Degree Or Skill In Singapore Case Study

A Study of Degree or Skill in Singapore

1. Introduction

In Singapore there are close to 674,000 university graduates. However, not all of the 674,000 graduates could get a job with a degree certificate in their hands. An article reported by Channel NewsAsia in 2015, May 23, had interviewed Mr. Tan, 30 years old, who studyed in Human Resource Management and graduated with a second-class upper degree was currently doing executive work which was buying office needs and processing funds. “I wished that we could learn more skills in university other than knowledge instead,” he said. This article brings out the issue on Singapore university graduates could not get a job that suits the degree they are holding. This issue leads to the purpose of

Degree

What is degree? Degree basically means education. It is an academic title conferred by universities and colleges to show the completion of a course of study, or as a nominal appreciation of accomplishment. It is a certificate to show that the person has the knowledge that meets the career demand at a certain area. Statistic shows that over 40% of the Students who passed their GCE ‘O’ level and GCE ‘N’ level choose to go to local university, so why do so many people prefer to have a degree?

2.1 High Earning Potential

One of the most important reasons why people want a degree is that it brings them high earning potential. Research shows that the everage income for a diploma holder is $2,000/month however for a degree holder, their monthly income is $3,000/month.

A person with a degree could earn $1000 dollars extra every months , and that’s almost 1 million extra income for that person’s entire working life. So is four-years of the time you spend in college (when you probably spending $50,000) worth earning an extra 1 million dollars than the people who enjoyed that 4 years?

2.2 Job Stability

Stability is what every employee wants. During an ecomonic fall, it is normal that employers would cut the jobs for their own survival. It’s not surprised that the people who lose the jobs are those who without a solid education

3. Skill

A skill is a learnt ability to complete a task with pre-determined results usually with a given amount of time. In other way, the abilities that other possesses. In the domain of work, some general skills would include teamwork and leadership and so on. Whereas some specific skills would only be useful for a specific job. Skill also means the experience you have before starting work such as past internships, competitions. In the following paragraphs, I will explain what are the skills that companies value and why is it important to have some skills/experience.

3.1 Leadership, management and teamwork.

Leadership is the skill of influencing people to work assigned tasks willingly, efficiently and effectively. A good leader does what is right not what is popular. By effectively planning and leading, employees will have the positive attitude at workplace and that speed up the time for them to complete the given tasks.

Teamwork in the workplace makes the employer and staff capable to become more familiar with each other and learn how to work as a team. A good team knows the advantages and disadvantages they are facing. A strong teamwork also allows the upper management to see the capability each team member