Too many to list down, I will just touch on one major issue.
Remuneration and Bonuses: Financial Year End is end September with promotion being announced on 1 October in the new financial year. HOWEVER, bonus will only be given 1-2 weeks prior Chinese New Year, which means that a staff will have to work 4-5 months prior to receiving their bonus of the previous financial year.
Hence, if the staff wants to tender, he/she will face with 2 issues.
(1) Tendering after bonus would mean that he/she will have to serve 1-3 months of notice period (depending on rank), which would ultimately translate to the staff working for 6-8 months (in total) of the new financial year. That helps the company clear workload and yet the company does not have to promote/give pay raise/bonus to that staff since he will not be around for the new financial year end.
(2) Tendering before bonus would mean that he/she will most likely not participate in the bonus of the previous financial round. YES, that is right, you will not receive your hard-earned bonus of the previous financial year, regardless if your last day is after the bonus issuance date. IF you do get bonus (on rare occasions), the bonus will be way lesser than what your peers will receive or compared to the bonuses of previous years, regardless if you work for the company for the FULL financial year.
From the above remuneration system, you will fully understand that the management is self-seeking. To them, every non-managerial staff is replaceable. It is not uncommon for half or more of the team to leave. Staff turnover is high, and yet, it is not important enough for management to change.
There are bosses and management, but not everyone is a leader. Most directors/partners in the advisory department are bosses, but sadly not leaders that care for their people enough.
*IF YOU VALUE YOURSELF, YOUR TIME, YOUR LIFE - SEEK EMPLOYMENT SOMEWHERE ELSE*
