Uncertainties of Dec’08

Few days ago heard that one of the company nearby my house declared no bonus and no salary increment for this year. I beg most of the employees will be demotivated after listen to it.

Everyone is looking forward for the BONUS and Salary Increment at every year end (December). Most of the company will rate their employees by their superior appraisal report, based on that, they will decide the percentage of adjustment.

For some company will practice 13th month bonus, it means company confirm will give a month Bonus as month 13th salary (Based on 52weeks working a year, 52/4 = 13 months calculation). They will give additional Bonus based on the appraisal, for those who work hard and performs well might get another 4 months Bonus. To those who lazy and under performs might get nothing in this evaluation.

I personally kinda shock to hear about above mentioned company declared such kind of direction during this moment (World economy crisis). It is an UK based company, strong in foundation, yet faced the financial problem too. I can’t imagine how the local company react on current situation?

Salary deduction to keep company continue running? It’s practical because one of the inter state flight company, their employees actually volunteer to deduct their own salary by 10~30% to help company overcome the financial problem, to keep the company running and that the only way to keep our job. Finally the flight company success to get through the tough time by everybody hard work. Is their ideas/concept in our Malaysia working class mind-set? Nope, I don’t think so.

If a company ask their employees to accept the severe condition as NO BONUS, NO SALARY INCREMENT and NO MORE OVERTIME CLAIMS. I’m so sure that many people will leave the company and seek for other opportunities, they would not think twice. That’s the immature thinking of local work forces.

In end of 2008, we faced financial crisis, so many question appeared around us, why? what? when? how? So many uncertainties… I would like to advice everyone to stay in their current job, secure your job is the only thing you can do now. The world condition is very bad, while you’re in the green room, don’t curious about the outside world which is unknown~


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4 Responses to Uncertainties of Dec’08

  1. Beverly’s Secret 2008 December 3 at 3:48 pm | Permalink |

    Economy turmoil and financial crisis are the hottest topic right now! Even toilet cleaner is able to share his opinions for on-going…

    One wisdom word.. Save now for the rainy day (i’m talking to myself obviously)!

    Beverly’s Secrets last blog post..Hang In There

  2. Marvin 2008 December 3 at 7:59 pm | Permalink |

    Not surprising, even the largest banks in the world are either going bust or cutting jobs.
    Citibank and HSBC is cutting employment all over the world.
    We got to be prudent and careful in these period.

  3. DSvT 2008 December 4 at 7:52 am | Permalink |

    Beverly:
    Hahaha…
    I think that one also I need to remind myself most of the time…
    But I think need to wait after I buy my Nikon D90 then only I practice it…
    Hehehe…

    Marvin:
    Thanks for the visit…
    Yeah, I heard many big MNC keep on lay-off their staff, hopefully we all manage to keep ourself safe thru this period

  4. Nikon D90 Reviews 2009 November 28 at 10:14 am | Permalink |

    @ Beverly: Yeah I’m saving up for the Nikon D90 too. It’s a little expensive, but one of the best cameras on the market right now. I hope you (and I!) can afford one soon…

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