Scenario of unemployment in Pakistan!

Unemployment is if a person has ability to do work and is willing to do work but is unable to get job opportunity. There are so many reasons of unemployment but here are a few in this discussion like one reason is in Pakistan education system is defective. There is no educational planning. This system is producing the stuff, which is useless in technical fields of the country. There is lack of technical and vocational institutions. Public attitude towards education is wrong, they want to get their degrees in general and arts subjects. Nobody can set up his own business without technical education.

Similarly, In Pakistan there is lack of every kind of planning. There is a huge difference between the demand and supply for labor. There is absence of such kind of planning to produce doctors, engineers, technical, experts, scientists etc, according to the need of different sectors of the economy. Load shedding of electricity is disturbing economy, especially the industrial sector. Due to less availability and high rates of basic inputs like electricity, gas and oil etc, many industries have been closed and job vanished.

In Pakistan, tax system is not satisfactory. Ratio of direct taxes is more than indirect taxes. Tax dodging is common. Due to less income from the taxes, government cannot start developmental projects. If there is no investment, then from where public would find jobs. On the other side if government takes step to increase indirect taxes, it would also affect investment and ultimately employment level.

Political instability, bad law and order situation, army’s interference, bomb blasts, terrorism, inconsistent economic policies etc are the factors which are disturbing domestic and foreign investment. Due to 9/11 incident, Gulf war and the baseless allegations of terrorism the image of Pakistan has been affected very badly at international level. So in the current scenario Pakistan has limited job opportunities in other countries of the world too. Craziness for work only in government sector, instead of private sector and seasonal firms, industries are also responsible for unemployment.

The negative impact of unemployment is as during a long period of unemployment, workers can lose their skills, causing a loss of human capital. Being unemployed can also reduce the life expectancy of workers by about 7 years. High unemployment can encourage racism as workers fear that outsiders are stealing their jobs. Unemployment also encourages use of drugs by individuals. Proper economic planning, consistent policies of government, better law and order situation, abolishing energy crisis, sincerity with Pakistan and by adopting the Islamic economic system we can not only tackle the issue of unemployment but every economic problem of our country as well.

“Shift-to-Knowledge” a strong tool of value creation!

The present business environment is characterized by fast, unpredictable, and high-value competition. To survive in this scene organization must be receptive, responsive and elastic. The new economy is described by the “shift to knowledge” as the main determinant of economic growth and success. The “shift to knowledge” as the primary source of value means that knowledge plays a key role in the definition, functioning, and performance of organization.

Instead of capturing “intellectual human capital” organizations should develop a culture of knowledge management and knowledge development. It is crucial to know that human beings are social animals they can only learn through interaction so any organization which has dream that its employees have good communication skills, decision making power, analytical skills, negotiation skills, and innovation should focus on the social interaction. Moreover, this interaction must be open to mind without any limitations and boundaries so that the employees can learn more than usual. Maintain a culture of experience share and knowledge share in the entire organization as it is a valuable assets your employees have with themselves.

Knowledge is an intangible asset and can be a source of competitive advantage if properly espouse to the world. The organizations learn as its employees involve in learning behavior. Employees can learn through both ways formal and informal. But during my observation period I noticed that informal part contributes more in learning. Unfortunately in Pakistan even big organizations that operate locally now focus on training session which cost more and in outcome reward less. Training is a great source of learning but follow training without other investigations that here in this particular scenario it is needed or not is common. This “Training Fashion” can be dangerous for human minds and capacity.

Simply what the necessity of time is organizations in Pakistan should develop a “Knowledge circle”. This can be a sector based and should develop a year calendar for meetings, get together and training sessions. Also Participants in all events should be sector base not company one. It will save cost and results will be more towards achieved side.   

It is a much critical period for all businesses around the world and everyone is trying to be best in order to sustain its business activities. The preeminent approach is to develop the business hub on knowledge base. However, try to use the employees’ potential in the appropriate direction is equally significant.