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Privileged Member
Total Posts: 384
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The economy is not doing well, someone has to go. Who should it be?
1.Those in their sunset years
2.Non-performers
3.Highly paid seniors
4.Newbies (last in first out)
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Ultra Senior Member
Total Posts: 3729
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to be pragmatic, should be the one that is least useful and cost a lot (so shall be highly paid non-performer), or any ppl in sunset year who are wish to ahve earlier retirement.
but I think usually for most company is last in first out 
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Very Senior Member
Total Posts: 807
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it all depends on each company's factors.
there's no "correct" ppl to "axe".
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Very Senior Member
Total Posts: 815
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This people need to axe out;
Highly Paid Under Work Senior (too old to think)
Over Paid Useless Manager (big mouth talking, finger pointing)
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Ultra Senior Member
Total Posts: 1964
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the workers whose duites can be taken up by others
n the least efficient
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Ultra Senior Member
Total Posts: 1446
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quote:
Originally posted by pcman:
This people need to axe out;
Highly Paid Under Work Senior (too old to think)
Over Paid Useless Manager (big mouth talking, finger pointing)
 lol
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Ultra Senior Member
Total Posts: 2475
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quote:
Originally posted by pcman:
This people need to axe out;
Highly Paid Under Work Senior (too old to think)
Over Paid Useless Manager (big mouth talking, finger pointing)
not necessarily...the pple that should be axed are those that are not contributing to the company's profit...be it whether they are productive or not...old or not...senior or not...
companies exist to make profits...if they are not making profits, they would not be existent...the pple they hire are paid to make money for them...if the employees are not making more money than they are paid, then these ppl will be the first to go...
...this is life...
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Very Senior Member
Total Posts: 744
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I've seen some company taking the "holiday" method rather then axeing people, everyone will work 15 days a month, I think it's better for everyone. Can always try to find part time during the "holiday", but better than being axe!
But this has it's disadvantages too, performance workers might leave for better jobs, leaving slackers behind!! 
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Ultra Senior Member
Total Posts: 3807
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quote:
Originally posted by Miffy:
The economy is not doing well, someone has to go. Who should it be?
1.Those in their sunset years
2.Non-performers
3.Highly paid seniors
4.Newbies (last in first out)
The correct answer would be " Everyone else except me", and that is my final answer  .
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Ultra Senior Member
Total Posts: 1446
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anyone heard about MVC (Monthly Variable Component) ?
It is a component in the workers’ monthly wage that is built up over the years from the annual wage increase. It is variable and can be linked to a company’s performance.
With the MVC in place, companies will be able to adjust wage costs to remain viable and save jobs for workers in times of sudden business downturns when companies’ viability is severely undermined.
http://www.ntuc.org.sg/myunion/MVC_Guide.pdf
So what do u think of this ?
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Ultra Senior Member
Total Posts: 8890
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two words come to mind "orang angkat"
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Privileged Member
Total Posts: 384
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quote:
Originally posted by theThinker:
I've seen some company taking the "holiday" method rather then axeing people, everyone will work 15 days a month, I think it's better for everyone. Can always try to find part time during the "holiday", but better than being axe!
But this has it's disadvantages too, performance workers might leave for better jobs, leaving slackers behind!!
That's wat HP is proposing. The idea of "holiday" sounds great.
But practically, as a Singaporean, i won't buy this idea as we've got to compromise pay  part time job probably will not make up the remaining 50% of pay
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Ultra Senior Member
Total Posts: 42522
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quote:
Originally posted by Hannibal:
The correct answer would be " Everyone else except me", and that is my final answer .
 That's is actual thought in everyone's minds
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Privileged Member
Total Posts: 384
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quote:
Originally posted by X_n:
anyone heard about MVC (Monthly Variable Component) ?
It is a component in the workers’ monthly wage that is built up over the years from the annual wage increase. It is variable and can be linked to a company’s performance.
With the MVC in place, companies will be able to adjust wage costs to remain viable and save jobs for workers in times of sudden business downturns when companies’ viability is severely undermined.
http://www.ntuc.org.sg/myunion/MVC_Guide.pdf
So what do u think of this ?
It's like a basic pay with commission (pay $ when times are good)  Personally, i don't favour that although i don't deny that this is a very good way to 'save' everyone
If i m in my sunset years, I will surely support this scheme. The rationale is, as long as they keep me, i don't mind earning less, just enough to cover my spending during retirement years. 'Little better than nothing' 
If i m a young person, I will surely jump ship  in search for higher pay during bad times.
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Privileged Member
Total Posts: 384
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quote:
Originally posted by bwtoh:
companies exist to make profits...if they are not making profits, they would not be existent...the pple they hire are paid to make money for them...if the employees are not making more money than they are paid, then these ppl will be the first to go...
...this is life...
well said!  if u don't make enough to cover ur own costs, then u should not exist at all.
Logically, it is very right. Practically, who are we to determine, who makes more money in an organisation? Esp. big organisation, ur boss is the one who appraise u, there are indeed a lot of non-transparent things
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Ultra Senior Member
Total Posts: 42522
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quote:
Originally posted by Miffy:
.....
If i m a young person, I will surely jump ship in search for higher pay during bad times.
won't it suppose to be more difficult to find job during bad time - where one clinch to their job tightly instead of looking forward to higher salary ?
This message was edited by Computer on 26 May 2001 01:48 AM
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Privileged Member
Total Posts: 384
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quote:
Originally posted by Computer:
won't it suppose to be more difficult to find job during bad time - where one clinch to their job tightly and looking forward to higher salary ?
Yes & No. This will depends on ur industry & nature of job. It also depends on ur expectation. For eg. Teaching jobs, advertising, handphone, food & beverage are evergreen. SingTel is still employing, u still read ur 8 days, newspapers rite?
After all,now is the cyclical downturn for electronics industry, it just so happens that electronics idnustry is Singapore's pillar.
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Ultra Senior Member
Total Posts: 8890
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quote:
Originally posted by Computer:
won't it suppose to be more difficult to find job during bad time - where one clinch to their job tightly instead of looking forward to higher salary ?
hmm...that would also depend largely on how long you have worked and what job experiences you have.
your present company may not see the need in you, but you may be valuable to another company that offers the same/similar job.
at times like these, cannot help but feel that all companies in singapore are exploiting employees, denying their hard-earned money using the excuse of a poor economy
one good example is the retrenchment of so many people, yet companies are reporting profits by the millions!!
and with this variable wage scheme, they will always say that economy is still bad, cannot afford to give the full amount *shake head*
now a days, an employee working for a certain position is takiing more responsibilities and duties compared to years ago
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Administrator
Total Posts: 2586
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In my company, people who had been retrenched were either highly-paid, under-work employees or most of them tender automatically. In fact, lots of them quit instead.
When economy is bad, company tends to set alot of restrictions yet high expectations from the current employees. That made people unhappy and leave.
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Ultra Senior Member
Total Posts: 1446
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quote:
Originally posted by Snowyz:
When economy is bad, company tends to set alot of restrictions yet high expectations from the current employees. That made people unhappy and leave.
Guess it must be one of the company strategy .
At first they will spread rumours thru all the working place ,secondly they will start to restructure their management frequenly and then the employee will start to suffer for their heavy workload which is assign from top .....................and so on the staff will resign one by one automatically .......
sigh.......
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