Pros
The compensation package is Tier 2 in the industry—higher than the average, though not the highest. Management tends to be more accommodating when the job market is strong, as finding suitable replacements becomes more challenging. It’s advisable to join with the best possible offer and be prepared to leave anytime when management attempts to deceive you.
Cons
Job security at GIC is questionable. Like other traditional large local firms, GIC claims to offer 100% job security unless there is underperformance. However, unlike other firms that are cautious in giving low-performance ratings to maintain team stability, GIC frequently uses performance ratings as a tool for layoffs. When a manager wants to terminate an employee, that person or group is often given a low-performance rating and dismissed after three months. This approach can be harsher than retrenchment, which typically includes compensation packages and time off. At GIC, employees are often pressured to maintain productivity during the notice period, only to be dismissed without any compensation. Even top-performing staff, including those recently promoted or recognized for outstanding performance, can find themselves rated poorly within a few months if they are on the layoff list. Working hours are also demanding, particularly when the job market is weak. During non-peak times, 9-10 hour workdays are common, while peak periods can require up to 15 hours per day. I have observed colleagues setting up camps and sleeping in the office. Management has suggested that employees must choose between work and personal life, though this is emphasized more when the job market is less favorable.