we must welcome talent from abroad to create and ...........

[verykiasu2010]

insider:

For listed companies, it is more difficult as their KPI is in terms of pure numbers...

the shareholders are the Bosses, and the board / CEO may not get re-elected, and will be punished by share price too

[david59]

insider:

david59:

Making maxi profit is not going to make you very happy. See part of ur less profit by employing Singaporeans as doing National Service.

smaller companies like mine are still possible to have this mindset.

i have a reasonable profit target for each school (after taking into consideration investment, provision of capital recovery period,etc). For example, this school is $120,000/year, that school is $150,000/year, etc.

Every year when I close books, anything excess will share with staff and therefore staff may enjoy windfall bonuses (subject to their peer evaluation). If one needs to 'exploit' staff (or children or parents) to make more $$$, think this maybe one of the most ill-gained $ one can make...

For listed companies, it is more difficult as their KPI is in terms of pure numbers...

God bless you, ur family n ur business.
As for Public listed companies, it is therefore imperative that GLC companies must set a good example for other companies to follow by providing a good balance of citizens n foreigners. Government must never make GDP their main goal at the expense of giving leeway to companies to suppress wages. Many companies are doing very well, the rich r getting richer becos of high GDP growth but the wages of the unskilled to the semi-management level remains stagnant or sees little increase. Especially in these days of high inflation is a double whammy.

[concern2]

david59:

Government must never make GDP their main goal at the expense of giving leeway to companies to suppress wages. Many companies are doing very well, the rich r getting richer becos of high GDP growth but the wages of the unskilled to the semi-management level remains stagnant or sees little increase. Especially in these days of high inflation is a double whammy.

Yes, david59. I recently read a book called The Wisdom of Sustainability. In it, the author Sulak Sivaraksa talks about how economic success ought to be measured by GNH (Gross National Happiness) rather than GDP (Gross Domestic Product).

Recently in Parliament, Silvia Lim also highlighted our need to look into this, citing example of how the King of Bhutan gears his country towards the same direction (GNH), how Singapore has achieved 'prosperity' and 'progress', but not 'happiness', (which appears in our national pledge \"so as to achieve happiness, prosperity and progress\"and how the government should start to consider measures of GNH of our own. (source of Silvia Lim's speech: http://www.wp.sg/2011/10/sylvia-lims-speech-debate-on-presidents-address/)

[Mdm Koh]

I would like to highlight an article from Asiaone, which states that Laos has donated 1.5 million baht (S$618,000) to the flood relief effort in Thailand.


http://www.asiaone.com/News/Latest+News/Asia/Story/A1Story20111017-305495.html

Laos is an extremely poor country, so I was very impressed with the generous donation. It had received help from other countries in the past for its problems with flooding and it's now paying the goodwill forward to Thailand.

Now let's look at our government's track record. The Singapore government, with the world's most highly paid Ministers, (in)famously donated only US$50K (S$63,475) to Haiti last year.

This year, it did slightly better. It donated S$25,600 to Sri Lanka, S$140K to Pakistan and US$500K (S$634,755) to Japan.

Someone on a blog pointed out irreverently that the sum donated to Sri Lanka is the PM's salary for two days of work.

I know there are many countries that need help and we can't possibly give all of them one million each. However, all the above donations when added up, do not even make up one million dollars! The sum we have donated for all these huge natural disasters is less than President Tony Tan's salary for three months.

I think we got to question if our government is being too greedy in accumulating wealth at the expense of performing its other roles. It's not only resistant to providing financial help to Singapore citizens, but it's also not willing to provide financial help to our neighbours in the world. This is not something that I feel proud of.

I don't think the foreigners in Singapore would be happy, too, that we have been stingy in helping their home countries.

[verykiasu2010]

the team of doctors that rushed to help Haiti from Singapore was led by a malaysian who is a PR here, and the team’s expenses - which was paid by themselves - was probably more than the US$50k the SG gov’t donated

[david59]

If I am not wrong, the teams of doctors were sent by City Harvest Church. I feel how much the government determines to give depends on pragmatic principle. The bottom line is how important is that country to Singapore. The more importance the more aids. Sadly, the $50k was extremely pathetic.

I hope our Government does not see her citizens thru the eyes of pragmatic principle too. Even the school system seems to be based on this principle. The smarters get greater helps n resources. I feel the weaker ones need equal helps if not much more assistance.

[david59]

[quote]
Ya lor. Continue this train of thought, to get the maxi. Profit for shareholders, employ all FTs right from the CEOs, managers to the auntie cleaners lor. Sure make shareholders belly happy ones. Huge nos of investors sure swarm to invest Singapore liao. GDPs double digits, government very happy to report to the majority stake holder, Singaporeans. Are you happy with this masterplan?
I always believe a balance must be set in place. Don't just quote all the jobs that no locals want to do. The town council cleaner, a Singaporean, aged around 35 plus working around my block is paid $750 gross, working from 6am to 4pm. To supplement his small income, he washes cars for residents for $1.50 per car between 6 to 10pm. every night. Would u do it? Don't simply quote that no locals want to do those jobs. Bosses should strike a balance. Making maxi profit is not going to make you very happy. See part of ur less profit by employing Singaporeans as doing National Service.[/quote]More about the town council cleaner. I met him this morning. He told me that he works 7 days a week except for PH. When he is sick, MC also of no use. Considered as no pay leave. And no medical claim unless from Polyclinic. Why this kind of policy huh? The Town Council Management Agent for the estate is run by PAP company, right?
Anyone who believe Singaporeans are too fussy about low pay jobs, would u be willing to take on? With this kind of pay n working terms , who dare to produce babies to make the Government happy?

[limlim]

many Town council out source to private companies…


How they choose which agent is… a mystery… rem the case where the committee member of some TC is the stake holder of the appointed agent or the like… etc…

talking about conflict of interest… anyway, that is a bit OT…

Hence, it would not be surprising if the agent is some private company…

[peapot]

david59:

[quote]
Ya lor. Continue this train of thought, to get the maxi. Profit for shareholders, employ all FTs right from the CEOs, managers to the auntie cleaners lor. Sure make shareholders belly happy ones. Huge nos of investors sure swarm to invest Singapore liao. GDPs double digits, government very happy to report to the majority stake holder, Singaporeans. Are you happy with this masterplan?
I always believe a balance must be set in place. Don't just quote all the jobs that no locals want to do. The town council cleaner, a Singaporean, aged around 35 plus working around my block is paid $750 gross, working from 6am to 4pm. To supplement his small income, he washes cars for residents for $1.50 per car between 6 to 10pm. every night. Would u do it? Don't simply quote that no locals want to do those jobs. Bosses should strike a balance. Making maxi profit is not going to make you very happy. See part of ur less profit by employing Singaporeans as doing National Service.

More about the town council cleaner. I met him this morning. He told me that he works 7 days a week except for PH. When he is sick, MC also of no use. Considered as no pay leave. And no medical claim unless from Polyclinic. Why this kind of policy huh? The Town Council Management Agent for the estate is run by PAP company, right?
Anyone who believe Singaporeans are too fussy about low pay jobs, would u be willing to take on? With this kind of pay n working terms , who dare to produce babies to make the Government happy?[/quote]Oh! I learn more and more about PAP each time I come here.

[LOLMum]

limlim:

many Town council out source to private companies..


How they choose which agent is.. a mystery..... rem the case where the committee member of some TC is the stake holder of the appointed agent or the like.. etc..

talking about conflict of interest.... anyway, that is a bit OT..

Hence, it would not be surprising if the agent is some private company..

yes, that is what pissed me off too. :stompfeet: it was in the papers wasnt it during the recent election? sad to say that there was no follow up by our reporters (especially the wanbao and shinmin which are very good at reporting the same story for many days with all kind of info but didnt do much on this issue).