1.The government will be introducing new law on retirement age covering all sectors. Moving towards 60 years. This is due to increase in our life expectancy.
2.Whilst in principle it is good but whether a blanket approach is a wise move or not yet to be seen.
3.For certain categories, retiring at 60 years of age would really be of challenge whilst others would be good as 55 years is still young to retire if one is still healthy and productive.
4.Whatever it may be, we should not frustrate the young generations who are eager to move up the ladder.
5.For new entrant into the workforce or those moving into new contract of employment 60 years of age for retirement would be appropriate.
6.In summary, we should not have a blanket approach on retroactive and if it is still a need to do it must be with conditions eg health and performance.
7.We in Malaysia tend to be on knee jerk reaction in introducing new things.
Saturday, 7 May 2011
Friday, 6 May 2011
Minimum Wage
1. I watched TV1 Bicara Rakyat tonight 6th May 2011 on Minimum Wage. I think the deliberation and representation were not appropriate.
2. The Deputy Minister of HR was making more of political slant statement without giving balanced views on the issue. No appropriate recognition was given to employers.
3. Cuepacs President was more emotional when giving his views.
4. The representative of MTUC was more calm and composed.
5. Whilst I support the idea of paying wages above poverty line, the productivity and skills must not be forgotten.
6. No point having minimum wage when it eventually lead to increasing cost structure without increasing in productivity.
7. This would put the nation to be less competitive in the global arena.
8. Proper definition of wages must be made clear first.
9. Poverty line of RM800 must be defined.
10. Productivity and skills certification must be made as conditions to raising the level of wage.
11. Does the unions themselves pay a reasonable minimum wage to all their employees all these while?
2. The Deputy Minister of HR was making more of political slant statement without giving balanced views on the issue. No appropriate recognition was given to employers.
3. Cuepacs President was more emotional when giving his views.
4. The representative of MTUC was more calm and composed.
5. Whilst I support the idea of paying wages above poverty line, the productivity and skills must not be forgotten.
6. No point having minimum wage when it eventually lead to increasing cost structure without increasing in productivity.
7. This would put the nation to be less competitive in the global arena.
8. Proper definition of wages must be made clear first.
9. Poverty line of RM800 must be defined.
10. Productivity and skills certification must be made as conditions to raising the level of wage.
11. Does the unions themselves pay a reasonable minimum wage to all their employees all these while?
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