[EvertonDiehard]

Retrenchment is the preferred method for employers to make sharp short term cost reductions to regain a competitive edge. This mainstream practice to incur a one‐time cost to gain annual savings appears to be grounded in sound financial logic. However, forced lay-offs may actually cause companies to sustain higher longer term costs. Do you agree?

[Tangsen]

[Wy:Nox]

Should lay- off FTs and PRs because it will make them millionaires when they return back home.

[RiseofAsia]

AI wave is unstoppable, many jobs will be lost. Still thinking mass importing will create growth will not happen in the near future.

Can’t imagine AI can clone another you to do the job.

[forum456]

Retrenchment is the preferred method for employers to make sharp short term cost reductions to regain a competitive edge. This mainstream practice to incur a one‐time cost to gain annual savings appears to be grounded in sound financial logic. However, forced lay-offs may actually cause companies to sustain higher longer term costs. Do you agree?

totally disagree.

in singapore, there is no law that employers must pay retrenchment benefits.
there is no cost involved by forced lay-off.

[EvertonDiehard]

totally disagree. in singapore, there is no law that employers must pay retrenchment benefits. there is no cost involved by forced lay-off.

Do not be too quick to reply when you have not considered carefully that the impact of staff reductions include knowledge gaps left by experienced departing personnel. Staff morale is always generally lower in the few days following the first wave of retrenchments even though operations may continue relatively smoothly. When companies scrutinise their balance sheet, they may overlook the organisational costs of retrenching a substantial number of staff in one fell swoop.  Businesses may soon discover that they are unable to adequately replace key long term employees who understand the organisation, its clients and critical processes. The result may be a decrease in revenue as well as productivity.

[EvertonDiehard]

Should lay- off FTs and PRs because it will make them millionaires when they return back home.

Most FTs and PRs see S'pore as their office where they earn a living for a short period of time, but will probably not make their permanent home here because it is simply too crowded and expensive.

[Ola]

Just sack the FTs & PRs who are at 50% percentile

And get them to pass the jobs to the remaining people in the office

Now RECESSION! The market is slowing down.

I am sure companies can spend 6 to 8 mths training citizens.

[EvertonDiehard]

AI wave is unstoppable, many jobs will be lost. Still thinking mass importing will create growth will not happen in the near future. Can’t imagine AI can clone another you to do the job.

Even human physicians cannot be totally objective. Their years of training and experience influence them to make decisions based on a degree of preconceived notions. This is why AI is pushing computing into the realms of medicine. In fact, automation in terms of algorithms may eventually replace up to 80% of doctors because big data combined with computational strength, is more accurate and objective than the human mind.

[EvertonDiehard]

Just sack the FTs & PRs who are at 50% percentile. And get them to pass the jobs to the remaining people in the office. Now RECESSION! The market is slowing down. I am sure companies can spend 6 to 8 mths training citizens.

Why do S'poreans bear the brunt of retrenchments instead of foreigners? It is simply because most locals have nowhere else to go. If foreigners get laid off, they will most likely pack up and return home, which goes against the Govt's policy of attracting new citizens.     

[Ola]

Why do S'poreans bear the brunt of retrenchments instead of foreigners? It is simply because most locals have nowhere else to go. If foreigners get laid off, they will most likely pack up and return home, which goes against the Govt's policy of attracting new citizens.     

The problem is that PAP attracted a big bunch of Fake Foreign Talents

Many of them we do not need at all

But over the years, received 4 or 5 years of Full- OJT Training

but paid $6k/ $7k (nominal wages) like my ex- company IT Consultants 

and maybe even got PR status in SG for no valid reason

They attracted lots of mosquitoes because PAP has too many garbage around.

[Ola]

FTs without ACCA or CPA can come here to work as Financial Controller

FTs without holding SG Employment Diploma also can work as a HR

What else have they breached?

[EvertonDiehard]

The problem is that PAP attracted a big bunch of Fake Foreign Talents Many of them we do not need at all But over the years, received 4 or 5 years of Full- OJT Training but paid $6k/ $7k (nominal wages) like my ex- company IT Consultants and maybe even got PR status in SG for no valid reason They attracted lots of mosquitoes because PAP has too many garbage around.

What is indeed worrying is that many of these fake talents end up obtaining S'pore citizenship and PR, paving the way for even more Indians with counterfeit qualifications to enter on employment passes. More and more true blue S'poreans will be displaced over time. It seems like jobs for foreigners, NS for local men and pay hike for our Ministers.  

[Tangsen]

What is indeed worrying is that many of these fake talents end up obtaining S'pore citizenship and PR, paving the way for even more Indians with counterfeit qualifications to enter on employment passes. More and more true blue S'poreans will be displaced over time. It seems like jobs for foreigners, NS for local men and pay hike for our Ministers.  

Did the opposition bring this up and offer solutions? I am beginning to hate the opposition more than the white thieves .... kenna POFMAMA here POFAMAMA there ... keep shooting themselves in the foot.

[EvertonDiehard]

Did the opposition bring this up and offer solutions? I am beginning to hate the opposition more than the white thieves .... kenna POFMAMA here POFAMAMA there ... keep shooting themselves in the foot.

This is why in spite of all the hardship policies coming from the MIW, they still garnered 60% of the votes during the last GE. It is because we do not have a credible Opposition i.e. no alternative voice in Parliament.

[Tangsen]

This is why in spite of all the hardship policies coming from the MIW, they still garnered 60% of the votes during the last GE. It is because we do not have a credible Opposition i.e. no alternative voice in Parliament.

All the opposition are useless bunch of toads … good at self-judging. Some talk like a retard, some speak like they are drunk and high on drugs ….. I use to support oppositions …. seriously they are like our football team … scraping the bottom of the barrel