Performance Appraisal Biases
Managers commit mistakes while evaluating employees and their performance. Biases and judgment errors of various kinds may spoil the performance appraisal process. Bias here refers to inaccurate distortion of a measurement. These are: First Impression (primacy effect): Raters form an overall impression about the ratee on the basis of some particluar characteristics of the ratee […]
Role of Managers in Performance Management
The success of performance management practices in any organization depend upon the commitment and involvement of the different stakeholders like top management, line managers, employees and the HR specialists. Role of Top Managers in Performance Management The top managers play a lead in the entire process by setting trends for the lower rung and acting […]
Student Loans and the Rising Cost of Useless Degrees
The baby boomers were the first generation to truly experience affluence. However, they were also the first generation to truly experience stress and burnout. The boredom of working at the same jobs year after year had taken a toll on these people. They had a dream to give their children better lives than they got. […]
Some Reasons Why Managers Must Practice Vacation Planning
Planned Vacations Contemporary organizational theories talk about the need to reduce person dependence and ensure that the show goes on even in the absence of key resources. In this context, it is important for managers to actualize effective vacation planning as they deal with planned and unplanned vacations and time outs taken by their team […]
Employee Layoffs – Handle Carefully
The term employee layoff is referred to as temporary separation of an employee from the employer. However, these days it is also used for permanent termination of an employee for business reasons. According to section 2 of the Industrial Disputes Act, 1947, the employee layoff is the failure, inability or refusal of an employer to […]
Youth is one of the prime and most important human resources of each and every nation. Providing growth opportunities, enabling and equipping the youth with skills required for acquiring professional qualifications as well as building entrepreneurial capabilities is one of the prime areas of focus of every country to harness the potential available. Building youth entrepreneurship has several benefits for the society and the youth too. Any initiative and implementation of action plan in this direction calls for policy directives from the government.
Governments of all countries have started focusing on Youth entrepreneurship in the recent years thanks to the research and study by the academician, NGOs and International Organizations. In all countries the Governments have realized the need for policy making in the field of Youth entrepreneurship with an aim to solve some of the unemployment problems amongst the youth, bring marginalized youth into the main stream and provide them with gainful avenues of employment as well as for the overall benefit and advancement of the society too. The policy making in this area is still in its nascent stages and is evolving.
Drawing up Youth Entrepreneurship policy calls for collaboration and integration from multiple stake holders in the society, Government as well as other sectors including NGOs, Education, Labour and Youth Departments. The youth policy would have to be drawn up taking into account the social, financial, political as well as micro and macroeconomic policies with both short term as well as long term perspectives. Political will and initiative at all levels of the Government, Industry as well as society can go a long way in providing the right impetus for the growth of Youth Entrepreneurship in the country.
Needless to mention that the Youth Entrepreneurship policy making has to originate at the national level and by consensus. The policy directives and initiatives should then be driven down to the regional and local levels. Drawing up national policy on Youth Entrepreneurship would need to take into consideration the international organization’s outlook and policies concerning the Youth and align with the same as far as possible. Keeping in line with ILO’s policy guidelines concerning Youth Entrepreneurship and employment, in country policies can aim to create increased employment opportunities as well as increase the capability of the youth and provide direction for the growth of Youth Power.
Youth Entrepreneurial policy would be unique for each and every country as its socio- economic framework and society are different in each case would determine the kind of policy the country would need to adopt. Every society and youth would have its unique features and characteristics besides the economic factors that would have to be taken into account to draw up policy measures as applicable to the current times as well as with long term perspective.
Policy making in Youth Entrepreneurship calls for understanding the current dynamics, the emerging scenarios in the society and other related fields including economy, industry, education etc, understanding problems amongst the youth in all sections of society as well as futuristic trends and developing suitable interventions to address the problems as well as to embark on a comprehensive and futuristic policy.
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