Predicament of Youth unemployment:Challenges & Solutions

Youth unemployment is a generation lost. Governments & international organizations should invest in vocational training & vocational education of youth. Corporates should provide internships & part time jobs to the recent graduates during slack employment periods.Governments should focus on the 1-2 years of youth military training.SMEs should be encouraged.

1) Provide Vocational Training

Youth unemployment is a generation lost. For catering the ever increasing population of youth globally ,governments should invest in vocational training & vocational education of youth.Vocational training will enhance the technical skills of youth.Through vocational training young men & women will learn technical & mechanical skill such as repairing automobiles,technicians & maintenance assistants .The skills learned can enable them to get further employment.Through vocation education youth can enter colleges & complete the relevant degree in shorter span of time.

2) Internship /Part time jobs with stipends 

Corporates should analyse the requirements & demand of the employees.They should provide internship & part time jobs to the recent graduates which can be a supplement to the full time labor force on annual leaves,maternity leaves,sick leaves & slack period.Every organization have slack period.During those periods recent graduates can be provided with paid internships & part time jobs .

3) Military training for the unemployed 

Governments should focus on the 1-2 years of non obligatory military training with stipends to the youth so that during unemployment seasons youth can focus sports,vigorous military training rather then engaging in drugs and other illegal activities.

4) SMEs & Subsidized Loans for SMEs 

Governments should encourage SME(Small & medium enterprise) loans to the youth which can enable them to start own small scale business. Through SMEs youth can focus on utilizing the talents through self employments and hire further employees.SMEs are beneficial for the GDP & GNI of the countries as well.Governments should provided subsidized loans to youth for SMEs

5) Investment in Rural Areas

 Governments should increase investment in rural areas where most of unemployment is specially in the South East Asia & Sub Saharan Africa.Women should be empowered.Skilled youth should be sent to the lesser developed regions to educate the deprived generations.

1) Vocational training enables youth to  learn technical & mechanical skill.The skills learned can enable them to get further employment & enroll themselves in further higher education.

2) Corporates should provide internship & part time jobs to the graduates which can be a supplement to the full time labor force during slack periods

3) Small & medium enterprises are beneficial for the GDP & GNI. In Industrialized nations SMEs account for major portion of employment sector

4) Governments should increase investment in rural areas where most of unemployment is specially in the South East Asia & Sub Saharan Africa with alarming illiteracy rates

1) Advantages Youth Vocational training.

As per the research article in European Foundation for the Improvement of Living and Working Conditions'(July 2004) "the Cologne Institute for Business Research (IW) published a study which finds that Germany’s 'dual system' of vocational training has proved to be an effective tool in reducing youth unemployment.

Citation website: https://www.eurofound.europa.eu/

2) Advantages of SMEs(Small & Medium Enterprises

As per the research article in European Commission (Aug,2015) "The EU's 23 million SMEs account for 99% of all businesses and contribute up to 80% of employment in some industrial sectors, such as textiles".

 Citation website https://ec.europa.eu/research/

3) Rural Developments 

Citation website:http://blog.unyanet.org/author...

1) Vocational training enables youth to  learn technical & mechanical skill.The skills learned can enable them to get further employment & higher education.

2) Corporates should analyse the requirements & demand of the employee.Internships & part time jobs to the graduates which can be a supplement to the full time labor force during slack periods

3) Small & medium enterprises are beneficial for the GDP & GNI. In Industrialized nations SMEs account for major portion of employment sector

4) Governments should increase investment in rural areas where most of unemployment is specially in the South East Asia & Sub Saharan Africa 

GDP & GNI measurement. Youth & labor force employment rate (ILO Annual Country Data). - Increasing technically trained & skilled labor force

GDP & GNI. Youth & labor force employment rate in SMEs(ILO Annual Country Data). - Large number of youth & labor force employed in SMEs(Small & medium enterprises).

Annual OECD data & respective countires data(ILO Annual Country Data). - Rural development & empowered women

https://data.oecd.org/unemp/youth-unemployment-rate.htm

https://blog.unyanet.org/author/sohaillone/

https://ec.europa.eu/research/fp7/index_en.cfm?pg=sme

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