| Yesterday 11:46 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
I think you might have overlooked the other hires, but you could observe from your firm's situation.
In a forum post, someone mentioned starting work in the early 2000s, with both sinkie and jhk hires. Over time, sinkies became less willing to put in long hours, leading to mostly jhk fresh grads now. (It somehow halted the progression toward a more balanced work-life balance culture)
there are plenty of other foreign graduates who would gladly take on the role for the same pay. the company can still run smoothly without solely relying on fresh graduates from local universities. So the theory doesn’t work
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It's not just about overlooking other candidates.
Local university graduates are hesitant to join the audit industry, possibly in protest against long hours and poor work-life balance.
What these graduates desire is for employers to show humility toward them.
However, the Big4 firms continue to display arrogance. They believe that by simply "throwing money" and increasing the salary for A1 positions, they can solve this deep-seated problem. If hiring foreigners can resolve the issue, they should go ahead and hire all foreigners.
Even foreigners from Kuala Lumpur are complaining about the lack of manpower and burnout. Even they need support from local university graduates.
Nevertheless, local university graduates have numerous opportunities everywhere.
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| Yesterday 11:31 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
Maybe new hires should check if the $4.1k comes with a bonus. How do you think they are going to fund the increase?
1) Reduce bonuses (existing bonuses are on average 1 month).
2) Hire fewer staff but increase the average workload per staff.
Without the bonus, the increase compared to last time is only $200-300 more on average. The increase should be focused on matching the average market pay ($4.3k) for local fresh graduates, not because it's compensation for the higher workload.
Now the existing situation is:
- Many auditors (usually local seniors) want to exit, but the market is not good or opportunities are less desirable compared to the past. The workload has also increased for the same rank over the years.
- Competition with foreign talents makes it more difficult to command higher pay. To others, it's 20k+ RM, which can afford a luxurious lifestyle in Malaysia, but here in SGD, you can at most eat cai fan and afford HDB.
- There's quite a negative perception of ex-auditors. I don’t know if it’s because of the mass hiring of foreigners, toxic culture, or something else. potentially making it more difficult to get hired for commercial roles.
- Existing local associates (especially those in their second year) will start to put in less effort in their jobs because they don’t intend to stay long. To cut losses, most exit even before reaching senior. Fresh graduate jobs are paying $4.5k at banks, and CA has no relevance in banking.
- On the topic of CA, the paper seems to carry less value now with the many exemptions. Is the 3 year grind in the company worth it when recruiters seem to have less preference for auditors nowadays?
- For work life balance, the current assoc batch prefers not working on weekends and public holidays. If you want to define the extent of over-working, I think you can refer to the numerous posts by auditors mentioning that they want to complain to MOM. But unfortunately, we are blue collar in disguise and are not covered under the MOM Act.
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You have pointed out the problems in this industry
What solutions you have?
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| Yesterday 11:31 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
What happens if there are no local graduates want to join the audit industry?
Then this "Never mind, limpeh throw money at your face lor!!" theory will need to be adopted right?
If nobody wants to join, then u have to increase the $4.1K to $6K for A1 leh
"Limpeh" put $6K, I don't believe you all fresh graduates don't want work!!
Sure will have taker right?
Unless u say all these local uni graduates all come from well-to-do family and their family don't need them to work?
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I think you might have overlooked the other hires, but you could observe from your firm's situation.
In a forum post, someone mentioned starting work in the early 2000s, with both sinkie and jhk hires. Over time, sinkies became less willing to put in long hours, leading to mostly jhk fresh grads now. (It somehow halted the progression toward a more balanced work-life balance culture)
there are plenty of other foreign graduates who would gladly take on the role for the same pay. the company can still run smoothly without solely relying on fresh graduates from local universities. So the theory doesn’t work
|
| Yesterday 11:12 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
Nope don’t think they are generous.
It happens in big 4 audit also. The people born before 2000 tank lor
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Those 40 years want to tank meh
They got elderly parents to take care
They got young kids to take care
Obviously, this industry need young blood and young people to go out fight and do the vouching work
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| Yesterday 11:11 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
Nope don’t think they are generous.
It happens in big 4 audit also. The people born before 2000 tank lor
|
What happens if there are no local graduates want to join the audit industry?
Then this "Never mind, limpeh throw money at your face lor!!" theory will need to be adopted right?
If nobody wants to join, then u have to increase the $4.1K to $6K for A1 leh
"Limpeh" put $6K, I don't believe you all fresh graduates don't want work!!
Sure will have taker right?
Unless u say all these local uni graduates all come from well-to-do family and their family don't need them to work?
|
| Yesterday 10:47 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
Limpeh = Big4/ACRA/ISCA/AWRC/Audit industry (whatever u called)
Yeah Gen Z is more keen on WLB. But people born after the 2000s want to go home on the dot and do stuff in their own life. Like go dating, dinner, sort out their things at home. Accompanied famuly.
But the naysayers sure say where got so good life? want really good money + WLB?
usually WLB = no good money.
Limpeh sure think otherwise...If still dun want work OT for me right...nevermind limpeh throw money up to 6k, limpeh see if you want OT for me
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Nope don’t think they are generous.
It happens in big 4 audit also. The people born before 2000 tank lor
|
| Yesterday 10:40 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
I think the last time people mass resigned was because they said their working hours were so long (OT until very) but the salary is normal as compared to outside. That's why resign
But now, "limpeh" throws you more money at your face with $4.1K as A1...you don't tell me you still want to mass resign?
Is it because people want money + WLB (combo) too?
|
Maybe new hires should check if the $4.1k comes with a bonus. How do you think they are going to fund the increase?
1) Reduce bonuses (existing bonuses are on average 1 month).
2) Hire fewer staff but increase the average workload per staff.
Without the bonus, the increase compared to last time is only $200-300 more on average. The increase should be focused on matching the average market pay ($4.3k) for local fresh graduates, not because it's compensation for the higher workload.
Now the existing situation is:
- Many auditors (usually local seniors) want to exit, but the market is not good or opportunities are less desirable compared to the past. The workload has also increased for the same rank over the years.
- Competition with foreign talents makes it more difficult to command higher pay. To others, it's 20k+ RM, which can afford a luxurious lifestyle in Malaysia, but here in SGD, you can at most eat cai fan and afford HDB.
- There's quite a negative perception of ex-auditors. I don’t know if it’s because of the mass hiring of foreigners, toxic culture, or something else. potentially making it more difficult to get hired for commercial roles.
- Existing local associates (especially those in their second year) will start to put in less effort in their jobs because they don’t intend to stay long. To cut losses, most exit even before reaching senior. Fresh graduate jobs are paying $4.5k at banks, and CA has no relevance in banking.
- On the topic of CA, the paper seems to carry less value now with the many exemptions. Is the 3 year grind in the company worth it when recruiters seem to have less preference for auditors nowadays?
- For work life balance, the current assoc batch prefers not working on weekends and public holidays. If you want to define the extent of over-working, I think you can refer to the numerous posts by auditors mentioning that they want to complain to MOM. But unfortunately, we are blue collar in disguise and are not covered under the MOM Act.
|
| Yesterday 10:34 PM |
| Unregistered |
After observing the gen z interns in my firm (MNC, good pay for interns ,40% of full time)
Let me just warn u they can just dao ur msg for 1 day and reply u at 530pm, tell u need to go for some family gathering and left u with a 10% done report due the same day
|
| Yesterday 10:06 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
I haven’t heard of mass resignation this year yet lol.
But it remains to be seen if this 4.1k is able to attract good staff.
Gen Z is keen on WLB… pay 4k doesn’t mean they will be willing to OT to 8pm for you.
|
Limpeh = Big4/ACRA/ISCA/AWRC/Audit industry (whatever u called)
Yeah Gen Z is more keen on WLB. But people born after the 2000s want to go home on the dot and do stuff in their own life. Like go dating, dinner, sort out their things at home. Accompanied famuly.
But the naysayers sure say where got so good life? want really good money + WLB?
usually WLB = no good money.
Limpeh sure think otherwise...If still dun want work OT for me right...nevermind limpeh throw money up to 6k, limpeh see if you want OT for me
|
| Yesterday 09:51 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
I think the last time people mass resigned was because they said their working hours were so long (OT until very) but the salary is normal as compared to outside. That's why resign
But now, "limpeh" throws you more money at your face with $4.1K as A1...you don't tell me you still want to mass resign?
Is it because people want money + WLB (combo) too?
|
I haven’t heard of mass resignation this year yet lol.
But it remains to be seen if this 4.1k is able to attract good staff.
Gen Z is keen on WLB… pay 4k doesn’t mean they will be willing to OT to 8pm for you.
|
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