Uploaded on Jun 22, 2022
There are various reason of unemployment in India. People who are actively looking for work and are currently available for work but do not have a job are also considered unemployed. The main reasons are the economic, social, and psychological problems. Here are some steps to reduce the unemployment in India.
Unemployment in India - Meaning, Causes and Solution
Unemployment in India - Meaning, Causes and Solution What is Unemployment? The unemployed are considered unemployed. This includes either being part-time, full-time or not having the status of an independent contractor. People who are actively looking for work and are currently available for work but do not have a job are also considered unemployed. Significance of Causes and Effects of Unemployment By replacing some lost income, unemployment benefits protect unemployed workers from reducing their assets to sustain consumption. By increasing the income of highly low-income families, unemployment benefits help lift them out of poverty. Unemployment benefits programs encourage workers to accept jobs essential to the economy despite the risks of layoffs. Unemployment benefits allow workers to keep their jobs because they spend more time finding the right job for their skills. Unemployment benefits provide additional support to workers in recession without significant adverse side effects. What are the Causes and Consequences of Unemployment? 1. India is the voluntary departure of workers. Some unemployed people have saved enough money to leave their jobs unfinished. They have the luxury of finding out unless they get the right opportunity. 2. The migration of workers. They are unemployed until they get a place in a new village. 3. when new workers enter the working class. This includes students who have graduated from high school, college, or any other degree program. They look for jobs that match their new skills and qualifications. What are the Causes and Consequences of Unemployment? 4. Advancement in technology- This is what happens when computers or robots take the place of workers. Most of these workers need more training before getting a new job in their field. 5. Job outsourcing- This happens when a company moves its product or call center to another country. In countries where the cost of living is lower, labour cost is lower. This has happened in many states since NAFTA was signed in 1994. 6. Fewer jobs than applicants. The technical term means demand- deficit unemployment. When this business occurs during the recession phase of the cycle, it is called cyclical unemployment. How to Reduce the Effects of Unemployment? ● Use of labor-intensive technology ● Agricultural diversification ● An increase in services and employment growth ● Education, health, and job creation ● Labor-centric industrial growth ● Accelerate investment in agriculture Should You Mention the Unemployment Date in Your Resume? When creating your resume, dates can be an essential factor in determining how many years of experience you have with hiring managers. They can also tell employers how many degrees you have recently earned, how long you have been an active member of the association, or how long you have held the relevant certificate. Knowing the best place to show dates on your resume can help you stand out from other candidates. Whether or not to include dates in your resume usually depends on the requirements listed in the job posting for the role you are applying for. Some candidates require a certain amount of experience, certifications, or an active association member. Listing the dates on your resume helps you prove that you meet these requirements. Conclusion In conclusion, there are various causes of effects unemployment worldwide. The main reasons are the rising population, rapid change in technology, lack of education or skills, and rising costs. The various consequences causes and effects of unemployment include economic, social, and psychological problems. Unemployment has become a significant problem affecting our lives, health, economy, and society. Therefore, countries should set up more companies and factories to provide more opportunities and positions to meet the needs of the growing population. Unemployment in India - Meaning, Causes and Solution 1 - Scan & Download Hirect App! 2 - Fill your information and choose the relevant category. 3 - You can chat directly with the HRs and CEOs directly. Read this blog to know more Information :- https://www.hirect.in/blog/what-are-the-causes-a nd-effects-of-unemployment/
Comments