Well, u dun want to have pple hopping jobs too often. If u scold them or they dun feel comfotable, they might just resign. I think staff loyalty today is unlike the prev generation where pple stay in a company for a good 20yrs. Now i dun think thats very common. I think pple today view job satisfaction as top. Pay can be good but if too stressful n eat into their private time, it wun be too long before they wld harbpur thoughts of leaving.
Its work-life balance in today's singapore.
Correct me if my thinking is off route.
(14-06-2013, 11:56 AM)paullow Wrote: [ -> ]Well, u dun want to have pple hopping jobs too often. If u scold them or they dun feel comfotable, they might just resign. I think staff loyalty today is unlike the prev generation where pple stay in a company for a good 20yrs. Now i dun think thats very common. I think pple today view job satisfaction as top. Pay can be good but if too stressful n eat into their private time, it wun be too long before they wld harbpur thoughts of leaving.
Its work-life balance in today's singapore.
Correct me if my thinking is off route.
U r absolutely right.
The strawberry generation......
(14-06-2013, 11:56 AM)paullow Wrote: [ -> ]Well, u dun want to have pple hopping jobs too often. If u scold them or they dun feel comfotable, they might just resign. I think staff loyalty today is unlike the prev generation where pple stay in a company for a good 20yrs. Now i dun think thats very common. I think pple today view job satisfaction as top. Pay can be good but if too stressful n eat into their private time, it wun be too long before they wld harbpur thoughts of leaving.
Its work-life balance in today's singapore.
Correct me if my thinking is off route.
I think it depends on whether the employee thinks there is a future for him if he stays on in the company. If a person has lost his job a couple of times in the past despite putting in long hours, it is easy to be disillusioned. This can happen if he works in a dying industry. Hard to expect an employee to make sacrifice if he doesn't think his sacrifice will be rewarded tomorrow.
Sometimes, the company makes good profits but the boss keeps most of the profits to himself. This happens mostly in our SMEs and hardly inspires loyalty. However, if an employee is able to afford a BMW and the boss drives a 9-year-old car, this speaks very well for the generosity of the boss
Shouldn't be a problem to cultivate loyal workers in such a company.
Another advantage to have employees who drive BMW is that they create very good impression on candidates coming for job interviews. The impression will not be as good if the boss drives BMW while employees drive 9-year-old cars or rely on their 2 legs(unfortunately, this is the norm).
Well said.. make so much sense to me..
(14-06-2013, 12:07 PM)hyom Wrote: [ -> ] (14-06-2013, 11:56 AM)paullow Wrote: [ -> ]Well, u dun want to have pple hopping jobs too often. If u scold them or they dun feel comfotable, they might just resign. I think staff loyalty today is unlike the prev generation where pple stay in a company for a good 20yrs. Now i dun think thats very common. I think pple today view job satisfaction as top. Pay can be good but if too stressful n eat into their private time, it wun be too long before they wld harbpur thoughts of leaving.
Its work-life balance in today's singapore.
Correct me if my thinking is off route.
I think it depends on whether the employee thinks there is a future for him if he stays on in the company. If a person has lost his job a couple of times in the past despite putting in long hours, it is easy to be disillusioned. This can happen if he works in a dying industry. Hard to expect an employee to make sacrifice if he doesn't think his sacrifice will be rewarded tomorrow.
Sometimes, the company makes good profits but the boss keeps most of the profits to himself. This happens mostly in our SMEs and hardly inspires loyalty. However, if an employee is able to afford a BMW and the boss drives a 9-year-old car, this speaks very well for the generosity of the boss Shouldn't be a problem to cultivate loyal workers in such a company.
Another advantage to have employees who drive BMW is that they create very good impression on candidates coming for job interviews. The impression will not be as good if the boss drives BMW while employees drive 9-year-old cars or rely on their 2 legs(unfortunately, this is the norm).
Few years ago there are so much talks and interviews from celebrities and motivational coaches to encourage people to live their dream and quit if the jobs is not what make one looked forward everyday.
Suddenly there is an open of flood gates for PMET foreigners to work here. They are young, cheap, very hungry, usually single and can work 24 hrs without complain...
If you are employers, will you employ someone so comfortable..
Wait a minute... the basic of life.. work hard, be humble, be respectful, be trustworthy, be responsible for yourself... and to know your own situation is very important..
(14-06-2013, 12:04 PM)Dividend Warrior Wrote: [ -> ] (14-06-2013, 11:56 AM)paullow Wrote: [ -> ]Well, u dun want to have pple hopping jobs too often. If u scold them or they dun feel comfotable, they might just resign. I think staff loyalty today is unlike the prev generation where pple stay in a company for a good 20yrs. Now i dun think thats very common. I think pple today view job satisfaction as top. Pay can be good but if too stressful n eat into their private time, it wun be too long before they wld harbpur thoughts of leaving.
Its work-life balance in today's singapore.
Correct me if my thinking is off route.
U r absolutely right.
The strawberry generation......
Yesterday/Friday mood makes a sudden turn.
Seems like most people think that this time round is merely a correction.
Would that be a reason why blue chip drop so much but pennies stock is holding well?
I think the recent sell down in blue chip and reits is due to foreign funds leaving singapore
the pennies are held by locals so not much sellings
the institutions usually can only trade large or mid cap stocks, so I guess that's why pennies not so much affected in the recent correction
Make sense! No-wonder....
pennies stock will have to wait long long...
Any how, brought some comfort and wilmar.
Now, waiting to buy more blue-chip...
QE ending soon I guess, maybe max is till end of next year?
WASHINGTON — Federal Reserve Chairman Ben Bernanke said yesterday (this morning, Singapore time) that the United States economy is expanding strongly enough for the central bank to begin slowing the pace of its bond-buying stimulus later this year.
Mr Bernanke’s confirmation that the Fed is getting closer to pulling back on its US$85 billion (S$108 billion) in monthly asset purchases confirmed investor fears, sending stocks and bonds sharply lower and pushing benchmark Treasury yields to a 15-month high.
The Fed expects moderate growth to lead to a further healing in the job market as headwinds facing the economy ease, Mr Bernanke said.
He also said that policy-makers expect inflation to move back up towards their long-term 2 per cent goal and dismissed recent low readings on consumer prices as due in part to temporary factors.
“The committee anticipates that it will be appropriate to moderate the monthly pace of purchases later this year and, if the subsequent data remain broadly aligned with our current expectations for the economy, we will continue to reduce the pace of purchases in measured steps through the first half of next year, ending purchases around mid-year,” Mr Bernanke said.
He said the jobless rate should be down to around 7 per cent from its current 7.6 per cent by the time bond purchases are halted.
In a change of policy, Mr Bernanke also said that a majority of Fed policy-makers believe the central bank should hang onto the mortgage assets it acquired through its unconventional monetary stimulus when it decides to tighten monetary policy.
He made the statement at a news conference on the Fed’s decision to continue buying US$40 billion in mortgage-backed securities and US$45 billion in longer-term government securities each month as part of its effort to keep interest rates low and boost employment.
After a two-day meeting, the Fed’s policy-setting panel offered a more upbeat assessment of the risks facing the economy than they had after they last met in May. “The committee sees the downside risks to the outlook for the economy and the labour market as having diminished since the fall,” it said.
The Standard & Poor’s 500 stock index closed down nearly 1.4 per cent, while yields on the 10-year US Treasury note hit 2.33 per cent, the highest level since March last year. The US dollar also strengthened.
Mr Bernanke stressed that even a slower pace of bond buying would be adding support to the economy and that any decision to begin removing stimulus was still a long ways off.
Any eventual increases in interest rates would also be gradual, he added.
The Fed has held overnight interest rates near zero since December 2008 while more than tripling its balance sheet to around US$3.3 trillion with its bond buying. It yesterday repeated that it would not raise rates until unemployment hits 6.5 per cent or lower, provided that the outlook for inflation stays under 2.5 per cent.
In a slight upgrade to their projections, officials forecast unemployment to average 6.5 to 6.8 per cent in the fourth quarter of next year, and 5.8 to 6.2 per cent in the final three months of 2015. They forecast US economic growth of between 3.0 and 3.5 per cent next year, and between 2.9 and 3.6 per cent in 2015. REUTERS
STI down 2%!!!
man what happened? it is because of the HAZE???