Job creation a presentation by cutler communications

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Job creation a presentation by cutler communications

  1. 1. Roundtable Discussion on “Job Creation: Pathway to Sustainable Economic Growth” A Presentation by: Cutler Communications
  2. 2. Introduction • Unemployment has become a global concern and it is one of the major global issues today. The global economic crisis that began in 2007-2008 has had a huge effect on the number of unemployed people around the world • According to ILO Global Employment Trends 2013’s report, "An uncertain economic outlook, and the inadequacy of policy to counter this, has weakened aggregate demand, holding back investment and hiring. This has prolonged the labor market slump in many countries, lowering job creation and increasing unemployment duration." 5.1million …to 2012 202 million in 2013 205 million in 2014 • As such, the world's unemployment rate and the number of the unemployed worldwide is projected to continue to rise Unemployment Rate
  3. 3. Overview: Global Unemployment Issues GLOBAL UNEMPLOYMENT ISSUES International Labor Organization Forecast that more than 200 million workers will be unemployed in 2012 The United Nations’ Agency’s Report Estimated that 50 million jobs had been wiped out since the 2008 financial crisis, and predicted no worldwide recovery in jobs and incomes for at least another five years The World of Work Report 2012 forecast A global unemployment rate of 6.1 percent in 2012, with total world unemployment rising from 196 million in 2011 to 202 million in 2012. The unemployment total is projected to rise by another five million in 2013, and the rate to 6.2 percent Sources: ILO Annual Report; The World of Work Report 2012; The United Nations’ Agency’s Report: Global Employment Trend 2013 6% of the world's workforce were without a job in 2012. The number of jobless people around the world rose by 4m in 2012 to 197m
  4. 4. Overview: Africa Unemployment Issues Population • The whole of Africa is about 1 billion and about 800 million are found in SSA (where Nigeria also belongs) Youth: under Age 30 • 62% of the SSA population are under the age of 30 – that is about 500 million people Jobless • 45% are either not in school or jobless – that’s about 220 million people Africa Unemployment Issues
  5. 5. Overview: Nigeria Unemployment Issues Nigeria Unemployment Issues SURE-P World Bank Nigerian Bureau of Statistics Minister of Finance/ Economy Unemployment Rate Average: • 2006 – 2011: 23.90% The NBS measures unemployment rate by the number of people actively looking for a job as a percentage of the labour force Economic Report on Nigeria: The official unemployment rate had steadily increased from 12 per cent of the working age population in 2006 to 24 per cent in 2011. Preliminary indications are that this upward trend continues Subsidy Reinvestment and Employment Programme (SURE-P) About 40 million employable Nigerians are unemployed and the number is increasing Dr. Ngozi Okonji-Iweala: The Federal Government created 1.6 million jobs in 2012 and 431, 000 jobs in the first quarter of 2013,” the country is not creating enough jobs Sources: Nigerian Bureau of Statistic – Unemployment report 2011
  6. 6. Unemployment lies at the core of poverty. For the poor, labour is often the only asset they can use to improve their well-being. Therefore, job creation is essential for achieving poverty reduction, social development and sustainable economic growth How Do We Tackle Unemployment?
  7. 7. Who is Responsible for Job Creation The Government? Organized Private Sector? Individuals? It is unlikely for any government to create jobs for the 220 million jobless Africans (Nigerians Inclusive), as such people have to become job creators and not job seekers
  8. 8. Who is An Entrepreneur The Tale of Two Shoe Salesmen Entrepreneurship is not about buying and selling; it is about having the ability to look at a challenge, identifying opportunities and creating solutions. It is about being INNOVATIVE
  9. 9. United States The global leader in Prestige Beauty Founded in the 1946 (68 years) with staff strength of about 40,200 full-time employees worldwide Listed on New York Stock Exchange with products sold in more than 150 countries Core Focus: Estee Lauder Companies have grown on the key principles of creativity, innovation and entrepreneurship “The entrepreneurial talents of our employees are one of our key strengths…..” Estee Lauder
  10. 10. United States Henry Ford Founded in Dearborn, Michigan on June 16, 1903 - now 111 years old Ford Motor Company manufactures or distributes automobiles across six continents It has bout 224,000 employees and about 90 plants worldwide Core Focus: Our people do not believe a man can ever leave his business. He ought to think of it by day and dream of it by night
  11. 11. Molson Coors Canada is North America's oldest brewery founded by John Molson in 1786 on the shores of the St. Lawrence in Montreal Quebec Canada It operates in communities all over the world, capturing the local flavors of each region through strategic sourcing, and bringing them to drinkers everywhere Core Focus: • Two things make us who we are and give us the greatest competitive advantage: - Our people and our brands • We have built an employee culture around passion, focus, responsibility and results. • We were started by pioneers. And pioneers are still in charge
  12. 12. South Africa Started in in Cape Town in 1845 and it has been serving its customers needs for over 165 years With no capital, just the trust of like-minded individuals and the unwavering belief that together, people can achieve more than alone Operates in 34 countries across Africa, Asia and Latin America Listed on the Johannesburg, London, Zimbabwe, Malawi and Namibia stock exchanges John Fairbairn Core Focus: We introduced a culture assessment tool to help us articulate the culture our employees want to be part of and where they think Old Mutual is today
  13. 13. Are we Entrepreneurs in Nigeria
  14. 14. “We must promote Entrepreneurship Education and get businesses in the Private Sector involved…”
  15. 15. The Pathway to Sustainable Economy is everybody’s responsibility. This is a duty call to embrace Entrepreneurship. Government is calling for it and Cutler through this platform unveils…

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