Thursday, December 1, 2011

eNewsletter: A summary of bad bonuses

eFC.com
Hiring and pay trends in banking, finance and securities 01 December 2011
TOP STORIES
A rather depressing summary of bad bonuses forecasts in Singapore, Shanghai and Hong Kong
Bank bonuses seem to be universally shrinking. Asia, often cited as the engine of growth for many firms, isn't impervious to suddenly skinnier payouts either. Even front-office staff – the revenue-generators who are typically well compensated – will be hard hit by the bonus crackdown.
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The Runaway MBA: Singapore should "grow up" and be more welcoming of foreign financial talent
Dozens of people from well-respected international financial institutions told me stories about being transferred to Singapore only to find that their boss is 'anti-expat' and prefers to hire under-qualified locals to fill other roles in their team.
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Guest Comment: The only way to succeed in finance is by playing nasty office politics - here's what I've seen and learnt
If there is ever a poignant piece of advice that university lecturers and textbooks failed to warn me about upon graduating and entering the workforce, it is the fundamentals of office politics. Not long after finding my feet in my new professional environment, I learnt pretty quickly that sometimes it's the brownnosing and “who you know, not what you know” ticket that guarantees movement up the corporate ladder.
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The awful job market is now pushing people out of banking
Bleak prospects in the banking industry are making some people contemplate a career change. A few employees, especially those in the middle and back office, are now even thinking the previously unthinkable – leaving banking altogether.
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So the interviewer asks "why do you want a new job"? Here are five stupid replies that are killing candidates' chances
“I don't like my current boss”. You can't say this directly. It is unethical. Bad mouthing a boss will make a candidate look bad. It indicates that a candidate might have an attitude problem and that he/she may not have the skills to manage the expectations of different people.
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