Financial constraint is the top barrier for pursuing further education, even as respondents recognise the need to stay relevant
More respondents prefer taking a diploma course, with a sharp spike in interest for computer science/IT courses
Majority hope to study in Singapore, with local certification and flexible arrangements
SINGAPORE - Media OutReach - 29 June 2017 - Getting a new diploma and studying locally are among the ways by which adult learners plan to get ahead in their careers, amidst a flat economy in 2016. While most continue to recognise the importance and benefits of further education, financial concerns are making more shy away from possibly doing so in 2017, according to the JobsCentral Learning Survey 2017 of 4,580 respondents. The annual JobsCentral Learning survey conducted by CareerBuilder Singapore is one of Singapore's most comprehensive studies regarding the local higher education landscape.
It's About the Money
Most respondents are keen to pursue further education, although there was a notable dip in interest from 73% in 2015 down to 63% percent in 2016. Financial hardship (33%) was the biggest challenge faced, while expressing satisfaction with their current education level, the top reason given in 2015, fell to second place.
Most respondents recognised the benefits of updating their skills and knowledge. They cited career advancement (72%), self-improvement (65%) and improvement of employability (59%) as the top reasons that motivated them to further their education.
More than half (52%) of the respondents who cited financial constraint as a reason not to further education are aware of various funding options available, as compared to 50% in 2015. Awareness of the SkillsFuture Credit scheme was the highest (61%), a big increase from 2015 (23%).
"Despite 2016's economic slowdown, which affects the overall demand for goods, the majority of respondents want to pursue further education. This could be due to an anticipation of a more competitive local landscape, as employers cut down on employment and adopt a more precise approach to recruitment. Potential employees are therefore keen to enhance their skills and knowledge in order to stand out and stay relevant amidst the fierce competition," said Sam Ng, Managing Director of CareerBuilder Singapore.
Top of the Hot List: Getting a Diploma
Gaining knowledge in specific skill-based areas is perceived to be paramount. Getting a Diploma/Advanced Diploma/Graduate Diploma was the most sought-after education option, with a sharp increase of 18% in its preference level in 2016. There was a slight dip in interest levels for both Postgraduate and Bachelor's Degrees.
There is growing interest in acquiring skills related to an increasingly digitalized world. In a stark contrast from 2015, Computer science/ IT courses, previously not featured among the top five, shot to second place. Business Studies and Management retained its top position.
A high percentage (63%) of respondents prefer to further their education in Singapore, compared to doing so overseas (16%). In addition, over 1 in 2 would prefer their certification to be awarded by a local institution.
The concern over costs was a main concern in deciding on an education institution, being the second most important factor.
Respondents are leaning towards learning with an increased level of flexibility - part time academic programmes remained important in 2016 (70%). The interest for online or e-learning also grew noticeably in 2016 (36%) compared to 2015 (26%).
The JobsCentral Learning Survey 2017 was conducted between November 2016 and January 2017, among respondents aged 16 years and above. For more details on the survey or to find out more about CareerBuilder Singapore, visit www.careerbuilder.com.sg.
Infographics: (Image Credits: Career Builder Singapore)
Reasons not to further Education: https://www.dropbox.com/s/r8i7s4dhdnedwqu/Reasons%20not%20to%20further%20education%20-%20Jobscentral%20survey%202017.jpg?dl=0
Top 5 Reasons to Further Education: https://www.dropbox.com/s/x8ly58ooi29xvzf/Top%205%20Reasons%20to%20Further%20Education%20-%20Jobscentral%20survey%202017.jpg?dl=0
Funding Options that Participants were aware of:https://www.dropbox.com/s/h4m2vnu7scpjjww/Funding%20Options%20that%20you%20are%20aware%20of%20-%20Jobscentral%20survey%202017.jpg?dl=0
Preferred Qualification Levels:https://www.dropbox.com/s/ez4j4ht62k77g1n/Preferred%20Qualification%20Level%20-%20Jobscentral%20survey%202017.jpg?dl=0
Preferred Type of Education Certification:https://www.dropbox.com/s/wh5x1g1kj738ewk/Preferred%20type%20of%20Education%20Certification%20-%20Jobscentral%20survey%202017.jpg?dl=0
Top 5 Factors when Deciding on Education Institution:https://www.dropbox.com/s/xah2nwrbefagh2s/Top%205%20factors%20when%20deciding%20on%20education%20institution%20-%20Jobscentral%20survey%202017.jpg?dl=0
About CareerBuilder Singapore
CareerBuilder Singapore is part of the CareerBuilder family - a US recruitment giant and a global leader in the human capital solutions. Today, CareerBuilder has a global presence in more than 60 markets and over 2,800 employees worldwide.
CareerBuilder Singapore has a team of more than 80 well-trained professionals. Our expertise is in working with top employers across industries to help them with their recruitment process - from acquiring to hiring. Coupled with our global resources and expertise in the Southeast Asian talent recruitment arena, it helps us stay ahead of the industry curve.
CareerBuilder Singapore seeks to provide our clients with an end-to-end delivery. Our expertise and experiences include (but are not limited to):
Innovative ready-solutions that can be fully customised to your unique business needs
Client management and fulfilment