The Next Big Crash - Are You Prepared?

[hyom]

Well, u dun want to have pple hopping jobs too often. If u scold them or they dun feel comfotable, they might just resign. I think staff loyalty today is unlike the prev generation where pple stay in a company for a good 20yrs. Now i dun think thats very common. I think pple today view job satisfaction as top. Pay can be good but if too stressful n eat into their private time, it wun be too long before they wld harbpur thoughts of leaving.
Its work-life balance in today's singapore.
Correct me if my thinking is off route.

I think it depends on whether the employee thinks there is a future for him if he stays on in the company. If a person has lost his job a couple of times in the past despite putting in long hours, it is easy to be disillusioned. This can happen if he works in a dying industry. Hard to expect an employee to make sacrifice if he doesn't think his sacrifice will be rewarded tomorrow.

Sometimes, the company makes good profits but the boss keeps most of the profits to himself. This happens mostly in our SMEs and hardly inspires loyalty. However, if an employee is able to afford a BMW and the boss drives a 9-year-old car, this speaks very well for the generosity of the boss Shouldn't be a problem to cultivate loyal workers in such a company.

Another advantage to have employees who drive BMW is that they create very good impression on candidates coming for job interviews. The impression will not be as good if the boss drives BMW while employees drive 9-year-old cars or rely on their 2 legs(unfortunately, this is the norm).