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Job Creation - Scheduele 1

The document discusses job creation, which refers to increasing the number of jobs in an economy through government policies aimed at reducing unemployment. It notes that job creation programs can take various forms, such as lowering taxes and reducing regulations to incentivize hiring, or the government directly hiring workers for projects like building roads. Additional factors that can impact job creation are discussed, including economic conditions, technological advances, corporate values, and seasonal fluctuations in different industries. While the government can play a role in job creation through agencies and programs, it is argued that the private sector and businesses have more incentive to create jobs efficiently due to profit motives. Strategies for job creation include promoting digital services, nurturing skilled workforces, enabling small businesses, and stimulating

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173 views8 pages

Job Creation - Scheduele 1

The document discusses job creation, which refers to increasing the number of jobs in an economy through government policies aimed at reducing unemployment. It notes that job creation programs can take various forms, such as lowering taxes and reducing regulations to incentivize hiring, or the government directly hiring workers for projects like building roads. Additional factors that can impact job creation are discussed, including economic conditions, technological advances, corporate values, and seasonal fluctuations in different industries. While the government can play a role in job creation through agencies and programs, it is argued that the private sector and businesses have more incentive to create jobs efficiently due to profit motives. Strategies for job creation include promoting digital services, nurturing skilled workforces, enabling small businesses, and stimulating

Uploaded by

syon monga
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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JOB CREATION

Made by : Sana Monga


BBA M2
WHAT IS JOB CREATION ?
◦ The process by which the number of jobs in an economy increases. Job creation
often refers to government policies intended to reduce unemployment. Job creation
programs may take a variety of forms. 
◦ For example, a government may lower taxes and reduce regulation to make hiring 
less expensive
. On the other hand, a government may hire workers itself, for example,to build a road
.
Factors of job creation?
◦ Economic Factors Affecting Employment
National job growth, recessions and the ability to look for employment could affect worker turnover and retention. For
example, if the economic climate is doing well and jobs are flourishing, it may be harder to retain employees if they
have other, better job opportunities to assess. On the other hand, if the economic climate is poor and national
unemployment rates are high, it may be easier to retain your employees since other job opportunities may be limited.
Also, changes in consumer taste can affect demand for the product or service your company provides, which could
lead to layoffs or mass hiring that could affect your company's employment rate.
◦ Technological Advances and Automation
Advances in technology can affect employment rates. For example, certain industrial ventures previously requiring
people to work on factory lines may now be able to use computer-operated machines instead of employees,
depending on the industry. This may significantly decrease the amount of employees needed in a company's
workforce. Certain technological advances in machine automation have also replaced the need for specific levels of
employees in office atmospheres, impacting overall employment.
◦ Impact of Corporate Values
The corporate values that your company adheres to could impact your employment rate. If potential employees, for
example, hear negative stories in the press about the way your company treats employees, this could affect your
recruitment process and what type of candidate you are able to hire. If your employees feel unappreciated or
unmotivated to work for your company, this could also affect employment in that these employees may leave for
other ventures, or your company's production levels could decrease and layoffs may need to take place.
◦ Seasonal Employment Fluctuations
According to the U.S. Bureau of Labor Statistics, seasonal fluctuations in certain industries can affect employment.
For example, if you own an agriculture or construction company, certain seasons may call for an increase in
employees as opposed to smaller necessary workforces during off-seasons. Also, the BLS states that June typically
sees large fluctuations in employment rates since droves of students enter the labor force after graduation.
WHO’S RESPONSIBLE FOR JOB
CREATION?
◦ Of course government creates jobs, just look at the size of its budget! The military is a source
of jobs, often a person’s first job. Every agency from Medicare, IRS and DHS to HHS and
Dept of Agriculture, are government-created jobs.
◦ Whenever government tries to create jobs, such as during the Great Depression and they
created and still create a slew of organizations - the WPA, the CCC and so on. The Tennessee
Valley Authority electrified much of the South starting in 1933, and it’s still there. They end up
with a huge bureaucracy and not as much work done as money spent. Government just has no
profit motive, no incentive to be economical. If they need more funds, they simply raise taxes.
Private businesses can’t “just raise prices” to cover up inefficiency.
JOB CREATION STRATEGIES?
• Promote digitally enabled services and solutions to all sectors of the economy. 
• Nurture global centers of expertise and ecosystems of highly skilled workers.
• Enable SMEs to participate in global value chains.
• Digitally empower the self-employed to participate in the so-called gig economy.
• Stimulate domestic consumption by broadening the scope of the formal economy and
promoting greater social and financial inclusion.

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