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To tackle unemployment among graduates and youth anger, invest in innovation and education

The expansion of university education in the last few decades has enabled millions of school leavers to continue their education in university. This is to be applauded. However, it has given rise to a new problem. Millions upon graduation cannot find the jobs they are trained for. This is part of their frustration and anger with the government and society.There are two sides to the problem. From the supply side, with the mushrooming of universities, especially profit-oriented ones, their… Source link

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China 

Chinese graduates encounter tougher job market as economy slows

China’s economic growth is the lowest in a decade, a trade war with the US drags on with no end in sight, and in this uncertain environment the country’s largest-ever batch of college graduates is hitting the job market.Even the best and brightest among the record 8.3 million graduates this year are struggling to land the prestigious jobs they had hoped for. More than 20 students from top Chinese and overseas universities told Bloomberg News they are pessimistic about the job market.Some have… Source link

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China 

China’s 8.34 million graduates fighting for fewer jobs as vacancies dwindle and gap years increase, survey shows

China’s 8.34 million graduates are facing a tougher and more competitive job market than their counterparts 12 months ago as a record number of applicants compete for a dwindling number of vacancies in an economy that is struggling to maintain stable growth in the midst of the trade war with the United States, a survey of students showed.The number of job openings for each new graduate applicant dropped to 1.41 this year from 1.54 last year, according to Zhaopin, an online job recruitment… Source link

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China 

China turns attention to jobs as trade war casts shadow over economy, with Li Keqiang demanding jobs for graduates, ex-military and more

Chinese Premier Li Keqiang has vowed to mobilise all resources to create jobs and stabilise the employment market as the China-US trade war threatens to drag on the economy.Chairing a national conference on employment in Beijing on Monday, Li demanded that cadres at all levels make job creation their top priority.The premier said priority should be given to fresh graduates, demobilised military personnel and migrant workers, all of whom faced challenges in the job market.“Supporting employment… Source link

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China 

Hohhot property deals: Chinese city offers graduates 50 per cent off new homes

A city in north China is offering half-price homes or two years’ free accommodation to recent graduates in a bid to attract fresh talent and breathe new life into its economy.According to a document published on Thursday by the municipal government, authorities in Hohhot, capital of the Inner Mongolia autonomous region, are planning to build a range of new flats especially for those who have graduated within the past three years.Each property will measure about 100 square metres (1,100 square… Source link

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Singapore 

Salary guides for fresh graduates 2019: Here’s why your expectations may be unrealistic, Singapore News

At this time every year, you are bound to see plenty of (viral) articles on your Facebook feed, proclaiming how much you should be earning as a fresh graduate. Many of these guides act as proxies for fresh graduates who are not aware of what sectors they will be entering into. And while some of these guides were written with good intentions, they may not always be helpful to graduates and may even be counterproductive by creating unrealistic expectations among graduates. Know that the raw data about the salaries of…

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Money 

You’re rehired! Chinese firm overturns decision to cancel employment offers to over 200 graduates

More than 200 Chinese graduates have had their job offers by China’s largest medical equipment manufacturer restored, with Shenzhen Mindray Bio-Medical Electronics citing “corporate social responsibility” having initially sparked a public outcry by cancelling the contracts in December. Mindray offered jobs to 485 students who will graduate in the summer from around 50 top universities across China during campus recruitment activities in September and October, but later withdrew the offers to 254 due to a change in business conditions. The decision was seen as a typical example of China’s struggling…

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Singapore 

Changes to university admission for poly graduates: What you need to know, Singapore News

The Ministry of Education is introducing more changes to the university admission scoring system, which will come into effect in 2020. The changes will see the National University of Singapore and Nanyang Technological University dropping the 20 per cent weightage given to O-level results for polytechnic graduate applicants. Polytechnic graduates will be assessed primarily based on their polytechnic Grade Point Average, which the ministry said provides a better and more current reflection of the knowledge and skills that they have gained during their polytechnic education. Here’s what you need to…

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