I would think that times currently is good, where the overall employment rate is very high. To top that, rules are in place to make it not as easy to hire foreign labour. That is why I am surprised to hear from a friend that his friend in a foreign bank here has been retrench. The research done for banking back office is that landing a job now is not easy. That surprised me because the young bank sector folks seem to be very portable, leaving every one or two years.
The retrenchment amount should enable my friend’s friend to tied over the period, and its good that the retrenchment benefits calculates a full month instead of half a month, which is getting more prevalent.
The first thing that goes to your head after the anger or denial is perhaps landing another job. What creates fear is how long can ......