Introduction
Labour markets may be local or international in their scope and are made up of smaller, interacting labour markets for different qualifications, skills, and geographical locations. They depend on exchange of information between employers and job seekers about salary, conditions of employment, level of competition, and job location. The nominal market in which workers find paying work, employers find willing workers, and wage rates are determined.(Jenkins, 2004)
Graduated market place
The marketplace for graduates are ample but chances of getting employed are challenging in Singapore. Fresh graduates might be eased to realize that passage level positions are still accessible. According to Trade and Industry Minister Lim Hng Kiang, there will be more than 30,000 employments created this year, of which 6,000 will originate from new ventures coming into Singapore. (Getting A Job in Singapore, 2013)
Singapore Management University’s graduates from the 2012 cohort have registered a robust overall employment rate of 91.7% and higher salaries across five of the university's degree programmes. These healthy results were achieved despite the uncertain global and local economic conditions in 2012.This was the first time the three autonomous universities conducted a joint Graduate Employment Survey (GES). (Smu.edu.sg, 2013)
Singapore’s current demand are for the healthcare, transport, education, aerospace, insurance, service, biomedical and construction industry. (Getting A Job in Singapore, 2013)
What skill and competencies are graduate employers looking for?
Every employer is looking for a fact set of power from individuals that match the attainment necessary to perform a particular occupation. But beyond these technical acquisition, certain skills are nearly universally sought-after by leader. The safe news is that most job-searcher dominate these