Feminine college students ranked work-life steadiness and safe employment as high profession aspirations. In the meantime, male college students prioritize employers who provide robust compensation now and sooner or later.
Singapore, twenty seventh June 2023 – At the moment, 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 primarily based solely on the responses collected.
This yr, native champion A*STAR retained its place as probably the most enticing employer amongst engineering and pure sciences college students, whereas the Ministry of Training gained one place and emerged as probably the most ideally suited employer for Singapore’s humanities/liberal arts/schooling 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 reputation among the many extremely coveted IT cohort and stays the highest trade selection for enterprise expertise. In the meantime, aerospace and defence was the best choice for engineering college students.
College students believe 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 totally 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 stage of churn that might be right here to remain for a while.
Elevated considerations in distant work setup
The info exhibits younger expertise in Singapore prioritize employers who encourage work-life steadiness, provide excessive future earnings and supply a pleasant work atmosphere.
Mike Parsons, Managing Director of APAC for Universum, stated, “We all know that expertise may be demanding, generally, and that issues are not any totally different right here in Singapore. What’s attention-grabbing, nonetheless, is simply how extremely younger native expertise prioritize work-life steadiness on this market, probably as a symptom of residing 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 via the information, we have now seen this group prioritizing issues like progress, improvement, profession path, and future earnings over issues extra rapid, resembling 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 yr earlier than. Nevertheless, the survey additionally exhibits that considerations round distant working are additionally growing, particularly the impression it could have on constructing social connections with co-workers (2023: 49%, 2022: 46%) and emotions of employer bias for in-person staff (2023: 45%, 2022: 39%).
When it comes to wage expectations, the analysis exhibits that, on common, college students in Singapore anticipate a 4% increased annual wage for his or her first full-time job, from 50,388 SGD final yr to 52,457 SGD this yr. The hole in expectations between the genders stays at 13% with anticipated salaries of males at 56,978 SGD and ladies 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 put up Covid-19, college students report diminished use of different channels resembling 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 find out about their future employers.
About Universum
Universum is a data-driven employer branding company. Based in Stockholm, we are actually energetic in over 60 international locations, with key hubs in Zürich, Paris, Berlin, London, New York, Singapore and Shanghai. The Universum Expertise Survey, performed in over 60 markets worldwide, surveyed multiple 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 artistic options they should compete extra successfully for expertise.
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