Jobs are seen to be very scarce nowadays. The condition of jobs in the developing and the under developed countries is very critical. People are not able to find job and those who do, have to be competent enough for a job to retain it. It is not because of the fact that companies in both the private and public sectors are not offering jobs, but the factors that are involved in the less availability of jobs are:
1) Economic downturn
2) High competition among candidates for jobs
3) Internal recruitment
4) Cost cutting/downsizing
5) No right person for the right job etc
Since the global economic crisis, the Asian and middle eastern countries have been hit hard and the economies have gone down with high inflation and risk factors that do not allow people to earn as much money as they would have in normal conditions. Tax cutting, extra charges over the loans, interest rates etc have been unusually higher. Due to this, people have started to move from one country to another to locate good jobs that can pay them what they deserve. This has led to them being employed overseas and not in their own countries and hence, the overall condition of one country is worsened.
High competition among candidates for jobs
Countries, specifically the Asian countries have been reported to produce 90% of the total doctors and IT professionals in the world. However, to match up this percentage, jobs are very less for them. This is the same cases for the jobs in Pakistan, India, Afghanistan, Malaysia, Indonesia etc. The competition is rough and tough among all the candidates for jobs and hence only a few get jobs that have references in the companies they apply for. The war has turned to choosing the employee of choice rather the employer of choice.
To avoid cost and budget allocation for external recruitment and the procedures for selection, companies have started to retain their employees, without respect to what they do, and promote them so that they do not have to hire from a fresher pool of candidates. This leads the company to have a limited pool of professionals with not perfect expertise, but with normal experience in their jobs. Companies go down in business and eventually bankrupt if they do not regulate the pool of experts in their companies.
Cost cutting/ Downsizing
Due to the economic downturn, companies have been facing larger cost measures and they have to cut down the head count to save costs. In worst cases, plants are being shut down so that cost can be maintained and production is not hindered by the conditions. This has also led the foreign investments to be taken back from a country and lesser jobs are in place due to this factor. Cost cutting and downsizing is also done because the living conditions are under the risk of terrorism in some countries. This has led people not to apply for jobs outside their vicinity and this creates lesser people for the competent jobs as well.
No right person for the right job
The concept of downsizing and the cost cutting has led to the fact that now one worker is doing the tasks of 5 people altogether. In addition, with people not applying for jobs they are competent for, companies are taking in the people who are not competent enough to fill up their positions. Those who deserve to be at such jobs are not able to fit in any good job. This effects the job criteria, the output and the candidates as well who keep on looking for jobs.
What should be done?
Government bodies of the countries have to make up policies to control the factors and work diligently towards the betterment of their homelands. People are disheartened and want motivation to pursue them to work. If this is done, betterment can be seen initially that can lead to the negation of the affects of such factors.