The level of unemployment is increasing by the day and this is due to the increase in the number of people applying for jobs and a drastic drop in the number of jobs in the market. Every government is battling with unemployment index because unemployment among the populace leads to a proliferation of crime and other nefarious activities.
To understand the level of unemployment and its impacts on people around the world, you can visit reviewsbird.co.uk. As many governments globally claim to toughen the fight against unemployment, here are some of the strategies that can be employed towards reducing the number of unemployed people roaming the streets.
Increase the supply of skilled labour
The supply of skilled labour has to increase to be commensurate with the number of people leaving tertiary institutions of learning. The availability of highly skilled workers will enable companies to complement the hiring of skilled and unskilled labour.
Addressing macro-economic challenges
With many investors pulling out of even the most stable of economies, the level of investment in many countries have dwindled, and this is not good for the overall economic productivity of any country. The influx of telecom network companies into the country should be encouraged as this would help increase the number of people who are gainfully employed in the country. So, the right incentive that suits the investment should be made available by the government.
Boosting human capital
There is a certain job description that cannot be carried out by unskilled labour but requires highly technical professionals. The government should encourage training and education as a long-run strategy to make the workforce more employable and to improve the level of labour productivity.
Assistance to self-employed people
One major vehicle for advancing the economy is small and medium scale enterprises. The government should further encourage small business owners by providing them with grants and incentives and also formulating conducive policies that would help them thrive and do well.
Any country that depends heavily on import would not provide enough jobs for her citizens. The government and the private sector have to increase the level of production in key sectors such as agriculture and the industrial sector. Development of small industrial companies should be encouraged and the level of importation into the country should be regulated so small businesses can thrive.
Decentralisation of industrial activities
When all the industrial activities are situated in one large city, this would imply that there would not be enough employment opportunities in areas with less industrial activities. So, the government should adopt policies which encourage decentralization of industrial activities.
The growth of the population should be checked and strictly regulated to solve unemployment. Programmes like family planning should be adopted and implemented to control the growth of the population as this affects the number of jobs available.
Change in the education system
The education system has a role to play in the number of people that can get jobs. Priority and emphasis should be given to vocational training programmes and institutions as industrial activities can only be carried out by skilled professionals.
To cut down on the unemployment rate, all hands must be on deck from government and private individuals alike.