Latest Insights

Stage 4: Reflection of The Break-Up Series

October 15, 2019

Reflection


As we progress through the different stages of emotions, each article (Shock & Disbelief, Denial & Guilt, Anger & Bargaining) analyses the pull-and-push between both employee and employer, as they struggle to reach a compromise, mutual understanding or at least empathy for their situation.


However, when either party decides to throw in the towel, then all heated conversation ceases and it transits into a new zone – the reflection zone. Whether it’s employers experiencing abrupt departures or employees pondering how to be tactful before they throw the letter, we cover questions commonly posed by both parties and what is the next course of action to address the elephant in the room.

Who’s to blame – the employer or employee? 


1. Salaries


Employees:


“What would be a reasonable amount to ask for my next move?” 


“What value can I bring to my next employer?”


Employers:


“Are our compensation structures competitive in the market?”


“Are there any other form of intangible benefits we can provide to existing and new employees to promote staff retention?”


Your next step:


Collectively, it’s always beneficial to speak to a trusted recruiter that is familiar with your field of work to give you an update on the market – behaviours and trends, salary bands, movements, etc. As the market evolves and gets increasingly competitive, average salaries are bound to climb higher, as skilled candidates in the search for a better compensation package seek out willing firms to accommodate.

 

Beyond the dollars and cents, intangible benefits (e.g firms offering various formulas to achieve work-life-balance, fantastic insurance coverage, flexible hours, Friday chill o’clock, etc) are enticing benefits to attract new blood. In particular, millennials are increasingly prioritising growth, impact and autonomy over just a stable paycheck – and will gravitate towards firms that empower them in the same ideals. 

2. Under-appreciated work


Employees:


“How would I like my next employer to appreciate my work?”


“How do I appreciate my next employer?”


Employers:


“Why do my employees feel under-appreciated?”


“How can I appreciate my employees better so that I can retain them?”


Your next step:


Just like the different love languages, not everyone “receives” or “gives” in the same way, and hence, trust takes time! Many times, it may be neither party’s fault but the lack of understanding towards each other’s communication methods. There’s a multitude of factors that go beyond human resource protocols and metrics: the employee’s perception of the message, the method of relaying the message by the employer, the varying personalities and ways of processing etc. 


Similar to how every business has a targeted group of clients, likewise, it’s just a matter of finding the right group of employees and employers to gather to bring the business forward – as one unit even with the great diversity. 

3. Under-appreciated work


Employees:


“How would I like my next employer to appreciate my work?”


“How do I appreciate my next employer?”


Employers:


“Why do my employees feel under-appreciated?”


“How can I appreciate my employees better so that I can retain them?”


Your next step:


Just like the different love languages, not everyone “receives” or “gives” in the same way, and hence, trust takes time! Many times, it may be neither party’s fault but the lack of understanding towards each other’s communication methods. There’s a multitude of factors that go beyond human resource protocols and metrics: the employee’s perception of the message, the method of relaying the message by the employer, the varying personalities and ways of processing etc. 


Similar to how every business has a targeted group of clients, likewise, it’s just a matter of finding the right group of employees and employers to gather to bring the business forward – as one unit even with the great diversity. 

4. Mismatched Expectations


Employees:


“How can I ensure that the next role is aligned to my career interests?”


“How do I communicate my career expectations properly?


“How can I qualify for the job during my interview with the employer? What sort of questions should I ask?


Employers:


“How do I communicate the business’s/ role expectations properly?”


“What profiles other than what I initially thought would be a good fit, can fit and operate this role?”


Your next step:


Communication is king! It might be a bit late to salvage things with your existing employer/employee, but it’s a critical point to take note for the next person. Setting the right expectations at the beginning is akin to a solid foundation that every house needs before anything can be built. Assumption can destroy potentially great working relationships, and make even the most motivated employee disillusioned after a while.


As for employees, even if employers do not ask you about your expectations, make it a point to proactively find opportunities to make the first move – it may be awkward but it will save you a lot of heartache in the future! 

5. Role Redundancy


Employees:


“Who do I speak to regarding my next career move?”


Employers:


“Who can I speak to now that my business is winding up?”


Your next step:


Your trusted recruiter (whether as a candidate or as a client) should be your go-to person to understand the existing situation on hand. For candidates that have been made redundant, get in touch with our industry specialists in Funds Partnership Asia for exclusive opportunities across the various jurisdictions.



Whether you’re looking to inject new funds into your business or in need of a business introduction, we recommend speaking to Ayyaz Ahmad and Robert Hayward for expert introductions as part of Funds Partnership’s expert introduction service.


Stay tuned to Part 5: Working Through It in the next part of our series!

Share This Article

Articles You May Like

By Diana Teh January 27, 2025
As Chinese New Year approaches, many leaders in Hong Kong and Singapore’s hedge fund and asset management space are looking ahead to a fast-paced, transformative 2025.
By Diana Teh January 24, 2025
Leading a financial institution in Hong Kong or Singapore? You’ve likely felt the mounting pressure. Between digital banking, new regulatory frameworks, and ESG requirements, it’s easy to feel overwhelmed. If you’re asking, "Where do I find the specialised talent I need for tomorrow—while managing today's demands?" you're not alone.
By Diana Teh January 23, 2025
As the financial landscape continues to evolve in 2025, one thing is clear: hiring the right talent isn’t just about filling roles—it’s about aligning people with your organisation’s vision and long-term strategy.
By Diana Teh January 22, 2025
Beyond the headline challenges of economic growth and geopolitics, several overlooked issues could significantly impact Hong Kong and Singapore’s financial sectors this year.
By Lyn Thum January 21, 2025
I recently attended the 18th EY Singapore Alternative Fund Symposium on 15 January 2025. The symposium featured various panels, fireside chats, and presentations from industry leaders, covering a wide range of topics relevant to the alternative investment sector in 2025.
By Diana Teh January 27, 2025
As Chinese New Year approaches, many leaders in Hong Kong and Singapore’s hedge fund and asset management space are looking ahead to a fast-paced, transformative 2025.
By Diana Teh January 24, 2025
Leading a financial institution in Hong Kong or Singapore? You’ve likely felt the mounting pressure. Between digital banking, new regulatory frameworks, and ESG requirements, it’s easy to feel overwhelmed. If you’re asking, "Where do I find the specialised talent I need for tomorrow—while managing today's demands?" you're not alone.
By Diana Teh January 23, 2025
As the financial landscape continues to evolve in 2025, one thing is clear: hiring the right talent isn’t just about filling roles—it’s about aligning people with your organisation’s vision and long-term strategy.
By Diana Teh January 22, 2025
Beyond the headline challenges of economic growth and geopolitics, several overlooked issues could significantly impact Hong Kong and Singapore’s financial sectors this year.
By Lyn Thum January 21, 2025
I recently attended the 18th EY Singapore Alternative Fund Symposium on 15 January 2025. The symposium featured various panels, fireside chats, and presentations from industry leaders, covering a wide range of topics relevant to the alternative investment sector in 2025.
By Diana Teh January 20, 2025
Hong Kong remains a thriving hub for global financial markets, and as we move into 2025, its dynamism is undeniable. As a recruitment consultant, I’ve seen firsthand how the right talent strategies can shape success in this fast-paced industry. 
By Su Ling Lew November 22, 2024
The year 2024 has seen the Asian real estate market undergoing major changes, influenced by changing economic conditions, a rising focus on sustainability, and the market's shifting dynamics.
By Su Ling Lew November 14, 2024
Whether it’s a boutique firm or a large MNC, I’ve seen firsthand how essential culture fit is for long-term success.
By Jacqueline Lee October 28, 2024
Innovations in technology, evolving patient expectations, and global challenges are driving rapid transformations in the healthcare and pharmaceutical sectors, leading private equity firms to focus on investing in businesses that will shape the future of medicine.
By Hui Shuen Lim October 21, 2024
With RM1 billion set aside for local talent development and a whopping US$16.9 billion in investments attracted from global giants, Malaysia is positioning itself as a major player in the tech and digital space.
More Posts
Share by: