My views on the job market in Singapore
It’s that time of the year again when local fresh graduates enter the job market. I still remember the trepidation and fear I had when I graduated 7 years ago. On one hand, I was pretty excited about having an income, being financially independent from my parents and having my own purchasing power. On the other hand, I was also worried about securing a job that comes with great prospect and good pay.
Many jobs but one career
First, the good news for fresh graduates: in this day and age, it is okay to job hop. The older generation of workers tend to believe in loyalty to company and would not jump ship for higher pay or job title.
In today’s context, employee loyalty is longer relevant in view of shorter market cycles. Nowadays, companies are quick to retrench workers during downturns, so if you overstay in your company, you might be the next one on the hit list. So it is alright to switch several jobs during the first few years of your job journey. But make sure you gained enough competencies, skills or niche knowledge from each job taken.
For fresh graduates, nothing is more important than gaining work experiences.
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