Fate of the sinkaporean graduate worker

[Ah Guan]

https://www.cpaaustralia.com.au/cps...B-1A7805B1/cpa/hs.xsl/1017_32049_ENA_HTML.htm


Educated locals find re-employment difficult</CPA-HEADLINE>
<RDE-ARTICLE-TEXT>

The Ministry of Manpower (MOM) has released the key findings of its report Research and re-employment, 2008 which shows tertiary-educated Singaporeans were one of the most vulnerable groups of the global financial crisis in 2008.

Unlike the previous downturns when the less-educated were the most vulnerable, mature residents with tertiary education faced during 2008 an above-average risk of retrenchment and below-average opportunity of re-employment.

During this time 16,880 workers were retrenched or had their contracts terminated prematurely, which is more than double that of the previous year. Most of these redundancies were recorded in the fourth quarter with 9410 workers being laid off compared to 3180 laid off in the preceding quarter.

Although seven in 10 locals retrenched in the third quarter of 2008 were re-employed by December 2008, those with degrees found it particularly difficult to gain re-employment.

The number of redundancies recorded in 2008 falls short of the number recorded in 1998 during the Asian financial crisis (32,800) and in the 2001 economic downturn (27,570).

For further information read Redundancies and re-employment, 2008 on the MOM website.

</RDE-ARTICLE-TEXT>
Page last updated: Monday, 4 May 2009

 

[Ah Guan]

Study so hard for what?

Even if you survive the fight against thousands of FTs, you may be killed by the downturn

And when the economy finally recovers in 2012, our MM will declare another Golden Period and invite more FTs to come and apply for your job

 

[DingDong]

Only Singaporeans believe that having a degree or poly cert entitles them for a job when the basic degree in the world is a Masters degree.

How do you compete with a MBA/MCA/MS/MTech when you have a poly or a basic bachelor's degree?

Stop getting complacent and start studying.

 

[saratogas]

Fresh grads also got difficulties finding jobs, I'm surprize some even write in to apply for sales exec positions (Edu requirements only need '0' levels) salary $1,400 - $1,800 only.

Poor young Singaporeans too...

 

[MentisMortis]

https://www.cpaaustralia.com.au/cps...B-1A7805B1/cpa/hs.xsl/1017_32049_ENA_HTML.htm


Educated locals find re-employment difficult</CPA-HEADLINE>
<RDE-ARTICLE-TEXT>

The Ministry of Manpower (MOM) has released the key findings of its report Research and re-employment, 2008 which shows tertiary-educated Singaporeans were one of the most vulnerable groups of the global financial crisis in 2008.

Unlike the previous downturns when the less-educated were the most vulnerable, mature residents with tertiary education faced during 2008 an above-average risk of retrenchment and below-average opportunity of re-employment.

During this time 16,880 workers were retrenched or had their contracts terminated prematurely, which is more than double that of the previous year. Most of these redundancies were recorded in the fourth quarter with 9410 workers being laid off compared to 3180 laid off in the preceding quarter.

Although seven in 10 locals retrenched in the third quarter of 2008 were re-employed by December 2008, those with degrees found it particularly difficult to gain re-employment.

The number of redundancies recorded in 2008 falls short of the number recorded in 1998 during the Asian financial crisis (32,800) and in the 2001 economic downturn (27,570).

For further information read Redundancies and re-employment, 2008 on the MOM website.

</RDE-ARTICLE-TEXT>
Page last updated: Monday, 4 May 2009

Dear Ah Guan,

The strange thing is that PAP's State Times is telling people to take those fill in/survival jobs up to 43 percent wage cut until they find something better.

A fresh grad at entry level used to at least draw a take home pay of 1900 or a gross salary of around 2500 or a little less.

Today a fresh grad, unless you have top honours and have professional qualifications, commands a gross entry level pay of no more than 1800 which means a take home pay of around 1300. A top hounours grad will see a 20 to 30% max higher difference.

There are so many "graduates" out there that would settle for even less, and employers would prefer these unemcumbered graduates in comparison to Sgeans, the reasons we have all spoken about and I am sure you know them too.

Sg is going to the dogs and Sgeans will be dog chow soon if they do nothing about it and by the looks of it they are not going to do much, the PAP had already stuck the control chip so high up their arses, they allow morons like Jackie Chan, PRs of 5 years and any FT to criticise Sgeans and most sit there and not bother, and worse, some agree with the insults hurled at us.

It's best that those who can leave, go now and make a life somewhere else and let the 3rd flocks of people from the third world come to Sg and take Sg back to where it actually belongs.

Cheers,

MM

 

[ahleebabasingaporethief]

Only Singaporeans believe that having a degree or poly cert entitles them for a job when the basic degree in the world is a Masters degree.

How do you compete with a MBA/MCA/MS/MTech when you have a poly or a basic bachelor's degree?

Stop getting complacent and start studying.

What utter rubbish? Higher Education is good for the ELITE to control your mindset.

I do not subcribe to the Masters' degree theory. A good Bachelors' degree and good attitute I will hire. Most people with Masters and PHds are goonduus or FAKEs.

So many exaples from our MIWs.

When I see a MBA/MSC...whatever, first thing i check if done part-time. if part-time, I throw resume away.

 

[ahleebabasingaporethief]

There are HUGE differeces between part-time study degree holders and full-time studies.

If u interviewed enough people like I have, the quality of such grads are very wide.

Why u think ALL our SCHOLARS are packed off to FULL-TIME degree programs and resume their work only when they finished. Why not part-time?

So don't be conned by talk about studying more. All you will end up with is a huge STUDY LOAN. It's not going to help you at all.

Better you learn through the School Of hard Knocks.

I AM NOT KIDDING!

Don't be stupid. Don't listen to all this STUDY More crap. Your basic Poly or UNI diploma or degree is enough.

It's an industry out there...EDUCATION INDUSTRY. The more u study, the more they earn....NOT YOU!

 

[scoobyhoo]

Only Singaporeans believe that having a degree or poly cert entitles them for a job when the basic degree in the world is a Masters degree.

How do you compete with a MBA/MCA/MS/MTech when you have a poly or a basic bachelor's degree?

Stop getting complacent and start studying.

i think this is your perception, and it seems to be logical. but do you consider what kind of job these master degree holders will have? and will the employers pay the salary at the level of bachelor degree or diploma holders? the master degree holders must have high value added performance to justify this, and unfortunately, this becomes a tall order nowadays.

if you are a professional master degree holder, this may be different. a mba with no professional qualification will not enhance the person unless he/she is capable.

 

[makapaaa]

 

[SneeringTree]

I have a few friends, from diverse fields, being unemployed for a few weeks to more than half a year already.

Sad.