We are all in the rat race to get our desired cheese. You could be racing for a promotion, more sales, an increment, more incentives, more opportunities, or professional development of some kind. Some people eventually get to their cheese. Many don’t. Some become discouraged and lost, and they ask, “Where’s my cheese?”
As the chinese saying goes, “The world is so vast, where is the place that I belong to?” The rat race version would be, “The world is so huge, where can I find my cheese?” To answer this question, let’s look at the story of Rick, Anne and Teddy.
Change and Impact on Job Market
Futurists say, “Listen to the future,” but most of the time we are too deafenedby the present to pay attention. So we have to lift ourselves up to listen to the future. Often, the writing is on the wall, but we are so close to it that we only see a single letter. The consequences of planning without the future in mind could be disastrous.
It could mean we lack the relevant skills and find ourselves at risk if a retrenchment exercise comes about. We might take a long time to find another job if we are laid off. It could also mean lower pay and no progress in our learning and career. Change is relentless, and its dangers are quite real.
When we asked participants in our career development workshops if any of them had not undergone restructuring in the last 18 months, none raised their hand. Studies show 41% of organizations have recently completed a significant transformation or are currently undergoing one. Another 47% are preparing to do so. The average lifespan of a company listed in the S&P 500 Index of leading U.S. companies has decreased by more than 50 years in the last century— from 67 years in the 1920s to only 15 years today. It is clear that the speed of change has increased.
What are the implications? The number of workers who lost their jobs last year was the highest since the 2009 recession, as businesses adjusted to difficult economic conditions (The Straits Times, March 14, 2015). Four in ten people who have lost their job are graduates. The good thing is that 59% are able to find jobs within six months of being laid off since unemployment in Singapore remains low at 2.0 to 2.9%.
Read on to find out the major trends that impact the working world.
The local beauty and wellness industry in Singapore is growing and has become an important segment of the tourism and hospitality industry. Did you know that it is estimated that there are at least 19,000 such establishments in Singapore today? (source: IRAS)
Furthermore, Singapore is a choice destination for tourists to experience a cosmopolitan lifestyle with companies providing a wide range of spa services.
CaliberLink, in collaboration with the Republic Polytechnic recently organised an Industry Preview cum Networking for Spa and Wellness industry for those keen to join the industry.
Most people desire having peace of mind. However this seems increasingly difficult in today’s stressful work. Studies have shown that Singaporeans are more stressed now than five years ago. Stress can come from a variety of factors, from longer work hours and tighter deadlines to last minute changes to meetings.
To face this growing concern, CaliberLink invited two speakers to share their insights on how Singaporeans can be happier at work.