Unemployment Unemployment is the one constant throughout history.
The objective of this paper is to conduct an analysis of the role played by the private sector in overcoming the high rates of unemployment among the UAE nationals. It also aims to examine how the rate of national unemployment relates to the rate of private sector employment.
This relationship will be established by conducting a regression analysis of the two variables. The paper concludes that the government ought to work with the private sector to develop ways to create more employment opportunities especially in the private sector, for the nationals.
The findings indicate that changes in the employment levels in the private sector impact on the national employment levels. On the other hand, changes in employment levels in the public sector have no relation to the rate of unemployment of the nationals Trading Economic The private sector is critical in these areas because the public government sector cannot employ all of the working population, thus the private sector is left to absorb the remaining portion.
This contributes towards reducing the rates of unemployment and increasing the GDP of the country International Monetary Fund. The unemployment rate is defined as the number of people, out of the total working population, actively seeking for jobs and willing to work at the prevailing wage rates, but cannot find jobs Trading Economics In the UAE, their overall unemployment is considered among the lowest worldwide, which was 4.
Illegal expatriates are always entering the UAE job market, hence their number is not accounted for in this rate, which implies that the real rate of unemployment especially for the nationals might be higher. In recent times, the problem of unemployment has become acute.
There has been a major increase in population attributed to the illegal expatriates AG Reporter.
In addition, the number of the nationals who graduate from high schools and universities has also increased. Recent data shows that the rate of unemployment for the nationals is higher as compared to that of the entire population, which includes the expatriates.
Emiritization law The Emiratizition law was established close to a decade ago with the aim of creating sustainable job opportunities for the UAE nationals.
The Emiratisition program is implemented nationwide and is a major priority for various private sectors, semi-government and government organizations in the Emirates Trading Economic It aims to assimilate the national workforce of the UAE into the labor market effectively.
Most nationals who graduate at high school and university levels have difficulties landing suitable jobs despite their good education and skills Trading Economic The Emiritization program aims at bringing success to any economic plans of the UAE, be it present or in future.
This is achieved by an interaction between the government and key stakeholders as a policy for the provision of more employment opportunities for such Emirati graduates, whose number annually increases constantly and fast.
This policy advocates for hiring of locals instead of outsourcing talented and skilled labor force. In this case, the compensation concept is essential as far as human resource management is concerned.
Recently, a study undertaken on the attitudes of the private sector revealed that This has resulted to the government and registered companies to open up sites of job vacancies to the job seekers at no cost Trading Economic There is a perception that Abu Dhabi economies are characterized with limited competitiveness.
This has resulted to the implementation of government subsidies for the organization and workers, which will lead to significant attraction of locals in private sectors Randeree The government aims at bridging the gap between the private and public sectors.
Emiritization also advocates for the quota system, which requires the employment of a certain Emirati percentage. However, many students prefer working in the public sector as compared to the private sector Kherfi The replacement of foreign employees present challenges for the government and makes it hard for job opportunities to be created.
Retaining and attracting affordable and qualified people becomes difficult due to the challenges presented. This calls for organizations to maintain and enhance their reputation and introduce a powerful talent management system.
The most significant aspect that companies operating in Abu Dhabi have is a system of talent management due to the challenges and opportunities they encounter today Kherfi Executing and developing a compensation plan is a critical challenge affecting human resource professionals.
These challenges are because of the upward pressure that nationals experience like salaries due to talent competition, inflation among others. This method can be used in the analysis of both observational and experimental data. Regression analysis in statistics refers to the estimation process aimed at establishing how the relevant variables relate Toffalis The process includes the analysis and modeling of several variable techniques.
The aim of the analysis is to focus on the relationship between the independent variables and dependent variables. Regression analysis is mostly used in forecasting and making predictions where a substantial overlap in field machine learning is likely to occur. It is mostly used in casual-infer relationships.
The most familiar regression methods are the least ordinary square and the linear regression methods, which are parametric in nature.Nov 21, · Essay on unemployment. essay qemscan analysis essay essay on ipl t20 focus on writing paragraphs and essays 2nd edition pdf english essays expository essay planning map detail essay on pollution in english an inspector calls eric essayagh psychology essays for grad school msf uf admissions essay interpreter of maladies.
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Unemployment Cause And Effect Expository Causes and Effects of Unemployment Travis Epling Strayer University ENG Jeanette Trammel 9/14/14 Causes and Effects of Unemployment There are many reasons for unemployment in the United States and around the world.
Unemployment is the one constant throughout history. Despite changing technology, the underlying principles of why unemployment occurs remain the same. It’s also what continues to this day.
The three main causes of unemployment are economic conditions, new technology, and increasing populations. Keywords: UAE unemployment, Emiratization, Public Sector, Private Sector.
Introduction. Background. In the UAE, the private sector, as well as the public sector, has a role to play in the growth of the country’s economy and the rates of unemployment.