pay according to performance

NWC linked pay hike with productivity The NWC recommendation suggested that employers should pay employees more when there is an increase in productivity. I think this is a bit tedious to compute. An easier way will be to commission a salary survey on comparative wage levels and then adjust the salaries accordingly when they are found to be lower than the market. It will be more objective and impartial if done by a neutral party. This is especially effective and applicable when productivity is very difficult to measure. And sometimes the lower productivity or performance could be due market forces or events beyond the employees control. And at the lower level, their performance will often be affected by many more factors, including those of their bosses.

A new buzz, a fiasco

There is a new kind of buzz in town, one that is being repeated quite often these days and would tarnish the Singapore brand. We are reputed as a country where all things work. Once we put up something, we can sleep in peace that it will be successful. The University of NSW closed down after only two months and with 148 students, Singaporeans and foreigners, stranded. It would not happen if it was a Singapore run university. We don't do this kind of things. But even if it is an Australian university, it happens in our land and we will somehow be linked to it. Our Singapore brand cannot keep getting this kind of bashing. And the students were only told after the decision to close was made and announced. Well, only 148. No big deal. Anyway, they should expect such things can happen to a new set up that does not have a Singapore brand. It is caveat emptor. They went in with their eyes open and knew the risk. In a way it is also a kind of progress for Singapore. It shows that we are taking more risk and even risky projects that were not well thought through and with insufficient finances. This is good for Singapore as we will become a riskier country that encourages everyone to be more cautious and risk aware.

Return of the Knight

It is good that Glen Knight is allowed to practise his trade again. He had gone through very rough time and had paid a very heavy price for his mistakes. He took the punishment gentlemanly and quietly and had lived a life of a reform man, in the wilderness. Though the reason to take him back into the law fraternity was because of the good words of eminent lawyers, I am more impressed by Knight himself. He is every inch a repent man. He went about his life in his darkest hours, alone, far from the main stream of all the glamorous happenings. He could be a very rich man today if not of the lapses in his life. He deserves to start life anew, albeit too late. He was out cold for too long for not too major offences that he committed. It is good that he is given a second chance.

Legalise insider trading

A letter from a Charles Tan in the Today paper suggested that insider trading should be legalised. There is nothing for me say when people cannot see what this will lead to. But this is another brutal truth. When one is in a position of power or authority and accessible to sensitve information, connections etc, it is ok to take advantage of the situation to fatten one's pocket. Are we ready for the Singapore of the future?

Why is Singapore trying to explain the IDR Committee

Why is Singapore trying to explain the IDR Committee Why is Singapore taking on the task to explain to the Malaysians that we have no interest in meddling with Malaysian affairs or taking over the sovereignty of the IDR through the joint committee? It is a red herring that we should not be involved. The more we try to explain a stupidity, the more will stupid people read into our intention when there is none. The IDR is a Malaysian proposal to be developed in Malaysian soil. To have Malaysians questioning their own ability to manage the IDR and even toying with the fear of losing their sovereignty is unbelieveable. Unless the Malaysians are really that low in their ability to give away their sovereignty without knowing. Maybe this is possible and their concern is real. Don't they have talented people to manage the IDR to their advantage? And maintaining sovereignty within one's soil, with the full support of the law and the law enforcing agencies, you do not need much brains to do that. How could the village chiefs even think that it is clever to suggest that it can happen? Singapore is best to shut up and let them play their own political wayang. It is not very clever of us to try to explain away their self created paranoia.