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Thread: Is the Singapore economy really recovering?

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    Default Is the Singapore economy really recovering?

    Every few weeks, the newspaper and media state that there are more jobs created, employment rises, more bosses to hire in the 2nd quarter etc? How far is this true? I beg to differ. Are there any job seekers who have a degree and are between 35 to 45 years old and are unable to find a job? Yes, plenty. You will be shocked to know that it is almost impossible to even land an admin job or to switch lines without the RELEVANT EXP. How do get relevant exp when no one gives you a chance. Not even temp or contract jobs are possible. What is your take? Anyone experiencing this too?
    I'm here to learn.:flame:

  2. #2

    Default Re: Is the Singapore economy really recovering?

    i think there is a fine line between finding any job and finding the job you seek.

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    Default Re: Is the Singapore economy really recovering?

    Quote Originally Posted by pokiemon View Post
    i think there is a fine line between finding any job and finding the job you seek.
    Let's say that your exp is in admin but you are wanting to switch to HR. Would you be able to get that job? The answer is no. Likewise, if you you say you are open to finding any job, the employer looks at your background and says no, you don't qualify for the job and they will always think that you will leave the job quickly when the chance arises. Either way, it is all impossible.
    I'm here to learn.:flame:

  4. #4

    Default Re: Is the Singapore economy really recovering?

    The no. of graduates driving taxis would be a good gauge of how good the economy is, that's what I read.

  5. #5
    New Member kriegsketten's Avatar
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    Default Re: Is the Singapore economy really recovering?

    Only recovering in the sectors that see booming - construction, hotel admin, casino, some tourism related service, etc... Pharmaceatical, Medicinal, Hospice care, Water, probably high-tech manufacturing as well, etc...

    I have colleagues in the printing industry crying their hearts out for the lack of projects... I feel worried for them... I'm sure there are many more that are not being highlighted...

  6. #6

    Default Re: Is the Singapore economy really recovering?

    Quote Originally Posted by dancemania View Post
    Let's say that your exp is in admin but you are wanting to switch to HR. Would you be able to get that job? The answer is no. Likewise, if you you say you are open to finding any job, the employer looks at your background and says no, you don't qualify for the job and they will always think that you will leave the job quickly when the chance arises. Either way, it is all impossible.
    so what you are saying is that, if the economy is good,

    i should hire someone who's say........ been teaching dance for 20 years to head a company.


  7. #7

    Default Re: Is the Singapore economy really recovering?

    Quote Originally Posted by dancemania View Post
    Let's say that your exp is in admin but you are wanting to switch to HR. Would you be able to get that job? The answer is no. Likewise, if you you say you are open to finding any job, the employer looks at your background and says no, you don't qualify for the job and they will always think that you will leave the job quickly when the chance arises. Either way, it is all impossible.
    example of finding your job you want - switching from admin to HR with no relevant experience and expecting the same pay and same grade.

    example of getting any job - switching from admin to HR with no relevant experience and starting from bottom and geting pay cut.

    i had the chance to switch from consumer bank to corporate finance m&a and valuation 3rd tier firm with a pay cut and 2 grades lower. are there jobs available? yes. is it aligned with what i am looking for in terms of pay and company? no.

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    Default Re: Is the Singapore economy really recovering?

    Quote Originally Posted by night86mare View Post
    so what you are saying is that, if the economy is good,

    i should hire someone who's say........ been teaching dance for 20 years to head a company.

    You must be joking. That is not what I mean.
    I'm here to learn.:flame:

  9. #9

    Default Re: Is the Singapore economy really recovering?

    Quote Originally Posted by dancemania View Post
    Let's say that your exp is in admin but you are wanting to switch to HR. Would you be able to get that job? The answer is no. Likewise, if you you say you are open to finding any job, the employer looks at your background and says no, you don't qualify for the job and they will always think that you will leave the job quickly when the chance arises. Either way, it is all impossible.
    This example has nothing to do with the economy. I'm a fresh grad. And i can tell you its relatively easy to find a job relevant to your field of studies right now.

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    Default Re: Is the Singapore economy really recovering?

    Quote Originally Posted by pokiemon View Post
    example of finding your job you want - switching from admin to HR with no relevant experience and expecting the same pay and same grade.

    example of getting any job - switching from admin to HR with no relevant experience and starting from bottom and geting pay cut.

    i had the chance to switch from consumer bank to corporate finance m&a and valuation 3rd tier firm with a pay cut and 2 grades lower. are there jobs available? yes. is it aligned with what i am looking for in terms of pay and company? no.
    I guess that you are lucky to have the chance to make a switch and of course, this would only be your stepping stone for now.

    On the otherhand, switching from Admin to HR with no exp or cert and starting from the bottom with a large pay cut is impossible. So is Admin cum HR job or any Recruitment job.
    I'm here to learn.:flame:

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    Default Re: Is the Singapore economy really recovering?

    Quote Originally Posted by liveevil View Post
    This example has nothing to do with the economy. I'm a fresh grad. And i can tell you its relatively easy to find a job relevant to your field of studies right now.
    Lucky you- fresh grad.
    I'm here to learn.:flame:

  12. #12

    Default Re: Is the Singapore economy really recovering?

    Quote Originally Posted by dancemania View Post
    You must be joking. That is not what I mean.
    probably not, i am simply taking your logic and pushing it further down the line.

    if i am an employer, and you are a person who has been doing 8000 other things but the job you are applying for........ and i have choices who have relevant experience who can settle in faster, will require less time to learn the ropes..... it's a free market - good economy or not, why should i pick you over them?

    one thing one has to bear in mind when you take that first job, and subsequent jobs, especially when you're young - it has resounding impact on the rest of your life, and that's how it is.
    Last edited by night86mare; 5th May 2010 at 05:12 PM.

  13. #13

    Default Re: Is the Singapore economy really recovering?

    This is from the people I meet on daily basis due to work . by no means reflective of the larger economy.

    It seems the recovery is not evenly spread. Can be pretty good only for selected industries while others are still doing badly or perhaps even worse. Shipping is still down, financial picking up, manufacturing depends... etc

    As for job market, from my small circle of friends and associates, at least 7 of them have changed jobs in the past 12mths, some job hopped twice. But caution, relevant experience does makes all the difference.

    If you are in the type of job where experience is transferable to all industries, this should be a golden period for you , HR, Accounting, supply chain etc.

    2nd this comment :
    "one thing one has to bear in mind when you take that first job, and subsequent jobs, especially when you're young - it has resounding impact on the rest of your life, and that's how it is. "

    Sadly it is very difficult to change jobs/industry after a few years, hurts esp if the industry is in its bust cycle & your skills are not transferable.

    女怕嫁错郎,男怕入错行

    my $0.02 of ramblings

  14. #14
    Member 9V-Orion Images's Avatar
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    Default Re: Is the Singapore economy really recovering?

    Fresh local graduates whine too much, they expect to be constantly spoon fed. Little wonder that many companies prefer to hire FTs from overseas.
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    Senior Member Sion's Avatar
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    Default Re: Is the Singapore economy really recovering?

    Quote Originally Posted by Justintime View Post

    女怕嫁错郎,男怕入错行

    my $0.02 of ramblings
    But we've told:

    女怕嫁错郎
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  16. #16

    Default Re: Is the Singapore economy really recovering?

    Quote Originally Posted by dancemania View Post
    Every few weeks, the newspaper and media state that there are more jobs created, employment rises, more bosses to hire in the 2nd quarter etc? How far is this true? I beg to differ. Are there any job seekers who have a degree and are between 35 to 45 years old and are unable to find a job? Yes, plenty. You will be shocked to know that it is almost impossible to even land an admin job or to switch lines without the RELEVANT EXP. How do get relevant exp when no one gives you a chance. Not even temp or contract jobs are possible. What is your take? Anyone experiencing this too?
    You titled your question: "Is the Singapore economy really recovering?"

    I feel that you are asking something different, which is "changing professional lines". This has always been a difficult issue for exactly the reasons that you stated "it is almost impossible to even land an admin job or to switch lines without the RELEVANT EXP"

    It is not a new problem or related to the current state of the economy, its just the way things are and have been. Look it up in a book, etc, need to study, gain knowledge, need to be able to compromise, lower expectations, work harder, try to network in that specific industry.... etc etc..

    -- marios

  17. #17

    Default Re: Is the Singapore economy really recovering?

    Quote Originally Posted by marios_pittas View Post
    You titled your question: "Is the Singapore economy really recovering?"

    I feel that you are asking something different, which is "changing professional lines". This has always been a difficult issue for exactly the reasons that you stated "it is almost impossible to even land an admin job or to switch lines without the RELEVANT EXP"

    It is not a new problem or related to the current state of the economy, its just the way things are and have been. Look it up in a book, etc, need to study, gain knowledge, need to be able to compromise, lower expectations, work harder, try to network in that specific industry.... etc etc..

    -- marios
    that is absolutely correct. also economy may be recovering but employers are cautious to hire too aggressively hence maybe a reflection of what we are seeing now - an improving economy but employment may not increase in lline with economy.

  18. #18
    Member adorable's Avatar
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    Default Re: Is the Singapore economy really recovering?

    My friends who are already working all started to change job and got good pay increments. How I wish I can graduate now!
    Canon 7D with 15-85mm

  19. #19

    Default Re: Is the Singapore economy really recovering?

    i am having the same prob. too complacent when i was younger; chosen a secure job with no market value. in this generation, networking /
    关系
    is paramount; getting a job thru direct recommendation to the hiring HR is higher.



  20. #20

    Default Re: Is the Singapore economy really recovering?

    Quote Originally Posted by 9V-Orion Images View Post
    Fresh local graduates whine too much, they expect to be constantly spoon fed. Little wonder that many companies prefer to hire FTs from overseas.
    yes and no...

    yes that Fresh local grads KPKB so much and all the time wan this, dun wan this, wan that, dun wan that..... sometimes they should just slap themselves to wake up.

    no in the sense that in certain disciplines, politics within and from outside can directly/indirectly affect the market.

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