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Jul 1, 2010
JOB SEEKERS' MARKET
It's myopic to get carried away
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WHAT a difference a year makes, as yesterday's report suggests ('Job seekers' market as economy improves').
While I do not disagree with the strategy of current job seekers who hold out for higher pay and better benefits, I wonder if that is the right thing to do. The economic recovery is less than a year old and uncertainties are the only certainties in the recovery process.
I wonder if Singapore workers are taking a short-term view of economic prospects.
I believe companies are working hard to benefit from the improved economy. Some may be hoping to recover the losses they suffered and rebuild their reserves to regain lost ground, rather than to make profits.
The joy as a result of the fantastic economic numbers Singapore has achieved should not blind us to the fact that our productivity must improve.
We have managed to stay ahead because of weakened competition from neighbouring countries and the Government's prudent economic policies. Such conditions may not prevail forever.
While the stress felt by all from the economic upheaval is understandable, I would rather experience this stress than remain unemployed or under-employed.
Instead of demanding higher pay, we should be diverting our resources to improve productivity and quality of life, which will benefit us as a nation more.
Employers have a part to play too. Rather than expend resources on head- hunting employees seeking exorbitant salaries, why not invest in upgrading the skill sets of existing employees as well as technology?
Our economy was built by the industry and resourcefulness of an older generation. While they may have passed on, we must take steps to ensure that their spirit prevails.
Mohamad Aminudin
JOB SEEKERS' MARKET
It's myopic to get carried away
<!-- by line --><!-- end by line -->
<!-- end left side bar --><!-- story content : start -->
WHAT a difference a year makes, as yesterday's report suggests ('Job seekers' market as economy improves').
While I do not disagree with the strategy of current job seekers who hold out for higher pay and better benefits, I wonder if that is the right thing to do. The economic recovery is less than a year old and uncertainties are the only certainties in the recovery process.
I wonder if Singapore workers are taking a short-term view of economic prospects.
I believe companies are working hard to benefit from the improved economy. Some may be hoping to recover the losses they suffered and rebuild their reserves to regain lost ground, rather than to make profits.
The joy as a result of the fantastic economic numbers Singapore has achieved should not blind us to the fact that our productivity must improve.
We have managed to stay ahead because of weakened competition from neighbouring countries and the Government's prudent economic policies. Such conditions may not prevail forever.
While the stress felt by all from the economic upheaval is understandable, I would rather experience this stress than remain unemployed or under-employed.
Instead of demanding higher pay, we should be diverting our resources to improve productivity and quality of life, which will benefit us as a nation more.
Employers have a part to play too. Rather than expend resources on head- hunting employees seeking exorbitant salaries, why not invest in upgrading the skill sets of existing employees as well as technology?
Our economy was built by the industry and resourcefulness of an older generation. While they may have passed on, we must take steps to ensure that their spirit prevails.
Mohamad Aminudin
