[global hr forum 2014] youth start-ups & job policies (2)
DESCRIPTION
Between 2004 and 2013, youth employment rate in Korea has decreased from 45.1% to 39.7%. Its main reason was a drastic decline of employment in the age of early 20s. The government has been developing various types of solutions, especially of which encourage youth start-ups, as it is very likely to lower the youth unemployment rate and promote job-oriented growth. Based on this background, this session will cover the successful cases of foreign governments’ job creation policies and possible solutions for current job market issues in Korea.TRANSCRIPT
GLOBAL HR FORUM, DR. FERIDUN HAMDULLAHPUR
SEOUL, KOREA, NOVEMBER 5 2014
YOUTH START-UPS AND
JOB POLICIES
INNOVATION ACCELERATES
SOCIETY’S CAPACITY FOR
REVITALIZATION AND
GROWTH.
THE TORONTO STAR, APRIL 9, 2013
YOUTH UNEMPLOYMENT IN ADVANCED ECONOMIES
Youth unemployment (ages 15-24) across OECD in Q2, 2014:
Projected GDP Annual Growth Rates across OECD in 2014:
GDP GROWTH RATES IN ADVANCED ECONOMIES
EXISTING FIRMS ARE NET JOB
DESTROYERS, LOSING 1 MILLION JOBS NET
COMBINED PER YEAR.
BY CONTRAST, IN THEIR FIRST YEAR, NEW
FIRMS ADD AN AVERAGE OF 3 MILLION JOBS.
EWING MARION KAUFFMAN FOUNDATION
2010
48% OF THE UNIVERSITY OF WATERLOO’S 2013
INCOMING STUDENTS SEE THEMSELVES
STARTING A BUSINESS AFTER GRADUATION.
Entrepreneurship
One of the
world’s most
entrepreneurial
universities
Transformational
Research
Changing lives and
advancing industries
through high impact,
highly relevant research
Experiential Education
Transforming
education and
economies with
experiential learning
INNOVATION AT WATERLOO
ENTREPRENEURSHIP
Students
Velocity, Co-op, Conrad Centre
Researchers
IP Policy, WatCo
Top 20 Innovative Ecosystems
StartupGenome
CO-OP GRADUATES EMPLOYABILITY
WHAT CAN GOVERNMENT DO
• Enable policy
• Enhance stable funding
WATERLOO’S DNA