As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

Currently; it about 54% to destination!


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Wednesday, 31 October 2012

Singaporeans suffer depressing work-life balance: survey

88% revealed they work beyond official hours.

According to a recent JobStreet.com survey on work-life balance in Singapore, 88% of workers surveyed revealed that they were working beyond their official hours.

Here's more from JobStreet.com:

The main reason cited for working overtime was unreasonable deadlines and overloading of work.
 
Beyond working hours, 70% chose to complete unfinished work in the office while the remaining 30% chose to bring work home.

Only 30% of the respondents claimed that their companies had initiatives in place to promote work-life balance. Flexible work arrangement was identified as the most common initiative practiced by companies.

The survey also revealed a couple of interesting facts:

• 45% indicated that the company pays lip service to work-life balance with policies in place just for show

42% indicated that they chose not to use the company’s initiatives for work-life balance with majority citing the concerns of receiving an inferior performance review as the main reason.


On the second point, 74% of employers surveyed were quick to proclaim that they do not view workers who use the company’s work-life balance initiatives as less committed to their jobs.

Workers identified overloading of work and high pressured deadlines as the main reasons for not being able to achieve work-life balance in Singapore.

Said one respondent, “The work-life balance  initiatives introduced by companies do not solve the root cause towards why employees can't enjoy  work-life balance. Workload is the pertinent issue hence there should be initiatives to ensure realistic allocation of work for each worker or sufficient manpower to sustain the expected workload.”

Concerns about affecting the company’s bottom line as well as employees potentially abusing the system were listed as the main reason. Respondents suggested corporate tax relief and enforcement of policies as steps that the government can take to encourage more companies to promote work-life balance at the workplace.

About 650 workers and 135 employers participated in the survey that was conducted by JobStreet.com in September 2012. 
 

2 comments:

  1. Don't forget who actually is the largest or biggest employer in Singapore as a whole. We will never reach the WEST's standard of employment as long as we believe totally in "Meritocracy". To the the extend that everyman for himself. if you can't catch up too bad. Can't be help, Meritocracy comes first.

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