In the Singaporean labour market, unemployment rates can be a helpful indicator of how well the economy is performing. As a small open economy, Singapore’s unemployment rate moves closely with that of the world’s major industrial countries. As such, it is an important indicator of how well or poorly Singapore’s domestic economy is performing and in turn, an indication of whether Singaporeans have jobs to go to. The creation of new jobs in the country will allow for job seekers to find employment and earn wages. This will contribute positively towards economic growth in Singapore as more households will have higher incomes to spend on goods or services produced by other firms.
If you are currently unemployed and desperately searching for a new job, here is some career advice to make a positive career transition.
Equip Yourself with New Skills
The unemployed in Singapore are encountering many problems when it comes to finding suitable jobs. Most of this is due to the gaps in their employment history and the lack of suitable skills for work. With the availability of new skills, the unemployed can be more prepared in their job search. They should take advantage of these skills by learning them while looking for a new job.
Seek Out Mentors For Help
The unemployed are at risk for losing their sense of purpose and their faith in themselves. Mentors and coaches can provide the necessary guidance to help them find their passions, build self-confidence, and develop a plan for the future. The best mentors are those who have experience in your profession or field of interest.
Be Frugal with How you Spend your Money
With the economy continuing to be unstable, many people are unemployed and struggling to find ways to survive. Being unemployed can be difficult in many ways, but it doesn’t mean that you have to start spending money unnecessarily. Start from the small things, such as avoiding expensive restaurants, taking public transport like the bus and train rather than taxi rides and focusing less on buying new but unnecessary items.
Be Open to Receiving Help From Family and Friends
The unemployed should be open to all of the assistance that they can get. They should not be afraid to ask for help from their family or friends. If you are unemployed, you should be open to support from family and friends. They will help you in finding a job by giving feedback on your resumes and cover letters. They will make sure that your LinkedIn is up to date. You should also ask them for references.
Attend job fairs and conferences that are related to your profession or industry
Attending job fairs and conferences is a great way to connect with professionals in the industry. This is a great chance to network with potential employers and talk about your skills. You can ask them questions about their work, learn about what they do and see how you might fit into the company. This is a great way to get your name out there and meet people in the field.
And there you have it, some career advice if you are unemployed and looking for a transition in your career. If you are eager to find out more, please read our article: https://bestdnatest.org/career-advice-for-the-unemployed-in-singapore/.