Role of Education in Improving Job Opportunities

Question: Explain how education plays an important role in improving job opportunities and holds significant value in the employability among youths in Australia. Answer: 1.0 Introduction Education is the process of gathering knowledge and information and harnessing skills and expertise, which critically lead to the development of the skills and the intellect level of human beings. Education is said to have a positive correlation with the employability among youths in Australia. The purpose of the research is to evaluate and estimate the reason for the unemployment level in Australia and study the correlation of education is raising employment prospect in Australia (Croucher Woelert, 2015). 1.1 Background of the Study The unemployment level in Australia rose to 6.3 %, which was the maximum percentage recorded in the last 13 years (Croucher Woelert, 2015). One of the probable causes of such unemployment level is estimated to be modest and low level education existing in the education system of Australia. The poor infrastructure in the education system has led to the decline in the employment level in Australia. The youths have been viewed to neglect education, in order to undertake part time jobs. The evaluations of journal and scholarly articles have shed critical light into the approach of the students towards education. More and more students tend to focus on part time job opportunities with very little focus and initiative towards a full time job and this infers lack of interest and approach completion necessary level of education. The rising trend of unemployment is noticed among men with no post school education, which has critical implication on the unemployment level in Australia (Marginso n, 2015). 1.2 Rationales of the Study Unemployment is a grave issue for any country and the economy and the growing trend of unemployment is an alarming sign for any economy of nay country (Davidson, 2014). It is estimated the unemployment level rose to 6.3 %, which was the highest recorded in the last 13 years (Croucher Woelert, 2015). According to surveys, about 55% of shortage of labor has been reported by companies and industries, which has impacted the output and growth of the economy of Australia (Croucher Woelert, 2015). It can be inferred that unemployment tends to reduce and have adverse implication on the economy of Australia. It also affects the human capital formation. The detrimental implications of unemployment can be traced from the economic development of the country. Therefore, the study focuses on the educational factors that play an important role in combating the evils of unemployment and raising employability among youths in Australia. 1.3 Aim of the research The aim of the research is to study and evaluate the employability among youths in Australia. 1.4 Research objectives The research objectives of the study are: To evaluate the impact of unemployment in Australia. To evaluate the role of educational factors in the employability level in Australia To identify the causes behind the growing unemployment in Australia To provide suitable recommendation for curbing unemployment in Australia 1.5 Research Questions The research questions are: How education factors play an important role in the employability level of Australia? How the growing unemployment affect the economy and total employability level in Australia? How suitable recommendation can be provided for curbing the unemployment in Australia? 1.6 Research Hypothesis H0: Education factors do not influence the employability level in Australia H1: Education factors do influence the employability level in Australia Variables used for measurement are employability index and professional skills. Employability index sheds critical light into the areas where employment is available and the skills where job opportunities are in abundance. Professional skills refer to facts as to what the skills are in abundance and labor is in abundance. Literature Review 2.1 Introduction It can be seen that the unemployment level is on the rise in Australia. The current state of the employment level is declining with the unemployment being recorded at 6.3%. The trend of education system has been inferred to be of low and substandard. The poor quality of the education system has contributed to the unemployment level in Australia. The tendency of the youth to be drifted from education to part time jobs has contributed to the declining status of the education system in Australia (Eichengreen Hatton, 2012). Lack of planning and acquiring fulfillment of full time jobs is another area of concern regarding unemployment level in Australia. It is of critical nature that the role of the education factors in employability among youths and students in Australia need to be evaluated and recognized. It is a very important aspect to be referred while understanding and assessing the unemployment situation in Australia. 2.2 Concept of education Education is the process of gathering and accumulation knowledge and skill on various subjects and topics (Milner et al. 2013). Education is a process of improving and enhancing the skill in order to develop the skills and competence of a person. Education could be theoretical and practical. Theoretical education is based conceptual and theory based knowledge comprising of laws and conceptual definitions that is available in textbooks and course books. Practical knowledge is an implication of theoretical knowledge (Smyth, 2013). It is the practical application of the theoretical knowledge gathered from text books and course books. In Australia every citizen does receive formal education. Every youth in Australia does receive primary education and senior secondary education, which is the basic level of education that an individual acquires (Hall et al. 2013). Most students and youth do undertake this basic level of education. The overlap and the deviation noticed in the vocational and training education. Most of the students tend to branch out of studies during the bachelors degree education and 20% of the youths of Australia are estimated to have undertaken bachelors degree education. 44% of the youths are seen to undertake certificate 3 and 4 education. The diffusion is seen in advance diploma studies where 35% of the students undertake diploma studies (Eichengreen Hatton, 2012). The statistical data show a sharp and steep decline in the masters and doctorate education. It can be inferred that higher the qualification and degree in education, the better the job opportunity for an individual. The relationship between education qualifications and job opportunities share a positive correlation. Therefore, the role of education is very important in employability among youths in Australia. 2.3 Concept of unemployment The concept of unemployment is described as a situation when people who are unwillingly not able to obtain employment. It is an adverse situation for an economy (Davidson, 2014). Unemployment tends to affect the human capital formation. It is a situation, which affects the economy of a country and also the economic development of a country. In Australia, the scale of unemployment has been escalating at a high scale, with the rate being observed at 6.3% (Croucher Woelert, 2015). This is the highest rate that has been observed in Australia. In Australia, unemployment has been described as a situation if the person has not worked for one hour in the past week despite looking for a prospective job opportunity. People who working in the black economy and are not seeking jobs are excluded from such definition. Unemployment has been nagging problem for Australia with low level of education and lack of education being the prime cause for this result (Carvalho, 2015). 2.4 Impact of unemployment and the significance of education in reducing unemployment The evils of unemployment are experienced by the economy of the country and the lives of citizens are severely hampered by unemployment. Unemployment has a scarring effect among youths ranging between 15 and 39 (Qi, X et al. 2015). The shortage of labor and the scarcity of skilled labor is present in most industries and sectors in Australia. The application of higher education and education factors play an important role in eliminating unemployment level in Australia. Education is importance for enhancing job opportunities for people in Australia (Carvalho, 2015).From the literature review, it can be seen that the null hypothesis is not applicable and void, while the alternative hypothesis is true and signifies its relevance in the research topic. Research Methodology This section of the research will focus on the research methodologies that are used to get an accurate and conclusive result that is proposed for the study. Adopting appropriate and correct research methods are required to derive appropriate and correct results (Bhandari Blumenthal, 2013). 3.1 Research outlines For the purpose of conducting the research, the research concepts and methods like positivism research philosophy, descriptive research approach and deductive research approach primary research data collection and secondary research data collection are used. During the collection of data, both qualitative and quantitative techniques are used for deriving and obtaining correct and true data by using students and youths in Australia 3.2 Data Collection Methods During the data collection process, both the primary and secondary data will be used. During the primary research collection process, it will be inferred that surveys and questionnaires will be provided to students and youths in Australia to get an idea about the education structure in Australia and the role of education factors in the employability in Australia. On the other hand, the application and the utility of quantitative technique will lend a cohesive and comprehensive in the unemployment level and the impact of such evil (Smyth, 2013). The use of secondary source of data in the research will include the use of scholarly journals and articles on the research topic and government websites for obtaining and deriving factual data on the topic. 3.3 Data Analysis For the purpose of conducting the research and interpreting the data, two methods are used. These two methods used are statistical analysis and case study analysis. The quantitative technique utilizes statistical analysis, in which statistical calculations like mean, median and mode are used for estimating a conclusive outcome. For qualitative purpose, case study analysis is used in which, observations and inferences relating to the research topic is derived from different case studies. 3.4 Activity Chart [Refer to appendix] The research outcome of this research study is to highlight the fact that education plays an important role in improving job opportunities and holds significant value in the employability among youths in Australia. The research has been conducted and undertaken to highlight the value and importance of education in reducing unemployment and increasing employability chances. It has been established in the research that higher the education qualification, the higher the chances of employment. Reference List Bhandari, R., Blumenthal, P. (2013). International students and global mobility in higher education: National trends and new directions.International Studies,1(11), 316-317. Carvalho, P. (2015).Youth Unemployment in Australia. Croucher, G., Woelert, P. (2015). 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