Can entrepreneurs tackle Nam joblessness
Unemployment in the Namibia has been on the increase since early 2000 but panic buttons were pressed five years ago.
This situation may have been caused by fiscal conditions, lack of new companies, skills shortages, mechanisation and to a lesser extend population increase.
Though a number of Namibians are unemployed, there has been a record of some highly skilled jobs remaining unfilled for months due to lack of adequate manpower to fill the position.
The global economic crisis and the subsequent recession alone accounted for a sizeable number of job losses. The situation has affected many individuals and families as well as the nation’s economy.
Does this mean there is no hope for Namibia? Oh no, there are a lot of things that can be done to bring the situation to a complete halt. Namibian entrepreneurs can be of a great help if there is favourable government policy for their thriving.
Now, let’s see how the state of joblessness in the country can be tackled and how entrepreneurs and small businesses; the pinnacle of Namibia’s job creators can make joblessness a story of the past. The state of joblessness in the country calls for the collaborative efforts of the government and the citizens. For the sake of the category of jobs that remain vacant for a longer time due to lack of skilled manpower, the youth should be encouraged to pursue courses in those disciplines. A big example is in engineering and medicine.
The government can also make provisions for money creation and entrepreneurship to be taught in schools. Those who didn’t succeed as entrepreneurs will become more useful to themselves, their families and the economy. The government can do this through favourable policies. USA is one country we can take notes from. The Obama administration has provided a new temporary tax credit to companies that create jobs. The tax credit will benefit all companies creating net new jobs even those struggling to make a profit.
It has also raised the small business investment expensing limit to US$250 000. This provision will encourage all firms to pursue investment in the coming months but will particularly benefit small firms. That’s why they will eliminate all capital gains taxes on investments made in small and start-up businesses.
This will definitely favour entrepreneurs as well as job creation. These incentives will provide a good breeding ground for the springing up of new industries which will absorb many unemployed. Entrepreneurs can solve the employment crisis in the country. Experts believe that irrespective of the precarious job situation in the country, entrepreneurship can solve the problem if only Namibians would tap from that resources. Entrepreneurship act like the play ground and implementing stage of academic knowledge
Invest in and mentor young entrepreneurs- in favour of the government since one person start a company, he/she will employ one and reduce dependency.
The number one solution to the disheartening state of unemployment in the Namibia is through entrepreneurship. A look at the recent government jobs report will make it glaring clear to you. If the entrepreneurs are supported and given incentives that will favour establishment of more industries and businesses, the Namibian unemployment situation will soon be a thing of the past.
Namibian entrepreneurs are actually making a great impact in the job sector but there are still much more to be done to encourage more entrepreneurship and small business start-ups. The government has done well to incorporate entrepreneurship in schools to re-shape minds of young Namibians. Businesses must make their hours of work flexible so as to allow the workers to upgrade their qualification even while in employment.
Teaching entrepreneurship both in school and out of school will no doubt encourage more youth to establish small businesses. With your collaboration, things can change for the better in the Namibia. Your contribution may be what the country needs to survive this irksome and ugly situation. We don’t have to blame the precarious state on the government and the system alone. Every Namibian can make a significant impact. We just have to explore all our innate potentials and stop pointing accusing fingers!
What do you think? Drop us your views.