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12/24/2006

how wrong ntuc leaders were?

While the NTUC leaders were mulling over the increase in CPF contribution of employers, they are conscious of how any increase will affect our competitiveness and the concerns of employers. John De Payva commented that 'Employers have said the increase in CPF contibution may result in them lowering the annual wage increase...' Its a case of LPPL. You pay here you cut there. So more CPF, less increments. 'On the other hand Lim Swee Say noted that some employers did not want the rate to be raised.' How wrong can the two be. Consult the views of our foreign talents and they will get a surprisingly different picture. This is what Faruq Shadhili(foreign talent) said, 'Foreign companies are eager to raise the CPF contributions for employees.' Or maybe Fauq is referring only to foreign employers while the NTUC leaders were referring to local employers. And foreign employers like Singapore so much that they are willing to pay more to Singaporeans and will not relocate to China or India. The NTUC must engage some of these foreign talents to get a better feel of the real situation on the ground. And they are relatively cheaper to hire. Good value for money.

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