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Labor Ministry expects a quarter million Thais to lose jobs next year

Appreciation deprivation

Bank loans continue to grow in 3rd quarter

Labor Ministry expects a quarter million Thais to lose jobs next year

The Ministry of Labor has forecast that over a quarter million Thais may become unemployed next year, and has prepared measures to cope with the situation. Permanent Secretary for Labor Jaruphong Ruengsuwan said the ministry has begun a scheme to monitor employment and job creating with guidelines and alarm mechanisms for workers for the year 2005.

Jaruphong said that factors have indicated that about 220,000 Thai workers under the government’s social insurance program nationwide might be laid off, or lose their jobs in the year 2005. He said the ministry has identified seven industries which carry a risk for many businesses to close down, namely the food process and animal feeding industry, the textiles and garment industry, the tourism and catering industry, the automobile and parts industry, the electrical and electronic industry, the wood and furniture industry, and the metal and steel industry.

Jaruphong said the ministry has looked for measures to prevent the unemployment by offering helps to increase competitiveness of these industries, and to provide occupational training to workers to help them find other jobs. (TNA)


Appreciation deprivation

Is there anyone suffering from too much positive feedback?

Terry Braverman

What do employees cite as their most common grievance? Is it lack of a better wage, promotion opportunities, more benefits, flexible hours? Lack of appreciation is overwhelmingly the number one complaint, according to a recent study of the American worker. Appreciation deprivation is stifling the morale and motivation of the work force more than anything. Why is there such a diminutive supply in today’s work environment?

Perhaps we are too caught up in the frantic pace of deadlines, projects, and rapid changes to adequately acknowledge those around us who contribute. We have basically forgotten the common courtesy of expressing gratitude. Maybe there is a very competitive culture within a company that wouldn’t dare allow such kudos for a colleague, let alone a subordinate. Bloat someone else’s self-esteem? Never! The problem with this mentality is an energy stagnation created by withholds, not to mention an atmosphere of resentment and mistrust.

In a sense, the quality of appreciation has been marginalized as an “Annual Appreciation Day” in many companies. There’s nothing wrong with an annual bash to celebrate achievements and unity. But imagine if you said “I love you,” to your spouse only once a year. Ongoing relationships of any nature require more reinforcement if they are truly valued. Appreciation day needs to be every day within a company. This doesn’t mean managers should be merrily skipping around dispensing plaques and awards on a daily basis. A simple note of thanks for a job well done, a word of encouragement when someone is having a day from hell, or a compliment of any kind will suffice nicely.

As a broader macro-strategy of embedding appreciation into the company culture, why not start from day one, when a new person is hired. Have them fill out a form that asks them to name their favorite hobby, food, drink, music, cultural activity, athletic event, mode of relaxation, etc. Now you know how to specifically reward them, instead of a generic plaque or award. Think of the impact it could have on staff retention.

A consistent show of appreciation to employees will do more to maintain loyalty, morale, and productivity than any other idea. And it doesn’t have to be showy. Each morning on your way to work, ask yourself, “Who am I going to sincerely appreciate today?” It may be a manager, salesperson, assistant, secretary, customer service rep, or the custodian. Encourage others to do it. A complimentary line may just impact the bottom line.

Terry Braverman is a Los Angeles-based author, professional keynote speaker and seminar trainer. This article is excerpted from his book, When the Going Gets Tough, the Tough Lighten Up! Go to Terry’s web site for more about his presentations and background: www.terrybraverman.com


Bank loans continue to grow in 3rd quarter

Lending by commercial banks continued to grow in the third quarter of this year, driven by loans extended to business, production, housing, wholesale and retail sectors, according to the Bank of Thailand (BOT).

The central bank reported as of the end of September the outstandin g loans in the banking system totaled 5.22 trillion baht, compared with 4.98 trillion baht as of the end of the second quarter of this year.

Of this, 4.69 trillion baht were extended by local banks and the remaining 515.69 billion baht by foreign banks.

Loans provided for the production sector enjoyed the highest growth, with the outstanding loans amount of 1.44 trillion baht, followed by loans of 920.78 billion baht for transportation, retails, vehicle repairs, purchase of personal belongings, and household products.

Consumer loans came third with the outstanding loans of 805.38 billion baht, and financing loans ranked fourth with 667.84 billion, followed by loans for property development and services (401.16 billion), agriculture 94.45 billion, electricity, gas, and tap water production (96.36 billion), and construction (155.09 billion).

The BOT attributed the lending growth in almost all industrial sectors to the country’s continued economic expansion. In particular, loans extended to the production and housing sectors had markedly grown along with the economic growth. (TNA)