<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR>BEST PAID Ministers exempted?
Would you rather work less or lose your job?
</TR><!-- headline one : end --><TR>A shorter work week could turn out to be the best way to beat layoffs in the downturn, Jamie Ee Wen Wei reports. </TR><!-- show image if available --></TBODY></TABLE>
<!-- START OF : div id="storytext"--><!-- more than 4 paragraphs -->In April, Ms L.C. Tay will work one day less every other week.
Her salary will also be cut by about 10 per cent.
This comes after MediaCorp, her employer, announced cost-cutting measures last month to cope with the economic slowdown.
But the 35-year-old executive is unfazed. 'In such a climate, any cost-cutting is to be expected,' she said.
'I'm actually quite happy that I can work a shorter work week. It makes for a more balanced work life.'
The idea of a shorter work week is becoming more attractive to companies here trying to stay afloat while saving jobs.
Since last November, more than 18,000 workers from unionised companies have gone on a shorter work week. They now work from three to five days.
Singapore is not alone in adopting such a measure.
Across the Causeway, Malaysian businesses have also shortened their work week to save jobs. Falling demand for exports there has seen several factories closing.
In Taiwan, the practice of making workers take unpaid leave, euphemistically called 'unpaid vacation', has spread to key sectors such as liquid crystal display manufacturing.
Tens of thousands of businesses in Britain are also scaling back on working hours this year, with workers facing a return to a three-day work week. In the 1970s, the Labour government had allowed this, to save electricity following industrial action.
Here, as the current slowdown bites harder, more workers are likely to be put on a shorter work week, no doubt partly as companies respond to calls by the Government and unions to consider this alternative to retrenchment.
Last November, the Ministry of Manpower, Singapore National Employers Federation and the National Trades Union Congress got together and issued a revised set of tripartite guidelines on managing excess manpower.
A shorter work week was among the recommendations to help companies manage excess manpower.
Union leaders and human resource practitioners hailed the recommendation.
Mr David Leong, managing director of PeopleWorldwide Consulting, a human resource firm, felt the shorter work week has become 'necessary' in these difficult times.
'For companies undergoing severe shortage of demands or dry pipelines, manpower deployment is a topmost priority as it may drain cash flow and affect business sustainability,' he said.
'When machine times are down, companies contend with depreciation and loan costs. For excess labour, it is a pure drain if the resource cannot be deployed where they are most productive.'
He said that given the options, including retrenchment, companies should try shortening workers' work week first 'so that they may still have a job while the companies stretch the dollar'.
Mr Rajendran Govindarajoo, president of the Chemical Industries Employees' Union, agrees.
'If you implement a shorter work week, everybody feels a little bit of pain, but if you go for retrenchment, some people will feel a lot of pain,' he said.
He knows of at least 20 plastic and speciality chemicals companies that have recently implemented a shorter work week. Several had wanted to axe jobs, until the unions stepped in.
Echoing his views, Mr David Ang, executive director of Singapore Human Resources Institute, said: 'Between losing a job and working a shorter work week, the choice is quite obvious.'
A shorter work week, however, may translate into pay cuts ranging from 10 per cent to 50 per cent.
One major employer that has made the move to a shorter work week is MediaCorp.
From April, all of its 2,500 employees will work a four-day work week every other week. The company's cost-cutting measures will shave 10 per cent off its annual wage bill.
Mr Ang pointed out that while companies will save on their annual wage bill in such efforts, the bulk of the cost savings will actually come from operation costs.
Kato Spring, which supplies precision parts to TV, mobile phone and printer manufacturers, has shaved off 30 per cent from its electricity bill after it shortened its work week from six to five days and scrapped its shift-work system last November.
<!-- end of for each --><!-- Current Ratings : start --><!-- Current Ratings : end --><!-- vbbintegration : start --><!---vbbTime (Thread ID: 16775) - Start : Sun, 8 Feb 2009 05:05:56:125---><SCRIPT language=javascript>function readCookieVbb() { var errorString = getURLParam("error"); user=getCookie("HTTP_user_id") luser="" if (user!=null) { luser=user.toLowerCase() if (luser == "anonymous" || luser == "anonymous|anonymous") { window.location= p_logoutLink; } } if(user != null && user !=0 && luser!=null && luser != "anonymous" && luser != "anonymous|anonymous") { document.writeln("<table border='0' width='100%' cellspacing='0' id='story_comments' style='display:none'>") document.writeln("<tr id='comments_body' style='display:none'><td colspan='2'>") document.writeln("<table border='0' width='100%' cellspacing='0'>") document.writeln(" <tr ><td class='heading'>Latest comments</td></tr>") document.writeln(" <tr><td id='messageDisplayRegion' width='100%'></td></tr>") document.writeln(" <tr><td align='right'>» Offensive? Unsuitable? Report comment
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Would you rather work less or lose your job?
</TR><!-- headline one : end --><TR>A shorter work week could turn out to be the best way to beat layoffs in the downturn, Jamie Ee Wen Wei reports. </TR><!-- show image if available --></TBODY></TABLE>
<!-- START OF : div id="storytext"--><!-- more than 4 paragraphs -->In April, Ms L.C. Tay will work one day less every other week.
Her salary will also be cut by about 10 per cent.
This comes after MediaCorp, her employer, announced cost-cutting measures last month to cope with the economic slowdown.
But the 35-year-old executive is unfazed. 'In such a climate, any cost-cutting is to be expected,' she said.
'I'm actually quite happy that I can work a shorter work week. It makes for a more balanced work life.'
The idea of a shorter work week is becoming more attractive to companies here trying to stay afloat while saving jobs.
Since last November, more than 18,000 workers from unionised companies have gone on a shorter work week. They now work from three to five days.
Singapore is not alone in adopting such a measure.
Across the Causeway, Malaysian businesses have also shortened their work week to save jobs. Falling demand for exports there has seen several factories closing.
In Taiwan, the practice of making workers take unpaid leave, euphemistically called 'unpaid vacation', has spread to key sectors such as liquid crystal display manufacturing.
Tens of thousands of businesses in Britain are also scaling back on working hours this year, with workers facing a return to a three-day work week. In the 1970s, the Labour government had allowed this, to save electricity following industrial action.
Here, as the current slowdown bites harder, more workers are likely to be put on a shorter work week, no doubt partly as companies respond to calls by the Government and unions to consider this alternative to retrenchment.
Last November, the Ministry of Manpower, Singapore National Employers Federation and the National Trades Union Congress got together and issued a revised set of tripartite guidelines on managing excess manpower.
A shorter work week was among the recommendations to help companies manage excess manpower.
Union leaders and human resource practitioners hailed the recommendation.
Mr David Leong, managing director of PeopleWorldwide Consulting, a human resource firm, felt the shorter work week has become 'necessary' in these difficult times.
'For companies undergoing severe shortage of demands or dry pipelines, manpower deployment is a topmost priority as it may drain cash flow and affect business sustainability,' he said.
'When machine times are down, companies contend with depreciation and loan costs. For excess labour, it is a pure drain if the resource cannot be deployed where they are most productive.'
He said that given the options, including retrenchment, companies should try shortening workers' work week first 'so that they may still have a job while the companies stretch the dollar'.
Mr Rajendran Govindarajoo, president of the Chemical Industries Employees' Union, agrees.
'If you implement a shorter work week, everybody feels a little bit of pain, but if you go for retrenchment, some people will feel a lot of pain,' he said.
He knows of at least 20 plastic and speciality chemicals companies that have recently implemented a shorter work week. Several had wanted to axe jobs, until the unions stepped in.
Echoing his views, Mr David Ang, executive director of Singapore Human Resources Institute, said: 'Between losing a job and working a shorter work week, the choice is quite obvious.'
A shorter work week, however, may translate into pay cuts ranging from 10 per cent to 50 per cent.
One major employer that has made the move to a shorter work week is MediaCorp.
From April, all of its 2,500 employees will work a four-day work week every other week. The company's cost-cutting measures will shave 10 per cent off its annual wage bill.
Mr Ang pointed out that while companies will save on their annual wage bill in such efforts, the bulk of the cost savings will actually come from operation costs.
Kato Spring, which supplies precision parts to TV, mobile phone and printer manufacturers, has shaved off 30 per cent from its electricity bill after it shortened its work week from six to five days and scrapped its shift-work system last November.
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