BFA Global’s Post

Job creation is a systemic issue that needs to be addressed using a systems change lens. Learn how Wasafiri working with Jobtech Alliance are working to understand these complexities within the job market.

Stories of system change in action: Across Africa, 10 million people enter the work force EACH YEAR. Where are the jobs going to come from? This is one of the big systemic challenges facing the Continent. The Jobtech Alliance is part of a movement stimulating a tech revolution in job creation. As an Alliance they are working to change incentives, enable better collaboration, create new stories, harness collective intelligence- basically change the system- that will enable tech to play a role in creating more and better quality jobs. And we, led by Scott Hinkle and Lizzy Whitehead have been working with them. If you are interested in jobs, tech or just getting practical with system change then the blog is a good read zfrac zfra Adriana Keating Liz Wilson

Very insightful newsletter to give some prospective on the Recruitment market, Skills shortages and how SA compares to the rest of the world. #HR #HRBP #CHRO #Recruitment #Skillsshortage #newsletter #SArecruitment #employment #unemployment #talentmanagement

The current employment landscape in South Africa reflects a mix of challenges and opportunities. While the country has made strides in areas such as job creation and economic growth, significant disparities still exist, particularly in terms of unemployment rates, skills shortages, and income inequality. Here are some observations about the current employment situation in South Africa and recommendations for improvement: 1.Unemployment Rates: South Africa faces persistently high unemployment rates, especially among young people and those with limited formal education. To address this, targeted programs focused on skills development, vocational training, and entrepreneurship support can create more employment opportunities. 2.Skills Development: There is a need for ongoing investment in skills development initiatives that align with industry demands. Collaboration between government, educational institutions, and private sector stakeholders can help bridge the skills gap and enhance employability. 3.Inclusive Growth: Promoting inclusive growth is essential for reducing income inequality and enhancing economic opportunities for marginalized communities. Policies that support small and medium enterprises (SMEs), promote access to finance, and foster entrepreneurship among historically disadvantaged groups can contribute to more inclusive employment outcomes. 4.Digital Transformation: Embracing digital transformation and leveraging technology can unlock new avenues for job creation and innovation. Encouraging digital skills training, supporting digital entrepreneurship, and investing in digital infrastructure can stimulate employment in emerging sectors such as digital services, e-commerce, and tech startups. 6.Labour Market Flexibility: Balancing labour market flexibility with worker protections is crucial for creating a conducive environment for job growth. Reforms that promote fair labour practices, encourage investment, and enhance business competitiveness can lead to sustainable employment generation. 7.Social Dialogue: Foster constructive social dialogue and partnerships between government, labour unions, employers, and civil society to address employment challenges collectively. Engaging stakeholders in policy discussions and decision-making processes can lead to more effective and inclusive employment policies. By addressing these areas and implementing targeted interventions, South Africa can work towards a more resilient, inclusive, and dynamic employment ecosystem that benefits all segments of society. What is your take?

An estimated 23.6 million young Africans are unemployed. With this number projected to grow to 27 million by 2030, the need for jobs is critical. But the key to good job creation policies is reliable data. The World Data Lab and the Mastercard Foundation have launched the Africa Youth Employment Clock – a tool to monitor youth job growth and forecast youth employment trends until 2030. (Link to tool in comments) #YouthUnemployment #Africa #SDG

The formal sector creates only one job per four young people entering the workforce, leaving an overwhelming portion of the population scrambling to find work. In most African countries, the unemployment rate for youths is double than that of adults, while 60% of Africa's unemployed are youths.It is no surprise that both economists and policymakers find Africa’s rapidly growing employment gap an emotionally charged impasse. The issue is further aggravated by a rapidly growing youth population, for whom the lack of formal jobs forces them to engage in the informal sector characterized by uncertainty, lack of social safety nets and massive inefficiencies in terms of productivity and income growth. #YouthEmployment #EmploymentGap #JobCreation #PolicyConcern

With a few laptops, a solid training curriculum, and experienced trainers, we could transform the lives of hundreds or thousands of young people through GiG economy. We had planned to do this in the refugee camps, but now we hope to extend this opportunity to the Sudanese youth as well. We want to help them earn income and support their families, as well as develop their skills and make useful connections. This could also open the doors for scholarships and education opportunities, and help them recover from the devastating war that has shattered their future. The GiG economy is a term that refers to the use of digital platforms to connect workers and clients for short-term or temporary tasks. The gig economy can offer flexible and diverse opportunities for workers, especially for refugees and host communities who face barriers to formal employment. However, the gig economy also poses challenges, such as lack of social protection, decent work standards, and legal recognition. Therefore, it is important to promote, include, and protect the rights and interests of the gig workers, and to ensure that they have access to quality training, mentoring, and support services.

The global demand for skilled South Africans is surging as countries like Canada, Germany, the UK, and the UAE seek to fill critical skills gaps. Young South Africans are seizing these opportunities, driven by the promise of better job prospects and living standards. According to a survey by the Inclusive Society Institute (ISI): - 23.18% cited better job opportunities as a reason for emigration. - 9.79% sought overall better opportunities. - 9.69% aimed for a better standard of living. With South Africa’s economy stagnating, high unemployment, and political uncertainty, it's no surprise that young professionals are the most mobile, with 79.5% willing to move abroad for work. This figure rises to 84% for young South Africans, far exceeding the global average. Germany projects a shortage of 7 million skilled workers by 2035, creating immense opportunities for South African STEM specialists. Canada also demands healthcare and IT professionals, with salaries reaching up to R2.3 million for Data Scientists in Germany. The allure of competitive tax regimes, recognized qualifications, and better pay is hard to resist. These trends highlight the urgent need for South Africa to address its economic challenges and create opportunities at home. Read the full article by Malcolm John Libera on BusinessTech: These countries are poaching South Africans for jobs – paying up to R2.3 million - https://lnkd.in/deAQEsXw

Taskstac: Creating Employment Prospects and Addressing Unemployment Issues In Africa. Unemployment is one of the leading global challenges still affecting millions around the world in various countries. The situation is worse in Africa with about 33.3% of the continent’s youth yet to secure a job (African Development Bank 2020). To alleviate this concern, Taskstac - a revolutionary panacea is stepping in as an online platform, where job seekers and service providers can engage with users in need of services. Taskstac has a user-friendly interface that makes it easy for job seekers and service providers to create profiles, highlighting their skills and experience. This makes them more visible to employers and cuts down their job search time. A typical job search lasts for about 5-6 months. Taskstac is reducing that timeframe to minutes. Taskstac offers part-time or remote work arrangements to accommodate individuals in need of additional income. It deals with the problem of voluntary unemployment, where workers opt out due to rigid work hours. According to reported Gallup poll results, 43% of employed adults in the United States work remotely at least part time. TaskStac is bringing this flexibility to the African market. Job creators can solve unemployment problems by leveraging on Taskstac. Taskstac is aiming to heal pains across several important points, with underlining specific discrepancies within jobs, by connecting job seekers and service providers to employers. This contributes towards enabling new jobs and repeat ones as well, which is one of a crucial aspect of economic scale. The platform's resources and networking opportunities supports entrepreneurs in creating jobs and stimulating innovation. Taskstac is a hub where employers committed to hiring the most suitable candidates are found. Taskstac also promotes equal opportunities, encouraging employers to hire based on merit, regardless of gender, age, or background, therefore democratising access to easy, quicker and cheaper service provider – User engagement opportunities. Taskstac is a groundbreaking online marketplace with a novel concept in Africa that tackles unemployment, by focusing on availability, ability, and willingness to work. By providing a user-friendly job search experience, skill development resources, and flexible work arrangements, TaskStac is poised to make a significant impact in the employment space. As the African continent continues to grapple with the agelong unemployment palaver, more innovative solutions by Taskstac will be created for a brighter future for millions of job seekers and as a soothing relief for users in Nigeria and the entire continent of Africa. visit the site here www.Tasktac.com #employment #business #money #entrepreneur #solopreneur #sme #smallbusiness #trade #skill #work #job #businessideas #platform #marketplace

Are UN Salaries for P1 to P7 Levels Overhyped? 💼 Debunking the Myth: Are UN Salaries Overhyped? 🌍 The United Nations, renowned for its global impact and prestigious roles, often faces scrutiny regarding the salaries of its professional staff, ranging from P1 to P7 levels. But are these salaries truly overhyped? Let's dive into the reality behind the numbers. 🔍 The Breakdown: Competitive but Contextual: UN salaries are competitive compared to many international organizations. However, they must be contextualized within the high cost of living in duty stations like New York, Geneva, and Nairobi. Comprehensive Compensation: Beyond the base salary, UN staff enjoy benefits including housing allowances, education grants, and healthcare. This holistic compensation package aims to attract top talent globally. Career Growth & Experience: Working at the UN offers unparalleled exposure to international diplomacy, development, and humanitarian work. The experience gained is invaluable and often justifies the compensation. Security & Stability: The UN provides job security and stability, with robust retirement plans and job continuity even in volatile regions, offering peace of mind that many private sector jobs can't match. Mission-Driven Motivation: For many, the intrinsic value of contributing to global peace, development, and human rights outweighs monetary compensation. The impact of their work provides a sense of purpose and fulfilment. 🌟 Conclusion: While UN salaries may seem high at a glance, they reflect the high cost of living in major duty stations, comprehensive benefits, and the unique experiences offered. The value of a UN career transcends mere numbers, embracing a broader mission for global good. 👉 Interested in a UN Career? At The Winning Edge, we specialize in guiding aspiring professionals through the competitive UN recruitment process. Let's embark on this impactful journey together! WhatsApp #UN to 7300801265 #UNCareers #GlobalImpact #SalaryInsights #TheWinningEdge #CareerGuidance #InternationalDevelopment #UNJobs #ProfessionalGrowth