Speaker : Neil Foo
Venue : MMU Melaka
Date : 8.4.09, 845pm-945pm
RETRENCHMENT – THE GHOST !
Some Root Causes
A. Main Causes Of World Unemployment
1. USA, Europe Financial Crisis Lead To Fake Demand, Production Over-Capacity / Output, Company Over Employed;
2. The appreciation of RMB Vs USD slow down China export capability ;
3. Anti Dumping Against China By USA – Year 2005;
4. The tightening of IR ( Industry Relationship) Policy In China Lead To High Production Cost – Minimum Wages, 5 –day Week – Year 2008
5. Dubai Bubble Economy
6. The Paradox Of Lack Of Confident Of Consuming Vs The Role Of Media
B. Causes Of Malaysia Unemployment
1. World Recession As A. Above;
2. Export Oriented Economy Base;
3. Small Domestic Market Base
4. Political Drama After 308
5. Attitude Problem
C. The Lucky Of Unlucky Era
1. Relatively Less Freedom Of Financial System – Who know Lehman Brother before this crisis ?
2. Pak Lah Era – Less Economic Power House !
So, no mega expansion, no mega down fall of Malaysia !
D. Who Care ?
- The Retrenched; Unemployed Graduate ; To – Be Retrenched
E. What Can We do ?
1. Learn about Personal Financial Management
– You Do Not Study In Schools ( You Are Robot !)
To know Personal Financial Status to plan ( Sustainability By Cash Flow)
2. Know About The Industry – Definitely Not Electronic & Electrical
3. Grasp The Job Despite Low Pay, Ready For Adjusted Salary
4. Attitude Management Re-Visit
– Punctuality , Hard Work / Extra Work, Polite………Are you backward ?
5. Entrepreneurship (Self Employed)
a. Not Only Making , So, Do You Know How To Sell ???????
b. Funding ?????
c. Experience - How To Start ????
- Learning From Employment ; Learning From Partners.
Solution : “ Partnership”
10% Successful Rate only in first year ; 10% of subsequent 3- 5 years !
6. Networking
7. Mentoring - “Sugar Daddy !”
Venue : MMU Melaka
Date : 8.4.09, 845pm-945pm
RETRENCHMENT – THE GHOST !
Some Root Causes
A. Main Causes Of World Unemployment
1. USA, Europe Financial Crisis Lead To Fake Demand, Production Over-Capacity / Output, Company Over Employed;
2. The appreciation of RMB Vs USD slow down China export capability ;
3. Anti Dumping Against China By USA – Year 2005;
4. The tightening of IR ( Industry Relationship) Policy In China Lead To High Production Cost – Minimum Wages, 5 –day Week – Year 2008
5. Dubai Bubble Economy
6. The Paradox Of Lack Of Confident Of Consuming Vs The Role Of Media
B. Causes Of Malaysia Unemployment
1. World Recession As A. Above;
2. Export Oriented Economy Base;
3. Small Domestic Market Base
4. Political Drama After 308
5. Attitude Problem
C. The Lucky Of Unlucky Era
1. Relatively Less Freedom Of Financial System – Who know Lehman Brother before this crisis ?
2. Pak Lah Era – Less Economic Power House !
So, no mega expansion, no mega down fall of Malaysia !
D. Who Care ?
- The Retrenched; Unemployed Graduate ; To – Be Retrenched
E. What Can We do ?
1. Learn about Personal Financial Management
– You Do Not Study In Schools ( You Are Robot !)
To know Personal Financial Status to plan ( Sustainability By Cash Flow)
2. Know About The Industry – Definitely Not Electronic & Electrical
3. Grasp The Job Despite Low Pay, Ready For Adjusted Salary
4. Attitude Management Re-Visit
– Punctuality , Hard Work / Extra Work, Polite………Are you backward ?
5. Entrepreneurship (Self Employed)
a. Not Only Making , So, Do You Know How To Sell ???????
b. Funding ?????
c. Experience - How To Start ????
- Learning From Employment ; Learning From Partners.
Solution : “ Partnership”
10% Successful Rate only in first year ; 10% of subsequent 3- 5 years !
6. Networking
7. Mentoring - “Sugar Daddy !”
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