Savings Culture vs Borrowing Culture
Andrew Topo CHRM? MPNGHRI? BA-UPNG
Seasoned HR Professional | People, Culture & Change Leader | Strategic HR Business Leader | HR Consultant | Diversity, Equality & Inclusivity | Savings Culture Advocate | Peace Building Advocate ????
For the last 8 years that I've worked in 4 different organisations, I've realised that many employees in PNG are on the borrowing spree and they don't have a 'savings culture'. To make it worse, some big Managers are also borrowing from big financial institutions as well as what we call 'loan sharks'. This is a concern to me as an HR professional because when employees have commitments here and there in terms of loan repayments with interest going up as far as 20 to 50%. This really affects their fortnightly or monthly budgets and it will definitely flow on to affect their work performances as well.
As such, all organisations in PNG should look at some possibility where they can bring in professional organisations or professional individuals to have in-house trainings with all the hard working employees to train and help them to have a 'savings culture' rather than 'borrowing culture'. It might be a cost to the organisation now but in the long run it will be a gain to the organisation.
Because 'adding value to an employee in training like this is a lifetime investment'. And this investment cannot be measured in monetary value and I believe employees will do their very best to appreciate and commit themselves to the employer by way of their work performances. It's the 'give and take process' that I'm talking about.
Team Leader Audit Profiling at PNG Power Limited
10 年Andrew; I support your concern on your subject Savings Culture vs Borrowing Culture. Here are some of my perception/s when it comes to discussing HUMAN BEINGS; Papua New Guineans are still learning; when it comes to how to use money; usage of money was an Alien activity brought into our culture; Papua New Guineans should be mentored into how to use money (everyone have their democratic rights) and try to live within your/ our means; Spend money on what will benefit you in the future; Try to spend 30% of your money on education, that is where our Intellectual properties take place; As a HR Practitioner, I view human beings as a complex subject to discuss, however it will take a practical/ holistic (faith, believe and positive) approach to reach minority who are willing to change attitude and mindset to see personal tangible change that can be foretold by other person and not your own ....
Looking for possible opportunity.
10 年Andrew, this is a good post this borrowing culture is killing our elite individuals in every working class citizen, results affect their poor performance indirectly negative impact on our economy growth as a country