Quote:
Originally Posted by Unregistered
For those who have high salaries and have been working in a bank for some time, based on your observations and experiences, how easily does an individual get retrenched from a bank (perhaps, looking at the economy in the last 10-15 years)?
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Retrenchment means your position is being eliminated because of business restructuring, which means the bank can’t immediate hire your replacement.
However, there is a big “juniorization” trend in the past few years where they tend to replace older more experienced staff with cheaper junior staff. As your pay goes up, you need to be more ready for the axe. It’s the sad reality.