Singapore’s millennials are graduating from tertiary education in uncertain times today. The local job market is at the weakest it has been in the current decade. Amid the cautious hiring outlook, a joint graduate employment survey by Nanyang Technological University (NTU), National University of Singapore (NUS) and Singapore Management University (SMU) found that fresh graduates found it harder to land fulltime jobs in 2016. With only 80.2% finding permanent employment within six months, this represented the lowest it has been since the survey was first carried out in 2012.1
In addition, local resident unemployment stands at 3.0%, its highest since 20102, and employment growth in the country has slowed to its lowest levels since 20033. At the same time, locals also have to consider the implications of technology and automation reducing manpower needs in some role as well as cope with certain jobs moving overseas due to cost considerations.
Despite this, millennials in Singapore are also graduating from school at an exciting crossroads in the country’s history. They have the ability to chart fulfilling global careers that will continue to elevate Singapore’s standing in the world.
For all the big and aspirational dreams one may have as a young person, it is easy to find yourself procrastinating through school or even feeling comfortable in your first job. To guard against that, here are five tips you can use to start building a meaningful global career today.