Phillip Securities Reviews

Pros

No stress as your rewards are not based on your performance.

Cons

I used to be a very motivated individual. But as time passes, I start to become lazy. Working over here is starting to affect my work ethics. If the manager likes you, earning $1 a day is an achievement but if the mangers do not like you, making millions for the department will not mean anything. I had no future over here as if the managers do not like you, you will not have any progression. This does mean even if you proved you can do well with your PNL. The manager will find other ways to make life difficult for you. I am starting to worry about my future as I do not know if the things we learn here is applicable to other companies. I used to believe my manager that the things we learned will be useful. But after being lied and cheated by him for so many instances, I start to doubt. There is no guidance, no mentor and no one good or experience people to guide me. Just imagine an admin being your manager as he stayed longer than you in this company. If you think that I had offended the managers before, the answer is no. It is purely based on their own opinions of you. Lastly the pay and increment is so little that their is no point in staying here.

Pros

Everything is done under ground. Imagine the management has ability to keep secret of their recent system cybersecurity issues. More than 300 computers are hacked, data is encrypted by hackers.

Cons

Every single cyber attack is a norm here

Pros

Can knock off on time

Cons

Career progression is bleak. Starting pay is Low. People at the TOP likes to float themselves in the air.

Pros

Objectively, I cannot think of anything good except that most of the times you are free to explore your own interests and other pursuits (whether work or non-work related). Working hours are great, there is no need to put in overtime hours (also because of a lack of things to do and you have no incentive to do it anyway). Colleagues are generally nice and are your best outlets to rant about poor managers, dissatisfaction about your low compensation, the high attrition rate, and lack of growth opportunities. This may look like a biased review, but just look around at the other reviews and you will see a disproportionately similar trend across the board. I hope any reader who stumbles upon this will read it at a high level of confidence about the truth of the work environment at Phillip.

Cons

Plenty to write here so bear with it. The company has not specifically treated me badly (in fact everyone here is nice and friendly), but it was more the inaction and lack of trying of the group as a whole that has to be noted. 1) Lazy and under-performing culture: An acceptance that mediocre work is enough and hardly any incentive to want to do better. Continues the vicious cycle of shoddy work. While mistakes are accepted as a form of learning, under-performers are not penalized (after rounds of mistakes and lousy performance) and the hard workers are not given any motivation to do better. The end result is that the team starts stagnating after time. 2) Incompetent managers with no leadership: The above point is amplified by managers who care too much about their own self interest and has no clue how to bring the team forward. They do not come up with long term or short term plans, and definitely no plan of actions on how to carry them out. The backlog of things to do keeps piling, because the managers always push for ambitious new projects even before completing the most basic tasks. My managers show no signs of maturity, and sometimes I do wonder if it's them managing me or the other way round. If there is one single red flag to consider, this has to be it. (Disclaimer: I have no bad blood with my managers, I just think that they are very poor leaders in a workplace) 3) Loyalty over performance points: The longer you stay, the more likely you will be rewarded handsomely. The system favors the loyal, even if you come into the office late and not do your work. This works because of incompetent managers who do not have the EQ to manage their team, exacerbating the situation for more new comers to ponder over their future here. I have seen it first hand of good performers not being given the recognition, while the loyal ones sit at the side reaping their rewards. Result? Refer to point 1. 4) Little career advancement: I looked back after my first year and realized I had not achieved anything good or meaningful, and nothing in the horizon worth looking forward to. Why? When you arrive at a workplace with great anticipation, hoping to learn from the best, but instead get incompetent mentors (point 2) who do not have enough to teach you, it becomes a struggle to justify your existence in the workplace. You try to self learn, forge your own career path, but instead return to work every day like a clueless stray, wondering what you must do to get better. Since staying for another year or two did not make any sense, I figured it was better to go somewhere to gain exposure and better mentors. 5) Limited job content and responsibility: During meetups with friends, I knew it was a problem when I could not explain myself with pride over what I was doing at Phillip. Mundane, uninteresting, not meaningful. I actually felt ashamed to be at work as there was no longer a sense of purpose. Although projects were given, they were usually just pushed out in silos, not something that could be worked on to fulfill a bigger purpose or to strengthen the team. Many of the projects ended up forgotten and wasted. I left soon as I no longer felt that my work held any meaning. 6) What compensation?: The above points would lead to a conclusion that it is likely that the company cannot pay you much, so take it as a short term internship, learn enough and move off to somewhere else that can appreciate your talents. Compensation is not performance-related too, so a high-revenue generator may be worse off than a lazy manager sitting in his office doing administrative tasks. And given that the company has a no-firing policy, many of the employees are the poor performers left (since they do not get penalized anyway). The good ones would have already left to somewhere else with better prospects. The company generally makes no effort to retain its best people and cut its fats, so continue dreaming of a good pay package or start your loyalty points collection if you wish to stay on. Summary: Poor culture->Poor managers->Poor job scope->Poor career opportunities->Poor compensation->Poor culture... and the cycle repeats.