This is an interesting side effect that hadn't occurred to em.Wd40 wrote:
Since the job bank is veiwable by anyone. Anyone can go in and check how many jobs are open out there for a specific skillset. So if you are savvy career oriented person, you can do some data mining and keep track of the companies that hire in your skills area and you also get a true picture of the job market.
I work for neither of the banks mentioned banks in the full post and just sat through the HR orientation on the FCF implementation in our organization. Net impact is every position up to a certain grade MUST be posted as per the FCF regardless of whether it exceeds the 12k/month salary threshold. We are now required to interview ANY Singaporean whose CV scores 75% or better in Taleo and confirm as part of the workflow why we're not going with the candidate.
Incidently, the FCF itself is very similar to the requirements in my home country when you want to hire a foreigner and very common in a number of countries. Nothing new or novel.