Fresh graduates are facing a tough job market, with LinkedIn reporting a significant drop in job postings per applicant, highlighting the growing skills gap. As vacancies diminish and competition intensifies, companies are on the lookout for more qualified candidates, leading to a mismatch between available jobs and the skills of job seekers.
Key Points
- The number of job postings per applicant in Singapore has decreased by 8% over the past year.
- There’s an increasing mismatch between graduates’ skills and employers’ expectations, especially in soft and technical skills.
- Employers report that 50% of applications fail to meet their requirements.
- Notable skills gaps are evident in areas such as AI, information technology, and sustainability.
- Internal career growth opportunities are crucial for retaining employees, with 69% of workers valuing them.
Why should I read this?
If you’re a recent graduate or about to enter the job market, this article lays out the harsh realities you’re likely to face. With fewer jobs and an ever-growing skills gap, knowing what employers are looking for can save you time and effort in your job search. Plus, it’s essential to keep your skills fresh and adaptable as the landscape evolves. Don’t miss out on these insights!