Latest news with #GraduateEmploymentSurvey
Time of India
27-05-2025
- Business
- Time of India
Declining Employment Rates: Only 75% of Private School Graduates in Singapore Find Jobs Within 6 Months, ETHRWorldSEA
Advt By , Agencies Fewer than three in four fresh graduates from Singapore's private education institutions (PEIs) secured employment within six months of graduation, according to the latest 2023/2024 Graduate Employment Survey by SkillsFuture Singapore (SSG). Conducted between November 2024 and March 2025, the survey polled around 3,500 graduates from 27 PEIs, with results pointing to a decline in hiring outcomes amid a cooling labour 74.8% of the 2,300 respondents in the labour force were employed within six months, down from 83.2% the previous year. Just 46.4% landed full-time permanent roles, while 24.2% were in part-time or temporary jobs, and 4.2% took up freelance the fall in employment rates, salaries showed modest growth. Median gross monthly pay for PEI graduates in full-time permanent jobs rose to S$3,500, up from S$3,400 a year ago. Graduates in information and digital technologies courses commanded the highest median salary, while those in engineering, sciences, and business fields had the strongest full-time employment light of these figures, workforce support for young graduates has become more urgent. Budget 2025 introduced several initiatives aimed at helping new entrants navigate a more uncertain job market. PEI graduates are encouraged to use SSG and Workforce Singapore platforms like the Jobs-Skills portal to identify in-demand skills and tap into reskilling and upskilling opportunities for better Times
Business Times
26-05-2025
- Business
- Business Times
Less than 75% of fresh graduates from private institutions secure jobs within 6 months
[SINGAPORE] Fewer than three in four fresh graduates from private education institutions found employment within six months of graduation, based on the Private Education Institution (PEI) Graduate Employment Survey 2023/2024 released by SkillsFuture Singapore (SSG) on Monday (May 26). The survey was conducted between November 2024 and March 2025, and received responses from about 3,500 graduates across 27 PEIs, out of which about 2,300 were in the labour force. About 74.8 per cent of the 2,300 fresh graduates secured employment within six months of graduation. This was a dip from 83.2 per cent for the 2022/2023 cohort, reflecting weaker overall hiring demand as compared to previous years. In particular, 46.4 per cent found full-time permanent employment, 24.2 per cent found part-time or temporary employment, and 4.2 per cent took on freelance work. However, the median gross monthly salary of PEI fresh graduates in full-time permanent employment from the 2023/2024 cohort rose to S$3,500, an increase from S$3,400 in the previous year. Graduates from the engineering, sciences and business course clusters had the highest percentages of graduates in full-time permanent employment. Meanwhile, the information and digital technologies course cluster reflected the highest median gross monthly salary in 2024. In Budget 2025, workforce support measures were introduced to help workers, including fresh graduates, navigate the uncertain economic landscape. This is intended to support individuals in their continual skills development, where PEI graduates can tap SSG's and Workforce Singapore's resources such as the Jobs-Skills portal for insights on in-demand and emerging skills.
Business Times
26-05-2025
- Business
- Business Times
Less than 75% of fresh graduates from private education institutions secure jobs within 6 months of graduation
[SINGAPORE] Fewer than three in four fresh graduates from private education institutions found employment within six months of graduation, based on the Private Education Institution (PEI) Graduate Employment Survey 2023/2024 released by SkillsFuture Singapore (SSG) on Monday (May 26). The survey was conducted between November 2024 and March 2025, and received responses from about 3,500 graduates across 27 PEIs, out of which about 2,300 were in the labour force. About 74.8 per cent of the 2,300 fresh graduates secured employment within six months of graduation. This was a dip from 83.2 per cent for the 2022/2023 cohort, reflecting weaker overall hiring demand as compared to previous years. In particular, 46.4 per cent found full-time permanent employment, 24.2 per cent found part-time or temporary employment, and 4.2 per cent took on freelance work. However, the median gross monthly salary of PEI fresh graduates in full-time permanent employment from the 2023/2024 cohort rose to S$3,500, an increase from S$3,400 in the previous year. Graduates from the engineering, sciences and business course clusters had the highest percentages of graduates in full-time permanent employment. Meanwhile, the information and digital technologies course cluster reflected the highest median gross monthly salary in 2024. In Budget 2025, workforce support measures were introduced to help workers, including fresh graduates, navigate the uncertain economic landscape. This is intended to support individuals in their continual skills development, where PEI graduates can tap SSG's and Workforce Singapore's resources such as the Jobs-Skills portal for insights on in-demand and emerging skills.
Yahoo
25-02-2025
- Business
- Yahoo
More Singapore graduates in 2024 jobless 6 months after leaving university: Survey; DBS to cut around 4,000 contract, temp staff as AI replaces roles: Singapore live news
Hello to all our readers, Yahoo Singapore will be bringing you live news updates today. More graduates in 2024 were jobless six months after leaving university, according to a survey released on Monday (23 Feb). Of the 12,500 fresh graduates polled in the 2024 Joint Autonomous Universities Graduate Employment Survey, 87.1 per cent were employed within six months of completing their final exams. However, the median gross salary among fresh graduates rose in 2024, increasing by 4.2 per cent from $4,317 last year to $4,500. DBS Group is looking to cut around 4,000 contract and temporary roles over the next three years, with artificial intelligence (AI) replacing staff in these roles. Chief executive officer Piyush Gupta the news, telling Bloomberg that the bank will trim its workforce following adoption of AI across its business. Read more in our live blog below, including the latest local and international news and updates. DBS Group is looking to cut around 4,000 contract and temporary roles over the next three years, with artificial intelligence (AI) replacing staff in these roles. Chief executive officer Piyush Gupta confirmed a Press Trust of India news agency report, telling Bloomberg that the bank will trim its workforce following adoption of AI across its business. Bloomberg reported that the bank has about 8,000 to 9,000 of such staff. Gupta also said that permanent staff will not be affected. According to a Bloomberg Intelligence report last month, global banks are projected to cut as many as 200,000 jobs in the next three to five years as AI increasingly takes over the tasks that was once carried out by human staff. For more on the DBS cuts, read here. More graduates in 2024 were jobless six months after leaving university, according to a survey released on Monday (23 Feb). Of the 12,500 fresh graduates polled in the 2024 Joint Autonomous Universities Graduate Employment Survey, 87.1 per cent were employed within six months of completing their final exams. There was a drop from 89.6 per cent in 2023, which itself was a drop from 93.8 per cent in 2022. Conversely, the proportion of those who were unemployed saw a rise across the years. In 2022, 6.2 per cent were unemployed, with the numbers doubling for 2024 to hit 12.9 per cent. Of those who were employed, 79.5 per cent found a full-time job, a drop from 84.1 per cent in 2023. This continued a downward trend from 2022 which saw 87.5 per cent of the graduates securing a full-time job. There was also a rise in those who went into part-time or temporary work, with 6 per cent of the respondents falling into this category. This was an increase from 4 per cent in 2023, and 4.4 per cent in 2022. Among the 6 per cent, though, 3.8 per cent went into it voluntarily – comparative to 3.6 per cent in 2022 but a rise from 2.9 per cent in 2023. The proportion who went into part-time/temporary work involuntarily has been rising steadily since 2022, from 0.8 per cent to 2.2 per cent in 2024. Those who went into freelancing remained somewhat steady at 1.6 per cent, compared to 2023's 1.5 per cent. Higher median gross salary However, the median gross salary among fresh graduates rose in 2024, increasing by 4.2 per cent from $4,317 last year to $4,500. According to the survey, the business cluster saw the largest increase, with the salary rising from $4,150 in 2023 to $4,400 in 2024. On the other end of the spectrum is the arts, design and media cluster which only saw a marginal increase of $60 to $3,800. The survey was conducted by the National University of Singapore, Nanyang Technological University, the Singapore Management University, the Singapore University of Social Sciences, and the Singapore University of Technology and Design. The Singapore Institute of Technology will release the results of its own survey separately at a later date. DBS Group is looking to cut around 4,000 contract and temporary roles over the next three years, with artificial intelligence (AI) replacing staff in these roles. Chief executive officer Piyush Gupta confirmed a Press Trust of India news agency report, telling Bloomberg that the bank will trim its workforce following adoption of AI across its business. Bloomberg reported that the bank has about 8,000 to 9,000 of such staff. Gupta also said that permanent staff will not be affected. According to a Bloomberg Intelligence report last month, global banks are projected to cut as many as 200,000 jobs in the next three to five years as AI increasingly takes over the tasks that was once carried out by human staff. For more on the DBS cuts, read here. More graduates in 2024 were jobless six months after leaving university, according to a survey released on Monday (23 Feb). Of the 12,500 fresh graduates polled in the 2024 Joint Autonomous Universities Graduate Employment Survey, 87.1 per cent were employed within six months of completing their final exams. There was a drop from 89.6 per cent in 2023, which itself was a drop from 93.8 per cent in 2022. Conversely, the proportion of those who were unemployed saw a rise across the years. In 2022, 6.2 per cent were unemployed, with the numbers doubling for 2024 to hit 12.9 per cent. Of those who were employed, 79.5 per cent found a full-time job, a drop from 84.1 per cent in 2023. This continued a downward trend from 2022 which saw 87.5 per cent of the graduates securing a full-time job. There was also a rise in those who went into part-time or temporary work, with 6 per cent of the respondents falling into this category. This was an increase from 4 per cent in 2023, and 4.4 per cent in 2022. Among the 6 per cent, though, 3.8 per cent went into it voluntarily – comparative to 3.6 per cent in 2022 but a rise from 2.9 per cent in 2023. The proportion who went into part-time/temporary work involuntarily has been rising steadily since 2022, from 0.8 per cent to 2.2 per cent in 2024. Those who went into freelancing remained somewhat steady at 1.6 per cent, compared to 2023's 1.5 per cent. Higher median gross salary However, the median gross salary among fresh graduates rose in 2024, increasing by 4.2 per cent from $4,317 last year to $4,500. According to the survey, the business cluster saw the largest increase, with the salary rising from $4,150 in 2023 to $4,400 in 2024. On the other end of the spectrum is the arts, design and media cluster which only saw a marginal increase of $60 to $3,800. The survey was conducted by the National University of Singapore, Nanyang Technological University, the Singapore Management University, the Singapore University of Social Sciences, and the Singapore University of Technology and Design. The Singapore Institute of Technology will release the results of its own survey separately at a later date.
