Fresh university graduates enjoyed higher salaries in 2023 than in the last three years, although fewer of them were able to find full-time, part-time and freelance jobs amid slower economic growth.
The latest graduate employment survey, released on Feb 22, showed that the median gross salaries of fresh graduates rose to $4,313, from $4,200 in 2022.
However, only 84.1 per cent of fresh graduates in the labour force were able to secure full-time permanent roles, compared with 87.5 per cent in 2022.
There were also fewer of them in part-time or temporary work (4 per cent, down from 4.5 per cent in 2022) or doing freelance work (1.5 per cent, down from 1.8 per cent in 2022).
Overall, of the 10,900 graduates in the labour force surveyed, 89.6 per cent found permanent, freelance or part-time jobs within six months of graduating, a drop from 93.8 per cent in 2022.
The figure is about the same for pre-Covid-19 years.
Before the pandemic, from 2017 to 2019, an average of 89.9 per cent of those in the labour force were employed, with 80.4 per cent in full-time permanent roles.
Bu hikaye The Straits Times dergisinin February 23, 2024 sayısından alınmıştır.
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Bu hikaye The Straits Times dergisinin February 23, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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