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3 Groups Creating Jobs in Underdeveloped CountriesPoor infrastructure and lack of job opportunities are among the top reasons that underdeveloped countries remain in poverty. Creating jobs in underdeveloped countries is key to achieving developmental goals and providing economic and political stability that can help many developing countries out of destitution. Furthermore, jobs provide income, independence and choice to individuals. It is for these reasons that creating jobs in underdeveloped countries can improve conditions and help in eliminating hunger and poverty. Creating new job opportunities can also help advance gender equality and many other pending societal issues.  In September 2015, many organizations came together to establish the U.N. 2030 Agenda for Sustainable Development, which recognized the importance and impact of jobs on these economies. Since then, corporations and organizations have been launching efforts to try and reduce global poverty by creating more jobs in developing countries.

3 Groups Creating Jobs in Underdeveloped Countries

  1. The Overseas Private Investment Corporation (OPIC): This U.S.-based finance development organization has long created jobs in underdeveloped countries that have boosted countries’ economies. OPIC has supported major infrastructure projects such as airports and hospitals, which have created many construction jobs. It also has provided and allocated financial resources to entrepreneurs in developing countries. These resources give entrepreneurs the means to start and grow their businesses, which will, in turn, produce more jobs. In 2019, OPIC merged with the Development Credit Authority, which was a part of the United States Agency for International Development (USAID), to form the Development Finance Corporation (DFC). The DFC partners with the private sector to invest in energy, healthcare and technology initiatives, as well as infrastructure and jobs.
  2. The World Bank: The international organization works to reach goals in the employment sector by launching efforts to improve financial access, provide financial training and build more robust infrastructures for lacking governments. Due to the World Bank’s international efforts, countries are recognizing the top challenges they face using job diagnostics. After evaluating data, governments can focus on more pressing socioeconomic issues. This will create jobs that benefit people in need and give them more economic stability. The World Bank counsels governments to invest in transportation, information and communications to connect more people to job markets. Finally, the World Bank is responsible for developing programs that promote entrepreneurship in small-and-medium-sized businesses.
  3. Mother’s Service Society (MSS): Founded in 1970, MSS is a social science research institute in Pondicherry, India, that leads research and conferences on subjects from global leadership to economic theory. MSS research projects and conferences develop action plans to increase employment and create jobs in developing nations. These plans detail multiple factors that, when combined, generate employment and boost the economies of these countries. According to MSS, the Newly Industrializing Economies (NIEs) in East Asia have demonstrated that more comprehensive strategies for job generation have yielded the most progress. More comprehensive strategies for job generation can include ideas such as having more of an emphasis on agriculture, promoting small businesses, improve marketing efforts, develop exports and employment planning.

More Strategies

Besides the great work of these groups, other comprehensive strategies for creating jobs in underdeveloped countries include extending basic education, improving higher education, raising productivity and upgrading the skill level of workers. By implementing these strategies, economies can close socioeconomic gaps, join the global market and create more job opportunities.

– Annamarie Perez
Photo: Flickr 

App Helps Job Seekers

Recently, a new and innovative app helps job seekers and employers in South Africa. The app makes finding a new employee or job less stressful and a little more fun. A group of employers that were frustrated with the traditional job application process created “Mr. Employ,” an app that helps job seekers find the right position and company that best suits them and their needs. Additionally, Mr. Employ is helping employers find the right people for their company.

An App For Employees

Mr. Employ” is free to use. The app helps job seekers view potential job postings quickly and easily. On the app, there is a dashboard that summarizes all the jobs one matches with. Mr. Employ’s matching criteria is unique and weighted in that it allows job seekers to choose the best jobs out there.

Candidates are able to read a quick summary about which prospective employers match with their wants and qualifications. From there, candidates can see whether they would like to give them a “thumbs-up.” Regardless of whether a person may not like the job posted, no job postings are ever left out of the dashboard. Candidates may just match less with one job over another based on their personality, wants and professional goals.

This app helps job seekers as they can “like” up to five jobs on the app. To create a profile on the app, candidates upload a standardized micro CV, a photograph and a 15 second video.

An App For Employers

On the app, employers can quickly be matched with a growing pool of candidates through its easy and navigable sites.

First, employers must create their job postings and then enter as many job specifications as they would like to that upload. Then, employers choose whether they would like to keep their job posting open to all potential matches, or simply only to those the company specifically likes themselves. After the company’s profile is complete, companies can then see all current dashboards for all potential candidates they matched with. The can also view their match in a percentage regarding the candidate’s qualifications for the specifications posted for the specific jobs.

The 15-second video is very important to employers since it serves as a candidate’s first impression. It gives companies a real sense of whether a candidate will be a right fit for the culture and nature of their business. From a first impression, companies can gather whether they would like to spend the time to get to know the candidate in person or not.

This saves companies time and energy as opposed to the traditional ways where employers would previously try to get to know someone from pieces of paper. This method prevents employers from finding out if a candidate would be a good fit for their company until they meet them face-to-face. The videos on this new app helps job seekers and saves employers time and energy. For employers to partake in the app, they must pay a fee for every job posting that they upload.

Connecting Employers with the Best Candidates

Mr. Employ is designed to help match employers and potential candidates across varying disciplines such as food, retail, sales and entertainment. The app takes into consideration scenarios like transport, gender, language, salary and location. It then assigns an applicability score to candidates. Both the employer and the applicant must “thumbs up” one another to get a match. If that connection is solidified with a hire, that applicant is automatically removed from the app.

Mr. Employ Can Help Unemployment in South Africa

South’s Africa’s unemployment rate increased to 27.6 percent in the first quarter of 2019 from the previous reported number of 27. It is the highest unemployment rate since the third quarter of 2017. Since then, the number of people that were without a job rose from 62,000 to 6.20 million.

With these daunting statistics looming over South Africa, a silver lining is seen within this new app that helps get people jobs. There are about 70 different employers currently searching for people to fulfill numerous jobs across all fields to accompany the approximate 1,200 applicants looking to succeed in those jobs for years to come.

– Jillian Rose
Photo: Flickr