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I was retrenched back in Oct 2011 and have not being able to find a salaried job. since.
I was an equities trader with a Japanese investment firm for four years and was asked to leave after they replaced my Japanese boss with a much younger Singaporean.
We didn’t see eye to eye on many issues and soon my appraisal took a real beating without me knowing about it until it was too late.
I am 49, and he is 40, and I guess he felt threatened with me around because he couldn’t push me around like he did with the younger ones in the team.
Hence, the point that I am trying to put across is that sometimes older people like myself cannot find work because the hiring manager is much younger and not necessarily a foreigner.
So our locals do play a big part also in boosting the unemployment figures among the older Singaporeans.
We need to emulate Japan. They have an ageing population but they have a good seniority culture in their system to ensure that older people get to keep their jobs.
We must introduce that culture into our society and do it fast. Otherwise, when more and more young people in their 20′s and 30′s become line managers and head of departments, our older citizens will face terrible consequences.
Anyway, I would appreciate if you can point me to a place where there are real job opportunities for matured professionals like me.
I have tried applying for junior positions in finance industry which i am more than qualified but have not received a single reply.
I had work hard for my pay. Always on time and only leaves after everything has been done. Mentored younger subordinates and took all the raps for their mistakes.
So hence, I do not deserve to end up as a taxi driver…
Thanks for your mail and sorry to hear of your predicament at work.
I am also alarmed at the circumstances surrounding your dismissal – have you seek the advice of MOM officers?
Its true that Singapore is very age-bias against older workers as if they are useless once they reach a certain age.
Thats probably the eason why many experienced well educated PMETs take to driving cabs in order to survive.
Of course, some younger bosses felt threatened by their more senior older sub ordinates and may resort to drastic mesures to remove that threat to their position.
Besides the many government-sponsored upgrading programmes on healthcare and construction sectors, I am unsure how you can really do a proper career switch here as our employment environment is rather narrow-based.
Moreever, after upgrading, there is no guarantee that you can find a proper job and if you do so, the salary may be very low as you literally start from scratch.
Another way is to look at opportunities abroad as I heard that third world countries like Vietnam and Myarmar are keen to hire experienced Singaporean PMETs like yourself for managerial positions in their companies.
Its actually ironical that we are better appreciated by companies located abroad than local ones.
We also have occasional enquiries from employers asking for jobless PMETs to take up certain vacancies locally.
So its best that you can forward me your resume so that I know whether it has match our positions available.
The job market has indeed changed alot and even masters degree holders have to drive cabs now.
The influx of younger and cheaper third world graduates means that many of our jobs are being taken over by foreigners nowadays.
Its certainly worrying and discouraging but sometimes there is no other viable choice available.
Many drive cabs unwillingly as they have being searching for jobs for many months without any success and moreover cab driving is rather independent and flexible.
You are like y our own boss…
One could earn close to $2500 if he drives seven days a week for around 10 hours daily.
Its a good stop-gap temporary job before you land a proper job of your desire.
Can I also provide a career coach to you for guidance?
Its free of charge for Singaporeans. Let me know.
I have also attach my ebook How to survive unemployment for your reading pleasure.
Thanks and take care. Stay positive.
We are here for you.