23 June 2019
Fresh graduates in Singapore are getting more short-term contract jobs, along with multiple rejections or even non-replies to job applications, as well as having to lower their job and salary expectations.
Their job hunt this year coincides with the United States-China trade war, which has cast a dark shadow on the global economy. Singapore, whose economy is highly dependent on global trade, will not be able to escape unscathed.
The Ministry of Manpower recently issued its labour market report on the first three months of this year. The report noted that there are more vacancies than job seekers, but the demand for labour has eased following seven preceding quarters of increases. It also said that more workers were retrenched in the first quarter of this year, compared to the previous quarter as well as a year ago.
The MOM report said that companies were more cautious with the economy undergoing restructuring, and they preferred hiring workers on a short-term basis.
Despite the possibility that those in contract roles could be easily let go by companies when the going gets tough, most fresh graduates are open to taking up contract jobs. Many fresh graduates are now attracted to contract jobs as these allow them to experience a spectrum of roles, rather than to specialise in one for a long time. They also see such roles as opportunities to gain a deeper understanding of the job responsibilities and working culture before committing to a longer term career.