Youth, Employment in Singapore

 

Youth employment has become a major concern around the world. The financial crisis that began in 2008 has damaged the world economy, youths aged 15-24 were struggling to find jobs; the number of youth unemployment has increased around the world. The situation is worsening because many countries do not devote enough attention to deal with youth unemployment. For example, in countries such as the UK and France the youth unemployment reaches to 20%, as about the US there are 16% of youths are jobless. The lowest figure in the world is in Singapore with 6.7 %.  There are several approaches to address youth unemployment and the first approach is to take educational system into account, because youths often get unnecessary qualifications, then they end up taking jobs unrelated to their education. As an example can be considered the case of China, youth employment is decreasing; there are not enough degree-level jobs available, it has made significant investments but, still challenges to provide job opportunities for the increasing number of youth jobseekers.

This issue is not only in China, the US or the UK, but around the world. Majority of youths end up working in industries they didn’t wish to enter. Similarly there is a mismatch between available skills and employers’ needs, even if there are many educated young people; employers struggle to fill entry-level jobs, due to the facts that many companies mostly require inadequate skills, which are basic skills.

‘According to the International Labour Organization (ILO), even though youths across most parts of the world were becoming more educated, they were twice more likely to be unemployed than adults’

Linking it to the case of Singapore, as it was mentioned before, it has the lowest youth unemployment rates in the world. Majority of young people prefer working and studying at the same time, they are more likely to be involved in internships or vacation jobs which helps enhance educational profile by gaining work experience and skills to build a better career in the future. Thus, graduates with practical experience have more opportunities to assess permanent employment. Youth who were fully engaged in the workplace have better chances to get a better job, while working students mainly held jobs in sales and services. Similarly, most youths aged 15-24 are mainly hired in the social service sector in hotels. It is well known that Singapore’s economy and the labor marked have been improving, but the service sector is seen as the major employer.  In this particular case, the youth is a winner; first of all, they have a variety of options and opportunities to get a job, temporary or permanent. Gaining work experience played plays and will play important role in getting a work placement after the graduation. Even though, if youth in education, try to take vocational jobs it still enhances their future abilities.

http://www.pmejobsnetwork.com.sg/downloads/Publications-Youths-in-the-Labour-Market-2011.pdf

http://www.worldfinancialreview.com/?p=3622

Madina Orazakynova

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