Types of Employees based on Level of Engagement
An organisation is a collection of individuals who come together and work towards the realisation of a common objective. Larger the number of people working together, larger is the size of the organisation and vice-versa. However, for an organisation to flourish it is important for the employees to operate at their full potential, which unfortunately […]
Role of HR Consulting in Talent Acquisition and Management
In today’s scenario, talent acquisition and management has emerged as a key strategic process in an organization. Though there is a better availability of workforce in the market than ever before, yet the challenge to acquire the right talent still persists for any organization, worldwide. This is essential to achieve the strategic objectives and ensure […]
Features of Participative Management
Employees have always been bossed around their managers and told what they are supposed to do. They never had the authority to decide things in the company. Gradually, times are changing and employees are encouraged to participate in organization’s decision making process. Management motivates them to come up with ideas and suggestions that can make […]
How to Combat Stress, Burnout, Loneliness, and Low Productivity at the Workplace
The Problems of Demanding Workplaces Contemporary workplaces are very demanding in terms of the physical and mental toll they extract from the employees. With ever-increasing competition among businesses and scarce resources, organizations demand more from the employees who perceive it as asking too much for too less. Also, longer working hours, the need to be […]
Group Behavior – In Organizational Context
In an organizational context, groupthink and group behavior are important concepts as they determine the cohesiveness and coherence of the organizational culture and organizational communication. For instance, unless the HRD function communicates the policies clearly and cogently, the employees would not participate and comply with them wholeheartedly. Hence, molding group behavior is important for organizations. […]
Nurturing Youth Entrepreneurship can be highly beneficial for the society, economy as well as for the progress of the nation besides the individual’s self development and achievement too.
In the current times where the nations are transitioning through tough times and adapting to globalisation, the hope for the youth lies more in becoming job creators rather than job seekers.
Promoting Youth Entrepreneurship helps solve a lot of problems in the society too by ensuring that the marginalised youth is brought to the main stream through providing them with self employment opportunities.
Most nations have recognised this fact and are providing some focus and thought into building programs conducive for Youth Entrepreneurship and providing the right environment for YE (Youth Entrepreneurship) to evolve. However nurturing YE calls for a strategic plan at national levels.
Planning to promoting YE has got to be a multi pronged strategy of building awareness, providing role models, encouraging entrepreneurial culture, introducing Entrepreneurial developmental programmes at school and college levels as well as providing for policy framework and mentorship to encourage YE and start up businesses etc.
YE building program calls for long term approach along with short term action plans too.
At a global level YEN - Youth Employment Network established up by consortium of UN, ILO & World bank works with various Governments to promote Youth Employment opportunities, promote Youth Entrepreneurship and Enterprise Building. YEN engages the various countries and their Governments by providing policy advice, help build pilot projects, imparting training and help create platforms for training the Youth.
From a Youth Entrepreneurship perspective YEN has strategically identified four areas of focus that needs to be adapted and focussed upon by all the nations. Employability, Equal opportunities for Man and Women, Entrepreneurship and Employment creation. The guideline for an implementation plan comes from addressing Employability issue and this would be the starting point of Youth Entrepreneurship building program at National level.
Strategy to develop Youth Entrepreneurship needs to first address two main areas of creating awareness and building a suitable environment as well as culture and secondly of building Entrepreneurship skill and training as a part of education at High school and University levels.
Introducing Youth Entrepreneurship awareness building program at School and college levels can ignite young minds to understand and wake up to unlimited and undreamt of possibilities that they have in becoming self employed entrepreneurs. The awareness building program should introduce them to Entrepreneurship as an option of building their carrier, provide an understanding of business opportunities, introduce concept of business, business economics, skills and abilities required for managing and growing a business, what are the personal skills and leadership qualities they need to develop to be successful entrepreneurs etc.
Once they have an idea of the opportunities that are available to them and they get a general idea of how to go about in a business environment, it is likely that the hidden potential amongst the Youth will start getting a chance to express itself and they start dreaming of becoming entrepreneurs, in which case they are likely to chart out their path for future studies that will help them equip themselves to becoming good entrepreneurs and business managers.
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