Ravi Menon: We have to depend on foreigners to fill vacancies for technology jobs
#21
The virus is not solved yet and we are already thinking of importing again. Sometimes we go too fast.
The HSR construction starts at a super-fast speed then abandoned.
The airport whatever shampoo bubble at the airport opens up too fast then abandoned.
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#22
4-5-2021 7:01 PM
sporeguy said:
Then what happened to all the local graduates from our local universities!? Not good enough! I thought we are top in Science and Math in global ranking!

that is the usual bullshit. simply dont know why say the education system is world class. pay so much money to go uni here.

you know how much are the fees for those you study in india, sri lanka. a lot cheaper.
just focus on a narrow area and become expert

dont overstudy with loads of nonsense here. really useless
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#23
We are probably teaching outdated topics or courses in our Uni.


Courses are not up to date.


You can still use your parents’ notes and books if you are studying the same course in the same Uni.
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#24
Mr Ravi Menon -

Three, line your pocket with less money by taking less money from foreign investors. With this, you wouldn't need to create so many jobs and sell our country to foreigners.

You are an economist and you omitted this basic point.

4-5-2021 6:59 PM
forum456 said:
One, we have to continue to depend on foreigners to fill the growing vacancies for technology jobs over the next few years,” he said.

“Two, we need to build a strong local tech talent pipeline — as a collective effort involving individuals, financial institutions, and the Government.”
Just saying...
[+] 1 user Likes toothpick's post
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#25
Dont we feel shameful keep inporting FT. we have no people of our own? who fault.
if you are a country leader and minister u are a let down to your father who fight so hard for singaporean. in the end why we fight for, absolutely nothing. ?
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#26
4-5-2021 7:37 PM
Le- S2 said:
If not enough, then MP Chan should be fired for not setting Secondary, Poly and Universities into the Future Path.

Actually the model is not led by moe but mti, or edb to be more specific. Edb charts the industrialisation blueprint and aims at attracting industries and companies. In turn, they then plan out what kind of workforce is needed and in preparation for it in time, they will work with moe to ensure the right number goes into the right workforce so it fills the jobs.

But to have 90% mismatch of demand and supply is very serious error. It can't be a case of sudden change in trend that is so drastic. Instead, I deduce it as overly dependent on the foreign labour force. Foreign labor is cheaper than locals due to the CPF and also for work permits it's very helpful due to the collection monthly. For EP and other white collar foreigners, it's useful to have them around to rent private properties and they usually have a lifestyle that supports consumption and other industries such as f&b and global schools etc.
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#27
4-5-2021 11:07 PM
sticw said:
But to have 90% mismatch of demand and supply is very serious error. It can't be a case of sudden change in trend that is so drastic. Instead, I deduce it as overly dependent on the foreign labour force. Foreign labor is cheaper than locals due to the CPF and also for work permits it's very helpful due to the collection monthly. For EP and other white collar foreigners, it's useful to have them around to rent private properties and they usually have a lifestyle that supports consumption and other industries such as f&b and global schools etc.



Also FTrs no need to go in-camp training and away from their job.

Remember “NS for sinkees, jobs for FTrs”?



timeout
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#28
Root cause is lack of accountability -- from large bad investments, insufficient cohorts of suitable talents, shortage of hospitals, flare up of covid due to virus leakage, etc.....the root cause is no one is blame-able, just accept and move on....These ministars why fcuk care do the right things??
4-5-2021 7:59 PM
Ernesto Conejo said:
Its your job give local opportunity to be qualified la. Its time to change your minset too reliant on FT . Ultimately you will cripple our country.Always ask citizen change our attitude . Why cant you change your attitude as well?
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#29
Embarrassed
miss LKY, doubt we will have another leader like him, DARE TO SPEAK , DARE TO OFFEND PEOPLE IF NOT BENEFIT TO SG ETC

UNLIKE LHL JUST FOLLOW , Don't dare to offend people despite knows is selling the country the people, because he don't have plans unlike LKY he got plan of his own
Big Grin
Filipino student shut down and dismissed by Lee Kuan Yew for asking irrelevant question


thumbs up $$$$Happy to be Foreveralone because I'm $Rich$$$$ Embarrassed
Researcher in Social Science + Politics
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#30
4-5-2021 6:59 PM
forum456 said:
[Image: 1018897.jpeg]

https://www.todayonline.com/singapore/65...tech-roles

About half of the new financial sector jobs in Singapore in 2021 will be in technology and consumer banking, MAS managing director Ravi Menon said

More than 90 per cent of new positions in the sector will be permanent, he said

2,500 to 3,500 tech-related jobs will be created in the sector each year

But there are not enough qualified Singaporeans to fill these positions, he said


Financial institutions here are offering about 6,500 newly created jobs in 2021, with more than 90 per cent of them being permanent positions, said Mr Ravi Menon, the managing director of the Monetary Authority of Singapore (MAS).

Half of these jobs would be in technology and consumer banking, he added.

Mr Menon was giving an update on the outlook for the financial services sector during an online seminar organised for the industry on Tuesday (May 4).

He also said that more technology roles are being created, but not enough local graduates have the requisite skills to fill them.

This large mismatch between demand and supply of technology workers means two things. One, we have to continue to depend on foreigners to fill the growing vacancies for technology jobs over the next few years,” he said.


“Two, we need to build a strong local tech talent pipeline — as a collective effort involving individuals, financial institutions, and the Government.”

What do u mean by qualified? There thousands from u , poly,ite...why cannot fill the vacancies?
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