Pros
Can't think of any Pros but if really want to say: 1. Quite chill if you don't mind being underpaid. Oh ya also a lot of free MC can be utilized. 2. Can easily get promoted as long as your boss like you (since they do not have a clear or attainable KPI, they can anyhow change or inflate your KPI ) 3. Joining a "Good" name company which having "average rating" (Fake review rated by internal staff). 4. Let me think. I think don't have already! Oh ya maybe you can train your willpower by tanking extra work that does not give credit, let chairman calls you monkey and your boss brainwash you while giving you about $10 increment only...yes you never see it wrongly, it's roughly $10 increment for you while you see your team member who hit lower target than you but getting approximately $150 increment (although still pathetic). Admit it, your boss treat you like someone who asking people to donate you a few dollar for a meal. Remember, YOU ARE A BEG GIRL. Not just saying but proudly actioned by Phillip Securities.
Cons
1. Well known: Super low salary, bonus and increment - Actually the Human Capital (HR) and top management is really super "SMART" and incredibly "CLEVER". I really want to give them a big clap to compliment them. After the company realized that they having difficulties to attract new blood due to low paycheck, they decided to INCREASE NEW JOINER's SALARY close to par while MAINTAINS UNDERPAYING SALARY FOR THE CURRENT EMPLOYEES! New joiner who has lesser experience and do lesser thing but receiving higher pay than his/her senior. Guess what? Most of the experienced staff left the company, oops. Brilliant Brain Phillip Securities! Smartest move ever. - Based on my past observation, Phillip Securities will just lowball your salary as much as they can. 2. "Developing" people's future - When Phillip Securities is giving its employees low starting pay while the bonus and increment are so little, it is indirectly (actually it's directly) affecting your future career. A lot of good and talented employees are facing difficulties when they are searching for a new job. Those companies that did not know Phillip Securities is underpaying its staff will actually thinks that candidates from Phillip Securities are incapable by looking at their pay slip, which is a wrong perception. But Phillip Securities is the culprit who create this kind of false appearance as it is not rewarding its performers/good employees fairly. - Another impact is if even the candidates are getting a new job successfully, candidates have to accept the new job at lower salary as compare to their peers because previously got lowballed by Phillip Securities and yet the increment was so pathetic. Philip Securities is literally "Developing" your career from top to bottom. 3. Roti Prata culture (False Promise/ Anyhow Inflated KPI) - Bosses (HODs) tend to overpromise you something but never deliver their promises. (Perhaps it's not that they never keep their promise, but they need some time to deliver their promises~ maybe 2000 years later. Why can't you just wait? So young only but already impatient?) - During good earning years in 2019-2020, company's revenue spiked up and hit almost historical 10 years high due to high trading volume from customer (revenues including commissions charges/ trading profit) caused by pandemic. When everyone is over hitting the KPI, company suddenly inflate it's KPI to another unsustainable level. Reason (Excuses) being why is because we managed to hit the KPI is purely by luck due to pandemic, it's not our effort/capability. Hello, Directors, are you awake? Who do you think that are working non-stop to handle your high volume of customers' call/ trade/ order during pandemic? Also, during those normal or bad day back then before pandemic, when everyone is not hitting KPI for many years due to a lot of customer shift their trade to other companies, dear directors , have you adjust your KPI to a more reasonable level or do something to improve these kind of situation? Probably have, by shouting and scolding your staff. Well, during normal/bad day, the company never lower its KPI, when good day came and everyone hit their KPI then the company anyhow inflate it, awesome. Sounds so fair. 4. "Honest"/ "Very Honest"/ "Really Honest" - Boss will keep brainwashing their staff say that they can't control how much they allocate to your bonus or increment, it based on the employee's assessment (something like tiered by bad/below average/ average/ good/ performed) and HR is the one decides how much to give. Say things like I can't guaranteed whether HR will pay more to us in the future but I can assure you that if you stay and perform, we will reward our staff fairly! Although it might be a bit delay (Delay Gratification that really delay until forever one). Let's think properly, who is the one doing/approving your assessment. -Well, at the end we've found out a few colleagues who having similar tier in their assessments actually having slightly differences (about $20-$30 different) from their increment. Decided by HR? Bosses, good try to brain wash us. Really honest. 5. Company neither invest in people nor retain its talent - You can't believe that such a big and old local firm can't even send it's employees to a course that is less than a thousand. Any courses above a few hundred dollars only already need to get Director approval then only can go for the course. Usually, the directors like to challenge its employees by saying things like "after you go for this course, how much you can generate for the company? Do you have any statistic to prove? How can you guarantee?". Dear Directors, you are the directors of an investment firm, you should know investment come with risk and that's why the return is attractive right? You should also know that you have to invest first then only will receive returns right? 6. Projects! Projects! Projects! - Chairman always have a lot of projects for his people to do one but, your experienced talents already head hunted by your competitors, what do you expect a new blood who having limited experience and skillset to do? - By the way, those projects that Phillip Securities is going to launch, or I should say they wish to launch such as Crypto, NFT, fast and problem-free trading platform and etc. Well, for me it's not a project to be honest. All the projects that you want to launch is already widely available in the market since long time ago, offered by your competitors. Your project is basically copy and paste only. - Nevertheless, even copy and paste job the company also can't carry it out properly. These thing happened is because those capable talents had already left and when your IT is pretty "Capable" (caught in DDOS attack in 2018, the POEMS trading platform always have issue and can't even solved until now) while the company still don't want to outsource a dependable organization. 7. Monkey Management - Chairman told his staff in webinar 2020/2021, because you're monkey! That's why I pay peanut! Well, why you still recruit so many monkeys? Oops. Congrats, now you have full house of monkeys in your company. - Dear bosses, whether you staff is a monkey is really decided by you. You carrying out monkey management, then you get monkeys to work for you.
