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http://www.tremeritus.com/2014/03/10/job-placements-decline-despite-record-jobs-vacancies/ Job placements decline, despite record jobs, vacancies? March 10th, 2014 | Author: Contributions I refer to the Department of Statistics’s (DOS) Monthly Digest of Statistics January 2014 released a few days ago. Job placements declining? Under Employment Services – the ratio of New Registrants to Placements has declined from 48% in July to 45, 38 and 33% in October, November and December, respectively. (Note: Placements – Number of people who were placed into employment by the career centres. This includes those who found their own jobs after receiving services from the career centres.) Record jobs, vacancies – but harder to get jobs? With record numbers of job vacancies, vacancies unfilled over 6 months and jobs creation for locals, in the 2 reports published recently by the Ministry of manpower (MOM) – why is it that the job placement rate for locals is declining? No breakdown into Singaporeans & PRs? Why is there no breakdown of the job placement statistics into Singaporeans and Permanent Residents (PRs)? Previous Job placement rate just over 10%? However, according to previous Monthly Digest of Statistics’ reports, the ratio of Job Seekers Placed in Employment to Job Seekers Attended To was 14%, 18% and 12%, for 2011, 2012 and December 2012, respectively. More or less job seekers? Job seekers dropped from 100,504 to 24,500? According to media reports, “between January and November 2012, the number of people approaching the CDCs for training and employment assistance was 24,500, a 3 per cent drop compared to the same period in 2011. The success rates of those being placed into employment has also been higher in 2012. 11,800 were placed into jobs between January and November 2012, compared to 10,100 for the same period in 2011″ However, according to the Department of Statistics’ (DOS) Monthly Digest of Statistics Singapore June 2012, job seekers attended to by the CDCs and e2i, was 99,608 and 100,504, in 2010 and 2011, respectively, and job seekers placed in employment was 17,732 and 14,223, respectively. (“Easier to get jobs?“, Sep 7 and “Latest statistical highlights: Job placement rate drops to 14%, Jul 17) “Job seekers attended to” changed to “New Registrants”? It would appear that the Monthly Digest of Statistics was changed to “New Registrants”, instead of ”job seekers attended to”. This change has resulted in a dramatic increase of the job placement rate from 14 and 18 per cent in 2011 and 2012, respectively, to 36 and 49 per cent. What is the definition and difference between “New Registrants” and ”job seekers attended to”? Was this change announced to anybody? Job placement rate increase 172% (by magic)? So, this change has literally “by the stroke of a pen” increased the job placement rate in 2011 and 2012 by 157 per cent (36 divided by 14) and 172 per cent (49 divided by 18), respectively. So, how is it possible that 100,504 job seekers attended to by the CDCs and e2i in 2011, has dropped dramatically to only 24,500 job seekers approaching CDCs in 11 months (excluding e2i?)? Uniquely Singapore! Leong Sze Hian Leong Sze Hian is the Past President of the Society of Financial Service Professionals, an alumnus of Harvard University, Wharton Fellow, SEACeM Fellow and an author of 4 books. He is frequently quoted in the media. He has also been invited to speak more than 100 times in 25 countries on 5 continents. He has served as Honorary Consul of Jamaica, Chairman of the Institute of Administrative Management, and founding advisor to the Financial Planning Associations of Brunei and Indonesia. He has 3 Masters, 2 Bachelors degrees and 13 professional qualifications. He blogs at www.leongszehian.com.