A new study has named Singapore the top city worldwide for young professionals. (Photo: Bahnfrend, Wikimedia Commons)
Singapore was named the world’s best city for young people, in terms of employment and entrepreneurship opportunities, according to a study conducted by The Economist Intelligence Unit and commissioned by the Citi Foundation, reported The Guardian.
Based on the Accelerating Pathways Youth Economic Strategy (YES) Index 2015, the city-state took the top spot in the rankings, considering factors like employment growth, availability of quality jobs and the ease of starting a new business.
“There does not appear to be any discrimination against young people, and the working environment is safe (in Singapore),” said the report.
The Tripartite Alliance for Fair and Progressive Employment Practices (TAFEP) also works together with employers, unions and the government to create awareness and facilitate the adoption of fair employment practices for all.
“However, the cost of living in Singapore is high, and the youth cited this as a top concern in a 2014 poll conducted in the city (Mass Media Research survey).” Furthermore, over 60 percent of the youth surveyed have considered moving abroad to realise their employment and education objectives.
Meanwhile, Toronto was ranked second in the same category, followed by Hong Kong, Miami, and Chicago. Taipei landed in sixth place, with New York, Beijing, Kuala Lumpur and London trailing behind.
The YES Index assessed the economic environment for the youth in 35 cities across the world by measuring the drivers and enablers that can improve their economic situation. The research was conducted between January 2015 and May 2015.
Read the full report here.
Cheryl Marie Tay, Senior Journalist at PropertyGuru, edited this story. To contact her about this or other stories, email cheryl@propertyguru.com.sg
