Singaporeans becoming a minority in his own country is becoming a reality. Front page news in mypaper reported that in a foreign bank, in a team of 12 middle management banking staff, only 5 are Singaporeans. And it seems that this phenomenon is getting more widespread and may become a permanent and pervasive feature in the banking industry and other industries as well, particularly IT.
The reason for this pathetic state of affair is that Singaporeans did not possess the specialized skills set or experience for these positions. And the foreign banks could only find them from overseas, Europe, India and the Philippines.
As for skill sets, these are partially acquired on the job and through academic training in the learning institutions. It is now apparent that our leaning institutions are producing graduates that are not marketable or do not possess the skill sets needed, or producing too little. Whose fault is that? Is it so difficult to produce the kind of skill sets that the finance industry needs if developing countries like India and the Philippines are producing them in hordes? I am sure these talents from the developing countries do not buy their papers from streets of Manila or Mumbai. They must have the skill sets that our learning institutions failed to produce and our industries needed.
The remedy is to send our students to the learning institutions in India and the Philippines for their education. They seem to be doing something right and we, despite our world rankings, are not producing the graduates for the market, or in trickles.
The second important point is experience. Singaporeans do not have the required experience but developing country workers have. Where and how these workers acquired the experience that our workers could not get? Who gave them the opportunity to acquire the experience?
This is the main cause of the lack of experienced Singaporean CEOs in the finance industry because we do not give our people the chance and the experience. And if this is the way to go, soon all the CEO positions will be filled by foreigners and so will be the finance industry middle management, and so will be the IT industry and other industries.
We have become a country that not only did not produce the right products for the industry, we don’t even offer them the chance to gain the experience to become more professional and for higher appointments.
What is happening? And in many cases, the experience and opportunities were given to foreigners to gain their experience here. And this is progress. Singaporean first? This is our country, this is our home. And we are supposed to defend it while the good jobs are given to foreigners. A new citizen is still a foreigner yesterday. If every foreigner is given all the plump jobs and become citizens tomorrow because of it, then technically all the top jobs are Singaporeans. Is this acceptable or the right thing to do? We need to reclaim this country for Singaporeans before it is too late.