Unemployment Today

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Increasing unemployment in India is creating serious threats to social equanimity, if this is not already been disrupted. With reports of Indians featuring on the list of richest men in the world, coupled with the fact that the rich are getting richer and poor are turning poorer in our country, the divide between the haves and the have-nots emerges as a critical social issue. It is time to be wary of fallouts of social disparity and look for ways to create employment opportunities.

Unemployment records in India are kept by Ministry of Labour and Employment of India. Even the UN keeps tabs on this issue and as per the UN Labour Report unemployment is projected to witness marginal increase between 2017 and 2018 signaling stagnation in job creation in India. The United Nations International Labour Organisation released its 2017 World Employment and Social Outlook report early this year. It projects economic growth trends lagging behind employment needs. It also predicts rising unemployment and worsening social inequality throughout 2017.

In the present socio-economic scenario in our country it appears difficult to expect that employment options for the needy will pick up pace, anytime soon – either in what is left of the year or even in coming 2018. As job scarcity rises, what it really represents is a sad stagnation in percentage of people unable to remain gainfully employed. According to the UN report: “Unemployment in India is projected to increase from 17.7 million last year to 17.8 million in 2017 and 18 million next year. In percentage terms, unemployment rate will remain at 3.4 per cent in 2017-18”.

This is a dismal forecast, that in the same report makes projections stating that global unemployment levels and rates were expected to remain high in the short term! So even as the global labour force continues to grow, unemployment for our country shows that more unemployed people will be facing challenges to make a living. This will significantly affect inequality in incomes and wealth creation, thereby creating further disparities.

As we well know that the employment structure of an economy is the normal instrument that may cause changes in inequality, often for the worse. Since the government functions within its administrative and fiscal constraints, targeted programmes for employment generation only marginally impact income redistribution. Income flow on a larger scale can be influenced only when assets are made available along with promotion of new modes of employment opportunities.

In India, unemployed persons are individuals who are without income generating activities and who actively attempt to being gainfully employed. According to the India Skills Report launched in the 3rd CII National Conference on Skill Development only about 3.4% were found employable out of about 1, 00,000 candidates! This report not only captured the real skill levels of the talent pool that was created but also laid out the hiring estimates across major Industry sectors in the country.

It is clear that skills development is an area requiring urgent attention. A general trend seen to be readily acceptable by employers today is that they look for skills rather than qualifications, broadly speaking. Even so, despite having several sectors available – BFSI, BPO/ITES, manufacturing and so on, these do not bring on the expected changes in hiring patterns. Engineering, Hospitality and Travel have emerged as sectors with probable increase in the hiring numbers. What is then clear is that we need to develop a skilled employable pool (based on gender, age-group, identified domain, and so on) to facilitate entry as per industry needs.

HERD Foundation runs projects that help to homogenize society and that builds awareness on the need for economic well-being. Our development plans take on interventions that widen the scope for the poorest and marginalized people. We know for sure that skills development will be conducive for their betterment, besides creating a cadre of skilled workers. We are very keen to transform the existing unemployment scenario by provide employment-oriented education. The development of manpower for employment opportunities is a strategic necessity for accelerating economic growth. We are open to partnerships in this area, and seek hand-holding and support for such initiatives.

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Employment Opportunities for Our Youth

Despite the brouhaha about ‘acche din’ or good days as they say, it remains a hard fact that the youth of our country continue to confront challenges for getting suitable job placements after graduating from their studies. Creating a platform for availability of jobs that suits the employer base and that readily absorbs a growing number of young people entering the work force, is now part of HERD Foundations inherent activities. The Employment Fair is a regular feature, adding value to our education component.

We start off each year to understand and estimate availability of productive jobs in our vicinity. Alongside we explore the spectrum of disciplines that will respond to such openings. With final year students ready to walk out of portals of educational institutions in March each year, such an enterprise becomes all the more meaningful. With due preparation we remain focused on the employment scenario in formal/informal, private/public and urban/rural sectors for jobs that become source of income for the needy.

The Foundation pays special attention to low income families comprising majority of the population. We see good impact of efforts in the employment sector to positively influence growth and expansion of opportunities for more applicants who are able to secure suitable and better paying jobs. This then becomes a reason for much satisfaction and one that complements our work on poverty mitigation. We encourage young people to open up to ever widening choices. In a region beset with challenges for employment, the youth are actually provided due hand-holding and support to seek every possibility.

Vidarbha has not escaped the youth employment crisis and in fact in rural areas the situation is really quite grim. Unemployment rate for young male graduates in rural region is particularly high. The whole point of provision of education here appears to be in a morass if employment avenues are not in sight. In fact we are keen to start vocational education in these parts so that we can then offer them increased chances to find jobs as also to facilitate self-employment. This will be beneficial in the long-term too.

As an advocate for youth HERD Foundation is attempting to ensure that candidates commit themselves completely to this endeavor. We make certain that they make full use of the opportunity to participate effectively in their own best interests. We address the match between prospective companies and qualified students that opens up ways to reduce long-term youth unemployment. The attempt is also to train candidates to become fully equipped in following through with the demands of employers. For this we organize measures like extended training programmes to enable better access to jobs.

Employment Opportunities for Youth

Employment Opportunities for Youth