“Remaining employed at a company for longer than 2 years at a time can hurt your lifetime earnings by 50 percent.” This news caught my eye as I was doing my daily browsing a week ago. As someone who had itchy feet and switched employers 3 times in 3 years after I left college, I felt vindicated. I remember my parents advising me I should not leave so soon, employers telling me I was giving up too quickly, colleagues saying I will be hurting my career. But when you have to go, you have to go, and I felt during those times that even just one day more will be one day too late. Back to the news I read, it was about a recent study conducted among employees in the United States. Carried out by The Harris Poll with 1,010 full-time private sector employees, 32 percent of the respondents said they plan to find a new job this year. The survey was commissioned by employment website CareerBuilder. What’s more, 29 percent admitted they regularly search for new jobs while … [Read more...] about Jumping jobs can be good for you
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3,230 workers were retrenched in the first quarter of 2019, compared with 2,510 in the last quarter of 2018. That's a big spike. There's also been a spate of high-profile retrenchments that just won't fade from our memory, including the SPH retrenchment exercise in 2018 that saw their headcount reduced by about 10 per cent. Then there was the StarHub retrenchment exercise during the same period which saw about 300 full-time employees losing their jobs. Just a few days ago, Deutsche Bank announced that they're going to undertake a huge retrenchment exercise affecting their offices in Asia, so the Singapore office is holding its breath. Singapore tends to be overwhelmingly pro-business, which translates to weak employee rights. There are actually some rules pertaining to retrenchment as set out by MOM, but how much protection do they really offer? Well, guess what, employers are actually obliged to pay retrenchment benefits to employees who have served the company for at least two years. … [Read more...] about What are the MOM retrenchment benefits in Singapore?
Like most other Thais, Chutima Dumsuwan has hundreds of images in her smartphone’s photo album. Unlike others though, most of them are portraits of her clients rather than pictures of her friends and family members. That’s because Chutima is a member of a new breed of consultants and her main responsibility is ensuring her clients present themselves properly and smartly and that what they write about on their Facebook and Instagram feeds isn’t going to come back and bite them. Like a double-edged sword, social networks can be friendly as well as vicious. Just one word or one picture posted on the online platforms can launch you to stardom or catastrophe overnight. And it’s no longer possible to opt out. Everyone needs some kind of social media presence, even more so if they happen to be the top figures in their companies or a celebrity. Traditional media like newspapers and television are all very well but they have limited space to offer. Executives are … [Read more...] about It’s all about IMAGE
HONG KONG: Shares in firms linked to Chinese online retail titan Alibaba were mixed Friday a day after rallying on a report it had filed for a Hong Kong listing that could be the city’s biggest initial public offering for almost a decade. A share sale in the city by the firm would mark a success for Beijing, which is seeking to encourage its tech titans to list closer to home, having been stung by IPOs in New York by homegrown firms including Alibaba and search engine giant Baidu. Alibaba made the filing this week without the need for financial disclosures, according to Bloomberg News, which added that it had chosen China International Capital Corp. and Credit Suisse Group AG as its lead banks. If it raises its potential US$20 billion (RM83.35 billion), the offering would be the biggest in Hong Kong since insurance firm AIA raised US$20.5 billion (RM 85.43 billion). Alibaba raised US$25 billion (RM 104.19 billion) when in listed in New York five years ago, making it the … [Read more...] about Alibaba-linked firms mixed after Hong Kong IPO report
Business Toyota Motor Corp and Panasonic Corp are set to announce plans to establish a joint company to "connect" cars and homes, Kyodo news reported on Thursday, ahead of a joint news conference by the two companies in Tokyo. 09 May 2019 10:45AM Bookmark TOKYO: Toyota Motor Corp and Panasonic Corp are set to announce plans to establish a joint company to "connect" cars and homes, Kyodo news reported on Thursday, ahead of a joint news conference by the two companies in Tokyo.The firms will announce the creation of a new company that would focus on technology that could be used in urban planning, Kyodo said, without citing sources. The companies confirmed that they would hold a joint news conference at 11:30 a.m. (0230 GMT) but have not elaborated.Toyota has been developing a network of connected cars that can share information on vehicle usage and diagnostics - information that could be leveraged for on-demand ride-sharing, insurance and maintenance.A tie-up would deepen … [Read more...] about Toyota, Panasonic to set up firm to connect cars, homes: Kyodo