thesis( Determinants of the employability of financial graduates.pptx

Determinants of the employability of financial graduates

1. DETERMINANTS OF THE EMPLOYABILITY OF SMU FINANCIAL MANAGEMENT GRADUATES AS PERCEIVED BY PROSPECT EMPLOYERS Presented By: Norissa P. Dimmuyog Glendalyn A. Estalilla Aizel Mae O. Pan- oy Westley B. Abluyen Abraham G. Guimary

2. Everyone has distinct knowledge, skills, and competencies , but not all people can manage to handle and acquire these knowledge, skills, and competencies for all of the jobs available. To have a long term permanent job is to find an appropriate job that best suits one’s knowledge, skills, and competencies. Nowadays, many people are looking for jobs but stay jobless because of lack of knowledge, skills, and expertise that will land them on the jobs they desire. Graduates must develop a set of skills which reflects wider experiences in the institution because skills are essential for employment. Skills refer to the capabilities, competencies or attributes of an individual. Skills are developed when they are integrated across the curriculum and exercised through trainings. Graduate’s employability is often understood as being the same as graduate’s establishment in the employment market after graduation (EUROSTAT, 2009). INTRODUCTION

3. Employability is not the same as gaining a job, rather it implies the capacity of the graduate to function in a job and be able to move between jobs, thus, remaining employed throughout their life. According to H arvey (2004), employability is not a set of skills but a range of experiences and attributes developed through higher-level learning; thus, employability is not a product but a process of learning. It continues to develop because the graduate, once employed, does not stop learning. INTRODUCTION

4. The areas in Bachelor of Science in Business Administration (BSBA) major in Financial Management (FM) have enumerated some of the skills, knowledge, and values that FM students should possess. Conducting surveys regarding the perceptions of employers concerning the knowledge, skills, personal values, trainings/seminars and workshops may help undergraduates/new graduates to be employed. And assessing whether such perceptions are influenced by the Higher Education Institutions’ (HEI’s) strategies, whether formal or informal are needed to provide more activities and learning opportunities to students to enhance their employability skills. INTRODUCTION

5. This study was conducted to determine the skills , knowledge , personal values , trainings, seminars , and workshops that are needed by the Business Administration major in Financial Management graduates. Statement of the Problem

6. 1 . What is the profile of the respondents in terms of: a . Sector of the Company b . Nature of the Company Statement of the Problem

7. Profile Variable Sector of the Company Nature of the Company Frequency Percent Government Government Institution 11 18.03 Government Government Bank 6 9.84 Private Rural Bank 8 13.11 Private Cooperative 11 18.03 Private Thrift Bank 11 18.03 Private Private Bank 14 22.95 Total 61 100 Government 17 27.87 Private 44 72.13 Total 61 100

8. 2 . What are the determinants of the employability based on the CMO that are important to the Saint Mary’s University Financial Management graduates when grouped according to their: a. Knowledge b. Skills c. Personal Values d. Trainings, seminars, and workshops Assessment of the Respondents on the Determinants of the employability that are Important to the SMU Financial Management Graduates

9. Assessment of the Respondents on the Determinants of the employability that are Important to the SMU Financial Management Graduates KNOWLEDGE Mean Mdn SD QD Rank 1. Knowledge on how to interact with customers 3.93 4.00 0.37 MI 1 2. Knowledge about companies’ goals and objectives 3.82 4.00 0.39 MI 2 3. Knowledge on laws and regulations of the company and organizations 3.75 4.00 0.62 MI 3 4. Knowledge about communication protocols of the organization 3.64 4.00 0.52 MI 4.5 5. Knowledge on Public Safety and Security 3.64 4.00 0.55 MI 4.5 6. Clerical system knowledge 3.43 4.00 0.67 MI 6 7. Knowledge about the terms and theories of banking and financing 3.33 4.00 0.96 MI 7 8. Accounting knowledge 3.43 3.00 0.56 I 8 9. Knowledge on the English Language 3.33 3.00 0.51 I 9 10. Knowledge about company’s founder and history 3.18 3.00 0.99 I 10 Legend: MI- most important LI- least important I-important NI- not important

10. Assessment of the Respondents on the Determinants of the employability that are Important to the SMU Financial Management Graduates Legend: MI- most important LI- least important I-important NI- not important SKILLS Mean Mdn SD QD Rank 1.Ability to show sincere interest in assisting other employees and clients 3.84 4.00 0.37 MI 1 2. Perform quality work 3.82 4.00 0.41 MI 2 3.Ability to manage time effectively and productively 3.79 4.00 0.41 MI 3.5 4. Ability to establish and maintain friendly work climate 3.79 4.00 0.41 MI 3.5 5.Ability to complete a certain task without other’s help 3.69 4.00 0.56 MI 5 6.Ability to work collaboratively with a group of people in order to achieve a goal 3.66 4.00 0.48 MI 6 7.Demonstrate analytical skills, including the exercise of critical and reflective judgments 3.62 4.00 0.49 MI 7 8. Ability to lead and motivate his/her colleagues 3.59 4.00 0.50 MI 8.5 9. Ability to set realistic objective 3.59 4.00 0.50 MI 8.5 10. Ability to assess a company’s financial stability 4.00 4.00 0.67 MI 10 11.Ability to work independently and have his/her own decision 3.52 4.00 0.54 MI 11 12. Ability to analyze and understand financial statements 3.41 4.00 0.74 MI 12 13. Ability to be creative and innovative 3.46 3.00 0.50 I 13.5 14. Ability to appreciate and respond to change 3.46 3.00 0.50 I 13.5 15. Ability to express ideas and opinions clearly in both oral and written. 3.43 3.00 0.74 I 15 16.Ability to manipulate a computer and its programs 3.28 3.00 0.78 I 16

11. Assessment of the Respondents on the Determinants of the employability that are Important to the SMU Financial Management Graduates Legend: MI- most important LI- least important I-important NI- not important PERSONAL VALUES Mean Mdn SD QD Rank 1.Honesty 4.00 4.00 0.00 MI 1 2.Respect others 3.89 4.00 0.32 MI 2 3.Display professionalism in transacting business with managers, co-employees and clients 3.87 4.00 0.34 MI 3 4.Willingness to learn new things 3.85 4.00 0.36 MI 4 5.Willingness to dedicate himself/herself for the betterment of the organization 3.84 4.00 0.37 MI 6 6.Appreciates any assignment given to him/her without complaining 3.84 4.00 0.37 MI 6 7.Portrays interest in the job 3.84 4.00 0.37 MI 6 8.Promotes the atmosphere of fairness in the workplace 3.80 4.00 0.40 MI 8 9.Accepts criticisms in a positive way 3.79 4.00 0.41 MI 9.5 10.Display the value of cooperation among the group 3.79 4.00 0.41 MI 9.5

12. Assessment of the Respondents on the Determinants of the employability that are Important to the SMU Financial Management Graduates Legend: MI- most important LI- least important I-important NI- not important 11.Portrays a good self-image 3.77 4.00 0.42 MI 11.5 12.Portrays the value of being self-motivated 3.77 4.00 0.42 MI 11.5 13.Encourages colleagues to display spirit of accountability 3.75 4.00 0.43 MI 13.5 14.Being cautious in every action that he/she takes 3.75 4.00 0.43 MI 13.5 15.Understands the principles of good interpersonal relations 3.72 4.00 0.45 MI 15 16.Portrays the value of being optimistic in every decision 3.70 4.00 0.46 MI 17 17.Open to accept other people’s ideas 3.70 4.00 0.46 MI 17 18.Demonstrates leadership qualities 3.70 4.00 0.46 MI 17 19.Does not tolerate discrimination 3.59 4.00 0.62 MI 19 20.Humility 3.39 4.00 0.25 MI 20

13. 3. What are the common problems and difficulties encountered by Saint Mary’s University Financial Management graduates as perceived by prospect employers? Assessment of the Respondents on the Determinants of the employability that are Important to the SMU Financial Management Graduates

14. Assessment of the Respondents on the Determinants of the employability that are Important to the SMU Financial Management Graduates Legend: P- problem MP- might be a problem SP-slightly a problem NP- not a problem PROBLEMS & DIFFICULTIES   Mean   Mdn   SD   QD   Rank Need to attend In % NO YES 1.Dealing with customers 3.62 4 0.61 P 1 29.50 70.50 2.Self-confidence 3.54 4 0.621 P 2 47.50 52.50 3.Attitudes 3.52 4 0.673 P 3 45.90 54.10 4.Computer skills 3.43 4 0.618 P 4 52.50 47.50 5.Exposure to new technologies 3.36 4 0.606 P 5 37.70 62.30 6.Adjusting to workplace 3.33 4 0.651 P 6 62.30 37.70 7.Understanding companies’ policies, rules and regulations 3.57 3 0.618 SP 7 24.60 75.40 8.Dealing with business transactions 3.56 3 0.671 SP 8 37.70 62.30 9.Communication skills 3.51 3 0.622 SP 9 27.90 72.10 10.Adjusting to job shifting 3.43 3 0.618 SP 10 60.70 39.30 11.Handling tools, facilities and equipment 3.33 3 0.854 SP 11 62.30 37.70 12.Adjusting to diverse culture/cultural differences among colleagues 3.25 3 0.567 SP 12 57.40 42.60 13.Workplace experience 3.11 3 0.635 SP 13 75.40 24.60

15. Assessment of the Respondents on the Determinants of the employability that are Important to the SMU Financial Management Graduates Legend: MI- most important LI- least important I-important NI- not important TRAININGS, SEMINARS AND WORKSHOPS Mean Mdn SD QD Rank 1. Communication skills training 3.67 4.00 0.47 MI 1 2. Team building skills training 3.56 4.00 0.59 MI 2 3. Stress management training 3.54 4.00 0.59 MI 3.5 4. Computer skills training 3.54 4.00 0.59 MI 3.5 5. Management and Leadership training 3.52 4.00 0.62 MI 5 6. Technology awareness 3.44 3.00 0.59 I 6 7. Workplace wellness 3.39 3.00 0.59 I 7 8. Anti-Harassment training 3.36 3.00 0.71 I 8 9. Conflict management training 3.26 3.00 0.66 I 9

16. 4. What are the recommendations towards better employability of the students of Bachelor of Science in Business Administration major in Financial Management? Assessment of the Respondents on the Determinants of the employability that are Important to the SMU Financial Management Graduates

17. Recommendations/Suggestions Career Eligibility Civil service eligibility must be possessed by every aspiring applicant Excellent grades, trainings, and seminars. Personal Values Be confident and true to yourself Perseverance, loyalty and honesty Be positive and set goals to achieve Know how to deal with clients and co-employees through positive attitudes in order to achieve goals Should have a well-rounded personality and could adjust to work pressures and should not be afraid of challenges. Attitudes in the Workplace Learn the basic things and used these practices in the future Must be willing to perform other's tasks that may be required from time to time Applicant must have the willingness to the company‘s policy in employment Students should be knowledgeable in areas of responsibility and should not be afraid to challenges and be open for learning. You should consider working environment. Graduates Initiative Employers prefer applicants who are fresh graduates

18. In knowing the profile of respondents , frequency distribution was used. The researchers used mean , median and standard deviation to describe the level of importance of the determinants of employability of Saint Mary’s University Financial Management Graduates in terms of knowledge , skills , abilities , training/seminars and workshops . In identifying the level of importance on the determinants for employability of the Financial Management Graduates, the mean and standard deviation were used . Treatment of Data SCALE MEAN RANGE QUALITATIVE DESRCIPTION 4 3.50-4 Most Important 3 2.50-3.49 Important 2 1.50-2.49 Least Important 1 1.0-1.49 Not Important

19. To determine the problems and difficulties of the Financial Management Graduates on the extent of agreement of the OJT supervisors and staff, the mean range and standard deviation were used . Treatment of Data SCALE MEAN RANGE SCALE QUALITATIVE DESRCIPTION 4 3.50-4 Strongly Agree Problem 3 2.50-3.49 Agree Slight a Problem 2 1.50-2.49 Disagree Might be a Problem 1 1.0-1.49 Strongly Disagree Not a Problem

20. Majority of the respondents are from private sectors (n=44 or 72 %). All personal values are considered most important values that Financial Management students should have. The most important of the trainings/seminars and workshops are communication skills training , team building skills training , stress management training and computer skills training , management & leadership training . The problem and difficulties encountered by SMU financial management graduates as perceived by prospect employers are dealing with customers , self-confidence, attitudes , and exposure to new technologies and they need to attend trainings. Computer skills and adjusting to workplace are also a problem but there is no need to attend training. Conclusion

21. Saint Mary’s University Administration 1. The administration should make sure that Financial Management graduates are equipped with essential qualifications of the labor market as well as in the business realm. 2. The administration should conduct more trainings and seminars that improve experiences, skills, qualities and understanding to prepare their graduates to become more expert in the business world. 3. The administration should propose specific subjects that are appropriate in the current jobs in the business world especially in the skills of communication, critical thinking, and problem solving. 4. The administration should concern itself about their graduate’s employment in the future by helping them find a job or the so called education to employment system to ensure that their graduates applied their learning from the university. Or at least, they must be aware of the most current job opportunities for their graduates especially Financial Management graduates so that it would be easy for the graduates to find a job. Recommendations

22. Alumni Affairs Office 1. This will aid as a basis if the institution has accomplished their goals and objectives in ensuring students the best job that is commensurate to the tuition fees they spent on their schooling. Instructors 1. Instructors of subjects should implement teaching strategies that enhance skills and abilities that are needed for employability specially in oral and writing through introducing variety of programs and activities. Furthermore, they should be more focused on trainings and seminars that improve the communication skills. 2. Instructors of subjects related to personality development for public relations should provide students opportunity to develop their confidence in expressing themselves. 3. Instructors of subjects regarding values and attitudes, ethics, and adjustment to workplace should correct students’ values, attitudes, and behavior inside the workplace. 4. Instructors of computer subjects should provide more training skills and activities to students especially the basic computer skills. Recommendations

23. Future Researchers 1. This study will foster future researchers to expand their study concerning the determinants of the employability of Saint Mary’s University major in Financial Management graduates to meet the demand of the labor market and to promote best learning activities. 2. It can also be considered as a reference for the employability of the graduates’ competencies such as skills, knowledge, personal values, trainings/seminars & workshops . Recommendations

24. Thank you!!! THE END!