Thursday, May 1, 2008

Foreign Talents

I was just reading the Prime Minister's message on Foreign Talents, and here are my views:
  • As an employer, I find that Foreign Talents are generally willing to work harder than locals.
  • They left their homeland and their loved ones to find work here, and are willing to work hard and long hours.
  • Because of this willingness, they generally have good attitudes and are willing to learn.
  • In terms of pay and benefits, the locals are more demanding, whereas for foreigners, the pay and benefits would seem relatively good, compared to what they might get back at home.
  • If my competitors hire foreigners with good attitudes at lower cost, they will definitely have a huge competitive edge over me.
  • If a company has business dealings with the government or large MNCs, we have to furnish our quote electronically via GeBIZ. The lowest bid that can do the job will win the deal.
  • In such operating environment, companies do not have a choice but to hire foreigners.
  • Unless there are no foreign workers in Singapore, and all the companies do not need to compete with other countries, I find that it is inevitable.
  • Employers will find that by hiring foreign workers, it does give them a huge competitive edge. This will lead to the displacement of the local work force, especially for locals with an attitude, low appetite for work and high appetite for pay.
  • If I am a local employee, I will find myself at the short end of things. I will have to compete with the foreign workers who are willing to worker harder and longer hours for lower pay. Every resume I submit will probably be faced with many resumes of eager foreigners.