>> ASIAONE / BUSINESS / OFFICE / ASK / STORY
Debbie Yong
Wed, Mar 12, 2008
my paper
How to make bonds palatable

A WHINY brat.

That's what I dread sounding like each time I complain about being indentured by my six-year scholarship bond.

A free (not to mention expensive and elite) education, coupled with job security in an established corporation that would pay me for the next six years?

To my American university friends who were camping out beside their telephones for calls from prospective employers last year, it sounded like a god-sent scheme and I, an ungrateful recipient.

(There's even an application on Facebook which tracks the number of days one has left to serve out.)

But I saw it the other way: While they sought roles in multinational companies, apartment-hunted in exciting cities or planned gap years backpacking across third world countries, I could only wonder how differently things could have turned out for me.

Almost a year later though, I now question if it is the idea of being bonded that burdens more than the bond itself.

As the recent talk of Singapore's braindrain recasts the spotlight on scholarships, and as a cohort of fresh junior college graduates ponder the choice to sign away 10 years of their lives in the upcoming weeks, I wonder if more tweaks should be introduced to make scholarships more palatable.

I cheered Nominated MP Loo Choon Yong's suggestion in Parliament last week to cut the length of scholarship bonds to three years and allow government scholars to serve in the private sector.

Dr Loo also suggested tax rebates for the overseas university fees paid by parents whose children return to Singapore after studying abroad - a well-intentioned suggestion, though I foresee many would be upset over giving money to those who hardly need it.

The alternative, perhaps, could be to increase the prestige of scholarships to entice the rich - and more importantly, the willing among them - to sign up. On top of that, returning scholars could be channelled to positions where they would have more global opportunities to use the cross-cultural skills and foreign languages they have picked up in their time abroad.

I understand, though, that some employers may have their hands tied.

Fast-track scholarship-holders and employees not on scholarships may turn envious or lose the motivation to work hard.

Perhaps companies should then consider upping the number of mid-career postgraduate scholarships given out. This way, companies can dangle it as an extra incentive for current employees, and still nurture an Ivy League-educated workforce while avoiding the error of investing in people who are exam-smart but flops on the job.

Alternatively, allow scholars to take longer gap periods before returning home to work.

The Media Development Authority has a Media Education Scheme under which recipients must work in media-related companies for two years, though they can do so any time over a five-year period after graduation. More of such flexible schemes should be introduced.

After all, most of my friends who have been based overseas for two years or more are now are looking forward to returning home and settling down.

The impulse to live outside your comfort zone is perhaps for most a youth-driven one that will diminish with age.

And we all know, the more you clamp down on youth, the more they will want to rebel.


Is this article useful to you?
 

 
STORY INDEX
 
  How to make bonds palatable
   
 
  Executive compensation: time to slay the sacred cow
   
 
  Office aircon need not be so cold
   
 
  Keep it straight, stupid
   
 
  It's all about me, me, me
   
 
  Getting executive compensation right
   
 
  Dad, I want to be a bodyguard
   
 
  Eating right in childhood improves adult wages
   
 
  Generation Y: Tech-savvy grads with pushy parents
   
 
  Sugar dudes
   
>> RELATED STORY
Meet the Human Pacman
How to make bonds palatable
Executive compensation: time to slay the sacred cow
Office aircon need not be so cold
They share a burning passion

Elsewhere in AsiaOne...

News: More financial aid and top-ups for students at all levels

Digital: Technology in Education

Just Women: Do you know your child's tutor may have duped you?

 

We welcome contributions, comments and tips.
a1admin@sph.com.sg
Search: