Beware contracting out our young graduates' future - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Education and Personal Growth

Education and Personal Growth Schools, further studies, getting ready for employment, and motivation stuff




Beware contracting out our young graduates' future

Reply
 
Thread Tools
  #1 (permalink)  
Old 30-03-2011, 08:51 PM
Banned
 
Join Date: Mar 2011
Posts: 204
warning can only hope to improve
Default Beware contracting out our young graduates' future

Beware contracting out our young graduates' future

The high percentage of recent grads in contract positions is worrisome

by Richard Hartung
04:46 AM Mar 29, 2011

Jay, an economics degree-holder, has only found three-month contract jobs in banking since he graduated over a year ago. Li, a polytechnic graduate who studied hospitality, could not find a job in that sector and was on six-month contracts in communications. When I spoke to them and their parents last month, they were worried about whether they would ever find the permanent jobs they really want.

On the surface, the data does not look nearly as gloomy as these families' concerns. The Ministry of Education (MOE) Graduate Employment Survey last year showed that 92 per cent of university graduates in 2009 found a job within six months after graduation, and the vast majority had "permanent employment".

A more recent survey by the five polytechnics showed that "more than 90 per cent of polytechnic graduates were in the workforce as at Oct 1, 2010". And the Ministry of Manpower's Report on Labour Force in Singapore, 2010, released in January, showed that the percentage of contract workers dropped from 12.7 per cent in 2009 to 11.5 per cent in 2010.

Dig a little deeper, though, and there's more reason for concern than the top-line headlines may indicate. The report on polytechnic graduates showed that "among the economically active fresh graduates, 68.5 per cent were in full-time permanent employment" so over 30 per cent had only a contract job or none at all.

MOE's report also says that permanent employment "includes those on contracts of one year or more", so some contract jobs are counted as permanent. And the results vary among faculties, with only 75 per cent of arts graduates from the National University of Singapore (NUS), for example, having found a permanent job.

The good news is that the employment situation is getting better. Recruitment agency Hays says the outlook is good and "employers are creating new roles to bolster their teams". Channel NewsAsia reported recently that a record number of 145 employers were taking part in this year's career fair at NUS, looking to fill at least 4,200 positions. Other data as well shows employment growing in a rapidly-expanding economy. The outlook for new graduates seems far brighter than last year.

Yet the relatively high percentage of recent graduates still in contract positions, or without any job at all, creates some dilemmas.

For one, it can be hard for these recent graduates doing contract work to find a permanent job. When they apply for permanent positions now, they will be competing against peers who have already been working full-time as well as fresh graduates. Many companies may prefer to hire someone other than a contract worker when they have other options.

For another, graduates who took contract positions often started with lower compensation packages. Along with lower salaries, they get raises less often and usually do not get benefits like insurance or paid vacation. If they are fortunate enough to find a permanent position now, they could be lucky just to get back to where they should have started a year or two ago.

The important goal now, then, is for graduates in contract roles who want a permanent job to find one. And while it is easy to say that the Government could pay a bonus to companies who hire these workers full-time, a solution other than government handouts seems appropriate.

One option could be for companies and recruitment agencies that need workers to band together, perhaps even jointly with the Ministry of Manpower, to set up job fairs specifically for graduates currently in contract roles.

Another could be for the career offices at universities and polytechnics to develop new solutions to help under-employed recent graduates find better opportunities. While this year's graduates are definitely important, graduates from the recent past deserve a second chance too.

And a third could be skills upgrading. When hospitality and economics or other graduates cannot find jobs in hot fields like hotels or banking, it could be time for the schools to re-look at what they taught and offer skills-based refresher courses to make these graduates more employable.

There are undoubtedly a myriad of other solutions as well. The important goal, though, is to look at where we are and get these graduates in permanent jobs so that they can fully use their skills - and upgrade their self-image as well - as soon as possible.


Richard Hartung is a consultant who has lived in Singapore since 1992.

Source: TODAYonline | Singapore | Beware contracting out our young graduates' future

Reply With Quote
  #2 (permalink)  
Old 30-03-2011, 08:52 PM
Banned
 
Join Date: Mar 2011
Posts: 204
warning can only hope to improve
Default

Course, % with full time perm employment
(I've only listed courses with % below 75)

2010
NUS Arts 73.7
NUS Applied Science 62.5
NUS Science 71.4
NTU Art, Design & Media 60.4
NTU English Literature 72.5
NTU Chemistry & Biological Chemistry 74.8
NTU Physics 73.7
(Definition: Full-time permanent employment refers to employment of at least 35 hours a week and where the employment is not temporary. It includes those on contracts of one year or more.

2009
NUS Computing (Communication and Media) 70.8
NUS Environmental Engineering 63.2
NTU Art, Design & Media 61.7
(Definition: Full-time permanent employment refers to employment of at least 35 hours a week and where the employment is not temporary. It includes those on contracts of one year or more.)

2008
None below 75%
(Definition: Full-time permanent employment refers to employment of at least 30 hours a week and where the employment is not temporary. It includes those on contracts of one year or more.)

copied from: Increasing number of NUS/NTU grads can't find full time perm employment? - www.hardwarezone.com.sg

Reply With Quote
  #3 (permalink)  
Old 30-03-2011, 08:54 PM
Banned
 
Join Date: Mar 2011
Posts: 204
warning can only hope to improve
Default

Course, % with full time perm employment
(I've only listed courses with % below 75)

2010
NUS Arts 73.7
NUS Applied Science 62.5
NUS Science 71.4
NTU Art, Design & Media 60.4
NTU English Literature 72.5
NTU Chemistry & Biological Chemistry 74.8
NTU Physics 73.7
(Definition: Full-time permanent employment refers to employment of at least 35 hours a week and where the employment is not temporary. It includes those on contracts of one year or more.

2009
NUS Computing (Communication and Media) 70.8
NUS Environmental Engineering 63.2
NTU Art, Design & Media 61.7
(Definition: Full-time permanent employment refers to employment of at least 35 hours a week and where the employment is not temporary. It includes those on contracts of one year or more.)

2008
None below 75%
(Definition: Full-time permanent employment refers to employment of at least 30 hours a week and where the employment is not temporary. It includes those on contracts of one year or more.)

copied from: http://forums.hardwarezone.com.sg/sh....php?t=3158677

Reply With Quote
Reply

Bookmarks

Tags
employment pass, singapore employment pass

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Beware of People who claim to have "Doctorates" Salary.sg Education and Personal Growth 23 11-07-2012 12:43 PM
Beware of Singtel's unfair offer "forced" upon you via SMS Salary.sg Investments and Net Worth 18 23-06-2009 11:32 AM
Students - Have you thought about your future career? Salary.sg Income and Jobs 6 06-01-2008 01:25 AM
NTU graduates starting pay Salary.sg Income and Jobs 0 18-05-2007 11:14 PM
SMU graduates starting pay Salary.sg Income and Jobs 0 13-03-2007 03:59 PM

» 30 Recent Threads
Roles in accenture singapore ( 1 2 3... Last Page)
318 Replies, 238,847 Views
Compare civil service salary ( 1 2 3... Last Page)
9,559 Replies, 5,429,814 Views
Lawyer Salary ( 1 2 3... Last Page)
5,594 Replies, 2,362,207 Views
How is life as a doctor in... ( 1 2 3... Last Page)
1,144 Replies, 876,357 Views
Invest in D9 new condo
1 Replies, 951 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
2,806 Replies, 1,054,176 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
1,971 Replies, 913,894 Views
Salary negotiation for fresh grads
9 Replies, 3,683 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
3,201 Replies, 1,854,265 Views
Career as Teacher ( 1 2 3... Last Page)
2,552 Replies, 1,544,821 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
909 Replies, 736,551 Views
List of Management Associate... ( 1 2 3... Last Page)
179 Replies, 126,076 Views
Q: Management Associate at SGX ( 1 2 3... Last Page)
44 Replies, 10,076 Views
Our Poll Results: 45% Fresh... ( 1 2 3... Last Page)
46 Replies, 20,788 Views
Please Share DBS Average Months...
6 Replies, 707 Views
Local Uni Class of 2020 - COVID19... ( 1 2 3... Last Page)
226 Replies, 43,460 Views
Fresh Grad from local U cant find... ( 1 2 3... Last Page)
54 Replies, 9,595 Views
Do most MNCs pay better than the... ( 1 2 3)
25 Replies, 2,244 Views
Whats your net worth ( 1 2 3... Last Page)
2,704 Replies, 778,170 Views
Dentist Salary
6 Replies, 5,852 Views
Big Four Promotion/Bonus/Incr... ( 1 2)
14 Replies, 1,147 Views
DBS Graduate Associate Program ( 1 2 3... Last Page)
710 Replies, 340,331 Views
Mid-Year Civil Servant Bonus 2019 ( 1 2 3... Last Page)
1,437 Replies, 744,247 Views
DBS Management Associate Program... ( 1 2 3... Last Page)
1,228 Replies, 230,625 Views
What house should I buy after... ( 1 2)
19 Replies, 8,142 Views
Insurance Management Associate... ( 1 2 3... Last Page)
58 Replies, 15,881 Views
Salary working for SEA FP&A...
6 Replies, 813 Views
Dsta ( 1 2 3... Last Page)
801 Replies, 532,011 Views
Singapore Land Authority
5 Replies, 871 Views
anyone working at NCS ? ( 1 2 3... Last Page)
344 Replies, 273,549 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 02:48 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2