Retrenched PMETs spending more time seeking jobs?

We refer to the article “Redundancy, unemployment remain low in 2013: MOM” (Channel NewsAsia, Apr 25).

66% found jobs within 12 months?

It states that “66% of residents made redundant in the first three quarters of 2013 re-entered employment by December 2013, within 12 months of redundancy.

Statistic got worse because PMETs were taking their own sweet time?

This was slightly lower than the rate in 2012, due to PMETs spending more time seeking jobs.

Patrick Tay, assistant secretary-general of NTUC, said: “I think mainly because they will take time to pick up new skills or look for a job that matches their skills, qualifications, salary expectations.”

Not saying the obvious?

– Reading the above may make you laugh – because isn’t it rather obvious that PMETs may be finding it harder to get a job – rather than the reasons given?

Also, does it mean that 34% of those laid off – could not find a job after 12 months?

If this is arguably not a poor statistic – what is?

PMETs had highest redundancy rate?

The problems of PMETs may also be compounded by their highest redundancy rate – “In a press release outlining the findings of the report, it was also noted that professionals, managers, executives and technicians (PMETs) were more vulnerable to redundancy, with 7.3 made redundant for every 1,000 PMETs, compared to production and related workers (5.7 per 1,000) and clerical, sales and service workers (2.8 per 1,000).”

SY Lee and 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.