Toxic Sinking Ship in Sunset Industry! DO NOT JOIN!! WARNING TO ALL!!!!
Pros
Pros Free MCs that you can take if you feel sick and tired of your incompetent managers and bosses Work is a no brainer here. Therefore, you have a lot of free time to pursue your interests. Improve yourself or binge watch squid game. The highway or the quicksand! Its entirely up to you! 300 SGD of resilience allowance for staff till year end! Very generous from a cheapskate management that wants justification for tissue paper claims. I wonder is this because of the very high number of resignations + competitors coming to Singapore to poach their staff? Hmmmmmmm For those working at Sims Lane, Sims Vista Market has very nice and affordable food! Try the duck rice or the carrot cake there. (Might be your only option given your 20-30% lower than industry salary) For those who need to OT, you are eligible to get one free packet of tze char rice packet. Thank your generous Managing director! Great colleagues here in general. The low salary and incentives make fighting or competing for anything here futile. Your greatest takeaway from this cesspit will be the colleagues you meet. Chances are that the more capable ones (usually fresh grads with no working experience) will end up in some big company and pull you over. The 2-hour lunch will be spent with them trying to brainstorm ways to leave PSPL. Flat hierarchy and working level colleagues here generally treat each other with kindness and respect. Managers here are generally helpful and nice with no airs. (With the exception of some very nasty people) Chairman is sharp and logical. He is probably the only visionary you can learn something from. BUT PLEASE READ ON!
Cons
Cons This will be the main course. I will use Phillip Capital’s Corporate code to describe my experience with this company. 1) Man is created in God’s image and therefore has tremendous potential Yes agree. But your God given potential will be wasted in Phillip. Frankly, a lot of what you do in Phillip Capital will not be recognized outside. Your managers will ask you to undertake many projects to get higher increment and bonuses. So newcomers, please pick your tasks wisely. Ask yourself if this task can be carried forward and compounded upon. Chances are your work will be menial and low value. If you choose to do more projects because of higher bonus and increment, you are only shortchanging yourself as there are really a lot of better offers out there. The bonus is only a drug to keep you in Phillip and gives you the illusion that you are treasured and valued. My managers were not role models and I could not look up to them. They were insecure and looked to withhold information from their workers worrying that they will surpass them or steal their rice bowl. Quite frankly, I don’t think they can even leave Phillip capital for a better offer. Phillip Capital is the epitome of a local nasty cheapskate SME. Every extra second you spend here you are wasting your human potential. Get out for better exposure and training. What training have you given your staff to help them unleash their human potential? Any sales training? For those people doing B2B or B2C, is there anyone to train you? CRM training? Do you have a proper curriculum to train your staff? NOPE. Only give 50% of information to your staff and get them to figure the rest out? YEPPPP (Refer to point 2 as well) 2) We prevail upon man to develop his gifts by provided opportunities in training, service and responsibility Yes Yes. You overload them with tasks that have no value outside of your small well. (Please refer to point 1). Managers asking you to defer gratification, work harder and take on more responsibility so they can push work to you while they enjoy their free time cycling and running outdoors. Asking your staff to defergratification is no different from a cheapskate asking a freelancer to work for exposure. The more capable staff will be overloaded with work while your comfort zone manager’s hold back information from you in fear that you overtake them and load you with work. The cruisers and slackers will be paid the same as you or slightly lesser than you. And guess what? Don’t be surprised if your increment is only $100-$150 (Please refer to point 4) What training? Courses that you are allowed to attend must be below 500 SGD. What can you learn besides collecting a piece of cert that is only good as a food mat for your hor fun. You creating some wall of fame for learners only encourages cert collectors not people who can apply what they learnt. Your systems are outdated and offer no training to your staff. Garbage in garbage out no? Most of the capable talented people have already left the company. Therefore, there will very few if not no one to train you. Don’t waste your time with this company. 3) We uphold integrity in our conduct. Honesty is telling the truth; Integrity is fulfilling the truth Yes. Honesty is telling the truth. I love how honest Chairman is. Like how Chairman berated an entire audience of new staff saying that their low salary is justified because you are a monkey that’s why you are being paid peanuts and not the other way around.(Pay peanuts you get monkeys)How many times has Chairman shouted at people calling them degrading names and terms? So much honest truths I guess. Speaking of telling the truth, Chairman once asked a female staff if she is married or is she attached. The staff replied no, and Chairman said that it was because she was ugly in front of all the people in the meeting room. (Verify this fact with your seniors) Woohooooo! I hear that the license fee for dealers is now a few hundred bucks. So why make your staff pay 2.5k to 5k for breaking bond when the amount is no longer the same? Where is the integrity and honesty? How about the money you paid out in 2020 citing to motivate staff but actually came from the government subsidy to retain workers? Why aren’t you open with your staff? I personally loved how managers of Phillip would meet up and rehearse before department meetings like some professional wrestling soap opera. These people will prepare questions that they themselves will answer with the agenda of hoodwinking the boomer directors. Department meetings are like standup comedy to me. Since WFH is the default, you may want to get some popcorn and food. It’s just that affording high quality popcorn may be difficult because of the low pay. So much for honesty and integrity. TBH I don’t blame the managers. The root cause is that the rot has already to set in and started from the top. 4) We believe in process of deferred gratification that rewards comes only after performance. A work well done brings intrinsic satisfaction My favorite part of the corporate ethos! I see managers waiting >5-10 years for their deferred gratification and only paid slightly higher than fresh grads in similar industries. Wonder when will it come? Don’t be shell shocked when you receive $100 increment and your managers tell you to take on more projects and defer gratification while they take the lion share of the bonus pool (Refer to Point 2) I implore current staff to ask the question of how much of the earnings from the company is being reinvested back into the company or taken out by the “family”. Is that your staff’s deferred gratification or your instant gratification at your staff’s expense in terms of property and overseas listed companies? hmmmmm If deferred gratification is what you seek, why ask your underpaid overworked IT team to build platforms from scratch when they are already available to buy off the shelf? How much are you reinvesting in your own company and staff? Hypocrisy all over. 5) We prefer to build business rather than trade and therefore would go for the long haul Yes. Agreed. Like how you don’t invest in your staff nor reinvest back into the business and get your understaffed IT team to build applications from scratch. Your IT is in a mess resulting in competitors being able to steal your market share. Could this be that wise chairman already knows that this is a sunset industry and therefore is trying to milk the company as long as he can? (Just my assumption)(Refer to point 4) 6) We see ourselves as stewards to one another, to our families, to our community and to our environment Yes, like the stacks of paper you have in your offices. It reminds me of the 1980s. People should check out their remiser’s office. Stepping into the remisers office is like going back into the 1980s. Boomer music and stacks of zaobaos all over. So much for being a steward for the environment. The papers in those rooms costed at least 20 trees. 7) We are our brother’s keepers There isn’t even a pantry in your office and even buying tissue paper claims get rejected by you. Ever heard of the horror stories of Phillip staff going on overseas trips? Claims taking 6 months, some being unable to claim their tickets,asking to justify why dint we take the cheapest airline, making us stay in dubious looking motels etc etc. Lets say I have a business trip in Bangkok, why not I take a bus to woodlands and walk over the johor train terminal, take the train to southern Thailand and tuk tuk all the way to Bangkok? If you were my keeper why do you keep stretching and packing my overseas curriculum to the brim? Are you trying to squeeze me like a sugarcane? Cheapskate max. So much for productivity and being my keeper. 8) We will play only positive sum games The only positive sum game I got from Phillip was the free MCs. The aircon was faulty and the room was very congested.
