Young people seeking training and education leads to surprising drop in unemployment figures (Martin Kornacki, 20 Jan 2010, Training journal, www.timesjournal.com)
A surprising fall in UK unemployment figures has been attributed to increasing numbers of young people turning to training and education to avoid the dole. The Chartered Institute of Personnel and Development (CIPD) says the latest figure of 2.46m jobless for the three months to November, which is down 7,000 on the figure for the previous three months, is due to swelling numbers of what are considered economically inactive students.
This is just one of the millions of examples that we can find to illustrate the benefits earned due to effective training
Introduction
Even high
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HCL BPO, a division of HCL Technologies Limited started its venture early in 2001 and is now a dominant player in the BPO field drawing revenue of USD 232.15 Million. With over 11,400 professionals operating out of India, UK and USA, HCL BPO runs 21 delivery centres.. HCL Technologies Limited – BPO Services focus verticals include Telecom, Retail, Banking/Financial Services, Insurance, Hi-Tech &Manufacturing and Media publishing and entertainment .Besides the company also offer their services in various areas of operations such as:
• Supply chain management
• Order to cash
• Finance and accounting services
• Knowledge and legal services
• Technical support services.
• Data management services
• Customer relationship management.
Employee first, trust, transparency, transformation and value centricity are some of the values that bond HCL BPO. (hclbpo.com)
The Challenge Encountered
HCL BPO was troubled by high rate of attrition just like most other BPO companies; it was an alarming 40% annually and was also struggling with low availability of skilled labour for direct employment without prior experience. As a result the profit margin was dropping considerably and that the company was anticipating a steep rise in expenses towards recruitment of new staff, training and development.HCL were increasingly eager to work out a strategy to build an atmosphere for an overall transformation to factors concerning the critical situation it was going through. The solution sought
“In early 2016, the ABS Labor force found that 258,000 youth aged 15-24 was unemployed” (ABS, 2016), accounting for over a third of total unemployment (721,400 people)” (ABS, 2016). There are several reasons youth unemployment exists in Australia, with the primary cause being low economic
What are some of the other evaluation criteria that a buyer may use to help select a seller?
In the past, post-training practices were brief and informal (Doerner, 2012). Rookie officers only spent a few weeks with one assigned senior officer (Doerner, 2012). Based on only that view, the senior officer decided if the rookie passed or was terminated from employment (Doerner, 2012). The FTO program used today provides ten exceptional benefits compared to past practices (Doerner, 2012).
workforce with bachelor’s, master’s and doctoral degrees just as America’s unemployment rate hits its lowest level in nearly seven years. Sounds like celebration time right? Not so fast. Young people are still lagging in the workplace. It makes up about 40% of the unemployed in the U.S. As of may the data shows that 13.8% of 18-29 year olds are out of work. By 2020 young people will be 46% of the U.S workers.
Thank you for helping me with my hitting and pitching for the past 4 years. The training and tips helped me so much, and were a huge part of me making the school team. You have taught me things that have improved my hitting, pitching and my overall mindset during a baseball game. The practice has helped me teach myself better baseball habits, so I can correct myself through your help. And besides being a trainer you're a family friend and it's fun hearing about your baseball activities and working with pros. It’s very helpful that when you try to fix things you show me and have me do drills to fix the problem, which most coaches don’t do. Thank you for being a great trainer, because I wouldn’t be as good as I am without your help.
Dr Lucas Walsh Director of the Foundation for Young Australians notes when manual and educational employment preparation for Australia’s highly competitive workforce depletes, the unemployment trend will not reverse (ABC, 2011). Youth unemployment is exacerbated by employer choice: a young person with little employment experience or an older person more field experience.
The training ,continued education and in-services ,which police officers receive can enhance the reputation of the Ferguson police department and law enforcement occupation. For that reason, police misconduct will be reduced allowing officers to become more marketable. Law enforcement trainings allow officers to use critical thinking skills and exercise moral judgment when handling crises and citizen initiated calls.
Since 2011 the unemployment rate in Britain has sunk from 2.7 million to 1.9. One of the reasons for this drop is the flexible labour market, or more specifically, the rise of the zero-hour contracts. Zero-hour contracts enable employees to hire workers without giving them a certain number of working hours per week or a definite wage. They only pay for the work that is actually done.
The recovery from the 2008/09 recessions though weak has seen increases in headline employment, implying that the labour market recovery is quite impressive and unanticipated considering the slower recovery in output. Trends in underemployment, self-employment, youth-unemployment (caused by displacement effect ) and insecure forms of working (zero-hour contracts1) have been obscured by headline statistic (Boyd, 2014). This is so because employers rather than lay-off workers decide to fall wages and/or cut working hours (labour hoarding1), thereby resulting in deteriorating employment quality and decreased economic security of jobs. This culminates in underemployment, leaving unemployment relatively constant with falling
This essay will discuss why young people are two to three times more likely than adults to find themselves unemployed and why the problem is rapidly growing in almost every region of the
Human resources are the most valuable assets of any organization, with the machines, materials and even the money; nothing gets done without man-power. In today’s business climate, businesses are faced with stiff internal and external competition. There are various human resource functions that give an organization a competitive edge, but most scholars argue that human resource functions becomes only operational when training has run through them all. This places training and development as an essential function in the survival of any organization. Increasingly, high performance organizations today are recognizing the need to use best training and development practices to enhance their competitive advantage.
The lack of quality universal education has also contributed to a large number of children dropping out of school to seek employment. The driving motivation is the fact that there are little employment opportunities for the educated and this
Since the 2008 financial crisis and the recession that followed in 2009 there has been a high unemployment rate among the youth. Canada’s unemployment rate is sitting at an all high time of 11.8%. (TD Economics) The unemployment rate specifically for youth aged 15 to 24 years old has climbed approximately 24.4%. (TD Economics) The impact of youth unemployment is long lasting and can harm an individual’s career opportunities. Economists have conducted a research which determines that the period of unemployment in an individual’s life will negatively impact them in the future because they will earn lower wages. For example, if you are a college or university graduate in Canada who is in a recession the unemployment rate will rise by about 5%, that implies a loss in earnings of about 9% annually. (TD Economics) If the social
In general, unemployment fell from 2012 to 2013. However, unemployment rates were only statistically significant in South East and East of England, whereas improvement of employment rates statistically significant in both South East and Scotland. Comparatively, the degree of ‘Jobseekers Allowance claimants’ declined by 1% across UK with a corresponding 1.7% decrease in North East region (largest
BPO is not simply moving jobs to a distant country and starting saving cost right away. BPO in the banking industry requires bank to provide on-site training, which normally takes from three months to a full year. (Overby, 2003) The training is a knowledge transfer process from one organization to another, which is necessary and critical to make sure the work can be transferred from onshore to offshore people smoothly. It’s a significant stage of outsourcing implementation, which may determine outsourcing will be a success or not.