Small firms fail to attract graduates
Print Edition
MORE than 62 percent of local graduates had either signed employment contracts, or were going abroad for study or work, education authorities said yesterday.
The number was down slightly from the same period last year.
There are about 177,000 students graduating this year — roughly the same as last year, according to the Shanghai Education Commission. The lower employment rate did not surprise education officials as over 60 percent of the 120,602 jobs available for them were offered by small companies.
“Students prefer established companies, such as government-owned enterprises or international businesses,” said Ping Hui, an official with the commission. “They prefer to hold on to the offers given by smaller companies while waiting for the big names to show up before the graduation deadline in July.”
Wang Hongzhi, a postgraduate student of Shanghai University of International Business and Economics, said she had an offer from a company, which was established to provide health advice, studies and tourist information to senior people. But she told Shanghai Daily that she had not yet made up her mind to take the job.
“During my internship with them, I found it was easy to connect with colleagues ... There were only 29 employees,” Wang said. “But too many of them came and left because the job involved all trivial matters and the company lacked the ambition of big enterprises.”
Si Xiaoting shared similar views. A postgraduate of Fudan University, Si had several offers but she took up a job with a bank, a popular choice of graduates. “I believe the choice makes sense rather than betting on an unknown future with a new and small company,” Si said.
The commission expects a jump in the employment rate between June end and July. Officials said small companies will offer the majority of the jobs in the following years and the students should adjust their views accordingly.
Meanwhile, with the city encouraging startups, at least 300 college students have confirmed that they will be starting their own businesses.
The commission said they will make sure schools and relevant government departments provide all the assistance and resources to the youngsters to help them with their startups.
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