08 December 2012

Solution for Minimum Wages In Malaysia: Insight

Minimum wages will be implemented officially in Malaysia from 2013. It is a strong sign from the country to business owners, that is, high value-added business is preferred, instead of conventional business that highly depends on cheap labours. Indeed, one of the ways to raise people attention is through 'punish and reward' system.

While many Malaysian say we need to be more competitive as our neighbour countries, few people turn the words into actions. To be competitive, it means we need to replace conventional approach with advance technology so that efficiency and effectiveness can be improved. Consequently, more competitive products can be produced to survive in world wide market. However, it appears that few companies are willing to take such adventure that can improve the competitiveness of Malaysian products. As a result, a punish system is vital and needed to punish those companies.

Both employee and company should grow together.

Yes, one obvious solution to be survive this 'punish and reward' system is both employee and company should grow together. Employee is no longer a 'machine' of a company who simply do a routine job so that a company can keep enjoy the constant profits annually. The role of employee will become an asset of a company who constantly contribute 'big idea' and professional skills to enhance the efficiency and effective of company's product. The role of a company, on the other hand, is to gather these employee (or partners) and provide resources (such as capital and tools) to realise these big idea that will ultimately benefit the whole nation (or even the whole world). Those routine works should be done by 'true machine' that can be operated without human mistakes and take a break.

While the signal is so obvious and the reward is so attractive, apparently, only invest those rewarded companies will sustain the performance of my investment portfolio next years. After reviewing my portfolio again and again, I am still cautiously optimistic that my investment portfolio will once again outperform in the coming year.

That's all for today. More fascinating articles and sharing will be updated from time to time in Xaivier Blog. So, you are welcome to subscribe our feed, look at our sitemap or simply visit our Homepage for latest sharing.

Written by: Xaivier Chia

(P/S: The above sharing is solely based on personal insight. Please do not take it seriously. However, your valuable feedback are very welcome.)


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