Question

Explain how businesses can deal with unemployment as one of their initiative to address socio-economic issues

Answer 1

Answer:

I know

Explanation:

How can business make a difference to the employment and skills crisis? A collection of almost 80 case studies points to three areas where business can take the lead:

Collaborate with education and training providers to help people develop the skills they really need in the world of work, and promote lifelong learning

Foster entrepreneurship by supporting start-ups and smaller enterprises

Connect talent to markets by closing the gap between jobseekers and employers

Answer 2

Answer:

The first and easiest way to help small businesses deal with unemployment is to hire individuals. Small business owners need to hire locals with the right expertise.

Explanation:

• Work with education and training providers to help people develop the skills they really need in the world of work and promote lifelong learning.
• Foster entrepreneurship by supporting start-ups and SMEs.
• Connect talent to the market by bridging the gap between job seekers and employers.
• Companies are expected to create as many employment opportunities as possible to help governments solve these financially burdensome problems.
• We also need to educate our employees about social issues and how to join the community to address these social issues.

Companies can donate their

• profits to charities.
• Second, lower their prices.
• And third, hire more staff.
• Finally, companies can prioritize the human capital of their employees.
• That is, pay more to your employees or provide training and support.

Hence, business can deal with unemployment by giving youth opportunities to fulfill their basic needs.

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