Employability Intelligence: Understanding the ‘Employableness’ Model to Future- Proof CET for PMEs
PMEs make up more than half of Singapore's workforce. During the last recession, nearly 10,000 of them were made redundant and labour economists are saying this group may again be affected as the anticipated economic slowdown looms over this region. This revealed unsettling statistics that PMEs were not insulated from such devastating economic onslaughts. In fact, anecdotal evidences indicate that PMEs could actually take longer to regain employment, and under-employment would persist for some time even after the economy recovered. Although the concept of training with incentives was introduced, there is only so much policy can help the PMEs. This has also led some researchers to question whether our education and training strategies have created an over-education but under-employment situation. With even more resources being devoted to CET for PMEs in the coming years, are we able to avoid the phenomenon of over-education-under-employment?
