Job Satisfaction

Originally Posted by Unregistered

There could be some bias. Participation in such surveys is usually voluntary. It could be those who do well and who get good jobs responded to the survey. Those still unemployed or in low paying temporary jobs might have chosen not to respond; they are under-represented.

Thus the results are skewed towards the more optimistic side. Especially if the survey is done by recruitment agencies, they are incentivised to dangle a carrot that is larger than reality to attract people to apply for jobs. Tertiary institutions also tend to play up the employability figures and salaries to show their graduates are highly sought after in the job market, to attract potential students. Even figures provided by government may be massaged or presented in some way to manage public sentiments or for political reasons.

Very true.
Statistics are tools to the users of the tool.

The average wage of Singapore is 3200, and if you get 5200, you are in the top 50 percentile. (source mom wage survey). But when smrt want to raise fare, they use another figure base on another statistics (doesn't the mot and mom coordinate??) they even engage bcg Mc to show the correlation of wage and fare (eyes rolling)

Originally Posted by Unregistered

I worked very hard in my career and was a high flying executive earning big bucks. Today I can retire at the age of just 52 as my fortune is enough to allow me to retire. Many in this forum in their 50s are still struggling at work. My advice to the youngsters here to work hard during your career and you can reap the benefits of early retirement like what I am doing now. Now is the happiest moment of my life.

What defines a high flyer?
Is earning big bucks the means to the end or the end of the end


If a person a does not have a spectacular academic background, can he be a high flyer?
Is cert above merit
Without a good cert, will you get the entrusted position to be a flyer
What about the below 70% cert holder, sell kway tiao?

[tpj2000]

Originally Posted by Unregistered

Share what? This whole thread is very vague.

Is this about:

1. How to find job satisfaction?
2. Employment history?
3. Pros and cons, likes and dislikes of each job?
4. What factors are more important (or less important) for staying in a job?

No. 4. Please

Originally Posted by Unregistered

What defines a high flyer?
Is earning big bucks the means to the end or the end of the end


If a person a does not have a spectacular academic background, can he be a high flyer?
Is cert above merit
Without a good cert, will you get the entrusted position to be a flyer
What about the below 70% cert holder, sell kway tiao?

You should fry his 'kway tiao'

Originally Posted by Unregistered

Very true.
Statistics are tools to the users of the tool.

The average wage of Singapore is 3200, and if you get 5200, you are in the top 50 percentile. (source mom wage survey). But when smrt want to raise fare, they use another figure base on another statistics (doesn't the mot and mom coordinate??) they even engage bcg Mc to show the correlation of wage and fare (eyes rolling)

Which statistic do they use, don't mind sharing?

Originally Posted by Unregistered

Which statistic do they use, don't mind sharing?

Found it. I think it's the Consumer Price Index (CPI).

The recommended revised fare formula is as follows:
Fare Adjustment = Price Index – Productivity Extraction
where Price Index = 0.4 cCPI + 0.4 WI + 0.2 EI

://.mot.gov.sg/news/FRMC%20Report%201%20Nov.pdf

Originally Posted by Unregistered

There could be some bias. Participation in such surveys is usually voluntary. It could be those who do well and who get good jobs responded to the survey. Those still unemployed or in low paying temporary jobs might have chosen not to respond; they are under-represented.

Thus the results are skewed towards the more optimistic side. Especially if the survey is done by recruitment agencies, they are incentivised to dangle a carrot that is larger than reality to attract people to apply for jobs. Tertiary institutions also tend to play up the employability figures and salaries to show their graduates are highly sought after in the job market, to attract potential students. Even figures provided by government may be massaged or presented in some way to manage public sentiments or for political reasons.

true that figures can be massaged but the typical response rate for GES is ~90%. isn't that rather representative of the true performance of the cohort already? trying to bridge the disconnect between GES results and what's offered on the mkt nowadays

Originally Posted by Unregistered

true that figures can be massaged but the typical response rate for GES is ~90%. isn't that rather representative of the true performance of the cohort already? trying to bridge the disconnect between GES results and what's offered on the mkt nowadays

It's not 90%, more of closer to 75%.

But yes, still a rather high %.

Originally Posted by Unregistered

Very true.
Statistics are tools to the users of the tool.

The average wage of Singapore is 3200, and if you get 5200, you are in the top 50 percentile. (source mom wage survey). But when smrt want to raise fare, they use another figure base on another statistics (doesn't the mot and mom coordinate??) they even engage bcg Mc to show the correlation of wage and fare (eyes rolling)

One statistics per ministry, adjust accordingly

This is a good thread. We should focus more on quality of job.

I am 56 and semi retired (please don't fry my kway tiao)
I am in construction. I earn less than 1000 when I started, now about 8000 +/-.
To me, kids already big. Money has less value.

One incident struck me was,
I realise Singaporean youngsters are very driven, while Malaysian are more contented. Although the Malaysians are paid maybe up to 1k lesser but they are happier. They make lesser job hops and stay in one place for 5-7years. I guess we Singaporean put too much stress into ourselves. If we don't get pay raise or promotion, we take it very seriously.