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  1. I found this interesting read from one of the online article. Share with you guys and see what you all think. Why incompetent people often think they’re actually the best There’s a psychological phenomenon behind it: the Dunning-Kruger effect.Source: https://www.vox.com/science-and-health/2017/11/18/16670576/dunning-kruger-effect-video Maybe you’ve experienced this at school or work before: Dealing with someone who thinks he’s much better at his job than he really is. This can not only be really annoying, but it can lead to disaster as a group project is made much more difficult by someone’s unchecked ego. A new TED-Ed video, based on a lesson by psychologist David Dunning, dives into why this happens and why people are so bad at judging their skills in general, looking into the phenomenon known as the Dunning-Kruger effect. “Knowing how competent we are and how our skills stack up to other people’s is more than a self-esteem boost,” narrator Addison Anderson explained. “It helps us figure out when we can forge ahead on our own decisions and instincts and when we need, instead, to seek out advice.” “But,” Anderson added, “psychological research suggests that we’re not very good at evaluating ourselves accurately. In fact, we frequently overestimate our own abilities.” This is true “to a degree that violates the laws of math.” For example: “When software engineers at two companies were asked to rate their performance, 32 percent of the engineers at one company and 42 percent at the other put themselves in the top 5 percent.” So what’s going on here? There’s actually a reasonable explanation: “When psychologists Dunning and [Justin] Kruger first described the effect in 1999, they argued that people lacking knowledge and skill in particular areas suffer a double curse. First, they make mistakes and reach poor decisions. But second, those same knowledge gaps also prevent them from catching their errors. In other words, poor performers lack the very expertise needed to recognize how badly they’re doing.” For example, how can someone know he’s a bad writer if he doesn’t know even basic spelling and grammar rules? The good news is once people know they are bad at something — say, if they fail at a logic puzzle — they’ll typically admit to it. But some level of experience or expertise is needed for a person to come to that realization. “That may be why people with a moderate amount of experience or expertise often have less confidence in their abilities,” Addison said. “They know enough to know that there’s a lot they don’t know.” But knowledge can also lead to people overestimating others: “Experts tend to be aware of just how knowledgeable they are. But they often make a different mistake: They assume that everyone else is knowledgeable too.” “The result is that people, whether they’re inept or highly skilled, are often caught in a bubble of inaccurate self-perception,” Addison explained. “When they’re unskilled, they can’t see their own faults. When they’re exceptionally competent, they don’t perceive how unusual their abilities are.” There’s a way to prevent all of this: “First, ask for feedback from other people — and consider it, even if it’s hard to hear. Second, and more important, keep learning. The more knowledgeable we become, the less likely we are to have invisible holes in our competence.” Keep in mind this is all just one explanation for why and how incompetent people may overestimate themselves. For examples of other explanations, check out a good rundown by psychologist Tal Yarkoni.
  2. Food for thought. "The ability to enjoy innovative work and the desire to work - not just for money but to cultivate a sense of belonging to the organisation and the country - are also critical." Do you think it is possible and what will it take for Singaporeans to work with a sense of belonging to their company and not just for money?
  3. LifePro_Tips

    PCOM

    PCOM Automotive ERP Solutions – New and Used Car Dealer Software Singapore The common problems faced by conventional business owners are the time spent on tedious paper work and manual document filing processes, especially for those who are using different software or system for their accounting and daily business operation. Founded in 2002, PCOM Pte Ltd offers Industry Specific ERP Software Solutions and IT Services to help SMEs achieve higher work efficiency and productivity. The company serves over 140 companies from various Industries and employ over 30 staff in Singapore. The product is known for its PCOM Automotive ERP Solutions (previously known as ZWHEELS). This System is currently used by many leading companies in automotive industries. The modules included new and used vehicle trading software, parallel import software, motor insurance software, hire purchase software, car and machinery rental software, workshop management software, spare parts trading software, block discount software, floor stock software, hire purchase agency software and debt collection software. It believes that the best way to eliminate double work is to establish a total integrated software solution. PCOM Automotive ERP Solutions can be integrated with Mobile Tablet Applications, Web Solutions, Mobile Phone Applications, GPS System, Scheduling System, and SMS System. The company also provides other Solutions such as food catering software, retails and F&B POS software, distribution management software, project management software, job costing software, service scheduling software, pest control management software and many more. If there is additional information you would like to have regarding its products, please do not hesitate to contact PCOM Pte Ltd. The staff will be most happy to be of assistance. PCOM Pte Ltd Head Office: No 62 Ubi Road 1 #04-04 Oxley Bizhub 2 Singapore 408734 Tel: (65) 6538 9441 Fax: (65) 6538 9401 Branch Office: Blk 808 French Road #05-153 Kitchener Complex Singapore 200808 Tel: (65) 6396 6559 Fax: (65) 6396 6563 Website: www.pcompl.biz Sales Enquiry: enquiry@pcompl.biz
  4. Starting this thread to highlight real life examples of the low productivity in Singapore. One operator working..... more than 20 persons using eye power....
  5. Greatbirdlegend

    Wages and productivity up in 2010

    Labour market is still going strong so it's good news for everyone! ----- Wages and productivity up in 2010 my paper Fri, Jul 01, 2011 By Rachel Chan WAGES in the private sector went up last year, thanks to a strong economy and a tightening labour market, said the Ministry of Manpower (MOM) in its annual report yesterday. Total wages - comprising basic wages and bonuses - grew by 5.5 per cent, while labour productivity increased markedly by 11 per cent. The wage gain was comparable to the 5.9 per cent growth in the pre-recession year of 2007, although it remained lower than the 6.6 per cent increase experienced during the economic expansion in 2000. Singapore's gross domestic product rebounded strongly from the recession year of 2009, with a record growth of 14.5 per cent last year. More private establishments reported that they were profitable last year than in 2009, and the majority of these gave wage increases, in line with the National Wages Council's suggestion to grant sustainable wage increases pegged to a company's performance and prospects. MOM found that the increase in wages was the result of a basic-wage gain of 3.9 per cent and a 9 per cent increase in bonuses. The private sector paid out an annual variable component - comprising the 13th-month bonus and variable bonus - averaging 2.17 months of the basic wage last year, a 9 per cent increase from the 1.99 months in 2009. Basic wages refer to the total basic pay before deducting the employer's Central Provident Fund contribution and personal income tax. Taking into account inflation, real total wages rose by 2.7 per cent last year, after declining by 1 per cent in 2009. Total wages and bonuses both rose for all three categories of employees, namely rank-and-file workers, junior-management staff and senior-management staff. While all industries doled out fatter salaries to their employees last year, those in the financial-services sector received the largest total-wage gains, at 9.9 per cent. Next in line were those in professional services, at 8.8 per cent; and third, community, social and personal services, which posted 6.4 per cent growth. The highest earners continue to be managers, followed by professionals and, thirdly, associate professionals and technicians. Mr Peter Haglund, country manager of employment-services company Manpower Staffing Services, said he projected an increase in wages this year as the economy faces a tighter labour market.
  6. I think it is the civil servant pay increase that affect our productivity.These 2 years i had undertaken 2 position for the same pay. No real gain after the increase of salary for them.It just get worse after the investment in banks.Maybe after the increase in ERP and everything,productivity had increase abit for our dear leaders. Don't blame us for the low productivity as we are working very hard but not much pay increment like the civil servants.
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