Fresh grads in Singapore may need to taper salary expectations amid uncertainty: Analysts
Analysts say fresh graduates in Singapore may need to moderate their salary expectations, as wage growth this year is expected to diverge across sectors amid global uncertainty. Based on a survey of residents aged 22 to 28 last year, the Manpower Ministry found that graduates across most disciplines earned less than they had expected. The School-to-Work Transition Study also found that around one in three university graduates rejected job offers as the wages were too low. About a quarter said they were holding out for a better opportunity. Caitlin Ng reports.
Analysts say fresh graduates in Singapore may need to moderate their salary expectations, as wage growth this year is expected to diverge across sectors amid global uncertainty. Based on a survey of residents aged 22 to 28 last year, the Manpower Ministry found that graduates across most disciplines earned less than they had expected. The School-to-Work Transition Study also found that around one in three university graduates rejected job offers as the wages were too low. About a quarter said they were holding out for a better opportunity. Caitlin Ng reports.
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