Higher Education: the primary antidote to unemployment

With Boston City Campus & Business College now open for mid-year registrations for diplomas and degrees, Boston’s Marketing Manager, Natalie Rabson, uses the opportunity to reflect on how attaining a higher education can help address the issue of unemployment, as well as the goal of achieving better salaries.  

“According to labour market reports, the retrenchment rate is now at a 10-year high – while the unemployment rate increased from 22.5 percent in 2008 to the current 26.7 percent in the first quarter of 2018.  Then there’s the recent news that youth unemployment had soared from 32.7 percent to 36.1 percent in the six years from 2008 to 2014,” says Rabson.

For Rabson, the importance of attaining a higher education has a twofold significance that can both directly and indirectly address these issues of unemployment and retrenchment.  

Firstly, the relevance of a vibrant higher education sector is recognised internationally and investment therein, whether through individuals who take up further studies or through government funding, promotes economic prosperity and greater employment. Secondly, we need to remind ourselves just how important a relevant qualification is when looking for work or merely trying to stay secure in one’s current job.  Unemployment and retrenchment statistics are showing us a rather desperate reality, and especially for the unemployed, it’s time to step up,” adds Rabson.

“You should waste no time in assessing your situation.  Start by asking: Am I on the right career path?  Are there areas in my specific skills set where I need to improve?  Do I have the proper qualifications and tools to apply for a job with confidence?  Is a matric certificate, diploma or degree enough in our highly competitive market?  And, where do I want to be in a few years from now?  Only after addressing these questions should one make the decision on what to do next and how to do it best,” says Rabson.