More Adult Learners seek Diplomas despite Financial Concerns over the cost of Further Education: JobsCentral Learning Survey 2017
Author(s): Media OutReachSINGAPORE, June 29, 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...
cityairnews
Jun 28, 2017 04:30
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SINGAPORE, June 29, 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.
