I would stop short of calling all GLC-linked bosses as 'fatly-paid' mercenaries who devise new costs structures to reduce the wages of the grunts and surbordinates.Originally posted by Atobe:Is it not typical to pay the top the highest possible obscene pay, so that he can think of ways to cut all possible costs of all stratas below his level so as to make it profitable ?
What is the cost of the top level management as a percentage to the total wage bill, and comparing it to the man hours of productive activity that will generate profit measurable in units of currency ?
It will be obvious that those at the bottom levels put together will produce a higher productive output that generate most of the profit in the organisation compared to any that can be measured from those at the top levels.
Sadly, management always justify their high wages and will always attempt to cut the costs of those at the bottom, whose combined total will weigh heavier.
Unfortunately, short sighted management will fail to recognise that it is the combined effort of those at the bottom that generate the profit output from the total economic enterprise.
How to leave when most are bonded by Training Bonds? And yes, foreign pilots do leave after their bonds are over.Originally posted by oxford mushroom:Market forces will decide. There are plenty of airlines around...market forces and competition will determine the most equitable salary package. If the pilots think they can get a better pay elsewhere, go!
I think the concern is not whether pilots take off and run for better pay. It's the dearth of talent left behind.Originally posted by oxford mushroom:Market forces will decide. There are plenty of airlines around...market forces and competition will determine the most equitable salary package. If the pilots think they can get a better pay elsewhere, go!
I don't know about you, but I was in a certain GLC, that announced retrenchment soon after I joined.Originally posted by BillyBong:I would stop short of calling all GLC-linked bosses as 'fatly-paid' mercenaries who devise new costs structures to reduce the wages of the grunts and surbordinates.
Some are indeed ethical, especially from my time in a large GLC.
However, they lack certain examples which promote a long-lost virtue of employees - company loyalty. With the onset of high wages, everyone is looking to improve their salaries. It's a no-brainer. If another company comes in with a better offer, 10 to 1 the employee won't even think twice.
In local Japanese companies that i have worked, during the height of the east asian economic crisis, top management took a 20% pay cut, compared to a 10% for lower level managers and 5% for the average technician. These efforts were made to preserve jobs, citing the mass lay-offs at SIA during this time (pilots included).
As a result of this lesson, the MVC was introduced into the employment contract to ensure no repeats of such poorly handled incidents.
Yet having worked with several mainland Japs, i find that these people have a deep sense of loyalty to whichever company they join, so much so that many of them see themselves working there for life.
Leadership by example seems to be preached very often, but apparently not openly practiced by local govt linked firms.
All I know is that SIA is walking down the same old path that all SG GLCs walk, going down the "CHEAP and GOOD" path again.Originally posted by BillyBong:I think the concern is not whether pilots take off and run for better pay. It's the dearth of talent left behind.
More than that, the reputation of SIA is at stake. Imagine the market forces that will repel potential pilot application when seasoned veterans learn that a top notch carrier like SIA is unwilling to pay top salaries.
The argument of the airline management is furthermore completely unsound. Comparing VPs to Pilots? There is no basis given the apple to orange comparison. What about differences in benefits, bonuses, club memberships, special privileges for VPs? And VPs are not even at the top of the food chain whereas pilots hitting 'captain' will max out their career paths.
Are VPs responsible for passenger lives on a daily basis? Can they therefore be compared in terms of salary base, given their nice comfy air-conditioned office?
SIA can possibly mislead the public to some extent, but after the ministerial debacle, not everyone's a fool.
It's obvious that your company was reducing its wage cost, getting younger and 'cheaper' labour to replace their aging hands, who incidently form the 'high earners' catagory.Originally posted by soul_rage:And after retrenchment? They started hiring again! So what's the basis of the retrenchment then? Just for show?
Till now, you see what the govt is doing again. 'Its good to raise GST in good times than in bad times', 'Its good to raise ministerial pay in good times than in bad times'. Whole day, the same old govt excuse.
So if you know you need to s**t in the toilet everyday, tell me, are you going to squat there the entire day and wait, coz its good to be there beforehand and prepare to s**t, than to wait till you want to s**t and then find a toilet?
I would like to further add that, on top of retrenchment, they took the opportunity to cut pay + pay freeze. Great eh? Reason? Oh its good to freeze pay now in good times than to do it in bad times.Originally posted by BillyBong:It's obvious that your company was reducing its wage cost, getting younger and 'cheaper' labour to replace their aging hands, who incidently form the 'high earners' catagory.
This is consistent with some neutral observations: why are the old birds at the top keeping their jobs while those lower down the food chain are being axed? Are they staying relevant by sacking the lower rungs to suit their needs? What about pay cuts as an option?
This level of dissent can never be understood by those isolated in ivory towers.
your common argument often deployed in your postings of `not happy, ah, get lost lah....' is both myopic and dangerous.Originally posted by oxford mushroom:Market forces will decide. There are plenty of airlines around...market forces and competition will determine the most equitable salary package. If the pilots think they can get a better pay elsewhere, go!
Originally posted by oxford mushroom:This government had never accepted market conditions, and will manipulate the various conditions to create a new set of conditions to suit itself. This has been seen in the manner that it intervenes when COE hit the bottom levels, which explains the non-transparency in the COE process - as in the operation of this Government and all its GLCs.
Market forces will decide. There are plenty of airlines around...market forces and competition will determine the most equitable salary package. If the pilots think they can get a better pay elsewhere, go!
Originally posted by BillyBong:Unfortunately, not every GLCs offer the same experience that you were fortunate enough to receive.
I would stop short of calling all GLC-linked bosses as 'fatly-paid' mercenaries who devise new costs structures to reduce the wages of the grunts and surbordinates.
Some are indeed ethical, especially from my time in a large GLC.
However, they lack certain examples which promote a long-lost virtue of employees - company loyalty. With the onset of high wages, everyone is looking to improve their salaries. It's a no-brainer. If another company comes in with a better offer, 10 to 1 the employee won't even think twice.
In local Japanese companies that i have worked, during the height of the east asian economic crisis, top management took a 20% pay cut, compared to a 10% for lower level managers and 5% for the average technician. These efforts were made to preserve jobs, citing the mass lay-offs at SIA during this time (pilots included).
As a result of this lesson, the MVC was introduced into the employment contract to ensure no repeats of such poorly handled incidents.
Yet having worked with several mainland Japs, i find that these people have a deep sense of loyalty to whichever company they join, so much so that many of them see themselves working there for life.
Leadership by example seems to be preached very often, but apparently not openly practiced by local govt linked firms.
It is a "Head I win, Tail You Lose" pragmatic system. When Hotel New World collapsed, there will be all the grandiose talks without taking responsibility for negligence in failing to check structures and misalignments of pile caps.Originally posted by Atobe:Unfortunately, not every GLCs offer the same experience that you were fortunate enough to receive.
Some of the GLC heads are - more often than not - political appointees and act as if they are 'little LKYs' governing their own 'little red dots'.
LKY was known to have admired the Japanese Corporate Leadership for taking personal responsibility for the failings of their subordinate and that of its organisation; some of whom willingly step down as a reflection of personal contrition and acceptance of responsibility.
LKY lamented that such a principled philosophy is not part of local culture.
Should we need to wonder why - when it is characteristic of local leadership not practicing what it expect other Singaporeans to do ?
oh really, he said that?Originally posted by Atobe:Unfortunately, not every GLCs offer the same experience that you were fortunate enough to receive.
Some of the GLC heads are - more often than not - political appointees and act as if they are 'little LKYs' governing their own 'little red dots'.
LKY was known to have admired the Japanese Corporate Leadership for taking personal responsibility for the failings of their subordinate and that of its organisation; some of whom willingly step down as a reflection of personal contrition and acceptance of responsibility.
LKY lamented that such a principled philosophy is not part of local culture.
Should we need to wonder why - when it is characteristic of local leadership not practicing what it expect other Singaporeans to do ?
That's an excuse used by all authoritarian regimes - nothing exclusive to this one in particular.Originally posted by soul_rage:oh really, he said that?
I recall a certain Mah Bow Tan vanishing for several days when the MRT derail, not daring to even appear to talk about it
I recall our govt saying something like, because our country is small and our talent limited, we cannot practise what other countries practise, that is, leaders step down to take responsibility, otherwise we will lose our limited talent (a term they give themselves, not the people give to them).
we cannot practise what other countries practise, that is, leaders step down to take responsibilityOriginally posted by soul_rage:oh really, he said that?
I recall a certain Mah Bow Tan vanishing for several days when the MRT derail, not daring to even appear to talk about it
I recall our govt saying something like, because our country is small and our talent limited, we cannot practise what other countries practise, that is, leaders step down to take responsibility, otherwise we will lose our limited talent (a term they give themselves, not the people give to them).
"I've got nothing against money. I'd like to have money myself! I'd like to have a house and a garden and dogs and a car and a chauffeur but, look, I've got a flat. I've got a swimming pool attached to the flat. I've not even got a car but I use taxis. I have a dignified way of life without being wealthy.
I don't see the necessity of owning a Mercedes-Benz and a swimming pool and a couple of mistresses. I think we've got our values all wrong.
You know $96,000 a month for a Prime Minister and $60,000 a month for a minister. What the hell do you do with all that money? You can't eat it! What do you do with it? Your children don't need all that money.
My children have had the best of education. In fact, I'm very proud of them. One of them is a senior registrar to two major hospitals in Oxford. Another of them is a consultant in European law to the Securities and Investment Board in the United Kingdom. They've had their education. There are no complaints.
I never earned $60,000 a month or $90,000 a month. When I was Chief Minister, I earned $8,000 a month. Look, what is happening today is we are encouraged to and are becoming worshippers of the Golden Calf.
We have lost sight of the joy and excitement of public service, helping our fellow men. The joy and excitement of seeking and understanding of the joy of the miracle of the living the duty and the grandeur. We have lost taste for heroic action in the service of our people.
We have become good bourgeois seeking comfort, security. It's like seeking a crystal coffin and being fed by intravenous injections through pipes in the crystal coffin; crystal coffins stuck with certificates of your pragmatic abilities."
- the late former Chief Minister of Singapore, David Marshall in 1994 -