who has no emotional entanglements then after the culling exercise ended half a year later, he himself was laid ff. not unusual.....

 

[Leongsam]

Well he got his figure and I got mine. How to get $5m?? I got family and mistresses to feed!

You won't reach 5 million savings on a salary alone unless you're a pappy minister or the CEO of a large company.

You might try joining a start up with share options. Things can go either way but if it works out, you're set for life.

 

[enterprise2]

You won't reach 5 million savings on a salary alone unless you're a pappy minister or the CEO of a large company.

You might try joining a start up with share options. Things can go either way but if it works out, you're set for life.

Well I don't need $5m because I intend to work till.....as long as I can. I can't imagine not working, pottering in the house with wife, looking after grandkids?? I will go mental within a year!!!

 

[wendychan]

Err, why should I be envious when I prob make more than him. Hes same level as me but I more senior!

clap clap. good for you then

 

[wendychan]

Back to my thread. Don't u feel pissed of the mixed and contradictory messages?? People that top management lauded, groomed, and the position was highlighted as critical.... But when those people leave, they are left vacant and sometimes made redundant. I know company strategies change from time to time but these kind of actions sometimes smack of the mindless politicking that goes on. In my case I know for a fact that it is due to vested interest. The boss has made this guy his no 2. He groomed him, promoted him and soon it became apparent his no 2 is beginning to outshine him. So he stopped the 'grooming' process, made life uncomfortable until when the headhunter came calling, he is only too willing to jump ship. Now that he is gone, the boss made his position redunctant. Mission accomplished!!

well as ive been told. get on with it...

 

[Leongsam]

Well I don't need $5m because I intend to work till.....as long as I can. I can't imagine not working, pottering in the house with wife, looking after grandkids?? I will go mental within a year!!!

I'm surprised that so many do not understand what "retirement" means. It isn't about wandering around like a lost soul with nothing to do and nowhere to go. It's about having the freedom to do what you want to do rather than what you're paid to do.

Before I retired, I was beholden to others in one way or another. My schedule was dictated by my commitments. My plans needed to take into account the plans and schedules of other people.

Now that I'm retired, I'm busier than ever but I'm doing what I have planned for myself. Since I don't have to worry about making money, I can plan things that spend money instead and I can assure you it's a lot more enjoyable.

For example, between Jan and Mar this year, I had a target to spend $129,000 before the 31st of March which is when company books need to be closed and tax returns submitted. I did this in order to pay $0 company taxes.

To achieve this goal of paying no company tax, I went on an orgy of photography and outdoor activities with a group of like minded friends and fellow club members. We had a fantastic time. At the end of it all, we came back with more than 3000 images that have been uploaded to stock image sites where they can be purchased.

However, it doesn't matter if they don't sell. That's the beauty of retirement. It removes the stress of having to earn a living to pay the bills.

The PAP obviously wanted to make the word "retirement" a dirty word which conjures up the vision of wasting away at home and living an aimless existence. Based on your remarks, it looks like they have succeeded.

 

[Froggy]

I'd say he is a relative of the boss so cannot fire him or do anything with him so when he left the job is vacant. Just guessing hor.

Got a colleague. He's been with the company for 6 years. He is what in HR jargon called an 'individual contributor', meaning he got no one working under him even though his title is manager. He's always bitching about his job, overworked, over stressed...etc but his boss seem to value him, got promoted twice in 6 years. His pay must be over $10k and he drives a 5 series. The funny thing is that he has resigned, probably headhunted and when he left, his boss decided not to fill the position. This really gets our goat, people seemingly indispensable, overworked, valued by senior management team....etc and when they leave, they are not replaced. So their leaving has no impact on the company?? I think this type of situation is not uncommon, right?