I have a few friends who has served his notice recently. Luckily, they have a good offer from other organization with a good perks.
New office with new environment, new challenges, new cultures and values where one must adapt or change it to a positive attitude and motivation. New role with new responsibility requires the concrete heart to strive to change the surroundings.
Like a warrior in the battle field, he must be able to assess the situational factors by having a quick SWOT analysis, for instance. He must also be able to calculate his soldier's strenghts, weaknesses. He should be able to smell any opportunity and threat that can give him advantage to win the war.
In a corporate environment, a warrior also needs to assess the current situational and from there develop a plan on how best to tackle the issue. After developing a structured plan, then come into execution which requires high level of teamwork. Often in executing a task, there will be a conflict that might jeopardize the plan. This is where a control and monitoring is very important in order to counter minimize the setback. Not only that, a warrior sometimes need to show the human touch where he must be able to explain the benefits of the plan execution.
Saturday, January 22, 2011
Saturday, January 15, 2011
Pros hired to detect Fraud
PETALING JAYA: Concerned with the increase in fraudulent claims, insurance firms are now recruiting engineers, surveyors and accountants to work as loss adjusters.
Association of Malaysian Loss Adjusters (AMLA) chairman Lee Thim Fook said these professionals were vital in checking the wrongdoings in the industry.
“We need the expertise of each of these professionals as insurance claims encompass a wide area of interest and we have to get the right people for the job,” he said.
Lee said he was unable to provide specific details and data on the extent of the problem in Malaysia, but judging by the cases globally, fraudulent cases had been on the rise over the past few years.
He said other than hiring engineers, surveyors and accountants, other specialists in other areas were also recruited as adjusters.
“Each of them have specific skills which are vital in detecting fraud claims.
“We also collaborate with related bodies like the Malaysian Insurance Institute to conduct training for adjusters,” he said.
On top of that, Lee said conferences pertaining to fraud were organised regularly to keep adjusters abreast with current trends.
He noted that many claimants would stop pursuing their claims once insurers repudiated their claims.
“Insurance fraud which can be broadly classified as ‘planned insurance fraud’ and ‘opportunistic insurance fraud’ is a serious matter and is punishable under the Penal Code,” he said.
For more information, visit : http://thestar.com.my/news/story.asp?file=/2011/1/15/starprobe/7806562&sec=starprobe
Association of Malaysian Loss Adjusters (AMLA) chairman Lee Thim Fook said these professionals were vital in checking the wrongdoings in the industry.
“We need the expertise of each of these professionals as insurance claims encompass a wide area of interest and we have to get the right people for the job,” he said.
Lee said he was unable to provide specific details and data on the extent of the problem in Malaysia, but judging by the cases globally, fraudulent cases had been on the rise over the past few years.
He said other than hiring engineers, surveyors and accountants, other specialists in other areas were also recruited as adjusters.
“Each of them have specific skills which are vital in detecting fraud claims.
“We also collaborate with related bodies like the Malaysian Insurance Institute to conduct training for adjusters,” he said.
On top of that, Lee said conferences pertaining to fraud were organised regularly to keep adjusters abreast with current trends.
He noted that many claimants would stop pursuing their claims once insurers repudiated their claims.
“Insurance fraud which can be broadly classified as ‘planned insurance fraud’ and ‘opportunistic insurance fraud’ is a serious matter and is punishable under the Penal Code,” he said.
For more information, visit : http://thestar.com.my/news/story.asp?file=/2011/1/15/starprobe/7806562&sec=starprobe
Sunday, January 9, 2011
Likely hike in food prices
PETALING JAYA: Consumers may have to fork out more for their foodstuff now that several food and beverage industry players have been hit with a RM600 increase per tonne in the price of sugar.
Sugar refineries issued a notification on Dec 31, informing 17 manufacturers of the price increase effective Jan 1.
The price for coarse grain sugar is now RM2,540 per tonne, up from RM1,940, while that of fine grain sugar has risen to RM2,620 per tonne from RM2,020.
However, manufacturers have expressed surprise at the lack of an official government announcement.
Fraser and Neaves Holdings Bhd (F&N) chief executive officer Datuk Ng Jui Sia said he was confused, adding that the Government normally announced any increase before such a notification from suppliers.
“I understand the rationale for the price adjustment. The problem is that we received such short notice and had no time to plan or prepare for it,” he said, adding that he was also surprised that the change came a month before Chinese New Year.
Permanis chief executive officer Erwin Selvarajah said he was unaware of the price increase.
“I was merely informed of a meeting with the Domestic Trade, Cooperatives and Consumerism Ministry on Monday to discuss certain issues,” he said.
Federation of Malaysian Manufacturers president Tan Sri Mustafa Mansur confirmed that it would be having the dialogue.
“We want to get ministry clarification on the price increase. The 17 manufacturers want to discuss how it will be implemented,” he said.
A spokesman for one of the country’s four sugar refineries said the increase affected only a certain segment of the market.
“Only the biggest players are involved. A government announcement would only be made if the entire market was affected,” he said, adding that it was normal for a last-minute notification.
When contacted, ministry secretary-general Datuk Mohd Zain Mohd Dom said manufacturers had been warned that they might not be able to buy subsidised sugar any more in view of the rise in world sugar price.
He said the Government only had RM400mil left from the initial RM1.6bil fund to subsidise sugar at the current price of RM2.10 per kilo.
On the notification before Chinese New Year, he said the Government could not afford to spend so much money on sugar subsidies for another month if they waited until after the festival.
Sugar refineries issued a notification on Dec 31, informing 17 manufacturers of the price increase effective Jan 1.
The price for coarse grain sugar is now RM2,540 per tonne, up from RM1,940, while that of fine grain sugar has risen to RM2,620 per tonne from RM2,020.
However, manufacturers have expressed surprise at the lack of an official government announcement.
Fraser and Neaves Holdings Bhd (F&N) chief executive officer Datuk Ng Jui Sia said he was confused, adding that the Government normally announced any increase before such a notification from suppliers.
“I understand the rationale for the price adjustment. The problem is that we received such short notice and had no time to plan or prepare for it,” he said, adding that he was also surprised that the change came a month before Chinese New Year.
Permanis chief executive officer Erwin Selvarajah said he was unaware of the price increase.
“I was merely informed of a meeting with the Domestic Trade, Cooperatives and Consumerism Ministry on Monday to discuss certain issues,” he said.
Federation of Malaysian Manufacturers president Tan Sri Mustafa Mansur confirmed that it would be having the dialogue.
“We want to get ministry clarification on the price increase. The 17 manufacturers want to discuss how it will be implemented,” he said.
A spokesman for one of the country’s four sugar refineries said the increase affected only a certain segment of the market.
“Only the biggest players are involved. A government announcement would only be made if the entire market was affected,” he said, adding that it was normal for a last-minute notification.
When contacted, ministry secretary-general Datuk Mohd Zain Mohd Dom said manufacturers had been warned that they might not be able to buy subsidised sugar any more in view of the rise in world sugar price.
He said the Government only had RM400mil left from the initial RM1.6bil fund to subsidise sugar at the current price of RM2.10 per kilo.
On the notification before Chinese New Year, he said the Government could not afford to spend so much money on sugar subsidies for another month if they waited until after the festival.
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