A starting salary of RM2,500 for fresh graduates should be enough to cover their cost of living, few “experts” believe. According to the education division head of the Credit Counseling and Debt Management (AKPK), Mohd Adnan Anan Abdullah, for as ...
A starting salary of RM2,500 for fresh graduates should be enough to cover their cost of living, few “experts” believe.
According to the education division head of the Credit Counseling and Debt Management (AKPK), Mohd Adnan Anan Abdullah, for as long as the graduates manage the finances well and do not overspend, the money would be enough to cover the cost of living. They must always know to live within their means; eating outside on daily basis would cost them dearly and additional expenditures on cigarettes and so on will make survival more difficult.
If one lives in Kuala Lumpur and eats outside daily, he or she could be spending as much as RM30 per day.
Recently, a research by a local firm found that as many as 77% of fresh graduates do not feel that RM2,500 salary is sufficient to keep up with the escalating cost of living. More than 2,000 people participated in the survey.
60% of the respondents expects a min of RM3,500, while some 30% of them are vying for as much as RM6,500.
While on the employer side, 66% of them say they are willing to pay between RM2,500 and RM2,800 to fresh graduates.
Shamsuddin Bardan, the Executive Director of the Federation of Malaysian Employers, insists that salary around RM2,500 is considered reasonable owing to the fact that fresh graduates come with lack of skills and experience, and that employers would be spending resources to get them trained on the appropriate skills.
Similar view is shared by economic lecturer with Universiti Malaysia Sarawak (UNIMAS), Prof. Dr. Shazali Abu Mansor, who viewed that graduates should treat their first job similar to practical training.
Remembering Mohd Ghaffar Abu Bakar, the MAS chief steward on board of MH17
On 17 July 2014, Flight MH17 of Malaysia Airlines, a Boeing 777-200 took off from Amsterdam Airport to Kuala Lumpur at 12.15pm (Amsterdam time). It never made to Malaysian soil; while it was flying over Ukraine air space, a missile shot it down. The plane crashed into a war-torn territory.
All of 298 on board perished.
One of those who were on the ill-fated flight was the crew’s chief steward, Mohd Ghaffar Abu Bakar, 54. He led a 15-strong-crew members on duty.
Friends describe Ghaffar as a devout Muslim, known for waking up in the wee hours for prayers (qiam), reciting the Quran on the plane and tour-guiding his friends during umrah. He was an active member of a local mosque community in Bukit Indah, Ampang.
But the thing that would be remembered most about Ghaffar is him being a vocal resistance to MAS, his own employer, against the company serving alcoholic drinks on MAS flights.
Before his untimely death, he had been fighting that all alcoholic drinks are removed from the national airline. To strengthen his case, Ghaffar also wrote to local authorities – Jabatan Kemajuan Islam Malaysia (Jakim) and local religious scholars, to aid his cause. He even approached the former acting Transport Minister, Dato’ Seri Hishamuddin Hussein for assistance.
Additionally, Ghaffar had also been pleading that the airline allows female Muslim flight attendants to wear headscarves.
Upon his death, calls for the removal of alcoholic drinks in MAS flights have been renewed, led by prominent scholar, Dr. Mohd Asri Zainal Abidin.
Standing up against your own employer is never easy. It is a David-vs-Goliath thing, and not for the faint-hearted people. The stake is high against yourself.
Being in the wrong end could put you into massive trouble.
You could end up being an outcast in the organization, more especially when you are the minority. Worse, you can be terminated by your very own employer, through various means – subordination, played-out conspiracy and so on.
Ghaffar believed in fighting for something he believed was the right thing to do. He did not care if he was alone, minority or whatnot. He died a fighter.
Have you ever fought for a good cause against your own employer?
Microsoft has announced a major job cut that involves some 18 thousand employees, as part of its plan to realign its business focus. The 18 thousand employees will be released over the course of one year. As of now, 13 thousand positions have already been downsized in the first wave.
This will be the largest Microsoft job cut in the company’s 39-year history.
With the layoff, the company expects to cut its expenditure by US$600 million per year. The layoff will involve between US$1.1 billion and US$1.6 billion in cost.
More than 60 percent of the affected workers are those in Nokia, which has been acquired by Microsoft before the departure of former CEO, Steve Ballmer. Finnish-origin Nokia had been employing around 25 thousand employees when it was brought under Microsoft’s wing. Currently, Microsoft employs 127 thousand people globally across various countries and continents.
Rumours have been circulating, in the last few months that there will be a big round of Microsoft job cut taking place.
In one big clue last week, the new CEO Satya Nadella wrote a letter to Microsoft employees (and for public viewing, which was made available in Microsoft website) indicating a large-scale change in the company that includes streamlining and reorganization. A renewed focus on productivity and platforms will be taking place.
It has also been said that the Microsoft team which has been working on Android-based Nokia X phones will have to drop the project and instead refocus on Windows Phone operating system.
Nadella had been urging the company to shift away from software and focus on online services, apps and devices. He is also said to be pushing Microsoft to compete with Apple.
Satya Nadella took the helm as Microsoft CEO in February 2014.
So, World Cup 2014 is over. Germany are now four-time champions. Brazil were humiliated in home soil. Spain and Italy went home early.
But if there is one single person who creates the most stunning impact in this World Cup edition, few would argue that it is no other than James Rodriguez of Colombia. Very few people notice the presence of this young forward before the World Cup started. No one would have expected him to become such a huge sensation.
You see, weeks before the tournament, Colombia’s star striker, Radamel Falcao, who was expected to make it big, unfortunately injured himself and failed to make the final 23-man team.
Falcao is already a big name in the world football and can pride himself with major achievements under his belt that include: scoring the most goals in a single annual club football European competition (UEFA Champions League/Europa League) in 2011; guiding Porto to second Europa League title; receiving Portuguese Golden Ball award; scoring over 100 goals in his first three seasons in European football; and many more.
So when Falcao was out, 23-year old James Rodriguez was tasked to fill in the big void. He was shouldered to spearhead Colombia’s attacking force and banging in the goals.
Rodriguez did not disappoint. As a matter of fact, he took everyone by surprise. It’s a delightful surprise of course.
Upon the final whistle of Germany-Argentina game, James Rodriguez affirmed himself as the tournament great by claiming the top scorer award with an impressive six goals, beating two rivals who played in the final match: Germany’s Thomas Muller (5 goals) and Argentina’s Lionel Messi (4 goals). Both of the latter were established, familiar faces in World Cup football.
In the process of making himself a big name, Rodriguez almost single-handedly guided Colombia into their first ever quarter final in World Cup games, scoring in all 5 games the country played, included one touted to be the best goal of the tournament, chesting and volleying a screamer against Uruguay in the second round.
What did James Rodriguez teaches us about our career?
When opportunity knocks for you to show your talent, MAKE IT REALLY COUNTS. Show them what’s under your sleeves. Multiply your values many times over by impacting an ‘awe’ effect.
People will start noticing your capability, and soon enough, you will flourish even more.
A new largest bank in the Malaysia is in the making, in the form of merger between two major local banks – CIMB (CIMB Group Holdings Bhd) and RHB (RHB Capital Bhd).
Another entity, Malaysia Building Society Bhd (MBSB) is also set to join the fray, making it the largest merger in the corporate history of Malaysia. It will even eclipse the previous Sime Darby Bhd’s merger with seven companies in 2007.
Bank Negara Malaysia (BNM) has given them the nod and the three companies have signed a 90-day exclusivity agreement as detailed negotiation takes place. The plan is simple: consolidate the businesses of CIMB and RHB into one, and conceive a large Islamic bank franchise with MBSB.
At present, CIMB thrives having been operating in 297 branches, while RHB Capital operates in 194 branches (yet to include its EASY outlets). The combined branches, 491, will see it overtake Maybank, which has 399 branches. Nevertheless, upon the merger, some of the branches and EASY outlets might be rationalised.
Seven years ago, the largest merger in Malaysia took place when eight companies (Sime Darby, Sime UEP, Sime Engineering, Guthrie Ropel, Golden Hope Plantations, Mentakab Rubber, Kumpulan Guthrie and Highland & Lowlands) consolidated into one entity under the Permodalan Nasional Bhd Group. The combined merger eventually gave birth to a giant corporation valued at RM60 billion when it re-entered the Bursa Malaysia.
CIMB-RHB-MBSB merger, if indeed happens, will create the largest financial institution in the country with a total assets exceeding well over RM600 billion, and strengthen the institution presence across Asia that includes Hong Kong, China, Singapore, Cambodia, Indonesia and Thailand.
Currently, Maybank is the largest bank in Malaysia with a total asset of RM578 billion. The yet-to-be-named institution will also be ranked the fourth largest bank in Southeast Asia.