• Title/Summary/Keyword: lack of labor

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The Impact of COVID-19 on Bangladesh's Economy: A Focus on Graduate Employability

  • SHAHRIAR, Mohammad Shibli;ISLAM, K.M. Anwarul;ZAYED, Nurul Mohammad;HASAN, K.B.M. Rajibul;RAISA, Tahsin Sharmila
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.3
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    • pp.1395-1403
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    • 2021
  • The COVID-19 pandemic is having an adverse impact on Bangladesh's economy by affecting millions of people's life and hampering their income sources. The outbreak of COVID-19 has created more pressure on the labor market. The pandemic reduces employment opportunities as most of the companies have stopped their recruitment process to cut their operational costs, which increases the rate of graduate unemployment in Bangladesh. Hence, this study aims to investigate the impact of COVID-19 on graduate employability in Bangladesh that adversely affects the income of families and eventually the nation's economy. A literature review has been conducted from secondary sources to evaluate the impact, which shows that the rate of graduate unemployment increased from 47% to 58% in 2020 with an expected annual loss estimated at $53 million. Findings also reveal that the prime reasons for graduate employability are low demand and huge supply of graduates in the labor market, lack of professional skills of graduates, ineffective education system, etc. The study suggests that the government of Bangladesh should develop some policies to overcome this problem such as ensuring employment subsidies, implementing skills development programs, improving labor market flexibility, initiating credit programs for generating employment, and developing entrepreneurial ecosystems in Bangladesh.

The Role of Labour Inspectorates in Tackling the Psychosocial Risks at Work in Europe: Problems and Perspectives

  • Toukas, Dimitrios;Delichas, Miltiadis;Toufekoula, Chryssoula;Spyrouli, Anastasia
    • Safety and Health at Work
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    • v.6 no.4
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    • pp.263-267
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    • 2015
  • Significant changes in the past year have taken place in the world of work that are bringing new challenges with regard to employee safety and health. These changes have led to emerging psychosocial risks (PSRs) at work. The risks are primarily linked to how work is designed, organized, and managed, and to the economic and social frame of work. These factors have increased the level of work-related stress and can lead to serious deterioration in mental and physical health. In tackling PSRs, the European labor inspectorates can have an important role by enforcing preventive and/or corrective interventions in the content and context of work. However, to improve working conditions, unilateral interventions in the context and content of work are insufficient and require adopting a common strategy to tackle PSRs, based on a holistic approach. The implementation of a common strategy by the European Labor Inspectorate for tackling PSRs is restricted by the lack of a common legislative frame with regard to PSR evaluation and management, the different levels of labor inspectors' training, and the different levels of employees' and employers' health and safety culture.

Gender Wage Gap in Rural Labour Markets: An Empirical Study of North East India

  • SINGH, Salam Prakash;NINGTHOUJAM, Yaiphaba
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.6
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    • pp.151-158
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    • 2022
  • Even after three decades of economic reforms, India's labor market is characterized by stark inter-gender differences in terms of both participation rate and working time. Identification of the causes is necessary to remove the disparity and unequal sharing of economic opportunities to make way for women's empowerment. This research attempts in that direction, examining the prevalence of these inequities in rural areas of North-East Indian states using unit-level data from the 2017-18 Periodic Labour Force Survey (PLFS). The methodology for the estimation here is based on Blinder- Oaxaca decomposition method after correcting for sample bias forwarded by Heckman. The analysis shows that in both labor force participation and the wage gap, the females in the region lag behind their male counterparts by a huge margin. Further, the analysis shows that one of the main factors leading to the difference is the disparities in human capital assets. On top of female educational enrollment being low, there is also a huge lack of higher educational attainment, while males have accomplished much better in both the parameters. Moreover, the presence of social stigma against women working and discrimination put the female labor outcomes in a gloomy state.

A Study on Productivity of Foreign Labors in Domestic Apartment Construction Site -Focused on Evaluation of Productivity and Productivity Impediment Factor- (건설현장에서 외국인 노동자의 생산성에 관한 연구 -생산성 및 생산성 저해인자 평가를 중심으로-)

  • Choi, Hee-Bok;Shin, Youn-Seuk;Kang, Kyung-In
    • Journal of the Korea Institute of Building Construction
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    • v.5 no.1 s.15
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    • pp.75-79
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    • 2005
  • The Korean society faces a new issue of accepting foreign workers. Foreign labors in construction industry reached about 400,000 recently. Thus they have become one of the essential resources to fill up insufficient labor supplies in construction industry. And it is important how to manage foreign labors efficiently. However there are few studies focused on this subject. Purpose of this study is to research productivity of foreign labors in the domestic construction site. So investigate the value of foreign labors. Also this study forecast elements effect on foreign labors productivity in the construction industry. And research what element is more important to improve productivity and what element is more difficult to manage. In the result, this study is expected to prospect effective method of foreign labor's management in the domestic construction industry, so contribute to utilize foreign labors more efficiently.

The Study on Imbalance for Labor Supply and Demand in Electrical Construction Business : Simulating the Supply and Demand Gap of Technical Engineer (전기공사업 노동시장의 인력수급 불균형에 관한 연구: 기술·기능인력의 수급격차에 대한 시뮬레이션)

  • Park, Houng-Hee
    • Korean System Dynamics Review
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    • v.14 no.3
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    • pp.105-134
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    • 2013
  • Electrical construction business has public and professional characters. It may require appropriate interventions of the government because these business activities stand for not only profit-seeking competition, but also supplies of one of the key functions in our society. In other words, public benefit and private benefit are still in existence. The government therefore considers such an aspect of public importance of the business sector and needs to plan to adjust technical and engineering manpower of this market. This study focuses on the imbalance for labor supply and demand of technical engineer in electrical construction business. A system dynamics analysis is applied to understand and simulate the imbalance as a soft approach. It has the merit of causal loop diagram to alleviate the limitation of data lack problem. We find that excess demand is expected from 2010 to 2011, and excess supply is predicted from 2012 to 2021 about the manpower of technical engineer. It shows considerable disagreement between the supply and demand of human resource. So we suggest that it is strong necessity to construct statistics infrastructure for a manpower supply and demand plan.

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The relation between occupational accidents and economic growth: Evidence from Korea

  • Lee, Jaehee;Choi, Clara Jungwon;Lim, Jin-Seok;Park, Jinbaek
    • International Journal of Advanced Culture Technology
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    • v.10 no.3
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    • pp.25-32
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    • 2022
  • This study analyzes the impact of occupational accidents on economic growth and labor productivty losses in Korea between January 2008 and July 2018, using the Vector Error-Correction Model (VECM). According to the analysis, the occurrence of occupational accidents was revealed to reduce the number of employed workers and also hinder economic growth. This can be reinterpreted as the reduction of occupational accidents does not cause labor losses in the industry, rather may induce economic growth. Also, the findings discovered that an increase in the number of workers may lead to increase in the probability of occupational accidents in the short term. This suggests that greater number of work-related accidents may occur during the early stages- due to new employees' lack of knowledge related to safety at workplace.

Work Time Analysis of Rebar Fabrication Method in Beam Construction. (보 철근공사 조립공법별 작업시간분석)

  • Kim, Ju-Yong;Kim, Min-Ku;Kim, Young-Kil;Kim, Gwang-Hee
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2019.11a
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    • pp.8-9
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    • 2019
  • The rebar work is a labor intensive construction work with a high labor cost ratio. It is difficult to manage the productivity, construction time, and safety of rebar work. The problem of productivity decreased in rebar construction is due to a lack of workers according to the aged workers. Partial prefabrication rebar can be an alternative solution to productivity decreased in rebar work. The characteristic of partial prefabrication method is that time consuming component such as stirrup of beam assemble in factory and others assemble in site. Therefore, in this study, the time required for each rebar assembly method is measured and analyzed to confirm the possibility of productivity improvement.

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Development of a Pellet Seed Machine for Sesame (I) - Prototype and Its Performance - (참깨 과립종자 제조기 개발 (I) - 시작기 개발과 성능평가 -)

  • 이중용
    • Journal of Biosystems Engineering
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    • v.22 no.2
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    • pp.163-176
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    • 1997
  • Sesame was one of the economical crops in Korea. However, cultivation area of sesame has been decreasing rapidly due to the lack of mechanization for this crop and the opening of agricultural product market. Sesame seed is so small that ordinary seeder can not seed properly. In rural practice, farmers seed sesame with hand and do thinning after shoot emerges. Seeding and thinning in sesame cultivation take more than 40% of total labor To reduce labor in seeding and thinning, a pellet seed machine for sesame has been developed. The pellet seed machine is very simple in structure. It utilizes the chemical reaction between alginate solution and $CaCl_2$. Two material forms a membrane when they meet The uniqueness of the pellet seed machine for sesame were 1) a counter rotating roller for metering the mixture of activated carbon and alginate and 2) swinging plate for submerging seed into the mixture. The prototype machine can produce 30, 000 pellets per hour and costs ₩6, 891 per 1 km sesame.

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A Study on the Job Training in Small and Medium Firms (중소기업(中小企業)의 직장훈련(職場訓練)에 관한 연구(硏究))

  • Shin, In-Soo
    • Korean Business Review
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    • v.9
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    • pp.99-121
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    • 1996
  • On the job training is useful : a part of on the job training has increased the marginal productivity of future and rate of wage. Investment in a human capital depends on character of investment and market conditions. The innovation role of small and medium firms has recently received increasing attention in newly industrializing countries as they attempt to transform their industries from labor intensive to technology intensive. It also suggests some implications to the small and medium firms' strategies and public policies accelerating research and development. Lack of qualified scientists and engineers often inhibits the small and medium firms' ability to access and assimilate external technical information. Such technical personnel are particularly scarce in NICs. Therefore, how to employ these technical staff should be an important issue for small and medium firms seeking to acquire distinctive competences. Small and medium firms must invest further education and training to its labor.

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The change of Industrial Human Resource Structure in Korea Economy and the Corresponding Measures of Casting Industry Field (한국 산업인력구조의 변화와 주조산업계 대응방안)

  • Lee, Seung-Jae;Cho, In-Sung
    • Journal of Korea Foundry Society
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    • v.38 no.2
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    • pp.27-31
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    • 2018
  • The lack of industrial manpower that Korean companies have been suffering in 21st century is largely responsible for the low-fertility phenomenon. This research suggests an alternative solution with a program for fostering foreign laborers with technical skills in casting industry. Industrial manpower growth is feasible through accepting migrants who have had official education on the fundamental industrial technologies provided by Korean government. These technically trained migrants who can keep economical self-perpetuating ability are can help to effectively address the problem of the declining working-age population and the decreasing potential growth rate in Korea.