Singapore workers are an unhappy bunch

[Scrooball (clone)]

https://sg.finance.yahoo.com/news/singapore-workers-unhappy-bunch-060351733.html

Singapore is synonymous with a first-rate quality of life with its low crime rates, superior infrastructure and impeccable cleanliness - but employees in Southeast Asia's wealthy island nation are among the region's least satisfied.

Almost half of employees in Singapore do not think they have the perfect job, with three-quarters viewing their job only as a way to make a living and nothing more, according to a survey by global recruitment firm Randstad Workmonitor published on Tuesday.

Singapore ranks second in Asia Pacific, behind Japan, with the number of employees dissatisfied in their current jobs.

Given Singapore's rising cost of living it's not surprising that many of city-state's workforce view their jobs solely as a means to put food on the table, said Michael Smith, country director of Randstad Singapore.

Read More Singapore now world's most expensive city

Singapore is the world's most expensive city to live in, according to The Economist Intelligence Unit's (EIU) Worldwide Cost of Living survey released earlier this year.

Soaring transportation, housing and utilities costs have fueled a sharp rise in living costs over the past decade.
Transport costs in the city-state, for example, are almost three times higher than in New York. Owning a vehicle comes with very high certificate of entitlement (COE) fees, which makes it significantly more expensive to run a car in the city. COE is a license issued by the government to own a car.
Read More Just how expensive is Singapore?

The survey of almost 5,700 employees in Singapore also found that the majority of respondents would not hesitate to change jobs if they could make more money (80 percent), improve career opportunities (78 percent) or find a job that was a better match with their educational backgrounds (71 percent).

"Understanding what motivates employees in their job search and decision to remain in a role will not only allow employers to better engage with their staff, but also increase their employees' job satisfaction and as a result, the productivity of their workforce," Smith said.
Read More This is how a happy workforce can transform a company
"There are many ways employers can engage their staff and keep them motivated. For example, giving employees the opportunity to have more control over their career will allow them to set their own goals and feel a sense of achievement when these goals are met. Creating an atmosphere of growth by providing training and development opportunities can also help contribute to staff engagement and increase satisfaction at the workplace," he added.

 

[sochi2014]

Wealth doesn't buy happiness. Maybe we should share our wealth to be happier. It is a good time to spread around!!


Number of rich in Singapore on the rise

06:07

20 of 500

The number of millionaires here rose by 4.5 per cent last year to about 105,000, according to the latest World Wealth Report from Capgemini and RBC Wealth Management.

 

[frenchbriefs]

this is why we need more foreigners to replace sinkies!!what happiness?what job satisfaction???what hesitate to change jobs??foreigners dont need none of that!!

 

[Leongsam]

It's case of managing expectation rather than anything else.

Singaporeans should appreciate the jobs they have. In many countries, there are no jobs. EG Spain and Greece are both running at 25% unemployment.

http://en.wikipedia.org/wiki/List_of_countries_by_unemployment_rate

 

[frenchbriefs]

It's case of managing expectation rather than anything else.

Singaporeans should appreciate the jobs they have. In many countries, there are no jobs. EG Spain and Greece are both running at 25% unemployment.

http://en.wikipedia.org/wiki/List_of_countries_by_unemployment_rate

their people dun wan accept austerity,if they willing to work for less than 800 a month like our pioneer generation,greece will be 0% unemployment in no time.

 

[Equalisation]

Yes. Unlike the hair bear.:o

 

[bic_cherry]

https://sg.finance.yahoo.com/news/singapore-workers-unhappy-bunch-060351733.html
Singapore is synonymous with a first-rate quality of life with its low crime rates, superior infrastructure and impeccable cleanliness - but employees in Southeast Asia's wealthy island nation are among the region's least satisfied.
Almost half of employees in Singapore do not think they have the perfect job, with three-quarters viewing their job only as a way to make a living and nothing more, according to a survey by global recruitment firm Randstad Workmonitor published on Tuesday.
Singapore ranks second in Asia Pacific, behind Japan, with the number of employees dissatisfied in their current jobs.
Given Singapore's rising cost of living it's not surprising that many of city-state's workforce view their jobs solely as a means to put food on the table, said Michael Smith, country director of Randstad Singapore.
Read More Singapore now world's most expensive city
Singapore is the world's most expensive city to live in, according to The Economist Intelligence Unit's (EIU) Worldwide Cost of Living survey released earlier this year.
Soaring transportation, housing and utilities costs have fueled a sharp rise in living costs over the past decade.
Transport costs in the city-state, for example, are almost three times higher than in New York. Owning a vehicle comes with very high certificate of entitlement (COE) fees, which makes it significantly more expensive to run a car in the city. COE is a license issued by the government to own a car.
Read More Just how expensive is Singapore?
The survey of almost 5,700 employees in Singapore also found that the majority of respondents would not hesitate to change jobs if they could make more money (80 percent), improve career opportunities (78 percent) or find a job that was a better match with their educational backgrounds (71 percent).
"Understanding what motivates employees in their job search and decision to remain in a role will not only allow employers to better engage with their staff, but also increase their employees' job satisfaction and as a result, the productivity of their workforce," Smith said.
Read More This is how a happy workforce can transform a company
"There are many ways employers can engage their staff and keep them motivated. For example, giving employees the opportunity to have more control over their career will allow them to set their own goals and feel a sense of achievement when these goals are met. Creating an atmosphere of growth by providing training and development opportunities can also help contribute to staff engagement and increase satisfaction at the workplace," he added.

Sinkie's have to queue BEHIND foreigner PMETs when it comes to getting a job since companies need to pay NEITHER work permit levy NOR company CPF 17% Singaporean employee levy that adds to company labour costs.

So even after serving NS for peanuts, Singaporeans now find that they are 2nd class to foreigner PMETs: the majority of whom spend minimally (go home and enjoy GST free purchases in their home country and cheaper cost of living there) and use Singapore solely as a get rich quick avenue.

Sinkie's however have to pay high COE, high price of HDB public housing and ever elusive CPF draw down age. No wonder they have no mood @ work when gahmen mandate is solely focused on the ponzi scheme of deceiving foreigners to become Singaporean just so that more foreigners can be invited in.

Only the most foolish foreigners trade their EPs for citizenship, where in all the disadvantages begin...

Local PMEs don't have it easy
Published on May 31, 2014 1:22 AM
I REFER to the report ("MPs want more protection, support for local PMEs"; Tuesday)
When I was the general manager of a local IT company and, subsequently, a financial controller for a Dutch multinational corporation, I preferred hiring foreign mid-level staff for the following reasons:
- The company did not need to pay CPF contributions for them;
- Their salary expectations were lower than Singaporeans'; and
- Their skill sets and experiences were on a par with those of Singaporeans.
The total cost differential between local and foreign professionals, managers and executives (PMEs) was 20 to 40 per cent.
An Asian foreign employee with a degree and work experience can easily afford a city apartment and family sedan in his home country if he makes $200,000 during his stint here.
In Singapore, $200,000 would allow a Singaporean with the same qualifications to buy only a three-room HDB flat in outlying regions like Woodlands or Jurong. A family car would set him back by $120,000.
An Asian foreigner's cost of living back home is so much lower than ours. Hence, he is more willing to work for $3,000 to $5,000 a month. But a Singaporean graduate earning $4,000 a month will be trying to keep up with inflation.
It does not make sense that a foreign PME working here has a bright future, while his Singaporean counterparts are struggling with their living expenses, unless they are in strong sectors like banking and health care, where pay is high.
A levy is imposed when one hires a maid, but there is no such tax for hiring foreign PMEs. No wonder foreign PMEs were replacing local ones at an increasing rate until tighter restrictions were imposed last year.
At the moment, the local PME retrenchment rate is still high as employers are hiring foreigners for the cost savings.
Over the medium to long term, this will weaken Singapore's economy as local PMEs will become structurally unemployed as they lose their skills and employability.
Lim Kay Soon
Local PMEs don't have it easy

 

[bic_cherry]

It's case of managing expectation rather than anything else.
Singaporeans should appreciate the jobs they have. In many countries, there are no jobs. EG Spain and Greece are both running at 25% unemployment.
http://en.wikipedia.org/wiki/List_of_countries_by_unemployment_rate

Because Spain and Greece national reserves were like negative 160% of GDP (Greece). After paying the holders of gahmen bonds interest, the Greek gahmen had no $$$ left for education or infrastructure work: thus unless Greek people pull up their socks, they will remain unemployed/ unemployable.

Singapore gahmen reserves is like almost S$1 trillion by some accounts (maybe less since some CPF $$$ might be included in the S$1trillion number), whatever it is, gahmen should be able to upskill Sinkies so that they can be employed in well paying jobs so as to erridicate the need to prostitute our PMET jobs to foreigners by reducing any levy payable by them to totally zero, at least not when employers have to pay an equivalent levy of 17% as part of employer CPF contribution when the employee is Singaporean.
Levy for foreigner PMET should be introduced to the equivalent of 17% of salary with the funds raised being transfered towards an Edusave CPF account wherein Singaporeans who are jobless/ studying might use the Edusave $ for university/ITE fees and some minor living expenses etc.

U never know how much a good gahmen policy can boost workers morale. With impending GST hike after GE2016, its doom and gloom everyday in Singapore now.

 

[Leongsam]

Because Spain and Greece national reserves were like negative 160% of GDP (Greece). After paying the holders of gahmen bonds interest, the Greek gahmen had no $$$ left for education or infrastructure work: thus unless Greek people pull up their socks, they will remain unemployed/ unemployable.

Singapore gahmen reserves is like almost S$1 trillion by some accounts

Yes and you have to thank the PAP for that. If it wasn't for their astute management of the economy and their refusal to go down the welfare route, Singapore would be dead broke too.

 

[bic_cherry]

Gahmen should either refund employer CPF 17% salary portion or scrap it altogether to

Gahmen should either refund employer CPF 17% salary portion or scrap it altogether to remove albatross around $inkies neck in PMET job opportunities against foreign PMETs

Re thread (SBY): Singapore workers are an unhappy bunch
Yes and you have to thank the PAP for that. If it wasn't for their astute management of the economy and their refusal to go down the welfare route, Singapore would be dead broke too.

But now, it seems like welfare route for foreigner PMETs whose spouses can get practically ANY JOB in Singapore whist on 'dependents pass'. All this benefits whilst Sinkies, having served NS still have the albatross around their neck of 'employer 17% CPF payable' which makes hiring foreigner PMET so much more preferable in terms of labour costs savings compared to employing Singaporeans. And Singaporeans have to foot high costs of living bill (work permit levy adds to high costs of living), COE prices, high rental / public transport prices, GST etc which foreigner PMETs do not have to endure fr the rest of their lives).

Gahmen must find a way to remove the CPF albatross around Singaporean's necks...
Without the need for this additional levy on employing Singaporeans, Singaporeans will find it almost as easy to obtain PMET jobs as foreigner PMET currently are (save for inconvenience to employer for NS reservist call ups, IPPT remedial trainings etc; save for the demoralisation from receiving just 80% gross pay when foreigner PMET gets his @100%).

Employer payable (levy) to CPF only for employing Singaporean/ PR:

(Pict source(CPF rates, current and after 1.1.2015))

Reference:
- ST: Local PMEs don't have it easy:

Local PMEs don't have it easy
Published on May 31, 2014 1:22 AM
...
When I was the general manager of a local IT company and, subsequently, a financial controller for a Dutch multinational corporation, I preferred hiring foreign mid-level staff for the following reasons:
- The company did not need to pay CPF contributions for them;
- Their salary expectations were lower than Singaporeans'; and
- Their skill sets and experiences were on a par with those of Singaporeans.
The total cost differential between local and foreign professionals, managers and executives (PMEs) was 20 to 40 per cent.
... ...
Lim Kay Soon
Local PMEs don't have it easy

 

[batman1]

Re: Gahmen should either refund employer CPF 17% salary portion or scrap it altogethe

Facts of living in Sinkeeland :High costs of living,low quality of life,low salaries,no job security,very little personal space,very high rental costs,very high stress at workplace,high medical and dental costs....etc

 

[krafty]

Re: Gahmen should either refund employer CPF 17% salary portion or scrap it altogethe

smart and sharp analysis...i like...

bro, have you noticed how high handed pap is? they always portray they are the best candidates for the job and hoodwink sinkies without their own mind into believing that they are best party in s'pore...

Facts of living in Sinkeeland :High costs of living,low quality of life,low salaries,no job security,very little personal space,very high rental costs,very high stress at workplace,high medical and dental costs....etc