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SCB Relocation Package?
SCB Relocation Package?
I'm wondering if anyone knows what assistance StanChart may offer someone moving from the UK to Singapore? I'm considering applying for a senior (Exec Director / Head Of) role at SCB. My skillset in tech is fairly niche so I don't imagine there will be a huge amount of credible competition for the role.
Re: SCB Relocation Package?
It should be a full relocation package. (Moving, rent, school fees, health insurance, club memberships, pension payments, annual flights home, maid service, income tax paid, stock options and a golden parachute written in if they have to retrench you).
I not lawyer/teacher/CPA.
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You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
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Re: SCB Relocation Package?
I think it depends what "Head" you really are. I know of a bunch of roles at various places (banks, tech companies) where people are "head" but are head of a team of two.scot33 wrote: ↑Tue, 15 Dec 2020 11:54 pmI'm wondering if anyone knows what assistance StanChart may offer someone moving from the UK to Singapore? I'm considering applying for a senior (Exec Director / Head Of) role at SCB. My skillset in tech is fairly niche so I don't imagine there will be a huge amount of credible competition for the role.
From what I understand most banks do not offer the full expat package anymore, even to those at the top of their respective business lines - only to the very top people.
Most of these packages went out during the financial crisis. Those who got to Singapore before the crisis may still have them, as breaking them out of that expat contract is too hard.
What they normally offer as basic is a relocation package - flights for you and your family to move out to your destination, a few months housing and maybe a little extra cash for the move (plus tax services). There is usually a contract that says you must work at the company for x months or else you pay back the relocation budget, or if they terminate you, they return you back to your home country.
The other thing they may offer is a hybrid style. You get the full package as discussed by PNGMK - return flights, domestic help, car, school, house etc but it's for a limited time (2 years?). After that, your contract is localised or you return to your home country. This is quite normal as well. I've heard of people taking the contract and then returning to their home country afterwards because either they couldn't afford their new lifestyle or they just missed being in their home country.
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Re: SCB Relocation Package?
A bit I must say.

SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers
Re: SCB Relocation Package?
SCB, good luck. They've just made massive cut-backs in their expat numbers in senior roles throughout the bank.
They only offer local contracts and have been doing so for probably 10 years.
...and SCB you should consider a different company. It's one of the worst places to work and has a very poor reputation here.
They only offer local contracts and have been doing so for probably 10 years.
...and SCB you should consider a different company. It's one of the worst places to work and has a very poor reputation here.
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