The Importance Of Youth Unemployment

724 Words 3 Pages
As a bunch of students would graduate from universities, they start to look for a job that match their majors. Before the youth gets what they have learned from institutions, they are worried by the status of unemployment in today’s society. Also, some school leavers would not like to receive a low paying job. This phenomena we call youth unemployment. Some statistics that “more than 40 percent of young people are unemployed” in spain, “more than 20 percent” in France, and “21 percent” in USA (Tapscott and Williams, 2012, p. 24) . These stats reveals the low rate of youth employment in western countries. The high unemployment is the main cause of why many young people want to immigrate other countries to find career paths. Due to the reasons …show more content…
Since a lot of youth could not find a job they are passionate about, to open a small business of their own becomes the popular choice to given them an bright and delight future. Entrepreneurship is the operation of ensuring a project and trying to congregate assets to make the project succeeded ( Griffin, Ebert, Lang and Strake, 2011, p.34). In this case, banks should do more on youth entrepreneurs for solving youth unemployment problem. First, banks could provide personal loans for entrepreneurs. Some youth just lack money to create their small businesses. Therefore, it is not only help them on the financial part but also on the inspirational encourage. In the structural unemployment, some youth could not find a job matches their specialty, so that they are more willing to use own technique or ideas to start their own businesses. The load from banks could promote their materials to fit their abilities and let entrepreneurs constructure the blueprint of their business. It obviously indicates the significance of banks load. Furthermore, the tax cost as youth on the entrepreneurship could be less than other employment people, which way could not give youth the pressure from finance. These youth could pay more attention on their goals and achieve their value. Thus, bank plays an important role to reduce youth …show more content…
The youth friendly environment should be based on the respect young people. Perhaps these youth are not very fit for what position company needs; however, HR also needs to give them confidence to introduce themselves and let them show why they win the job. If HR just observed that youth lack of one aspect that they do not like, HR should have a good looking to dig talent people for the whole company. Moreover, some youth may not have enough experience on what working on their job, so company should provide training and some programs to let practice their skills because some of them just lack experience. Maybe some universities have similar co-op options; however, each corporations have different programs to provide their different skills which are fitting what company needed. In this condition, reducing youth employment is inevitable. In addition, companies also might give youth enough spaces to allow them for creativity that could promote corporations, and are willing to listen their ideas of new products, processes or services. It could not only build culture of enterprise but also update the atmosphere of corporations with young people. Only in this way, youth will more likely to choose this job even if this job does not match their majors. It indirectly drop down the rate of youth

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