Feminine college students ranked work-life stability and safe employment as high profession aspirations. In the meantime, male college students prioritize employers who supply robust compensation now and sooner or later.
Singapore, twenty seventh June 2023 – As we speak, Universum launches the findings from the Singapore portion of its annual international expertise survey, with greater than 10,000 taking part college students from six universities. The analysis units out to trace the profession aspirations and preferences of Singapore’s future expertise pool, the survey additionally recognises probably the most coveted employers based mostly solely on the responses collected.
This 12 months, native champion A*STAR retained its place as probably the most enticing employer amongst engineering and pure sciences college students, whereas the Ministry of Schooling gained one place and emerged as probably the most excellent employer for Singapore’s humanities/liberal arts/training college students. Google retains its place because the best choice for each enterprise and IT expertise.
The survey reveals the banking sector continues to extend in recognition among the many extremely coveted IT cohort and stays the highest business selection for enterprise expertise. In the meantime, aerospace and defence was the best choice for engineering college students.
College students have faith within the job market however nonetheless worth safety
The analysis reveals that 46% of respondents plan to stick with their first employer for 2 years or much less, with solely 9% of graduates believing it’s best to stick with their first employer for the lengthy haul. Nevertheless, they extremely worth job safety, which ranks 4th out of the 40 completely different attributes measured. This factors to the low ranges of belief and loyalty seen within the worker/employer dynamic, which appears to be an element within the higher-than-usual ranges of attrition we have now noticed in most industries proper now. A heightened degree of churn that might be right here to remain for a while.
Elevated issues in distant work setup
The information exhibits younger expertise in Singapore prioritize employers who encourage work-life stability, supply excessive future earnings and supply a pleasant work surroundings.
Mike Parsons, Managing Director of APAC for Universum, stated, “We all know that expertise will be demanding, typically, and that issues aren’t any completely different right here in Singapore. What’s fascinating, nonetheless, is simply how extremely younger native expertise prioritize work-life stability on this market, probably as a symptom of dwelling in such a career-focused nation that so extremely prizes educational and profession achievement.
A standout attribute of Singapore’s younger skilled workforce is how pragmatic and forward-thinking they’re. Through the years, all by way of the information, we have now seen this group prioritizing issues like development, growth, profession path, and future earnings over issues extra rapid, comparable to base wage and advantages. Even within the face of excessive inflation, this has not modified a lot.”
The urge for food for distant working alternatives upon commencement has elevated, with 73% of respondents indicating a desire for distant work alternatives in comparison with 69% the 12 months earlier than. Nevertheless, the survey additionally exhibits that issues round distant working are additionally rising, particularly the impression it will have on constructing social connections with co-workers (2023: 49%, 2022: 46%) and emotions of employer bias for in-person workers (2023: 45%, 2022: 39%).
When it comes to wage expectations, the analysis exhibits that, on common, college students in Singapore anticipate a 4% greater annual wage for his or her first full-time job, from 50,388 SGD final 12 months to 52,457 SGD this 12 months. The hole in expectations between the genders stays at 13% with anticipated salaries of males at 56,978 SGD and girls at 49,624 SGD.
39% of scholars use profession gala’s to have interaction with potential employers
As profession gala’s within the native universities return publish Covid-19, college students report decreased use of different channels comparable to social media (2023: 50%, 2022: 56%), information media (2023: 35%, 2022: 40%) and employers’ profession web sites (2023: 32%, 2022: 39%) because the locations they go to study their future employers.
About Universum
Universum is a data-driven employer branding company. Based in Stockholm, we at the moment are energetic in over 60 nations, with key hubs in Zürich, Paris, Berlin, London, New York, Singapore and Shanghai. The Universum Expertise Survey, performed in over 60 markets worldwide, surveyed a couple of million college students and professionals about their preferences amongst potential employers, their profession concepts, and communication preferences. Leveraging this, we offer our purchasers with the analysis, technique, and inventive options they should compete extra successfully for expertise.
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