Business and Money Tips

Because of the tight labour policies adopted by the government since 2011, every organization, from government agencies to MNCs, from small enterprises to professional firms, from F & B establishments to manufacturing, are facing labour shortage.  This has brought about the following 5 common frustrations: Overworked staff , leading to fewer people wanting to join your industry and making new people leaving faster than before. Such outcomes only aggravate the situation and leave the overworked staff even more overworked Giving Up Opportunities to Expand Business .  Business opportunities are plentiful, but there is simply no one to do the work.  Not to talk about overseas expansions, even expanding from Payer Lebar to Potong Pasir poses logistics problems for companies Customer Service Compromised .  Unfortunately customers still expect the same level of service as before, even when there are fewer people doing the work.  Many a times managers and even...

(Read 4 Weeks to a Better Manager at here ) We know that with the Singapore's economy growing at 3% to 4% this year, companies should be enjoying at least 5% to 10% of sales growth.  Yet many businesses that I talked to, including the famous restaurant at Orchard Road that I attended, are seeing stagnant sales.  Some are even experiencing declining sales.  Why? Lack of Labour . Because of the low birth rates from 1990 onwards, there are far fewer job seekers than job providers.  This, coupled with the continued tightening of foreign labour, means that it is the lack of labour, not lack of customers, that is causing sales to stagnant .  Is there a solution? The solution must be a permanent one, that is, it should once and for all solve this labour shortage problem, at least for the next 10 to 20 years. It should also not increase the cost of doing business , yet at the same time does not require government's funding.  What is this perfect solution? ...