WITH the economic recovery, the Class of 2010 from the three local universities is reporting higher employment rates and better starting salaries compared to graduates from the year before.
In particular, graduates from the Singapore Management University (SMU) last year had a record employment rate of 99.9 per cent and higher starting salaries across five of the university's degree programmes, surpassing the performance of graduates in 2009, when 96.8 per cent found employment.
At the National University of Singapore (NUS) and the Nanyang Technological University (NTU), about 90 per cent found jobs within six months.
These were among the findings of the Graduate Employment Survey just released by the Education Ministry.
The average monthly salary among SMU graduates in full-time jobs was $3,271, an improvement of 5.8 per cent over 2009's figure of $3,093 - it is also the highest for SMU graduates since its first cohort graduated in 2004.
In addition, the top 20 per cent of its graduates, usually those working in financial institutions, took home an average salary of $5,062. There were some among the 125 top-earners who were paid up to $13,000 a month.
- The Straits Times
Mar 21, 2011
More found jobs; higher salaries
WITH the economic recovery, the Class of 2010 from the three local universities are reporting higher employment rates and better starting salaries compared to graduates from the year before.
In particular, graduates from the Singapore Management University(SMU) last year had a record employment rate of 99.9 per cent and higher starting salaries across five of the university's degree programmes, surpassing the performance of graduates in 2009, when 96.8 per cent found employment.
At the National University of Singapore and the Nanyang Technological University, about 90 per cent found jobs within six months.
These were among the findings of the Graduate Employment Survey just released by the Education Ministry.
The average monthly salary among SMU graduates in full-time jobs was $3,271, an improvement of 5.8 per cent over 2009's figure of $3,093 - it is also the highest for SMU graduates since its first cohort graduated in 2004.
In addition, the top 20 per cent of its graduates, usually those working in financial institutions, brought home an average salary of $5,062. There were some among the 125 top-earners who were paid up to $13,000 a month.
- The Straits Times
In particular, graduates from the Singapore Management University(SMU) last year had a record employment rate of 99.9 per cent and higher starting salaries across five of the university's degree programmes, surpassing the performance of graduates in 2009, when 96.8 per cent found employment.
At the National University of Singapore and the Nanyang Technological University, about 90 per cent found jobs within six months.
These were among the findings of the Graduate Employment Survey just released by the Education Ministry.
The average monthly salary among SMU graduates in full-time jobs was $3,271, an improvement of 5.8 per cent over 2009's figure of $3,093 - it is also the highest for SMU graduates since its first cohort graduated in 2004.
In addition, the top 20 per cent of its graduates, usually those working in financial institutions, brought home an average salary of $5,062. There were some among the 125 top-earners who were paid up to $13,000 a month.
- The Straits Times
Mar 15, 2011
More than 115,000 jobs created last year
There were a total of 115,900 jobs created in Singapore for the whole of last year. This was a slight adjustment to an earlier estimate of 112,500.
The Manpower Ministry said the total employment growth far exceeded the 37,600 jobs in 2009.
In its labour market report for 2010, MOM highlighted that the labour market recovered strongly last year from the 2009 recession, bolstered by the robust economic performance.
Recruitment companies also said that job-seekers are also finding work in shorter periods of time.
Foong Wei Liang, Talent Attraction Manager at Adecco, said: "Due to the fact that employers are going to need to hire quickly when they have determined that a candidate is right for their organisation, experienced and qualified job seekers know that they may have several job offers to choose from.
"Any procrastination from hiring managers could see lost recruitment opportunities and that's not something that any organisation wants to endure when the labour market is so tight."
The services sector contributed the bulk of employment gains of 111,000 in 2010, almost double that the previous year.
Construction employment grew by 2,500 down substantially from the gains of 25,100 in 2009.
This was mainly due to the completion of several large building projects and fewer new projects coming on stream.
Manufacturing employment declined by 1,100. However, this was much lower than the losses of 43,700 in 2009.
Last year, local employment grew by 56,200 while the number of foreigners, excluding foreign domestic workers, employed increased by 54,400.
As at December 2010, there were 1,992,700 locals in employment, forming around two in three of the 3,105,900 persons employed in Singapore. The remaining 1,113,200 were foreigners.
Overall unemployment rate was 2.2 per cent last year, down significantly from 3 per cent in 2009.
Fewer workers were laid off for the whole of 2010, despite an increase in the last quarter.
Redundancies for the whole year totalled 9,800 down from 23,430 in 2009. This was the second lowest redundancy level, since the start of the data series in 1998.
With the strong economy, job vacancies rose by 23 per cent in December last year, after dipping slightly in September.
With the tighter labour market, workers' earnings have risen.
Nominal earnings grew by 7.5 per cent over the year in the fourth quarter of 2010. Weighed down by higher inflation, real earnings rose by 3.4 per cent.
Labour productivity has also increased, driven by the strong output growth. It grew over the year by 7.8 per cent in the fourth quarter, higher than the 6.2 per cent increase in the previous quarter.
- Channel News Asia
The Manpower Ministry said the total employment growth far exceeded the 37,600 jobs in 2009.
In its labour market report for 2010, MOM highlighted that the labour market recovered strongly last year from the 2009 recession, bolstered by the robust economic performance.
Recruitment companies also said that job-seekers are also finding work in shorter periods of time.
Foong Wei Liang, Talent Attraction Manager at Adecco, said: "Due to the fact that employers are going to need to hire quickly when they have determined that a candidate is right for their organisation, experienced and qualified job seekers know that they may have several job offers to choose from.
"Any procrastination from hiring managers could see lost recruitment opportunities and that's not something that any organisation wants to endure when the labour market is so tight."
The services sector contributed the bulk of employment gains of 111,000 in 2010, almost double that the previous year.
Construction employment grew by 2,500 down substantially from the gains of 25,100 in 2009.
This was mainly due to the completion of several large building projects and fewer new projects coming on stream.
Manufacturing employment declined by 1,100. However, this was much lower than the losses of 43,700 in 2009.
Last year, local employment grew by 56,200 while the number of foreigners, excluding foreign domestic workers, employed increased by 54,400.
As at December 2010, there were 1,992,700 locals in employment, forming around two in three of the 3,105,900 persons employed in Singapore. The remaining 1,113,200 were foreigners.
Overall unemployment rate was 2.2 per cent last year, down significantly from 3 per cent in 2009.
Fewer workers were laid off for the whole of 2010, despite an increase in the last quarter.
Redundancies for the whole year totalled 9,800 down from 23,430 in 2009. This was the second lowest redundancy level, since the start of the data series in 1998.
With the strong economy, job vacancies rose by 23 per cent in December last year, after dipping slightly in September.
With the tighter labour market, workers' earnings have risen.
Nominal earnings grew by 7.5 per cent over the year in the fourth quarter of 2010. Weighed down by higher inflation, real earnings rose by 3.4 per cent.
Labour productivity has also increased, driven by the strong output growth. It grew over the year by 7.8 per cent in the fourth quarter, higher than the 6.2 per cent increase in the previous quarter.
- Channel News Asia
Mar 4, 2011
30,000 jobs up for grabs at Career 2011
AT CAREER 2011, 30,000 jobs are on offer - the highest number offered by the annual job fair since 2001.
The four-day event opened on Thursday at Suntec Singapore's convention halls 601 to 603, to a steady stream of Singaporeans and foreigners looking for work or places at educational institutions.
Among this year's 250 exhibitors are firms from the aerospace industry and employment agencies such as CATS Recruit and JobStreet.
Around 30,000 places on educational courses are also available with private schools from more than 10 countries.
But the two integrated resorts were among the most aggressive employers. Their booths - next to each other at the exhibition entrance - were constantly abuzz on Thursday.
Resorts World Sentosa, gearing up for the launch of its maritime museum and oceanarium, as well as two hotels, is looking to fill some 1,000 positions.
- The Straits Times
The four-day event opened on Thursday at Suntec Singapore's convention halls 601 to 603, to a steady stream of Singaporeans and foreigners looking for work or places at educational institutions.
Among this year's 250 exhibitors are firms from the aerospace industry and employment agencies such as CATS Recruit and JobStreet.
Around 30,000 places on educational courses are also available with private schools from more than 10 countries.
But the two integrated resorts were among the most aggressive employers. Their booths - next to each other at the exhibition entrance - were constantly abuzz on Thursday.
Resorts World Sentosa, gearing up for the launch of its maritime museum and oceanarium, as well as two hotels, is looking to fill some 1,000 positions.
- The Straits Times
Feb 26, 2011
Bumper year for NTU job fair
A RECORD 175 companies have taken part in the annual career fair at Nanyang Technological University, as the strong economy encourages employers to hire.
Last year, 109 took part in the two-day event, which is held on NTU's campus in Boon Lay. By contrast, this year's fair - which was held on Tuesday and on Friday - was the largest organised by a university here.
About 4,500 jobs were up for grabs from a range of industries in both the private and public sectors. Last year, there were 2,600.
Employers taking part this year included government agencies such as the Ministry of Defence and the Housing Board, and companies such as retailer Charles and Keith, and property and real estate firm CapitaLand.
NTU said the three private sector industries most represented were building and construction; banking, finance and insurance; and engineering and manufacturing. Nearly 20,000 NTU students visited the fair over the two days.
NTU's director of career and attachment office, Mr Loh Pui Wah, said: 'The strong participation rate by employers is a reflection of the good economy and a sign the hiring sentiment's back.'
- The Straits Times
Last year, 109 took part in the two-day event, which is held on NTU's campus in Boon Lay. By contrast, this year's fair - which was held on Tuesday and on Friday - was the largest organised by a university here.
About 4,500 jobs were up for grabs from a range of industries in both the private and public sectors. Last year, there were 2,600.
Employers taking part this year included government agencies such as the Ministry of Defence and the Housing Board, and companies such as retailer Charles and Keith, and property and real estate firm CapitaLand.
NTU said the three private sector industries most represented were building and construction; banking, finance and insurance; and engineering and manufacturing. Nearly 20,000 NTU students visited the fair over the two days.
NTU's director of career and attachment office, Mr Loh Pui Wah, said: 'The strong participation rate by employers is a reflection of the good economy and a sign the hiring sentiment's back.'
- The Straits Times
Feb 22, 2011
NTU launches virtual job fair
The National Technological University (NTU) has launched a virtual career fair, believed to be the region's first, for its students and potential employees.
NTU said there are a record 175 companies taking part in the career fair this year, 60 per cent more recruiters compared to those in 2010.
The number of jobs offered at the fair this year doubled to a whopping 4,500, with about 80 per cent of recruiters from the private sector.
One of the features of the NTU iFair is the virtual career portal developed by NTU, which enables students to meet potential employers, online.
NTU's Career & Attachment Office director Loh Pui Wah said career fairs in the past tend to be brick-and-mortar.
"But with the evolvement of web technology, we want to bring the career fair (to the virtual world), so that companies... can make use of the web to (interact) with the students," Mr Loh said.
About 50 companies have signed up for a piece of the virtual real estate.
And as hiring sentiments make a positive comeback from last year, recruiters look set to step up on their branding for a tech-savvy generation.
DSO National Laboratories human resources assistant director Serene Tan said NTU's iFair is helpful because it is virtual, and cuts down on logistic effort to set up physical career booths.
"They have been quick to set the virtual booth up with some customisation and we will be putting up positions available on our DSO corporate website, which is directly linked to the iFair," she said.
Ms Tan added iFair will also help them get in touch with students on overseas attachments who are unable to attend the physical career fair.
The iFair is set to run from March 14 this year, and will continue to be accessible till June 30, 2011.
Meanwhile, the physical career fair runs on February 22 and 25 at NTU's Nanyang Auditorium.
- Channel News Asia
NTU said there are a record 175 companies taking part in the career fair this year, 60 per cent more recruiters compared to those in 2010.
The number of jobs offered at the fair this year doubled to a whopping 4,500, with about 80 per cent of recruiters from the private sector.
One of the features of the NTU iFair is the virtual career portal developed by NTU, which enables students to meet potential employers, online.
NTU's Career & Attachment Office director Loh Pui Wah said career fairs in the past tend to be brick-and-mortar.
"But with the evolvement of web technology, we want to bring the career fair (to the virtual world), so that companies... can make use of the web to (interact) with the students," Mr Loh said.
About 50 companies have signed up for a piece of the virtual real estate.
And as hiring sentiments make a positive comeback from last year, recruiters look set to step up on their branding for a tech-savvy generation.
DSO National Laboratories human resources assistant director Serene Tan said NTU's iFair is helpful because it is virtual, and cuts down on logistic effort to set up physical career booths.
"They have been quick to set the virtual booth up with some customisation and we will be putting up positions available on our DSO corporate website, which is directly linked to the iFair," she said.
Ms Tan added iFair will also help them get in touch with students on overseas attachments who are unable to attend the physical career fair.
The iFair is set to run from March 14 this year, and will continue to be accessible till June 30, 2011.
Meanwhile, the physical career fair runs on February 22 and 25 at NTU's Nanyang Auditorium.
- Channel News Asia
Feb 18, 2011
Fewer job ads in fourth quarter
THE number of job advertisements fell 9 per cent in the fourth quarter of last year as staff movements declined during the festive season.
There were 236,191 advertisements for professional positions in the three months to Dec 31, down from 259,665 in the third quarter, according to data released on Thursday by recruitment consultancy Robert Walters.
Robert Walters Singapore managing director Andrea Ross said a general reluctance to change jobs ahead of bonuses in the new year contributed to a decline in ads across most sectors.
The firm also said the fall was due in part to the demand for senior high-profile roles that are not usually advertised.
Ads for jobs in engineering, including surveyors, architects and technicians, remained steady with 34,577 placed in the quarter.
The human resources sector also stayed fairly steady with 12,955 ads posted, down a touch from the third quarter.
- The Straits Times
There were 236,191 advertisements for professional positions in the three months to Dec 31, down from 259,665 in the third quarter, according to data released on Thursday by recruitment consultancy Robert Walters.
Robert Walters Singapore managing director Andrea Ross said a general reluctance to change jobs ahead of bonuses in the new year contributed to a decline in ads across most sectors.
The firm also said the fall was due in part to the demand for senior high-profile roles that are not usually advertised.
Ads for jobs in engineering, including surveyors, architects and technicians, remained steady with 34,577 placed in the quarter.
The human resources sector also stayed fairly steady with 12,955 ads posted, down a touch from the third quarter.
- The Straits Times
Subscribe to:
Posts (Atom)