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President Cyril Ramaphosa's call to eliminate prior work experience requirements for job positions has triggered thoughtful reflections among corporate leaders. By removing or reducing work experience prerequisites, businesses can open doors for fresh graduates, ensuring that a broader spectrum of the youth can access employment opportunities. President Ramaphosa's call reflects a commitment to creating an environment where all South Africans, regardless of their academic journey, can contribute meaningfully to the nation's workforce. Concerns about potential incompetence among less-experienced job seekers and the associated training costs for businesses have surfaced. The debate centers on finding a balance between providing opportunities for inexperienced individuals and addressing the training and investment needs of businesses. Training new hires incurs expenses, and corporate leaders may be evaluating how to strike a harmonious balance between offering opportunities and ensuring the efficiency and productivity of their operations. In navigating this challenge, a collaborative approach could involve the government offering tax incentives to businesses that actively engage in workforce development programs. By incentivizing companies to invest in training and mentorship initiatives, the government can help offset the costs incurred by businesses. This dual approach not only encourages businesses to contribute to reducing unemployment but also ensures that individuals gain the necessary skills and experience to thrive in the job market. It's an opportunity for the public and private sectors to work together in reshaping workforce development strategies and fostering a more inclusive and skilled workforce. https://lnkd.in/eXeCdN-7 Click to read more : https://lnkd.in/e8BDpcnE #SouthAfrica #WorkforceDevelopment #Unemployment #CorporateResponsibility 🤝📊

Skills of the Future - Top Study Fields 🎓 According to the 2023 South African Salary Survey, published by professional recruitment firm Robert Walters, the landscape for professionals has shifted, with both employers and employees looking for different qualities from each other in a post-COVID world. Employers are in need of highly qualified professionals and specialist skills, while employees are looking for a workplace that supplies flexible working hours, good pay and strong company culture. Read the full article from the latest edition here: https://hubs.la/Q02nv9nb0 According to the University Ranking by Academic Performance (URAP) field rankings for 2024, 6 of South Africa’s universities made it into the top 500 universities in the world. They are: 1. University of Cape Town (243) 2. University of the Witwatersrand (340) 3. Stellenbosch University (362) 4. University of KwaZulu-Natal (371) 5. University of Johannesburg (467) 6. University of Pretoria (475) #Skills #Jobs #Education #PublicSectorLeaders #Publication #SouthAfrica

Why you need a degree in South Africa – qualification salaries compared In South Africa, people without a tertiary qualification are more likely to face unemployment. At iFacts we believe this is one of the reasons people falsify their qualifications. Hiring an employee with faux qualifications can negatively impact your business's reputation and overall operations. Avoid the risk of hiring a fraudster. Hire with confidence, hire with iFacts. Read here: https://lnkd.in/dYdYV43y

New Post: Danger! Employers Don’t Have Space To Accommodate Graduates From Tertiary Institutions - https://lnkd.in/e8BBypb5! Employers Don’t Have Space To Accommodate Graduates From Tertiary Institutionshttps://lnkd.in/eCrfTrSv, Ghana//-Members of  Ghana Employers Association (GEA) have disclosed that most businesses in the country do not have the space to accommodate fresh graduates from tertiary institutions. CEO, Ghana Association of Employers, Alex Frimpong Accra, Ghana//-Members of  Ghana Employers Association (GEA) have disclosed that most businesses in the country do not have the space to accommodate fresh graduates from tertiary institutions. “We are not expanding as a business in recent times because of the current macroeconomic environment, and the best thing to do now is to try and keep the little that we have”, the Chief Executive Officer of the Ghana Employers Association (GEA), Alex Frimpong revealed to JoyNews TV in an interview. He added: “We don’t have the requisite vacancies to employ all these people and this has nothing to do with the quality of graduates coming out of our institutions". According to him,  businesses are struggling and the required expansion needed to accommodate these graduates is not happening. Alex Frimpong disclosed this on PM EXPRESS BUSINESS EDITION on February 29 2024 with host George Wiafe He also disclosed that the job market is changing because most enterprises are not prepared to take on these young graduates and train them, but rather look out for some skills just to fill some spaces at their workplaces. The Ghana Employers Association CEO was responding to the recent Ghana Statistical Service unemployment report that shows high unemployment among graduates and those with higher education. This has led to some arguing that most of these graduates are now demanding better working conditions and high salary levels, thus fueling this unemployment challenge. Mr. Frimpong stated that businesses are not hiring because of the high salary levels of these graduates, but rather due to lack of space. “We should realise that the formal sector is not expanding that much to take on all these persons coming from the formal education sector”, Mr. Frimpong added. Speaking on the same programme, Chief Executive Officer of the Association of Ghana Industries, Seth Twum Akwaboah said the manufacturing sector is looking for graduates with skills, rather than the level of education. “So don’t think that because you have a PhD, automatically you should command this level of salary and working condition”, he explained. “For us, it’s about the skills and what you are bringing to the business and the manufacturing firms”, he added. African Eye Report/Myjo

Why you need a degree in South Africa – qualification salaries compared Staff Writer ·22 May 2024 Having a degree is a must in South Africa, and data shows that it boosts employability and earnings potential significantly. While South African universities were not ranked among the best in the world in the FT ranking, salary data from PayScale provides insight and corroborates the FT’s findings. According to PayScale’s data, the average salary of MBA holders in the country sits at R847,000, with salaries ranging from R284,000 for professionals working in lower-end jobs, to CEOs earning in the millions of rand (R2 million-plus). This is more than double the average salary for those who hold a bachelor’s degree (which varies depending on type) and four times the average salaries seen by those who hold a diploma. The only other degree type to carry a higher average salary is the Executive MBA, where the average climbs to R960,000, with the ranges increasing accordingly. As expected, aligning with the various levels of specialisation, those who hold a doctorate command the next highest average, followed by masters, bachelors and diplomas. Because PayScale’s data relies on user submissions, the accuracy depends on scale. The measurements below are based on the input of thousands of user profiles tracked in each category, totalling over 8,000 submissions from South Africa. The latest Quarterly Labour Force Survey (QLFS) for the first quarter of 2024 shows that graduates, while not immune to the country’s persistent unemployment crisis, they are the least affected by it. According to Stats SA’s data, with an unemployment rate of 32.9%, the position for those with just a matric or less than a matric are more adversely affected, with unemployment among these workers at 34.5% and 39.1%, respectively. For South Africans with degrees, unemployment levels are sitting at 11.8%, a much better position, albeit worse than the same time last year. Even having any other tertiary qualification puts job seekers in a stronger position, with unemployment levels dropping to 22.5% in this category. Stats SA said these numbers illustrate the significant impact of education on mitigating the unemployment rate. “Possessing a tertiary education, especially a degree, enhances one’s likelihood of securing employment,” it said! I have a business oppottunity for South Africa where you can create an asset monthly income for yourself and where you can have enough funds to study one day for that degree. Contact for more information.

Yes, the statistics must complement the growth plan. Let's consider the JHS, SHS, and Tertiary. How many graduate yearly? How many temporary jobs that pay well and can swallow maximum the numbers? How many temporary pay little and can swallow the numbers? Is there a clear path to screen talents from temporary low paying to temporary high paying? Again, How many graduate yearly? How many permanent jobs that pay well and can swallow maximum the numbers? How many permanent (temporary) pay little and can swallow the numbers? Is there a clear path to screen talents from permanent (temporary) low paying to permanent high paying? Summarily, that's how you use the statistics for the strategy. Are we there yet? #Africa #Development #Strategy

New Post: Danger! Employers Don’t Have Space To Accommodate Graduates From Tertiary Institutions - https://lnkd.in/eZWu-79g! Employers Don’t Have Space To Accommodate Graduates From Tertiary Institutionshttps://lnkd.in/eBqHkh-d, Ghana//-Members of  Ghana Employers Association (GEA) have disclosed that most businesses in the country do not have the space to accommodate fresh graduates from tertiary institutions. CEO, Ghana Association of Employers, Alex Frimpong Accra, Ghana//-Members of  Ghana Employers Association (GEA) have disclosed that most businesses in the country do not have the space to accommodate fresh graduates from tertiary institutions. “We are not expanding as a business in recent times because of the current macroeconomic environment, and the best thing to do now is to try and keep the little that we have”, the Chief Executive Officer of the Ghana Employers Association (GEA), Alex Frimpong revealed to JoyNews TV in an interview. He added: “We don’t have the requisite vacancies to employ all these people and this has nothing to do with the quality of graduates coming out of our institutions". According to him,  businesses are struggling and the required expansion needed to accommodate these graduates is not happening. Alex Frimpong disclosed this on PM EXPRESS BUSINESS EDITION on February 29 2024 with host George Wiafe He also disclosed that the job market is changing because most enterprises are not prepared to take on these young graduates and train them, but rather look out for some skills just to fill some spaces at their workplaces. The Ghana Employers Association CEO was responding to the recent Ghana Statistical Service unemployment report that shows high unemployment among graduates and those with higher education. This has led to some arguing that most of these graduates are now demanding better working conditions and high salary levels, thus fueling this unemployment challenge. Mr. Frimpong stated that businesses are not hiring because of the high salary levels of these graduates, but rather due to lack of space. “We should realise that the formal sector is not expanding that much to take on all these persons coming from the formal education sector”, Mr. Frimpong added. Speaking on the same programme, Chief Executive Officer of the Association of Ghana Industries, Seth Twum Akwaboah said the manufacturing sector is looking for graduates with skills, rather than the level of education. “So don’t think that because you have a PhD, automatically you should command this level of salary and working condition”, he explained. “For us, it’s about the skills and what you are bringing to the business and the manufacturing firms”, he added. African Eye Report/Myjo

By embracing a mindset change and acknowledging the value of skills, employers can actively contribute to bridging the gap between available resources and the needs of industries affected by the skills shortage. Afrika Tikkun Services views job creation as a superpower: not only does it help support families and communities, it also drives progress on gender equality, poverty eradication, social cohesion and inclusive economic growth

Australia Labour Market Insights: July – September 2024 🌟 Despite a slowing economy, Australia’s job market continues to show resilience. In August alone, employment increased by 47,500, with annual jobs growth at 2.7%. Discover the full insights by downloading the report today! https://lnkd.in/gjNKsunG #LabourMarket #AustraliaJobs #HiringTrends #EmploymentReport #Recruitment #EconomicOutlook #Programmed

Three #important reports have been released recently by Jobs and Skills Australia (#JSA). These documents #assess how the national skills system meets Australia's skills demands and emphasise the country's current, future, and emergent skill #requirements. Notably, the number of professions experiencing a worker #shortage increased from 286 in 2022 to 332 in 2023, according to JSA's annual skills priority list. If you fall into this category, the following provides a thorough analysis of the anticipated employment landscape in Australia in 2024. See what lies beyond—click here https://lnkd.in/gAWRq8RP Follow Us👇 📲https://lnkd.in/gEtVrz4x 📲https://lnkd.in/e6BZJT_n 📲https://lnkd.in/g9x_PrhR