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05-06-2014, 08:20 AM
An honorable member of the Coffee Shop Has Just Posted the Following:
June, 2014
According to a survey report, “Global Professionals on the Move”, by global recruitment firm Hydrogen Group, Singapore has emerged to be the top Asian destination for foreign PMETs. Foreign PMETs looking to move abroad to pursue career opportunities have identified Singapore as their top choice in Asia, according to the report.
In Asia, Singapore came up top ahead of Hong Kong and China. This is the 5th year the Hydrogen Group is publishing the report. Over the past 5 years, the number of professionals who are currently working abroad, have already moved or are interested in relocating overseas, now stands at an estimated 235 million. The percentage of people who are willing to work abroad has risen, more than doubling from 16% to 35% for this period.
Many Singaporeans are questioning the quality of some of the foreign PMETs working in Singapore. Many think that the real talented ones will go to the Western countries like US and UK. What Singapore has are the 2nd and 3rd tier “foreign talents”. This is echoed by Chris K, who works in a senior position at a global financial centre bigger than Singapore. He wrote:
"Let us look into the banking industry. The Business Times of 12 Mar 2014 reported this headline “Bank bonus in Singapore lag those in other key hubs”. The report stated that despite the low income tax rate, Singapore average bank bonus per employee lags not only behind London and New York but also Hong Kong and Sydney by a whopping 38% and 51% respectively. Now, whatever one may say about banks and their culture of greed, one thing is absolutely certain – the banks know who their talents are and these are well taken care of.
The report went on to quote industry insiders that Singapore is the workhorse for the industry while the big deal and transactions are done elsewhere. Therefore the lower bonus is linked to the prevalence of low value operations functions here while the high value front office functions are mostly elsewhere. The report inference is that while Singapore may have lots of foreign banking talent by the government’s definition but that definition meant naught in the real world. The real talents are, in the main, not in Singapore. Yet another instance of the government throwing bodies at GDP growth."
http://www.tremeritus.com/2014/06/02...foreign-pmets/ (http://www.tremeritus.com/2014/06/02/survey-sg-is-top-asian-destination-for-foreign-pmets/)
http://www.news.hydrogengroup.com/gpm2014/
Foreign trash still coming to Sinkapore....Real Talents still in New York and London.
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?183330-Singapore-still-top-destination-in-Asia-for-FT-s&goto=newpost).
June, 2014
According to a survey report, “Global Professionals on the Move”, by global recruitment firm Hydrogen Group, Singapore has emerged to be the top Asian destination for foreign PMETs. Foreign PMETs looking to move abroad to pursue career opportunities have identified Singapore as their top choice in Asia, according to the report.
In Asia, Singapore came up top ahead of Hong Kong and China. This is the 5th year the Hydrogen Group is publishing the report. Over the past 5 years, the number of professionals who are currently working abroad, have already moved or are interested in relocating overseas, now stands at an estimated 235 million. The percentage of people who are willing to work abroad has risen, more than doubling from 16% to 35% for this period.
Many Singaporeans are questioning the quality of some of the foreign PMETs working in Singapore. Many think that the real talented ones will go to the Western countries like US and UK. What Singapore has are the 2nd and 3rd tier “foreign talents”. This is echoed by Chris K, who works in a senior position at a global financial centre bigger than Singapore. He wrote:
"Let us look into the banking industry. The Business Times of 12 Mar 2014 reported this headline “Bank bonus in Singapore lag those in other key hubs”. The report stated that despite the low income tax rate, Singapore average bank bonus per employee lags not only behind London and New York but also Hong Kong and Sydney by a whopping 38% and 51% respectively. Now, whatever one may say about banks and their culture of greed, one thing is absolutely certain – the banks know who their talents are and these are well taken care of.
The report went on to quote industry insiders that Singapore is the workhorse for the industry while the big deal and transactions are done elsewhere. Therefore the lower bonus is linked to the prevalence of low value operations functions here while the high value front office functions are mostly elsewhere. The report inference is that while Singapore may have lots of foreign banking talent by the government’s definition but that definition meant naught in the real world. The real talents are, in the main, not in Singapore. Yet another instance of the government throwing bodies at GDP growth."
http://www.tremeritus.com/2014/06/02...foreign-pmets/ (http://www.tremeritus.com/2014/06/02/survey-sg-is-top-asian-destination-for-foreign-pmets/)
http://www.news.hydrogengroup.com/gpm2014/
Foreign trash still coming to Sinkapore....Real Talents still in New York and London.
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?183330-Singapore-still-top-destination-in-Asia-for-FT-s&goto=newpost).