Brace ourselves for the great resignation. Another wave coming!
5445 replies (most recent on top)
If you happen to walk past HBF office Ya Kun or Toast Box, many were chitchatting but I noticed some work very late. Perhaps this is their ways of distressing of workloads and complaining about evils culture. I’m also very surprised that this forum is very active till today.
Many times see shared service or controllers, always snacking and chitchatting. Too many of them, should remove these headcounts, give to us on site and ssm. Quite sure many noticed, but feels something odd.
Adik. It’s not about pack up and leave. It’s about the personal liability you have for your family. For the family and not for pride leh… So u know lah… still need continue to suck up to some boss who thinks they are always right but actually don’t do any actual work except v and v. Differ from the leadership guidance EM trying to have on these leaders… Maybe should report them lah to surface the actual 5h1t happening. Few are good tho, way too many are boo5h1t.
No extra bonus or shares, who cares? Time to pack and go…
@cSoeh+16zEvLP3
It also proved that company doesn’t care about employees. Let’s touch your heart and see, all employees especially front line people burnout physically and mentally during this period because of high attrition, fatigue, frustration, prolonged stress, overwork and high inflation.
Learnt from DW message, still dare to send to employees to boast about record earning, shareholder distribution and structural cost savings (workforce reduction).
What do you think more incidents happen recently? Because of less manpower, more workload and more competent people are leaving EM. Brain drain and competency drop have been happening all this time.
Do you think new hires can just simply replace those experienced folks with 6 months training and start working in hazardous work environment?
This will be new challenge to ELT whether success or failure, they can retain people to run plant and execute big upcoming events.
Do you guys think SGCX have leaders that can make a change or just some post who have authority to execute instructions from higher ups.
I think the strong 3Q profit of ExxonMobil just proves that with less people company actually can do better, which then supports the effort of further cutting down the headcounts. This is exactly the reason why the company is not rewarding employees - because the record high profit has nothing to do with your contribution.
SG workforce think they are special because SGCX is the biggest globally, ok, so what? wait for the oil price plunges again and see how. Good luck guys, all the best.
Wonderful 3Q profits! Time to celebrate! Anyone still thinking of leaving? Share buy back, pay off debt, increase dividend, increase capital spending on LCS, how come none of these excites me anymore seeing how the company is doing well.. 😒
In the latest ‘Saga’ facing Exxonmobil Refinery in Singapore: more than 1,000 barrels of diesel had just vanished into thin air. The incident happened at the Pulau Ayer Chawan (PAC) Refinery when checks after loading onto on an oil tanker revealed a major discrepancy. While discrepancies are a usual occurrence in the Refinery due to measurement accuracy, the variance seen in this particular instance is too huge to ignore. This writer believes that ‘men in places’ choreographing this have gotten complacent amidst the high oil prices of today. Estimated at more than US$150,000, the whole thing was swept under the carpet like nothing had happened. Rechecks on the variance was as rigorous as trying to brush my hair in the morning. It is all just a show to the rest of us who secretly knows, what is going on but are too scared to speak out, fearing backlash and revenge.
you never know so many people quiting...OMG.
there is no sign of stopping.
Outstanding 5-15% + Share
Excellent 5-10%
V Good 3-8%
Good 1-5%
NI 0%
Any news about how Jan salary increment looks like?
Bring it on, $6 billion in structural cost savings by 2023, driven by savings from the new business structure and measures such as centralizing procurement, digital transformation of processes, and right-sizing programs.
Wah! I oso wan!!!
Interest-free car loan and housing loan subsidy!
In times of high COE and high mortgage interest rates, this is god-sent!
I believe that hi-potential CL25s graded “Excellent” were also given RSU.
Must be deemed hi-po (CL >32) though.
Note: .GT. …. .NE.
What about those who are ranked excellent CL 25? Will RSU be given too?
Those who were graded as “Outstanding” in this year’s PA have received EM stock options.
Tia kong HR will also be bringing back interest-free car loan for local employees, to cushion the impact of high COEs.
Company housing loan subsidies will follow suit, in light of rising mortgage interest rates.
Small things like company-issued tid-bits have come back to the office pantry areas.
WAEM!
Many were re-hired, at previous same salary.
Even those who have retired were re-contracted.
Heard that the whole manufacturing site (Ref + Chem) is resource-constrained.
Back to bo-m time, big time liao.
Also this year’s 3-mth AWS is intact … while many in the industry are retrenching!
Those who had jumped to Shopee now awfully regretting, or at least one I know, even lost his job there!
And the carousel of life will go on …..
Anyone jumped ship to another industry even though just matched or <5% increment? How are you fairing so far? Heard some are knocking back EM’s door to come back.. =p
https://www.techinasia.com/shopee-lays-hundreds-employees
FoodPanda Singapore layoff
https://www.straitstimes.com/singapore/food-delivery-firm-foodpanda-lays-off-staff-in-singapore-retrenchment-reportedly-affects-about-60
Seagate Singapore layng off 300
https://www.thelayoff.com/t/1iWVphFd
@OP+1iWVphFd
EM shares free falling. Goodluck everyone.
This is what I meant by no accountability. The Execs still think they damn good .
https://www.bloomberg.com/news/articles/2022-09-23/leaked-study-says-exxon-partners-overspent-by-138-billion-on-oil-gas-projects
EM seems to have 5/5 of the characteristics . OMG!
https://www.gistpaper.com/there-are-five-types-of-bad-bosses-to-avoid-and-mark-zuckerberg-fits-three-of-them-harvard-expert-reveals.html?utm_source=ReviveOldPost&utm_medium=social&utm_campaign=ReviveOldPost&fbclid=IwAR2v194izCJpwIxhSaIflRJCSksn2fArID9j9v25bQITbRIdm-dTInRkAD8
Already said, unless you’re Outstanding if not just do your work and keep quiet and don’t complain. Many are quite quitting now.
From the post below does it mean Outstanding around 100 shares will get $10000 more than everyone? Across all CL is the same? That is alot of difference at lower CL
@bYyxg+16zEvLP3
Wah your assumption of 5% so optimistic just like some of the clowns in the company doing earning projection for projects . No wonder we are in trouble of sinking ships . Bec all the projects we decided to embark on grossly under delivered ! Wake up lah, if you can get 5% every year on Average you shd thank ur lucky star ! You think ‘Em so generous ? The compensation system in ‘Em works on under paying the bottom 2/3 to over compensate the top 1/3. In case u still don’t get it , you project of 5% is flawed ! There will be years you will be getting Zero for years if you are not being promoted …lol . There is a saying , when u reach certain age in the company , u no longer work for increment . U are only working for your mthly pay …. Good luck folks who are still building dream with this company .
hahaha, you get 2 years straight which is 200+ shares and you calculate it to be 70+k? EM hire the elites.. indeed
Yup, that’s about right.
Last time I received EM stock options 2 years in a row. Sold them later and got abt $76,000 (depends on current stock market price of EM shares at that point in time).
I didn’t bother to convert them to shares.
Note: Such “earnings” are viewed as taxable by IRAS. Cannot runaway one, no matter how you argue with the garmen.
Outstanding 80-100
O with Dist 100-120
@bZmma+16zEvLP3
Do you know how many shares outstanding will receive for CL25 and below?
If you’re not ranked outstanding, please leave. Only this group of employees will be receiving shares, EMperor dont needs you.
Quiet quitting is a misnomer. Doing what you're paid to do is not quitting. Employers expecting above and beyond all the time are slave drivers. It's too negative a term to describe persons who want and need work life balance.
Headcount reduction in Singapore will be accelerated based on the recent economic forecasts for our country.
https://www.msn.com/en-us/money/markets/economists-cut-singapore-growth-forecasts-raise-inflation-survey
2 September 2022
SINGAPORE (Reuters) - Economists have cut growth forecasts and upped inflation expectations for Singapore, according to a central bank survey, published on Thursday, with a global slowdown seen as the biggest risk to the trade-sensitive city state....
Weak Chinese data in recent weeks will not be encouraging for that view, however, nor would disappointing Singapore manufacturing figures published last week.
On the inflation front, the most recent data from July had Singapore's consumer prices rising at their fastest pace in 13 years and the finance minister this month said he did not expect it to peak until the fourth quarter of this year.
Singapore unexpectedly tightened monetary policy twice this year, in January and July.
OK lor. Say you are campus hire @$5000/mth starting.
Assuming 5% increment every year is a constant.
No promotion. No stock options.
After working for 30 years until retirement, your pay will be $21,610/mth.
Or $324,150/year (3 mths AWS inclusive).
Not bad what!
Ask so many questions on increment for what? As long as you are mediocre to above-average performer (i.e., PA Very Good category and below), your next increment will be from 0 to <5%. NSI is zero, of course.
If you want double-digit with promotion and also EM stock options, you must be Outstanding. No less.
Face it, EM only wants to retain and rewards the best.
Coming from this lau chiau complex
don't ask then ask what? career opportunities? when we getting replaced by TC? global got what projects?
main interest is still the salary package, if not work for what? passion? fight for the company?
Hey engineers, stop wasting everyone's time asking about salary and increment in comm sessions. The managers aren't gonna give the answers you guys are looking for. And spoilers: Unless you are O or E, the coming increment will be a disappoint for you.
LCS, CCS and LEF appear to be EM’s last-ditch vain attempt to revise their decades-proven business model, to make themselves stay relevant (but at what cost?), and with success never guaranteed.