Universum’s Expertise Survey – India 2023

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Feminine college students ranked work-life stability and safe employment as high profession aspirations. In the meantime, male college students prioritize employers who provide robust compensation now and sooner or later.

Singapore, twenty seventh June 2023 – Right now, Universum launches the findings from the Singapore portion of its annual world expertise survey, with greater than 10,000 collaborating college students from six universities. The analysis units out to trace the profession aspirations and preferences of Singapore’s future expertise pool, the survey additionally recognises essentially the most coveted employers primarily based solely on the responses collected.

This yr, native champion A*STAR retained its place as essentially the most engaging employer amongst engineering and pure sciences college students, whereas the Ministry of Training gained one place and emerged as essentially the most ideally suited employer for Singapore’s humanities/liberal arts/training college students. Google retains its place because the best choice for each enterprise and IT expertise.

The survey reveals the banking sector continues to extend in recognition among the many extremely coveted IT cohort and stays the highest business alternative for enterprise expertise. In the meantime, aerospace and defence was the best choice for engineering college students.

College students have faith within the job market however nonetheless worth safety

The analysis reveals that 46% of respondents plan to stick with their first employer for 2 years or much less, with solely 9% of graduates believing it’s best to stick with their first employer for the lengthy haul. Nonetheless, they extremely worth job safety, which ranks 4th out of the 40 totally different attributes measured. This factors to the low ranges of belief and loyalty seen within the worker/employer dynamic, which appears to be an element within the higher-than-usual ranges of attrition now we have noticed in most industries proper now. A heightened degree of churn that could possibly be right here to remain for a while.

Elevated considerations in distant work setup

The info exhibits younger expertise in Singapore prioritize employers who encourage work-life stability, provide excessive future earnings and supply a pleasant work setting.

Mike Parsons, Managing Director of APAC for Universum, mentioned, “We all know that expertise could be demanding, on the whole, and that issues aren’t any totally different right here in Singapore. What’s attention-grabbing, nonetheless, is simply how extremely younger native expertise prioritize work-life stability on this market, presumably as a symptom of residing in such a career-focused nation that so extremely prizes educational and profession achievement.

A standout attribute of Singapore’s younger skilled workforce is how pragmatic and forward-thinking they’re. Through the years, all by the information, now we have seen this group prioritizing issues like development, growth, profession path, and future earnings over issues extra fast, comparable to base wage and advantages. Even within the face of excessive inflation, this has not modified a lot.”

The urge for food for distant working alternatives upon commencement has elevated, with 73% of respondents indicating a choice for distant work alternatives in comparison with 69% the yr earlier than.  Nonetheless, the survey additionally exhibits that considerations round distant working are additionally rising, particularly the influence it will have on constructing social connections with co-workers (2023: 49%, 2022: 46%) and emotions of employer bias for in-person staff (2023: 45%, 2022: 39%).

By way of wage expectations, the analysis exhibits that, on common, college students in Singapore anticipate a 4% greater annual wage for his or her first full-time job, from 50,388 SGD final yr to 52,457 SGD this yr. The hole in expectations between the genders stays at 13% with anticipated salaries of males at 56,978 SGD and girls at 49,624 SGD.

39% of scholars use profession festivals to interact with potential employers

As profession festivals within the native universities return put up Covid-19, college students report lowered use of different channels comparable to social media (2023: 50%, 2022: 56%), information media (2023: 35%, 2022: 40%) and employers’ profession web sites (2023: 32%, 2022: 39%) because the locations they go to study their future employers.

About Universum  

Universum is a data-driven employer branding company. Based in Stockholm, we are actually lively in over 60 international locations, with key hubs in Zürich, Paris, Berlin, London, New York, Singapore and Shanghai. The Universum Expertise Survey, carried out in over 60 markets worldwide, surveyed a couple of million college students and professionals about their preferences amongst potential employers, their profession concepts, and communication preferences. Leveraging this, we offer our purchasers with the analysis, technique, and artistic options they should compete extra successfully for expertise.  

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