Youth unemployment is rising to new levels in the Middle East and
according to the latest Nielsen survey[1],
as much as 38 per cent of the people in the UAE
fear for their job security in the months ahead.
Adam Kingl, Executive Director of Learning Solutions, Executive Education, at London Business School, comments:
“The
job crisis in the Middle East is a serious issue that must be tackled
on a strategic level. Employers are struggling to find trained,
role-specific candidates
and this challenge is only worsening as the regional skills gap widens.
“With
the International Labour Organization (ILO) estimating that more than
27 per cent of the Middle East’s young population is currently
unemployed
– twice the global average of 13 per cent – it is clear that business
has a responsibility to provide skills development initiatives for
leaders. Companies must play their role in ensuring that the workplace
is ready for the next generation and that millennial
and future generations can contribute to society.
“Regional
organisations must create work environments that encourage a culture of
learning, where talent can flourish. One approach is to undertake
high-end partnerships
for specific employee development initiatives.
“Another
approach is to aid the nations and region to invest in up-skilling
youth as quickly as possible, even if employment cannot in every case be
offered. Alternatives
include offering mentorships, reverse mentorships (asking younger
people to assist executives with how to use social media to reach
consumers better, for example), internships and projects.
“Paid
project work is a particularly intriguing option, as it generates
income for those who are otherwise unemployed, develops valuable skills
and experience, allows
a company to ‘try out’ a future potential employee, and is consistent
with many millennials’ desire to have a more flexible work life.”
