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Dr. Kiarie
SBME
Employability
Most of the employers will invest in the development of the human capital in their
company with the aim of achieving cost savings while improving their performance of their
firms. Over the years human capital has always been one the essential elements critical to the
boosting company performance. It is therefore essential that employers consider the productivity
as well as the sustainability of their employees to ensure they are competitive. Human capital in
the most very general terms refers to the development that involves education, training, and
professional initiatives that improve employee skills, performance, values, and abilities that all
improve the performance of employees and the company at large. This paper examines
employability from an employers’ perspective, Dusseldorf’s labor market and its development,
the two main approaches to employability and their application at Helpdesk and finally makes
Employability in the perspective of the employer refers to the core skills that every job
needs. These are the skills that make graduates employable in their areas of specification. In most
cases, employment managers and human resource managers will be looking for these skills in
graduates seeking employment. They probably include soft skills that are essential in helping
someone work better with other employees within an organizational setup. These skills enable
one to have a better approach when it comes to solving problems with the capability of fitting in
any working environment (Husain et al. 2010). They similarly encompass the professional skills
that determine the success of an individual in the workplace. Such skills are also transferable in
the sense that one can apply them across different industries of the labor market. In determining
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the employability of graduates, employers in their perspective will focus on the two major skills
Dusseldorf enjoys a very dynamic and open labor market. In North Rhine-Westphalia, the
unemployment rate in late 2016 stood at 7.4 percent that was 695, 833 people. The city is also
welcoming to foreigners from other states and countries as they have higher chances of getting
hired especially in the fields of trade, financial, automotive manufacturing, information and
communication technology, and energy. However, most of the job seekers in the area are
interested in the medical and healthcare, building, tax advice, transportation, and architecture.
The labor market in Germany is far much in better shape compared to most of its western
neighbors. For instance, in the past one decade, the country has seen a steady decline in its labor
market in since 2005. The labor markets of German are generally considered to be stable, decent
Population characteristics have a significant impact on the nature and development of the
labor market. An increase in either the young or older population means a lot of people will end
up in the labor market. Population growth leads to a transition in the labor market of a place with
this leading to increased pressure on land, and thus people move from the traditional reciprocal
type of labor to a commoditized one. People shift from subsistence to wage labor. Another
demographic factor affecting the nature of the labor market is intensity and age of marriage
which impact the level of female participation in the labor market. However, in the case of
Dusseldorf city, the need for commoditized labor increased not as a result of increased
population or transitions in the demographic conditions of the city but as a result of exogenous
demand for workforce. The rate of unemployment among youths in Dusseldorf at the moment
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stands at 3.3 percent. This group includes a population of people under the age of 25 years.
However, in the education market, it is more stable due to its strong economic power (Ruoff &
Bea, 2016). There is almost 6.8 percent of youths between the age of 15 and 25 that receive
money from the ARGE, a German Job Center. However, there is a problem with this as around
33 percent of those who receive support from ARGE have lower education levels with no
degrees. For this group of people, it is difficult to get jobs. This, therefore, means that the
demand for professionally qualified and educated people will be very high in the few coming
years while the need for the less educated will gradually go down. Concerning gender, statistics
show that 58.5 percent of the unemployed are under the age of 25 are men. It means that most of
the women in Dusseldorf are not affected by the unemployment cases in the city. Compared to
other cities in the country such as Koln, Bochum, Krefeld and many others, Dusseldorf’s
situation is far much stable. The unemployed number of youth is constant in the city. Despite the
city being very attractive regarding lifestyle and the quality of life, and economy, there is a need
for the government to come up with strategies that will deal with the unemployment rates among
the youth.
The most commonly used approaches to employability are work first, and the human
capital development approaches. Work First approach mainly focuses on compulsory job search
as well as short-term interventions aimed at facilitating a quicker return to work for those that
had their work interrupted at some point. The human capital development concept, on the other
hand, refers to long-term initiatives tailored at personal development while promoting skills of
individuals over an extended period. The table below is a grid analysis of the two main
approaches to employability.
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Development Approach
Rationale Objectives Objectives
long-term contribution to
job search
Time perspective Short term in relation to Medium to long term both in
duration of benefit
Employability Functional/ market Fostering employability
employability
Analysis of HelpCheck
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This analysis will focus on Helpcheck. It is a legal company founded in 2016. It focuses
on making its customers aware of all legal rights relating to their insurance claims. With this
knowledge, customers can get their due refunds while protecting them from fraudulent insurance
scams. Through their platform, individuals can digitally review their insurance contracts to get
legal advice on the same. The company can use the human development approach to
employability. It is the best approach considering that it allows the company to make
partnerships with the colleges and other institutions for the long-term development of skills of
students.
employer.
From the perspective of the employer, that is Helpcheck has some alternatives to improve
the employability of graduates. One of these strategies would be a partnership with local
universities aimed at empowering students with the required technology to improve their
learning experience. It will help in promoting innovation among students while they are still in
school. The company should also make efforts to influence the curricula used in colleges and
universities. The business environment in the outside world is changing on a daily basis, and this
makes it necessary for students especially those in IT and computer related courses to be updated
on new trends in the labor market. It will equip them with the relevant skills in the market,
therefore, improving their employability after they leave colleges. Most of the employers in the
market acknowledge that the education system is incapable of providing students with work-
related skills that increase the mismatch between job seekers and what employers look for in
employees. The involvement of companies in the curricula will, therefore, fill the gap in the
skills required in the job market. Partnerships like this expose students to on job experience that
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make them more employable because most companies prefer to hire students that have been
exposed to their systems and operations before. It will improve both their professional and
Conclusion
There is no doubt that human capital is the most critical aspect to the success of any
business in the current world. Employers today invest significant amounts of money in the
development of the human resources with the aim of improving their performance and making
cost savings in a competitive business environment. Professional skills are the most desirable
skills today as opposed to technical skills that can be quickly learned. Employers are looking for
efficient individuals in for instance decision making, problem-solving, quick learners as these
skills are hard to learn because they are inherent in character and personality. The most common
approaches to employability are the Work First and human capital development approach. This
paper used the case of Helpcheck in using the human capital development approach in improving
the employability of graduates through partnerships with colleges and other institutions. It is
worth noting that it is only through partnerships between colleges and employer corporations that
References
https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=375541667
Husain, M. Y., Mokhtar, S. B., Ahmad, A. A., & Mustapha, R. (2010). Importance of
Ruoff, & Bea. (2016). Labour market developments in Germany: Tales of decency and stability.