Search the Community

In our time, we can find work happy liao. In the 80s recession, i remember graduates driving SBS Gahmen gonna find it tough to manage expectations Fresh grads expect higher salary, faster promotion: survey SINGAPORE: A new survey shows recent graduates have higher wage expectations compared to previous years, and they also expect promotion by the second year of work. Two-thirds (64 per cent) of recent graduates expect a monthly salary of at least S$3,000 for their first job, according to an annual survey by job portal JobsCentral. Last year, the same survey reported only 55 per cent of respondents demanding more than S$3,000 per month for their first job. The higher expectation is more apparent among the top students surveyed. Three out of four (73.9 per cent) said they expect a monthly salary of more than S$3,000 from their employers. Top students are defined as those who have attained or are expecting to get a degree with First Class Honours, Second Class Honours, Summa cum Laude or Magna cum Laude. The survey - JobsCentral Employers of Choice Survey - also showed that the proportion of students who expect a monthly salary of more than S$3,000 has been increasing by approximately 10 per cent yearly. And the proportion of top students who have this expectation are approximately 10 per cent more than the overall cohort. A total of 2,213 respondents took part in the survey, which was conducted online from April to May this year. The respondents are from Nanyang Technological University, National University of Singapore and Singapore Management University, from the graduating classes of 2010 to 2017. Computing/IT majors have the highest salary expectation among those who were surveyed. Close to 78 per cent of this group of respondents expects to earn more than S$3,000 per month. Arts undergraduates and fresh graduates, on the other hand, have the lowest expectation, with 46.8 per cent expecting to earn more than S$3,000 per month. "The low unemployment rate and inflationary environment in Singapore has brought about higher wage expectations across the country. So it is not surprising that the fresh graduate market has followed this trend. At the end of the day, it's a demand-and-supply equation with employers competing for a limited pool of local entry-level graduates," Lim Der Shing, CEO of JobsCentral Group, said. Fresh graduates expect first promotion within first two years of work. Three out of four (75.5 per cent) of those surveyed also expect their first promotion to occur within the first two years of their career. 22.6 per cent believe that they may be promoted by the first year of work, while 52.9 per cent expect to be promoted in their second year. However, this percentage has actually been declining steadily over the last two years, and is in fact the lowest percentage since 2007. In 2010, 81.3 per cent expressed this expectation, and in 2011, 76.2 per cent indicated this. "Gen-Y graduates, place a lot of focus and importance on rapid career progression. In the past, most employers would expect three to four years of service before promoting an employee. "One solution to this issue is for organisations to create clearer and more segmented career paths so that promotions can be obtained quickly. Such segmentation allows managers to give near-term goals and KPIs for their entry-level staff and such an employee has a promotion to aim for that is within his or her expected time frame," Lim said. - CNA/ck

Once again, i see too many complaints against our govt which i think is unwarranted. Personally, as some of you may already know, i believe in our PAP and they have my support. So what are the expectations of an average Singaporean? 1) Cheap food - We have very very affordable food in Singapore. - I can get my coffee and $1. - I can get my economy rice at $2.50 2) Employment - Comparing to other countries, we have got a low unemployment rate - All of my friends and relatives have got a job - Those of my friends who were looking for a job previously found 1 in less than 4 months 3) Cheap and good public transportation - Yes, our transportation has met with some problems of late. All of this happened in the past 1 year. There wasnt such problems in the 10 years prior to this. - And they are taking good measures to rectify this. - It is cheap as you can get to anywhere in Singapore in less than $3. - You can get to almost anywere in less than 1.5 hours 4) Affordable medical cost - With adequate insurances, your medical cost can be very low. - I broke my arm last year - A&E was $70. After insurance, in all i paid less than $100. - You can see a GP for around $30 5) Taxes - We have got 1 of the lowest income tax 6) Public housing - This i agree is expensive if you have no job - But if you have a job, your CPF can really get you a roof (2 bedroom) over your head 7) Law and order - Crime rate is low - i feel safe walking around singapore at night So what do you all expect? - Economy rice at $1.00? - Getting to anywhere in Singapore in under 30min? - Getting to anywhere in Singapore for less than $1.00? - No or negligible income tax? - See GP for $10? - Zero crime rate?

Out of curiosity, how many people feel they are their own men / women, living their own lives to their fullest? How many feel they are actually struggling to live their lives based on other people's expectations? For some reason, you are obliged to validate other people's lives by accomplishing what they failed to do.

The all-new BMW 5 Series has exceeded its maker's own sales forecasts by a mile, according to a report by Bloomberg. Unveiled in November last year, the F10 5-Series was launched in Europe this past March and is apparently selling like the proverbial hot cakes. After losing money in 2009 the world's biggest maker of premium cars aims to improve its lot considerably in 2010. Cars like the X1 and 5-Series will help it achieve its target operating margin in the "lower one-digit percentage range." CEO Norbert Reithofer said his team is pushing for at least 1.3 million unit sales this year. However, challenges such as the lingering recession as well as Greece's financial problems and its effect on the euro currency could affect these plans. BMW took the top premium automaker crown from the Mercedes-Benz brand in 2005 and has not looked back since, although Audi seems to be making a serious challenge for it. Source: autonews.com (sub req)

Visited the Motor Show on Sat afternoon and was done in less than 2 hours - an absolute disappointment. The S$10 ticket is way overpriced for a show of such sub-standards - hardly of international standard. So few exhibitors. The exhibition hall was like a ghost town - hardly any crowd! The S$7 ticket offered in previous Motor Shows had more value as there were more exhibitors. Many major marques like Mitsubishi, Chevrolet, Daihatsu, Ford, Kia, Mercedes Banz, BMW, Peugeot, Proton, Ssangyong, Volvo & VW were missing. Perhaps they felt that booth rental was way too expensive and the Motor Show did not meet their marketing objective. The Motor Show is more of a warm up to Sexpo to be held this coming week, with many male visitors more keen in the female models than the actual cars on display.