Deutsche Bank, JP Morgan
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Please Guess??? Banks with Overwhelming Foreign Employees from Single Cuntry!
- Thread starter Pinkieslut
- Start date
In the first place government should know about it before hand. All of them either get work pass from government eg EP DP SP WP. Or they do pay levy pay cpf.
Government should have the record long ago.
Why now then take action??
What is happening???
MOM should publicise these company name and shame them, we all Singaporean may boycott these companies till they repatriate all the CECA PMET
LHL said the FT are here to create jobs for local!
Firms need to balance finding right skills and hiring locals: Experts
A recruiter said not a single Singaporean was hired through the Jobs Bank in the three years she worked at an employment agency.
Half her division, she added, was made up of foreigners.
A bank executive recounted that the trading floor of the multinational bank where she works is crowded with employees from a particular Asian country, including their family members from the same region in the country.
"How is it possible that (they) are almost always the best person for the job or a promotion?" she asked.
These were among the comments The Straits Times received, after the Ministry of Manpower (MOM) said on Wednesday that more employers have been added to the Fair Consideration Framework (FCF) watch list for potentially discriminatory hiring practices. MOM's update came amid concerns from local job seekers that they are not getting a fair deal in a tough job market.
But do Singaporeans lack the relevant skills?
Business leaders interviewed by The Straits Times said some sectors do have a skills shortage that can be filled by foreigners.
But they all agree there is no reason for companies to hire workers only from a single foreign nationality.
The American Chamber of Commerce in Singapore said that based on its manpower survey last year, American companies here cited soft skills, including adaptability, willingness to take risks, creativity and leadership skills, as being the hardest to find in local workers.
This led them to hire foreigners.
Technical skills and market knowledge ranked further down the list of reasons firms gave for not hiring Singaporeans.
Singaporean-German Chamber of Industry and Commerce council member Alexander Melchers cautioned against generalising why Singaporeans do not make the cut.
The reasons tend to be industry-and company-specific, he said, citing the shortage of skilled workers in the aviation sector just before Covid-19 struck.
What about the financial services sector, which has the lion's share of newcomers on the FCF watch list?
Mr Melchers said that if a German wealth management firm sets up office here, German clients tend to be more comfortable dealing with Germans. This means it must have German speakers on board.
He added that the Jobs Bank has thrown up interesting curriculum vitae and "opened the eyes" of many European companies to the local talent pool.
Singapore International Chamber of Commerce chief executive Victor Mills said that as a small country, Singapore will never produce enough talent of its own, hence it has positioned itself as a global talent hub.
But this issue has become emotionally sensitive, especially with the economic recession, and it is right that the Government wants to ensure local candidates get fair consideration, he said.
What is "completely unacceptable in any country", he added, is the practice of recruiting from only one nationality. "It doesn't make sense because you want diversity of the workforce to better reflect your customer base."
If some firms cannot be counted on to follow the rules, should the authorities issue fewer work passes and tighten the FCF framework?
Mr David Leong, managing director of human resources firm PeopleWorldwide Consulting, said one option is to require companies to employ local trainees or interns to pair with S Pass holders, and take over their jobs when their contract is up.
He noted the problem of foreign employees is especially acute in the software, IT and financial sectors. The middle-and back-room staff who work on project management, programming and coding tend to gather familiar colleagues from their home country to work together, he said.
Mr Melchers said the national economic strategy must come first. "Where and how do we want to grow our economy?
"Then we need to be very specific about where we can afford to reduce the EPs (Employment Passes) or S Passes, and where we have enough training institutes and talent that can pick up the skills fast enough, so we don't stop the growth of these companies.
"Otherwise, they may go somewhere else where they can find these talents."
A recruiter said not a single Singaporean was hired through the Jobs Bank in the three years she worked at an employment agency.
Half her division, she added, was made up of foreigners.
A bank executive recounted that the trading floor of the multinational bank where she works is crowded with employees from a particular Asian country, including their family members from the same region in the country.
"How is it possible that (they) are almost always the best person for the job or a promotion?" she asked.
These were among the comments The Straits Times received, after the Ministry of Manpower (MOM) said on Wednesday that more employers have been added to the Fair Consideration Framework (FCF) watch list for potentially discriminatory hiring practices. MOM's update came amid concerns from local job seekers that they are not getting a fair deal in a tough job market.
But do Singaporeans lack the relevant skills?
Business leaders interviewed by The Straits Times said some sectors do have a skills shortage that can be filled by foreigners.
But they all agree there is no reason for companies to hire workers only from a single foreign nationality.
The American Chamber of Commerce in Singapore said that based on its manpower survey last year, American companies here cited soft skills, including adaptability, willingness to take risks, creativity and leadership skills, as being the hardest to find in local workers.
This led them to hire foreigners.
Technical skills and market knowledge ranked further down the list of reasons firms gave for not hiring Singaporeans.
Singaporean-German Chamber of Industry and Commerce council member Alexander Melchers cautioned against generalising why Singaporeans do not make the cut.
The reasons tend to be industry-and company-specific, he said, citing the shortage of skilled workers in the aviation sector just before Covid-19 struck.
What about the financial services sector, which has the lion's share of newcomers on the FCF watch list?
Mr Melchers said that if a German wealth management firm sets up office here, German clients tend to be more comfortable dealing with Germans. This means it must have German speakers on board.
He added that the Jobs Bank has thrown up interesting curriculum vitae and "opened the eyes" of many European companies to the local talent pool.
Singapore International Chamber of Commerce chief executive Victor Mills said that as a small country, Singapore will never produce enough talent of its own, hence it has positioned itself as a global talent hub.
But this issue has become emotionally sensitive, especially with the economic recession, and it is right that the Government wants to ensure local candidates get fair consideration, he said.
What is "completely unacceptable in any country", he added, is the practice of recruiting from only one nationality. "It doesn't make sense because you want diversity of the workforce to better reflect your customer base."
If some firms cannot be counted on to follow the rules, should the authorities issue fewer work passes and tighten the FCF framework?
Mr David Leong, managing director of human resources firm PeopleWorldwide Consulting, said one option is to require companies to employ local trainees or interns to pair with S Pass holders, and take over their jobs when their contract is up.
He noted the problem of foreign employees is especially acute in the software, IT and financial sectors. The middle-and back-room staff who work on project management, programming and coding tend to gather familiar colleagues from their home country to work together, he said.
Mr Melchers said the national economic strategy must come first. "Where and how do we want to grow our economy?
"Then we need to be very specific about where we can afford to reduce the EPs (Employment Passes) or S Passes, and where we have enough training institutes and talent that can pick up the skills fast enough, so we don't stop the growth of these companies.
"Otherwise, they may go somewhere else where they can find these talents."
fuck pap 
fuck all these pap ministars dead dead including all their family members
fuck all these pap ministars dead dead including all their family members
Why not give it to sinkies instead? Sinkies love getting stiffed.
That they did not say how many have been prosecuted tells you everything.
Case closed.
They "forgot" to mention that FTs don't have to go reservist three weeks a year.
If the govt is serious about helping locals to get the jobs, they specify a ratio. And
send the rest for training. At the end of the day, this govt is simply pro business,
because their output contributes to the GDP, which drives the ministers' salaries.
what can u say?sinkies prefer working grab,deliveroo and security guards
The American Chamber of Commerce in Singapore said that based on its manpower survey last year, American companies here cited soft skills, including adaptability, willingness to take risks, creativity and leadership skills, as being the hardest to find in local workers.
This led them to hire foreigners.
Technical skills and market knowledge ranked further down the list of reasons firms gave for not hiring Singaporeans.
This led them to hire foreigners.
Technical skills and market knowledge ranked further down the list of reasons firms gave for not hiring Singaporeans.
Who say anything about prosecuting? They are very clever. Can change the hearts and minds. No need to use punitive actions. Only oppies and liars immediate and forceful response like pofma.
61% are fucking stupid and now got fucked deep deep
The only way is to vote out the fucking PAP with their running dogs.
N.A.T.O.
You will see absolutely ZERO action taken.
Sinkies are a dumb bunch.
You will see absolutely ZERO action taken.
Sinkies are a dumb bunch.
Why nobody cite Standturd ChaReTard
chief is ex ceca
hires lots of same asses now in Changi Biz Hub n MBFC..........now shitizen but betrays sg cause
OPEN LETTER TO DBS LTD
Dear Peter Seah Chairman >>>> (cc P Gupta), Ho Ching Termasek Holdings
.. 2020…2021…2022
DBS “DIGITAL TOKEN”? IS IT A TOOL ALSO FOR HACKING.SCAMMING? DID DBS SAVE A LOT OF MONEY AT EXPENSE OF DEPOSITOR’S SCAM PROTECTION? + QUESTION OF INTENSE PUBLIC CONCERN
When internet or online banking started depositors accessed their accounts, inter alia, using given dongle transmitted 6 digits to gain access and control over their transactions. Dongle is tied to depositor phone number known to DBS. Dongle is also always with depositor physically unless robbed or stolen by unauthorised/crooks.
Some years ago, without alerting or formally informing depositors “DIGITAL TOKEN” was phased in replacing the expensive (to DBS) but ABSOLUTELY RELIABLE DONGLE. Neither was depositor’s approval obtained to have these digital token -WHICH IS BASICALLY ANY SMART PHONE phased in to replance/displace the reliable and fully time tested dongle. No doubt the creator in DBS got a big pat on the back and a big feather in his cap for saving DSB a lot of money to have smart phone replace dongle which has high cost burden to DBS - purchased price; inventory costs; adminstration costs, distribution etc…!! Smart phone cost nothing to DBS.
HOWEVER DBS overlooked or ignored the serious consequence of this switch which basically exposed depositors to hackers/scammers. DBS willingly allow darkforces to switch control from dongle to their smartphone EVEN WHEN THEIR PHONE NUMBER IS FOREIGN OR UNREGISTERED WITH DBS LIKE THOSE TIED TO DONGLE.
UNDER ABOVE CIRCUMSTANCES DOES DBS HAS RESPONSIBILITY FOR SCAMS DONE TO DEPOSITS WITH DBS?
OVER PAST YEARS THERE WERE MANY REPORTS RELATING TO DBS DEPOSITORS SCAMMED OR BEING SCAMMED, SOME WITH PARTICULARS INCLUDING MEDIA SUGGESTING LINKS TO DBS OR ITS PAST STAFF OR RELATED - HAS DBS INVESTIGATED AND WHAT IS THE RESULT OR WILL DBS BE INVESTIGATING INCLUDING ANY POSSIBILITY OF DEPOSIT PARTICULARS BEING COMPROMISED BY FOREIGN OR LOCAL STAFF?
Dear Peter Seah Chairman >>>> (cc P Gupta), Ho Ching Termasek Holdings
.. 2020…2021…2022
DBS “DIGITAL TOKEN”? IS IT A TOOL ALSO FOR HACKING.SCAMMING? DID DBS SAVE A LOT OF MONEY AT EXPENSE OF DEPOSITOR’S SCAM PROTECTION? + QUESTION OF INTENSE PUBLIC CONCERN
When internet or online banking started depositors accessed their accounts, inter alia, using given dongle transmitted 6 digits to gain access and control over their transactions. Dongle is tied to depositor phone number known to DBS. Dongle is also always with depositor physically unless robbed or stolen by unauthorised/crooks.
Some years ago, without alerting or formally informing depositors “DIGITAL TOKEN” was phased in replacing the expensive (to DBS) but ABSOLUTELY RELIABLE DONGLE. Neither was depositor’s approval obtained to have these digital token -WHICH IS BASICALLY ANY SMART PHONE phased in to replance/displace the reliable and fully time tested dongle. No doubt the creator in DBS got a big pat on the back and a big feather in his cap for saving DSB a lot of money to have smart phone replace dongle which has high cost burden to DBS - purchased price; inventory costs; adminstration costs, distribution etc…!! Smart phone cost nothing to DBS.
HOWEVER DBS overlooked or ignored the serious consequence of this switch which basically exposed depositors to hackers/scammers. DBS willingly allow darkforces to switch control from dongle to their smartphone EVEN WHEN THEIR PHONE NUMBER IS FOREIGN OR UNREGISTERED WITH DBS LIKE THOSE TIED TO DONGLE.
UNDER ABOVE CIRCUMSTANCES DOES DBS HAS RESPONSIBILITY FOR SCAMS DONE TO DEPOSITS WITH DBS?
OVER PAST YEARS THERE WERE MANY REPORTS RELATING TO DBS DEPOSITORS SCAMMED OR BEING SCAMMED, SOME WITH PARTICULARS INCLUDING MEDIA SUGGESTING LINKS TO DBS OR ITS PAST STAFF OR RELATED - HAS DBS INVESTIGATED AND WHAT IS THE RESULT OR WILL DBS BE INVESTIGATING INCLUDING ANY POSSIBILITY OF DEPOSIT PARTICULARS BEING COMPROMISED BY FOREIGN OR LOCAL STAFF?
