Local accountant used to earn $10,000 as CFO now works as accounts manager with half

[Sammyboy RSS Feed]

An honorable member of the Coffee Shop Has Just Posted the Following:

i know how he feel, at least he was retrenched not kanna sabo by cronies...:o

http://www.transitioning.org/2015/01...e-against-pap/

Dear Gilbert,

I wish to share with you my bitter experience while seeking for a job after being made redundant.

Over the last 12 years I was a Chief Financial Officer with a reputable Japanese logistics firm. Last year the company announced that they will be relocating their HQ to Vietnam. I opted for an early retirement scheme, confident that I will be able to secure a new job since I have a long list of credentials and educational qualification to support me.

I am a 52-year old Chartered Accountant, possessed an accounting degree from a well- known university in UK, hold an MBA and possessed more than 19-years of professional experience. My last income with the firm is slightly less than S$10k per month.

With my resignation thus begin my ordeal in searching for a new job. I did everything to secure an interview – registering my name with e2i and other jobs portal, attended job fairs, wrote directly to employers and registering my name with several employment agencies.

For the first 8 months I did not receive a single phone call after submitting more than 300 applications. I spoke to several former colleagues and everyone told me that it is almost impossible to secure a job because the market is flooded with “foreign talents” that will accept less than half of the local salary’s expectation.

I panicked but remained resolute that I will work harder to secure at least few interviews. My application became more intense as I set targets on the number of applications I plan to send out on a daily basis.

In April 2014, I read about the government’s job bank portal and I was relieved to hear that all organizations must register their employment needs at this portal before they are permitted to employ foreigners. I felt rejuvenated with a false impression that the government has finally come to its senses and decide to impose policies that will put Singaporeans first.

Later I realized that the job bank portal is just a smokescreen to appease Singaporeans because companies simply need to post their job requirement for about 2 weeks and thereafter they can recruit foreigners without impunity.

Thus the search continues, again. I wrote to EVERY organization that advertises for any accounting position – from Assistant Manager to Chief Financial Officer with not a single response.

In total, I registered 468 applications at government job portals and at least another 300 hundred more with other job portals. After one year, I became very depressed while I watch my hard earned savings depleting by the day. I knew that I had no choice but to work anywhere for any amount to sustain my family’s living before my entire savings are wiped out.

I have to pay for my house mortgages, sustain food for my family and provide funds to my daughter who is studying at a local poly.

I first took on a job as a Delivery Driver for about a month and then switch to a hotel receptionist for a meagre salary of $1,700 per month, working on a 12-hours shift. During the entire period I had to conceal my qualifications and experiences from everyone.

I was bitterly embarrassed and could not accept the reality of my hardship. I kept reiterating to myself that I lived in a country where millions flocked in search of jobs and yet here I am not even able to seek one single job.

Clearly there is something amiss with the country. It all boils down to Singapore’s immigration policy. A policy which has no heart and does not give a hood’s wink to its own citizens..

No other country on earth will simply allow foreigners to come with a social visa so as to seek jobs to compete with the locals.

Finally after 15 months, I got my first break when another Japanese firm called me for an interview.

This is my first interview since I was made redundant. Fortunately, the interview went well and I was offered a position of Accounts Manager although the salary offered was half of my last drawn salary as CFO.

I felt relieved that the one and only employer decided to hire me although I am fully aware that I may be overly qualified for the job.

This tragedy that I had encountered will serve as a reminder to me and other Singaporeans at the callousness, idiotic and irresponsible attitude of our government. I began to wonder, what happened to the thousands of vacancies that were advertised in the newspaper, job fairs, portals etc.?

No prices for guessing that it went straight to “foreign talent” although I doubt that they are even moderately talented, superficially maybe but definitely not talented.

Out of fairness, this entire fiasco is deliberately brought to with courtesy by the PAP government. I truly blame myself for electing this tyrannical government. I realize my foolishness and in retaliation vow never to support them perpetually.

They have lost my trust and confidence. I made a firm resolution that I will exercise my constitutional power to the maximum by making sure I will NEVER, EVER vote for this government.

Rest assured, I will convince my wife, child and close friends to do the same.

This tragedy has made me despise our government down to its core and I remain scarred till the rest of my life.

Marcus


Click here to view the whole thread at www.sammyboy.com.