Please Guess??? Banks with Overwhelming Foreign Employees from Single Cuntry!

[LITTLEREDDOT]

Deutsche Bank, JP Morgan

 

[CPTMiller]

47 employers added to watch list over discriminatory hiring
A fresh group of 47 employers have been placed on the Fair Consideration Framework (FCF) watch list for potentially discriminatory hiring practices.

They will have their Employment Pass (EP) applications for foreign hires closely scrutinised, and those who are recalcitrant or uncooperative will have their work pass privileges cut back.

The 47 are on top of 1,200 employers previously put on the watch list, said the Ministry of Manpower (MOM) yesterday.

Its update comes amid concerns from local job seekers that they are not getting a fair deal in a tough job market, and that some employers are biased against Singaporeans.

Of the newcomers, 18 have foreigners comprising more than half of their professional, manager, executive and technician (PMET) workforce. In addition, 30 of the employers from the financial and professional service sectors have a high concentration of PMETs from single nationalities.

These practices are a serious concern amid the Covid-19 pandemic, given that the overall unemployment rate rose to 2.9 per cent last month, the highest in more than a decade.

The FCF was introduced in 2014 to maintain a strong Singaporean core in PMET jobs, and sets out requirements for employers to consider the local workforce fairly for job opportunities.

Of the 47 employers newly placed on the watch list, 30 are in financial services and professional services, with the rest in administrative and support services, manufacturing and education. They vary in size, include banks, fund managers and management consulting firms, and the largest has almost 2,000 PMETs.

"While these firms were supporting local PMET employment, their workforce profiles raise concerns when compared to industry peers," said MOM, explaining that they had an exceptionally high proportion of foreign PMETs compared with their industry peers.

In one wealth management firm, almost three quarters were of the same nationality. In a bank, almost two-thirds were of the same nationality.

In addition to the 47 employers, MOM has identified another 240 for further investigation of possible pre-selection of foreigners, or not adhering to the spirit of FCF job advertising requirements.

NTUC assistant secretary-general Patrick Tay welcomed the "concrete" action, saying "such malpractices still abound". He called for "more robust measures such as publishing the names of these errant companies on the watch list".

Since 2016, 3,200 EP applications have been rejected or withheld by MOM, or withdrawn by the employers placed on the watch list. These employers have since hired more than 4,800 Singaporean PMETs.

"We will subject their hiring to closer scrutiny to ensure that there is no nationality bias against locals, which is unacceptable and not in line with fair, merit-based hiring," said the ministry.

Manpower Minister Josephine Teo gave notice in January that employers would face stiffer penalties for discriminatory hiring practices, and could be prosecuted in court if they make false declarations on fair hiring consideration.

Errant employers will not be able to renew the work passes of existing employees during a debarment period. They also cannot apply for new work passes for at least 12 months - up from the previous minimum of six months. The debarment period can extend to 24 months for egregious cases.

MOM said that in these challenging times, "we will be extra vigilant against unfair hiring, to ensure that local job seekers are treated fairly".

It urged people to report specific instances of discriminatory behaviour, adding that whistle-blowers' identity will be kept confidential.

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???

 

[Annunaki]

 

[birdie69]

juz name dose coys ... y hide? ...

MOM should publicise these company name and shame them, we all Singaporean may boycott these companies till they repatriate all the CECA PMET

 

[batman1]

MOM sleeping ?MOM Pretend don't know ? Reduce your votes from 61% to 49 % then only u will wake up .

 

[Black Swan]

LHL said the FT are here to create jobs for local!

 

[Pinkieslut]

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."

 

[kaninabuchaojibye]

fuck pap
fuck all these pap ministars dead dead including all their family members

 

[Confuseous]

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.

 

[Confuseous]

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."

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.

 

[frenchbriefs]

what can u say?sinkies prefer working grab,deliveroo and security guards

 

[frenchbriefs]

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.

 

[mojito]

That they did not say how many have been prosecuted tells you everything.
Case closed.

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.

 

[A Singaporean]

The 61% are of course always happier than the brain dead retard 39% like you.

61% are fucking stupid and now got fucked deep deep

 

[A Singaporean]

The only way is to vote out the fucking PAP with their running dogs.

 

[Loofydralb]

N.A.T.O.

You will see absolutely ZERO action taken.

Sinkies are a dumb bunch.

 

[SalahParking]

Why nobody cite Standturd ChaReTard

 

[Leckmichamarsch]

Close my eyes also know which bank has many Foreigner Staff from INDIA. DBS .

chief is ex ceca
hires lots of same asses now in Changi Biz Hub n MBFC..........now shitizen but betrays sg cause

 

[Leckmichamarsch]

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?

 

[JohnTan]

There's too many jiuhukias working in our local banks. I don't trust them. Please fire the jiuhukias and replace them with brahmins.