EVEN as firms are emerging from the recession, they face a potential problem - unhappy workers who are frustrated with their pay cuts and headcount freezes over the past year.
In the new economy , employers will have no loyalty towards workers.
When they need you , they will pay you.
When they don't need you , you will be retrench.
if you don't take advantage now , you will not become financially independent before age 40 ,
By then you will be at the mercy of the employers who will tell you :-
"Take it or leave it " because we have younger foreigners who are willing to accept a lower pay then you and have the same or better skill set that you have.
We have laws than can cut your wages once you are considered by your employers or the law as "OLDER " workers once you cross a certain age.
Only be TRUE and LOYAL to yourself... For the rest of the world... Let them take care of their own problems..
How much is a kg of loyalty? Go to the supermarts and try to exchange "loyalty" for food. It does not work.
Good advice, "whack" all you can before 40. Take care of oneself first.
companies ought to be aware that cost cuts and rewards are part and parcel of a good corporate culture. it embodies mutual respect, understanding and expectation between the staff and the company during good and bad times..
I'm feeling the "sweat debt". My company had wage freeze and bonus cut last year. This year is also not great as our bottom-line looks even worse than last year.
It doesn't help that my boss is not strong. Other colleagues working under more powerful bosses are more insulated during staff moderation exercises. It's not how well you perform, but how well your boss can defend you (if he wants to in the first place!).
It's a free market. If there's another employer willing to pay more and make better use of my qualifications, experience and skills, I would seriously consider.
November 03, 2009 Tuesday, 05:05 AM
