Opinion: Poor Employment Practices – Lack of Compensation Package
Our Poor Employment Practics – Lack of Compensation Package
Written by: Gilbert Goh
Many people who were retrenched during the recent recession lamented how badly they were treated after been laid off by their companies. Though retrenchment is generally expected by many people when there is a down turn, more can be done by the authorities to ensure that compensation is paid out when someone is being laid off.
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Pay rise likely for finance workers: Poll (ST 9 Jan)
Jan 9, 2010
Pay rise likely for finance workers: Poll
Over 60% of HR execs expect hike; key reason is to attract and retain staff
FINANCIAL industry workers look like they will be in for a pay rise over the next 12 months, according to a new survey.
It found that 62.4 per cent of human resource (HR) professionals in the industry expect basic salaries within their firms to increase over the year.
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Financial lessons from the decade (Sunday Times 3 Jan)
Jan 3, 2010
Financial lessons from the decade
Scandals and dubious practices from the past can help investors avoid pitfalls
But my timing couldn’t have been better because, fortunately for me, the party began after I joined the paper.
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Put yourself in employer’s shoes (Today 17 Nov)
RECENTLY, media reports and letters to the press on the contentious issue of pregnant workers being laid off without equitable compensation or non-confirmation of service after the probationary period have raised concern in the workforce, among unions and the authorities.
It would be unjustifiable for a company to terminate or dismiss the service of a loyal worker who has been with a company for years without equitable compensation just because she wants to start a family.
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Working less now to work longer later (Sunday Times 15 Nov)
Shefali Rekhi
Working five days a week and retiring in your 60s is the norm in many societies.
But leading researchers of life expectancy at the Ageing Research Centre of the University of Southern Denmark are calling for a change.
A study of life expectancy trends in the past century shows that many people can expect to live longer and the majority of those born after 2000 will likely cross 100.
Based on this, Professor Kaare Christensen and his colleagues are suggesting that people should have the option to work fewer hours during their prime years, have more time for family and leisure, and the opportunity to retire much later.
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Pregnant? You’re fired (Sunday Times 8 Nov)
The tough economic times – and more generous maternity benefits – appear to be prompting increasing numbers of firms to fire pregnant women or deny them their full entitlements.
There were 119 ‘pregnancy- related’ complaints lodged with the Ministry of Manpower (MOM) in the first nine months of the year – up from 72 for the whole of 2007, and 95 last year.
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Executive compensation: Busting those myths (ST 20 Oct)
Oct 20, 2009
ECONOMIC WATCH
Executive compensation: Busting those myths
By Richard D. Arvey, For The Straits Times
EXECUTIVE pay has hit the headlines again, especially the huge salaries and bonuses being given in the financial sector.
This has occurred even in companies that received government bailout packages or are losing money. For example, Blackstone Group’s Mr Stephen Schwarzman received a staggering US$702 million (S$978 million) pay package, and nine of the biggest banks in the United States handed out US$47 billion in bonuses even as they posted losses.
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Foreclosures Force Ex-Homeowners To Turn To Shelters (New York Times 18 Oct)
Sheri West operated a shelter for homeless people, but last year she lost her home in Cleveland and had to sleep in her car.
By PETER S. GOODMAN
Published: October 18, 2009
CLEVELAND — The first night after she surrendered her house to foreclosure, Sheri West endured the darkness in her Hyundai sedan. She parked in her old driveway, with her flower-print dresses and hats piled in boxes on the back seat, and three cherished houseplants on the floor. She used her backyard as a restroom.
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More than 100,000 employers to receive $890 million (Asiaone 22 Sep)
More than 100,000 employers to receive $890 million
Tue, Sep 22, 2009
AsiaOne
More than 100,000 employers, with whom about 1.4 million local workers are employed, will receive $890 million from the third payment of Jobs Credit on September 30, 2009.
Eligible employers will receive a letter of notification from the Inland Revenue Authority of Singapore (IRAS) by Thursday, September 24. This letter will inform them of the amount of Jobs Credit they will receive for the third payment.
Employers do not need to sign-up, as eligible employers will automatically be granted the Jobs Credit. This includes those who did not qualify during the first two installments.
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Facing Joblessness With Confidence – Be Prepared
This article was reproduced here in Jan 09.
Many who visited this blog site I believe will have been retrenched or preparing for retrenchment. However, it is not the end of the world yet.
The unemployed need to prepare themselves well if they are retrenched. Those with severance package definitely have the upper hand to wait out the prolonged down turn. Those without will face the future with less confidence.
Nevertheless, staying prepared for retrenchment even if one is working now help.
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She quit job as secretary to be a cabby (Asiaone 18 Sep)
She quit job as secretary to be a cabby
For the sake of her three children, she switched jobs from being a secretary to a taxi driver.
Her husband complimented her career move by becoming a taxi driver himself and they even became partners at work.
Four years ago, Mdm Yu Xiu Yun, 37, resigned from her secretarial job to pursue a career in the male-dominated taxi driving industry.
At the job interview, she said she had grown tired of her former job and resigned to spend time at home taking care of her children who were still schooling.
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Job interview cues that say “hire me” (New York Times 21 Sep)
Sep 21, 2009
WORKING LIFE
Job interview cues that say ‘hire me’
No set rules but courtesy and common sense give applicants the edge
NEW YORK: It is always fun to hear hiring managers recall the most boneheaded mistakes they have seen job seekers make during an interview: showing up in flip-flops, say, or taking a cellphone call while meeting the company president.
But that kind of cluelessness is rare. More common are the subtle missteps or omissions that can cause one candidate to lose out to another. If one person is sending out the right signals and behaving in the right way through each step of the process, he or she has a much better chance of landing the job – even with an inferior resume.
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How working parents can find jobs in a Recession (Business Week 16 Sep)
How Working Parents Can Find Jobs In a Recession
Posted by: Lauren Young on September 16
Even if the recession is over, the outlook for job seekers remains bleak.
I asked Tory Johnson (pictured here), who is chief executive officer of Women For Hire and author of Fired to Hired, to offer her career advice in an unsettled economy.
Question: Unemployment figures show that more men are out of work than women. What are your thoughts on this trend and how it is impacting workers?
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Singapore-born porn actress killed in California (Sunday Times 20 Sep)
S’pore-born porn actress killed in California
31-year-old beaten and suffocated; boyfriend charged with torture, murder
By Jamie Ee Wen Wei
In one of her MySpace accounts, Miss Felicia Lee wrote in her profile: ‘Growing up, I lived in many different places. But I was born and raised in Singapore. My family and I moved around a lot!’ Her family reportedly moved to Los Angeles, California, when she was 13.
A Singapore-born porn actress has been found dead in her apartment in the small city of Monrovia in Southern California.
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What it takes for foreigners to integrate in Singapore (Sunday Times 20 Sep)
What it takes for foreigners to integrate in S’pore
By Radha Basu, Senior Correspondent
At an in-house course a couple of months ago, a colleague voiced her deep apprehension about being crowded out of her ‘own backyard’. At MRT stations and offices, parks and pubs, she bumped into people whose accents and attire advertised their foreignness. Almost overnight, ‘they’ had overrun her tiny nation, she said.
She rationalised that she knew the nation needed foreigners to sustain its economic growth. But her heart, alas, sang a different tune. She felt upset, isolated. A stranger in her own home. Her predicament was not unique.
