Unemployed man willing to reduce pay 80%

[makapaaa]

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Coffeeshop Chit Chat - Unemployed man willing to reduce pay 80%</TD><TD id=msgunetc noWrap align=right>

Subscribe </TD></TR></TBODY></TABLE><TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE border=0 cellSpacing=0 cellPadding=0><TBODY><TR class=msghead><TD class=msgF width="1%" noWrap align=right>From: </TD><TD class=msgFname width="68%" noWrap>metalslug84 <NOBR></NOBR> </TD><TD class=msgDate width="30%" noWrap align=right>5:43 am </TD></TR><TR class=msghead><TD class=msgT height=20 width="1%" noWrap align=right>To: </TD><TD class=msgTname width="68%" noWrap>ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (1 of 16) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft rowSpan=4 width="1%"> </TD><TD class=wintiny noWrap align=right>16745.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>http://www.asiaone.com/Business/News/Office/Story/A1Story20090709-153789.html
Fri, Jul 10, 2009
AsiaOne

Unemployed man willing to reduce pay by 80%

He used to earn a five-figure monthly salary, but no one is willing to hire him now even though he is willing to settle for S$3,000 a month.

Mr Roland Ang, 52, told Shin Min Daily that he used to manage a hedge fund in an investment firm, but lost his job when his company folded last November.

He joined the finance department of a bank after serving national service, and worked his way up from an administrative assistant to department head, but his highest educational qualification stops at secondary school.


He also says that he was headhunted four times in the nineties, and commanded a pay of about $15,000 a month, not including annual bonuses. But he finds it hard, if not impossible to find a job now.

He and his wife have three children aged eight to 16, and they are also taking care of his 90-year-old mother.

Sends out 20-30 applications a month

Mr Roland Ang has been actively seeking employment, and sends out 20 to 30 job applications a month on average. He says he went for two interviews a month but was always unsuccessful.

He thinks that it is his lack of educational qualifications and age that is deterring employers.

"When they see that I have no university degree, they say they will contact me again but they never do. Even when I indicate that I am willing to lower my salary expectations to only S$3,000, which is the starting pay of a fresh grad.

"They say that I have too much experience. I don't understand, why don't companies want to employ an experienced staff who is willing to work for less pay? Isn't that a good thing? So I think that my age is a factor."

HR expert says...

Mr David Ang, Executive Director of the Singapore Human Resources Institute (SHRI) told Shin Min daily that employers should not view age and educational qualifications as critical factors when hiring.

He pointed out that they should give older workers a chance, meet them face to face to find out if their experience and skills are relevant before making a decision.

He also says that he empathises with Mr Ang's plight, but feels that offering to lower his pay does not help as companies generally pay according to the position and whether the applicant is willing to lower his expectations is not a factor in their hiring decision.

He also noted that Mr Ang may not have angled his resume and job applications to suit the requirements of the jobs he applied for.

"Companies receive a lot of job applications, if your resume does not have have any factor that captures the attention of the employer, it will be overlooked, so job seekers should customise each application to the job they are applying for."

He added that older job seekers who have ample experience, should not be discouraged although they may face rejection during the process of looking for a job, because employers who recognise their ability will hire them.
</TD></TR><TR><TD> </TD></TR></TBODY></TABLE><TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR><TD class=msgleft width="1%"> </TD><TD class=msgopt width="24%" noWrap> Options</TD><TD class=msgrde width="50%" noWrap align=middle> Reply</TD><TD class=wintiny width="25%" noWrap align=right> </TD></TR><TR><TD class=msgbfrbot> </TD><TD colSpan=3> </TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>

<!--PostMsgHTML--><SCRIPT language=JavaScript><!--if (adPosition == 1){ GA_googleFillSlot("DF_ROS_inline_BTF_1"); }//--></SCRIPT><!--/PostMsgHTML--><!--PreMsgHTML--><!--/PreMsgHTML--><TABLE class=msgtablealt cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE border=0 cellSpacing=0 cellPadding=0><TBODY><TR class=msghead><TD class=msgF width="1%" noWrap align=right>From: </TD><TD class=msgFname width="68%" noWrap>metalslug84 <NOBR></NOBR> </TD><TD class=msgDate width="30%" noWrap align=right>5:45 am </TD></TR><TR class=msghead><TD class=msgT height=20 width="1%" noWrap align=right>To: </TD><TD class=msgTname width="68%" noWrap>ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (2 of 16) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft rowSpan=4 width="1%"> </TD><TD class=wintiny noWrap align=right>16745.2 in reply to 16745.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt><TABLE style="WIDTH: 100%" class=Post cellSpacing=0 cellPadding=0><TBODY><TR><TD style="VERTICAL-ALIGN: top" align=left>Last time I used to agree with the gayman that Chee SJ is a nut.
Now, I think he deserved some credit for what he fight for.
Good job Singaporean.
As an ageing man, I begins to feel discriminations against Singaporean.

Is really sad but being a Singaporean I am being discriminated against
in my own country while the gayman welcome anyone with open
arms and increases own salary with no shame.


</TD></TR><TR><TD style="VERTICAL-ALIGN: top" align=left>Posted by: centurion at Fri Jul 10 20:26:43 SGT 2009
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[halsey02]

With that talent, he could just join PAP....guranteed renumeration, good bonuses & perks. Why didn't all the unemployed think of that?. PAP is the best employer in SIngapore...

 

[High Command]

1) Starting pay of $3k is on the high side for a fresh grad.

2) Most HR Dept if not all are lazy and use education level to do screening.

3) Most companies are worried that these highly qualified people will just jump ship when something better comes along.

Conclusion: He is screwed :(

 

[angie II]

"Do i look like 52 to you? Knn tell shitty times do anyhow use pics lah"




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[Leckmichamarsch]

With that talent, he could just join PAP....guranteed renumeration, good bonuses & perks. Why didn't all the unemployed think of that?. PAP is the best employer in SIngapore...

Din he know that his $15,000 was grossly over-paid for O-level?? :oIo:

 

[lifeafter41]

Din he know that his $15,000 was grossly over-paid for O-level?? :oIo:

It might take him quite a long time to get another job.
I hope that during the good times when he was gainfully employed, he has put away substantial savings to tide him through.

 

[Meltdown]

With the upcoming opening of the 2 IRs, he can always become an OKT!

 

[Leongsam]

If he was any good at managing finances, earning $15,000 pm would have enabled him to achieve financial independence in a relatively short period of time.

The fact that he needs a job now shows how useless he is when it comes to managing money. For that reason, I wouldn't hire him regardless of his age.

 

[congo9]

If he was any good at managing finances, earning $15,000 pm would have enabled him to achieve financial independence in a relatively short period of time.

The fact that he needs a job now shows how useless he is when it comes to managing money. For that reason, I wouldn't hire him regardless of his age.

As usual , you are still so MEAN !

 

[yellow_people]

As usual , you are still so MEAN !

Sam is just being blunt. Would you entrust a person to manage a company's hedge fund when that person is not able to manage his personal finances??

So what if he offers an 80% pay cut? The funds gets mismanaged and the retirees and investors find out they have lost everything and go whine at Hong Lim park while demanding the MAS step in and insist on compensation!!!

I think Mr Ang should look at another industry perhaps education. With his experience he could become a lecturer at MDIS or SMA, etc. The pay is not bad and you can pocket $300 to $400 per day conducting classes.

 

[Alamaking]

"Do i look like 52 to you? Knn tell shitty times do anyhow use pics lah"




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LOL, i was looking at the picture too, looks funny, hahaha

 

[Leongsam]

As usual , you are still so MEAN !

I'm just calling a spade a spade. Sometimes the truth hurts but that's life.

 

[Perspective]

I'm just calling a spade a spade. Sometimes the truth hurts but that's life.

Can't disagree with what you said. $15,000 per month would have given the man adequate savings. There's a Singapore saying that how much people earn is how much they spend.

 

[hockbeng]

I'm just calling a spade a spade. Sometimes the truth hurts but that's life.

why is it called a spade?

 

[boundThunter]

why is it called a spade?

Because it is black ?

 

[tonychat]

Can't disagree with what you said. $15,000 per month would have given the man adequate savings. There's a Singapore saying that how much people earn is how much they spend.

You give a fool $15,000. They just spend it away.