Is it worth pursuing a degree today?

The Ministry of Manpower (MOM) released a report yesterday (3 February 2016) on the declining job vacancies in Singapore.

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According to the report, job vacancies fell by 7,400 last September from the same month in 2014.

And industry experts are concerned about the mismatch between the kinds of jobs workers look for and the kinds of jobs that employers find difficulty filling.

Skillsfuture

But the issue is deeper than that.

According to NTUC Director for Youth Development and Labour Member of Parliament, Desmond Choo, there is a mismatch in education skills versus employers’ expectations. This, he said, was a growing concern among youth.

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In his maiden Parliament speech on  25 January 2016, Choo said that in today’s economy, “there will be new sectors and jobs that will require skills and knowledge that are new even to those who just graduated”.

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He added that there should be a tighter nexus between learning and job requirements. He cautioned that young people who aspire for a degree should not make it a mere paper chase but adds real value in improving career and job prospects.

Choo also suggested that the youth should equip themselves with the skills so that we are “future-ready”.

Lim Swee Say

Indeed, the Minister for Manpower Lim Swee Say also agreed that in a situation where there is a mismatch in terms of what employers are looking for and the skills and experience that jobseekers have, he said the SkillsFuture initiative will equip workers with the relevant skills.

There have been much news about the impending economic slowdown. Hence, there is now a real need for a change in mindset for both employers and employees to improve themselves in terms of skills.

Since, the SkillsFuture Credit is available to tap on, Singaporeans should not delay in undergoing training to either deepen their skills or even learn another skill in order to be “Future-Ready”.

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Arthur Lee

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