Every benefit program continues to be devalued. Name your favorite benefit back in the day.
21 replies (most recent on top)
@bfa+17oE4KsM We have smart colleagues.. to ensure that the hourly pay remained the same. While you have no control on the numerator, you can control the denominator! Lawl!
being able to order lunch from a human being
Who said LTSA will be cut.. come on! At the very worse, I will work 5% less during my WFH hours..
@qqb+17oE4KsM amazing that the captain of the ship is jumping off the deck.. good luck to colleague over there!
Long Term Savings Allowance is a Singapore specific benefit. Believe that many years ago we did away with pensions (legally not required in SG and not as culturally embraced as in other regions) and replaced it with the LTSA.
It's essentially a 5% cash top up to the monthly pay.
LCM just sent out a note last week stating that the LTSA is under review for 2021, amongst other things.
While the message was negative, the note was the only note since the covid outbreak to address legitimate employee concerns upfront (fixed bonus for 2020 kept intact). Which of course is unlike the multiple townhalls that just spewed rehearsed, useless BS.
Bless you Gan and sincerely, have a good retirement.
I agree with the previous caller. Most benefits need to be slashed. I work with plenty of expat assignment addict non-productive greedy employees. There are many spit worthy expat extra money wanting junkies. Case in example: look at all the a hos in BTC India. Every one of those are jerks of highest kind. Other than these Houston based expated to Indian in which we have many Indian greedy fellows, we have European, Australian greedy expat members everywhere in US and US jerks in South East Asia.
list is endless!
Long Term Savings Allowance Is a benefit in what country?
Long Term Savings Allowance - 5% cash allowance based on monthly base salary. While I’m still getting it today, I think this is on the table for cuts... hopefully NOT!
Hey troll if you do not like oil and gas don’t use it. We exist because you use our product.
We have an active troll tonight.
Congratulations. Well deserved cuts and significantly more cuts in the pipeline is what the world hopes.
All future cuts in benefits are well earned by the employees.
I always wonder who we benchmark against. Also wonder if different companies are used for management and worker bees.
We benchmarked and are still competitive. Race to the bottom more like.
Watch out if the company moves you. They no longer count any work you have done on your house after purchase when establishing home sale loss.
A year or so ago most expat premiums were cut in half. Now there aren’t even any expat opportunities and likely won’t be again.
A company in decline in an industry in decline. Get out while you can.
Wow. I hadn’t stopped to think about this but you are right. Every thing I can think of has gotten progressively worse even before COVID
They cut or cost of living adjustment the same month oil prices dropped. The letter from S&D when I took the assignment didn’t include any fine print saying they could do that. Management had also promised in writing it would continue. Pretty c-appy if you ask me since prices are higher here.
Health insurance costs continue to rise while coverage is diminished. Likely to accelerate this year. Multi year trend down.
Education refund was awesome when I joined. Many people used it to get MBAs and then left. Rather than figure out why people were leaving Management cut the benefit.
401k match taken away. Basically a 7% reduction in pay.