Why are full-time employed poly graduates dropping like flies?

According to the Ministry of Manpower’s Yearbook of Manpower Statistics 2015 –  the proportion of economically active polytechnic fresh graduates declined by 3.8 per cent from 93 per cent in 2007 to 89.2 per cent in 2014.

Full-time employed poly graduates dropped 16%?

Full-time permanently employed polytechnic fresh graduates declined by a whopping 15.9 per cent from 75.3 per cent in 2007 to 59.4 per cent in 2014.

Part-time employed polytechnic fresh graduates increased by a whopping 12.1 per cent from 17.7 per cent in 2007 to 29.8 per cent in 2014.

Part-time changed to 35 hours?

Since before 2009, part-time employment refers to employment where normal hours of work is less than 30 hours (it was changed to up to 35 hours in 2009) – arguably, the “real” part-time employed graduates may be much more, and correspondingly the full-time employed graduates much less.

Real starting salary growth -8% last 7 years?

The median starting salary for full-time permanently employed polytechnic fresh graduates increased by only 17.6 per cent from $1,700 in 2007 to $2,000 in 2014. As inflation from 2007 to 2014 was 25.5 per cent – does it mean that the real starting salary growth was -7.9 per cent (25.5 – 17.6) over the seven years?

Huge influx of foreign workers?

To what extent has the huge influx of foreigners to an estimated non-Singaporean share of the total workforce to 48 per cent now, and our liberal foreign labour policies contributed to the above?

Leong Sze Hian

About the Author

Leong
Leong Sze Hian has served as the president of 4 professional bodies, honorary consul of 2 countries, an alumnus of Harvard University, authored 4 books, quoted over 1500 times in the media , has been a radio talkshow host, a newspaper daily columnist, Wharton Fellow, SEACeM Fellow, columnist for theonlinecitizen and Malaysiakini, executive producer of Ilo Ilo (40 international awards), Hotel Mumbai (associate producer), invited to speak more than 200 times in about 40 countries, CIFA advisory board member, founding advisor to the Financial Planning Associations of 2 countries. He has 3 Masters, 2 Bachelors degrees and 13 professional  qualifications.