Friday, February 02, 2007

Maths for the money

I had found out that the maths for money is totally different from maths for engineering.

When doing tender or costing:

Eng. : Boss, this gadget is $1.
Boss : How do you know it's $1?
Eng. : I checked with other suppliers, and here is the other two suppliers quotations. One selling for $1.10 and the other selling for $1.15.
Boss : I want to know how they come up to this figure. You go and check the cost of the raw material, how many workers are needed to produce it, the worker's qualification, how many children they have.
Eng. : ...

When the company report the annual financial:

Boss : This year we have total project value of $100.
Eng. : (Happy) Ye.....
Boss : The profit margin is 20%, thus we loss $50.
Eng. : ??????? ($100 x 20% = -$50?????????)
Boss : However, we (the bosses) still come out with our OWN pocket money and give you all increment and bonus.
Eng. : ...

The government also use their own maths system.

S.V. : We had spent $7000 to repair the bridge.
Peo. : But last time you said, $100 for a piece of the bridge support, and there are only 18 pieces. How come it's become $7000?
S.V. : Actually there are 30 pieces of bridge support need to be repaired.
Peo. : But that only come to $3000, where is the remaining $4000?
S.V. : You see, we use $100 for each of the repair and we had employed consultant to consult us on the repair works.
Peo. : What! The consultant fees is $4000!!!!
S.V. : No! You see, $100 x 30 + consultant = $7000.
Peo. : Then the consultant fees is $4000.
S.V. : No, no, no. I repeat again $100 x 30 + consultant = $7000.
Peo. : ????????????

I think, we (the engineers and the people) need to go back to school and re-study the basic of maths again.

11 comments:

  1. Anonymous6:19 PM

    tsk tsk, we are suffering from 'low increment syndrom' and 'o bonus syndrom' again. And again... pathethic.

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  2. i am suffering from NO bonus and NO increment...you all are in better company my friends !!!

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  3. Anonymous5:35 PM

    Just wondering if we all will act the same if given opportunity to be a boss one day.

    Some maths...(correct me if I'm wrong Wisely)

    Company Profit = 1 million
    Director A share in company = 12.5%
    Director A profit = 125,000

    Average salary of staffs = 3,000
    Total number of staff = 50
    Cost for 1 month bonus = 150,000

    Amount Director A contribution if to declare additional 1 month bonus shall be:

    125,000 x 150k/1,000k = 18,750

    So, the big question is if you are Director A, would you rather make 106,250 instead of 125,000 so that all your staffs will be happy getting additional 1 month additional bonus?

    Now, what if Director D holds 51% ?

    Is Director D willing to sacrifice 15% of its profit for additional 1 month bonus for staffs he/she don't even meet more than 3 times a year??

    Conclusion: Either company not making huge profit OR we are at the mercy of Director D.

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  4. how about put it this way, money is not the main factor for staff to stay in a company. but it's one of the way that company show appreciation to it's worker for all the handwork.

    company can declare whatever "profit" in the way they want. they can say they are losing money for all the project they handle in order to keep all the profit for themself. but we are not blind. they can lie 1 time, 2 time and forever.

    why are we try so hard to reduce the cost and maximize the profit and at the end the company just told us that once again the project is losing money? what is your feeling?

    we dont ask company to share all the profit, but at least fair to us.

    money is always not enough. if i can use 150k to cheer up my worker, and i think the next year profit will not be 1m but maybe 3m. a 150k for extra 2m. why not?

    i think you (anonymous) are from the manager level.

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  5. Anonymous1:26 PM

    If i am the boss, i think i will sarcrifice some money and give more bonus for the workers. i believe, this will encourage more good work from them and in turn get more profit next year, as calculated by anonymous and SK. Unfortunately, our bosses are stingy and too selfish & self centred.

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  6. Anonymous2:33 PM

    I agree with SK.

    Only a bit of money (bonus or increment) to make all staff happy and appreciated so they can make more for you next year!!! This answer is so obvious and I'm sure all of us would do it for their staff. So the big question is...why it did not happen?

    Who decides bonus and increment? Foreign or local directors?

    Our bosses too greedy and don't think like all of us?

    We are dispensable and do not deserve more?

    ...and NO, I am not Manager level.

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  7. i agree with everyone. all are stingy and greedy, but at least got some bonus and some increment, if you want really good bonus and really good increment and allowance then it is not the place, better go for company like Shell etc where you cannot even imagine the type of bonus and allowance they can get...

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  8. maybe i will apply for instrument engineer at shell. shit, i miss the chance last time.

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  9. Anonymous6:53 PM

    If i apply jobs at shell...
    They accepted me or not?

    I am very expert in booming boh...

    mmmm

    ReplyDelete