Poly: Full-time jobs down – 75 to 56%, pay -2.7% last 8 years?

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Over 90% of poly graduates employed within 6 months, better than 2015

I refer to the article “Over 90% of poly graduates in 2016 employed within six months, better than 2015” (Straits Times, Jan 12).

56% secured full-time permanent employment

It states that “About 56 per cent of these respondents had secured full-time permanent employment, and 34.8 per cent were on part-time, temporary or freelance employment.”

In last year’s Graduate Employment Survey – 57.9 per cent secured full-time permanent employment.

This year’s result is a decrease from last year’s 57.9 to 56.0 per cent now.

Full-time employment dropped fro 75.3% (2007) to 56.0%?

Compared to 2007’s 75.3, 2010’s 68.5 and 2013’s 62.7 per cent – it has been declining almost yearly from 75.3 per cent in 2007 to 56.0 per cent now.

Why is this so?

10% unemployed?

With regard to “About 90 per cent of the respondents in the labour force – those who were working, or not working but actively looking and available for work – had found employment” – does it mean that about 10 per cent couldn’t find any employment (full-time or part-time) at all?

“Most” means?

In respect of “Most of those who were on part-time, temporary or freelance employment were pursuing or about to begin further studies” – what does “most” mean – 51, 60, 90 per cent?

Salary increased from $1,800 (2008) to $2,200?

As to “The overall median gross monthly salary for fresh graduates and post-NS graduates in full-time permanent employment was $2,200 in 2016 – similar to that from 2015” – compared to 2008’s $1,800 – it has increased by about 22.2 per cent ($2,200 divided by $1,800) in the last eight years or so.

Real salary decreased -2.7% last 8 years?

However, since inflation from 2007 (CPI 79.65) to 2015 (CPI 99.46) was about 24.9 per cent – does it mean that real salaries have decreased by about -2.7 per cent (24.9 – 22.2) in the last eight years or so?

Leong Sze Hian


About the Author

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.