Labor Government Budget ' Building Australia Future Workforce ' For Positive Impact On Workforce Re Entry For Long Term Essay

In Kenyon MacDonald's personal essay "Unemployed " (2016) he assures you will have struggles, troubles and difficulties in life but you will grasp and grow from them. He goes on to narrate one of the worst experiences of his life, being terminated from a job with State Farm. The author does not regard the reality that he did not appreciate the job and there were opportunities that he took for granted. The indented audience for this essay would be the younger generation who have the same mind-set as him.

Carvalho (2015) claimed that every year number of young Australians enter the labour market and they get trouble while searching for the job due to lack of experience, low skill, skill mismatch. Unemployment is not problem of Australia only rather it has become the global issue.

Unemployment refers to when an individual is actively seeking work and is aged 15 years or over, but is unable to find work (not hired). There are many causes and effects of unemployment that result in different actions being made by the Australian government through their use of both monetary policy as well as fiscal policy.

The government has responded to the skills shortage problem in the Australian labour market by introducing a strategy that will bring about 70,000 new training places for workers over the next 4 years. The provision of moral support for 22,500 young apprentices is also an attractive strategy to new workers. There will be easier accessibility to quality training to strengthen the connection between business and training needs. There will also be easier access to training in core foundation skills like numeracy and literacy.

Unemployment is a social problem in Australia, which affects a majority of society in many ways. Not only can it cause financial debt to families, but from there it can cause family breakdowns, social isolation, shame and it can even lead to violence. The Conflict theory perspective explains how unemployment can be caused by class and power by focusing on the inequality within society. The inequality sequentially predicts that the poorer members of society struggle to find employment, to be able to get education to find suitable employment and are.

There is a strong relation between education and employment. At higher levels of education there is no employment gap between the indigenous and non-indigenous Australians.

Unemployment: As can be seen in Fig 3 below, the unemployment rate in Australia has recently dropped below 5.8%, which is the lowest it has been for over 20 months. This is despite the economy struggling over the previous 12 months due to a fall in investment in the mining industry. This has led to the Reserve Bank of Australia (RBA) reducing interest rates on two occasions in the past 12 months to encourage the non-mining sectors of the economy to fill this void and invest in resources, but some businesses are still reluctant to spend money. NAB economist Tapas Strickland said he expected strong jobs growth to continue into 2016, stating “ The forward indicators, such as jobs ads, suggest employment growth of 2% a year, and when you do the calculations, that implies 20,000 (jobs added) per month”. (Guardian, 2015).

Youth unemployment has been a constant problem in Australia for decades. In Treasurer Scott Morrison and the Coalition’s 2016-17 budget, a new plan focusing on helping young people join the workforce aims to drastically lower the youth unemployment rate over the next few years: the ‘Youth Jobs PaTH Program’. The $752 million dollar program aims to help up to 120,000 vulnerable young people over the next four years (Budget 2016-17, Queensland Government). However, there is a concern how effective the scheme will be, due to its emphasis on purely internships. Many argue that the Coalition’s youth unemployment scheme ‘Working Futures’ is a better option to lower youth unemployment, for its alternative structure and focus. To decide which one is best for Australia, both the Coalition and Labor Party’s scheme will be judged by analysing their social impacts upon the Australian youth.

Recently the Age published an article referring to the truth that youth unemployment in Melbourne’s outer suburbs is getting worse (Perkins 2015).

In 2012 youth ages 15-24 were more than twice as likely to be laid of compared to those older than 25. The monthly layoff rate for youth was 3.5% while the rate for workers 25-54 was 1.3%. Workers 55 plus had a rate of 1.5% (Stats Canada,2013). In todays society youth enter the workforce unprepared, uneducated and unexperienced which leads to these high rates of unemployment and layoffs. Schools are not teaching the valuable lessons and skills youth need to enter the workforce with an advantage not a disadvantage. Although the schools are responsible for teaching the kids it is in fact the government who is responsible for offering more programs and proper programs to schools. By offering more programs designed to educate, prepare and

Look of workforce in Australia is changing. It is no longer the same as it was 20 years ago. Where young men were the main workers and old people and women were sitting at work with their kids (Nankervis et al. 2006, p.54). Nowadays number of old people has increased dramatically, which is affecting workforce and brings new challenges to human resource. New implications that human resources have to deal with are appropriate age allocation, keeping old employees working for as long as possible and avoiding clashing of different generations. Also combine experience from old employees with knowledge of new technologies from younger ones. All these can be done by correct human resources strategies, which will benefit organizations and

Critically evaluate the utility of the psychological contract for understanding the contemporary employment relationship. (2500 Words)

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

Unemployment is recognised as one of the most challenging social problems currently facing Australia. In the last two decades and more recently with the global recession high levels of unemployment have become an established feature of the South Australian social and economic landscape, with young people aged 15 to 24 years among those hardest hit by unemployment.

Money is an important component that can help ones to function properly in this society. However, money defines our self-worth and value in this society. For decades, unemployment has become a big issue in our community. The younger generation are the one who suffers the most from the crisis. In 2009 alone, 6.7 million youths joined the ranks of the unemployed, and compare this with an average annual increase of 191,000 in the 10 years before the crisis 1997 to 2007(Elder,2010). Youth unemployment is a crucial issue in our society. Unfortunately, a lot of young people are going through that situation. When it comes to find a job, young people are the less fortunate for many reasons. For instance, some employers might be biased on ages and believes that young people do not have skills or enough experiences to perform at the level required for the jobs. The problem of youth unemployment has many causes and consequences in our society. Youth unemployment can affect the economy, family relationship, increase crime rates and, mental health.