I prefer to hire expats for my own business than locals

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I prefer to hire expats for my own business than locals

Postby raysusan » Tue Sep 13, 2011 10:01 pm

http://www.cnngo.com/singapore/none/ada ... ore-857716

Investment gurus and self-help coaches like to make controversial statements to attract the public's eye, but this one just about takes the cake. Adam Khoo, Singapore's self-professed self-made millionaire and investment author, made a sweeping prediction -- "that in a couple of years, the expatriates (from China, India, United States etc.) will rule Singapore. They will increasing take on more leadership roles of CEOs, directors, heads of organizations, award winners." The funny thing is, there's not that many dissenting voices in the blogsphere.

It's a open statement and post in his website, Adam Khoo's Philosophies and Investing Insights, which we reproduce portions of here.

"If you observe closely, it is already happening now. This year’s top PSLE (Primary School Leaving Exam) student is a China National. Most of the deans list students and first class honors students in the local universities are foreigners and more and more CEOs, even that of government linked corporations are expats. The top players in our National teams are expats.

The question I have been asking is, 'why are the expats beating the crap out of Singaporeans?' What I noticed is that these expats have a very important quality that many Singaporeans (especially the new Y generation lack). It is a quality that our grandfathers and great-grandfathers (who came from distant lands) had that turned Singapore from a fishing village to the third richest country in the world (according to GDP per capita). Unfortunately, I fear this quality is soon disappearing from the new generation of Singaporeans. This quality is the hunger for success and the fighting spirit!

I hate to say this but in a way, I prefer to hire expats for my own business than locals. Expats are willing to work long hours, go the extra mile, are fiercely loyal to you and don’t complain so much. They also come alot more qualified and do not ask the moon for the remuneration. Recently, I placed an ad for a marketing executive. Out of 100+ resumes, more than 60% came from expats. While locals fresh grads are asking for $2,500+ per month, I have expats with masters degrees from good universities willing to get less than $2,000! They know that if they can come in and learn and work hard, they will eventually climb up and earn alot more. They are willing to invest in themselves, pay the price for future rewards. Sometimes I wonder how some of the locals are going to compete with this."

For the full post, refer to his website here.

It's certainly meant to rake up the leaves, given the recent discussions on foreign talents and the increasing number of expats in Singapore, and comments have been coming in hot but not quite so bothered. jiaan posted on Adam's website he knows "of many people who still think that their job is an iron rice bowl & their wages will increase yearly. I do know of people who have the mindsets that their parents should be the one paying for their wedding or providing captial for them to start a business" but Spike didn't really agree that Singaporeans lack fighting spirit or are not hungry for success -- "Regarding your point that Singaporean kids do not ask questions or tend to be quiet, I believe this is more a result of their upbringing. Our past and current education system trains children to accept what their teachers, parents, etc tell them without questioning. This form of rote learning tends to produce kids who are like sponges; great for memorizing chunks of data but unable to analyze or articulate what they’ve learned."

The Online Citizen website member ken, who doesn't really follow Adam Khoo and his so-called 'investment philosophies', cannot fault him on the fact that Singapore needs the expats. "But how many of them could have have been replaced now by local talent if our education system and general mindset was different 20-30 years ago?" he asked. sloke believes that "the locals have their passion and fighting spirit doused out by the system. It took years of programming and it is now showing in the form of apathy towards most things except private pursuits of wealth and happiness. The locals are competing with both hands tied behind their backs."

On the SgForums site, angel7030 posed the notion that "it is better to let Singaporean a feel of the global market competition now rather than later, now they understand they are not worth that much to walk around, point and point there while earning a five-figure paid, these will motivate them work harder and smarter, so that in a long run, our Singaporean PMET or workers will be able to adapt to any condition set about in the global market."



What do you think -- will expats really run this country?

raysusan
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Re: I prefer to hire expats for my own business than locals

Postby Oppsgal » Wed Sep 14, 2011 8:48 am

What can I say? How many Singaporeans actually are companies owner?

Most companies prefer to hire FTs, Singaporeans will be out of jobs as lose to FTs?

Then no money... no jobs, so in the end birth rates drop as cannot support family?

:sad:

Then say not enough babies, so import more FTs.

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Re: I prefer to hire expats for my own business than locals

Postby concern2 » Wed Sep 14, 2011 10:11 am

Raysusan, thanks for sharing this article.

I have yet to sought out my thoughts, but the mention of migrant mentality brings to mind Amy Chua the "Tiger Mother". Some how, the migrating family possess certain kind of survival and competitive spirit that often make locals look inferior, having traits like what Adam Khoo describes. It is happening everywhere, not just in Singapore. It is likely that for the Singaporeans who are able to and have found a way to migrate to countries that treasure their skills and worth, they are also viewed in the same light as the expats in our country.

Hence, I do not discount on the abilities of locals. If we have a choice, wouldn't we want a cheaper and more hardworking government to work for us too? I think it has been said many times that locals have their own obligations to meet for staying in Singapore. For the foreigners, they have their reasons for coming here, and surely it is because we are comparatively better employers (pay more compared to their own country) and better working conditions -gosh, our whole country could be better in so many ways than theirs - and our own government just makes it even easier for them by not having too many strings attached. I can't really blame our employers -they have their own business and pockets to take care of. I tend to view it as a system and moral problem, and what the government (and government of the world) wants to achieve, regardless of the expense to its(their) own people.

Ultimately, it is always those at the bottom who suffers most.

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Re: I prefer to hire expats for my own business than locals

Postby concern2 » Wed Sep 14, 2011 10:21 am

Whether you like Amy Chua or not, she has brought out relevant points which I think has its relevance in looking at our situation today.

http://www.parentdish.com/2011/01/12/am ... parenting/

http://www.colbertnation.com/the-colber ... 1/amy-chua

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Re: I prefer to hire expats for my own business than locals

Postby concern2 » Wed Sep 14, 2011 10:53 am

It is a globalized economy, and everyone is looking for their land of opportunities. It isn't inconceivable that the migrants would eventually take up vast of the top positions. Whether they will continue to grow roots here is another question. When their new generation emerge, they will end up in the same position as we are facing now. It's just a cycle.

The identity of Singapore and Singaporeans will keep evolving if this continues to be the way she is governed. It is good for the country, but necessarily so for the people.

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Re: I prefer to hire expats for my own business than locals

Postby limlim » Wed Sep 14, 2011 1:12 pm

raysusan wrote:http://www.cnngo.com/singapore/none/adam-khoo-why-expats-will-rule-singapore-857716


I hate to say this but in a way, I prefer to hire expats for my own business than locals. Expats are willing to work long hours, go the extra mile, are fiercely loyal to you and don’t complain so much. They also come alot more qualified and do not ask the moon for the remuneration. Recently, I placed an ad for a marketing executive. Out of 100+ resumes, more than 60% came from expats. While locals fresh grads are asking for $2,500+ per month, I have expats with masters degrees from good universities willing to get less than $2,000! "




What do you think -- will expats really run this country?


Cheapskate say cheapskate.. want cheap labor no need to cook up stinky excuses..

Expats are willing to work long hours and low pay (relative to Singaporean's expectations) because they know in their own country, they cannot get these kind of pay. So, SGD $2000 to them is like SGD$10000 to a Singaporean. If a Singaporean can go overseas and be paid $10k, Of coz most are willing to work long hours and be loyal to the company too..

limlim
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Re: I prefer to hire expats for my own business than locals

Postby Vevey » Wed Sep 14, 2011 3:14 pm

The Adam Khoo article is not new. Think I had read it earlier this yr in TODAY.

While I don't agree w the hiring part (out of self-preservation, I don't want DH to b out of a job! :imanangel: ), I agree that many young (& even old :evil: ) adults these days lack the hunger for success. Y shld they? When everything has been handed to them on the plate from young? It made me self-examine how I had been & shld b treating my sons too. :xedfingers:

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Re: I prefer to hire expats for my own business than locals

Postby UncleLim » Wed Sep 14, 2011 4:56 pm

There is some truth in there whether we as Singaporeans like to hear it or not.

The average PRC's goal is to "当老板" whereas we are a nation of "employees".

So.. consider encouraging your children to go into business. The alternative is that they continue this rat race from tuition to school to university to the workplace.

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Re: I prefer to hire expats for my own business than locals

Postby concern2 » Wed Sep 14, 2011 5:28 pm

Who are the biggest employers in Singapore?

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Re: I prefer to hire expats for my own business than locals

Postby concern2 » Wed Sep 14, 2011 5:35 pm

Saw a new thread that I find relevant to insert here. The girl laments to eat sharksfin. Will that ending up being our new generation?

http://www.youtube.com/watch?v=GqBfd-pc ... re=related

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