Retrenchment is a process where companies let their employees go because of redundancy or the company’s inability to keep their staff because of financial challenges. Retrenchment happens every day in the modern world, and it has increased its rates recently due to the Covid-19 pandemic. Retrenchment does not only happen to people around you; it might happen to you too. It would be great to sit down and think about what would happen to your loved ones if you lost
Singapore is in its worst recession since her independence and retrenchment figures are climbing up. For those who are retrenched, initial negativity and shock inevitably surface. Here is how you can manage the emotional impact to ensure that you can stay in the game, and hopefully land a job that is just around the corner. Keep Your Spirits Up A gamut of emotions often accompanies a retrenchment; ranging from shock and denial to the final stage of acceptance and relief.
** PRESS RELEASE ** While banking and finance professionals are still struggling with a decline in demand, Singapore and the Philippines are likely to see some pick-up in 2016. 22nd DECEMBER 2015 – According to the latest Monster Employment Index (MEI), Singapore, Malaysia and Philippines experienced a drop in demand for banking professionals amid the volatile economic conditions in November. Across the three markets surveyed by the Index, the Philippines reported the least year-over-year decline at -3%, down from October’s
We frequently hear of the word “economics” in papers or conversations, but how useful or applicable is this course of study to the real world? Understanding economics is in reality fundamental to understanding the price movements of every single good and service in our economy. It is the aggregation of the demand and supply forces. Indeed, when we see the airfare skyrockets after the end of school term, it is economics at work. Huge travel demand outweighing limited supply of