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Preserving The Status Quo: Government Jobs In Sri Lanka In 2022

Quite recently, we addressed the question: What Jobs Are Better Than Government Jobs In Sri Lanka? The public sector in Sri Lanka has proven to be the backbone of an economy that is struggling to get back on its feet. The current budget therefore takes into consideration the importance of keeping the public servants satisfied. 

We acknowledge that economic prosperity is a topic that is best cemented according to the health of the private sector. While the Leisure and Hospitality Sector is facing an uphill battle trying to get back to its glory days, the IT sector is set to generate a much-needed USD 1.8 billion by 2022.

Budget 2022: Trust In The Public

The vitality of any economy are its citizens, and the mechanisms that cater to their well-being. There are AIA pension plans like in the private sector, but none more comprehensive and assured than the pension plans aligned with public service. 

The assurance of the state is one that is based on trust and confidence. Sri Lanka’s Budget 2021 was received with cautious optimism. A career is a long-lasting commitment and in the public sphere, being employed in the public sector is a rare accomplishment. The Budget 2021 therefore safeguarded the rights of ageing pensioners and extended the age of retirement of public servants to 65 years of age

Additionally the Agrahara Medical Insurance Scheme by the Government for public sector employees and pensioners offer a multitude of benefits that are covered under two tiers, namely: Silver and Gold. 

While the retirement scheme for public servants is funded by  Sri Lanka’s foreign earnings that come primarily from tourism, textiles, tea, rubber based and agriculture products, service sectors such as Information technology, financial services and transport have also increased their contributions substantially. 

While such industries are facing a great many challenges in 2021, the outlook is set to improve. What the Covid-19 Pandemic in Sri Lanka proved is that the economic burden placed on the public can be absorbed by the government thanks to a strong fiscal policy, and as a result of instances of fraud by private sector institutions.

Alternative Career Paths

Is the status quo facing a challenge? It is. While government jobs form the backbone of any developing nation, the private sector can be crowned as the heart. During the Covid-19 Pandemic, Sri Lanka faced insurmountable challenges with the Hospitality and Leisure sector facing losses and hotels cutting salaries of staff. The latter sector is one that sustains over 400,000 Sri Lankans.

The country is aiming at a period of recovery, and is looking at repositioning the island nation whilst also looking at potential travel corridors. Yet, change is in the air, with the Government of Sri Lanka focusing on the global transition to all things digital with its own currency.

The Digital Economy in Sri Lanka, estimated to be US$ 3.47 billion or 4.37 percent of GDP, is gradually emerging. Thanks to Sri Lanka’s close ties to China, the transition towards an economy that is truly digital is a reality. 

Moreover, this trend towards a prosperous IT sector hints at a great many vacancies that are apparent for domains that are in the fields of Artificial Intelligence, Machine Learning and Natural Language Processing. 

That said, the expansion of various industries and sectors are highlighting the requirement for government jobs. In short, more public servants will be needed to assist with the functioning of new public sectors that are yet to be.

Find Your Dream Job

DreamJobs.lk by Elegant Media is Sri Lanka’s leading destination to find the most suitable and matching jobs and vacancies, recently announced its acquisition of two popular job hunting websites, as part of its aggressive expansion to better cater to the growing and fast-evolving technology-driven job market; at the same time, strengthening its status as Sri Lanka’s largest online job-hunting portal and recruitment platform.

DreamJobs.lk has a database of over 300,000 registered job seekers, each with a specific skill set and in addition, partners with over 2,500 employers in order to showcase the best jobs for the best talent; making it the natural choice for job seekers of all backgrounds.

Continue reading 26 November 2021

What Jobs Are Better Than Government Jobs In Sri Lanka?

Traditionally, government jobs in Sri Lanka have been the most sought after in the public sector. Yet, there appears to be a change in the tide, with a newer generation having a different worldview compared to that of their parents. 

Having said that with changing times and the ever-evolving needs of a young and ambitious generation, lots of other professions have come to the fore. These jobs are included within the domains of business, IT, insurance, financial services, and many more. 

Before the Covid-19 Pandemic, Sri Lanka had a relatively stable employment landscape, but there was still much room for growth. A robust labour market can benefit all industries as long as it remains healthy and balanced just like education which has always flourished within its own social conditions.

There are several opportunities here; manufacturing being one example where small businesses thrive amongst amidst an expanding economy due not only access but also their ability to innovate in different markets via global trade and international connectivity.

The Focus Needs To Be On The Private Sector

Sri Lanka is a landlocked country, with the capital and principal cities situated at sea level. Within the limited amount of land that does exist, a huge amount is divided between the various districts and provinces. 

Without proper education, a job or a right to work in any of the available niches was out of the question for many people. Therefore, job ads posted by the public service have had to be targeted towards younger new-age employees. 

This confers upon the public sector the recognition of an enviable reputation in society. But, for those who are keen on future employment, the aspirations of the job market are quite high. Leveling of the playing field and economic reforms meet with enthusiasm. But the government is yet to address the role that government employees play in long term economic growth.

According to the Department of Census and Statistics, the Unemployment Rate in Sri Lanka decreased to 5.2% in the fourth quarter of 2020. The maximum rate of unemployment was 16.6% and minimum was 3.7%. 

The specter of unemployment may be something that has always blighted this island nation, and it is probably because of the lack of opportunity and stability in long term career prospects that has led to an increase in the amount of citizens opting to migrate to greener pastures. This is sure to lead to a brain drain that will affect all industries across the country. 

Many do contemplate the pursuit of long term careers, some even fantasise about it, but having been hit by the Covid-19 Pandemic many industries including the Leisure and Hospitality sectors have suffered greatly. 

But what's being done now with hiring in the public sector isn’t only about hiring graduates but all professionals whether it be lawyers, doctors, nurses, clerks, constables, teachers or engineers, etc. 

One of the most keenly debated issues in the public sector was the clear need to create jobs for people in the construction sector. This is a sector that has been particularly hard hit over the past couple of years thanks largely to the Covid-19 Pandemic. 

Below, let’s look at the 3 main aspects that Sri Lanka needs to look into when considering its future, which at present appears bleak.

The Youth Need Jobs

Sweden rests quite high in international surveys than almost any other country for providing high quality jobs to its youth. Sri Lanka not so, with low jobs numbers in the region and very uncertain job/employment/pay outlooks in the coming years.

There are many questions that need to be asked: Can we expect to see a surge in employment and skills in the 15-24 and 25-29 age brackets? To what extent do males compete with females for coveted technical and entrepreneurial roles? It’s an undeniable fact that the younger generation is increasingly playing a much bigger role in global economies, as they seek a brighter economic future.

Even among the cognitively comparable over-25 demographic, the ones with a higher degree of formal education have topped the job charts for nearly a decade. Facts on the ground suggest college graduates make up over 55% of the workforce, a number expected to rise in the next few years, given current trends.

Those prospects who enter the workforce after obtaining those higher degrees will certainly play an important role pushing the development of popular media, technology and further entrepreneurship.

Creating Revenue

Sri Lanka’s tourism industry employed nearly 500,000 of its citizens in 2019. As a direct result of this major source of revenue, the island has been able to accumulate a substantial amount of foreign exchange reserves. Having created an export-led economy, tourism provides tangible jobs even in remote corners of the island nation.

The trend towards greater reliance on tourism appears well supported by independent news reports. Tourism was heavily relied upon to help to reduce poverty. This narrative has changed with the island’s battered economy limping towards some semblance of hope with the Covid-19 Pandemic hopefully reaching a conclusion in 2022. 

While conventional industries have performed well, the export market was also battered. All of these factors have affected not only the private sector but also the public sector where government jobs are facing a great reduction thanks to the lack of investment and funds into the country.

Employment Lies In The IT Sector

With over 150,000 job losses where the youth has suffered vastly, Sri Lanka’s social systems are active only post-retirement. Yet instead of opting for low level jobs, and the comfort of government jobs, why is there no movement towards embracing new skills and finding employment in sectors that are self-sustainable.

We wrote about the importance of technology and the increase in IT jobs in the following blog post: Will Your Job Be Around In 5 Years? No industry has been protected from recent events except perhaps the IT sector. Sri Lanka’s traditional sectors of construction, tea, garments and tourism have all suffered.

With Sri Lanka embracing new and emerging technologies, the future would be brighter if there is an active move towards creating skilled workers in the field of IT and its domains of Artificial Intelligence, Machine Learning and Mobile App Development. 

Find Your Dream Job

DreamJobs.lk by Elegant Media is Sri Lanka’s leading destination to find the most suitable and matching jobs and vacancies, recently announced its acquisition of two popular job hunting websites, as part of its aggressive expansion to better cater to the growing and fast-evolving technology-driven job market; at the same time, strengthening its status as Sri Lanka’s largest online job-hunting portal and recruitment platform.

DreamJobs.lk has a database of over 300,000 registered job seekers, each with a specific skill set and in addition, partners with over 2,500 employers in order to showcase the best jobs for the best talent; making it the natural choice for job seekers of all backgrounds.

Continue reading 29 October 2021

Will Your Job Be Around In 5 Years?

Since the Covid-19 Pandemic began some 16 months ago, more than 190 million cases have been recorded globally and more than four million lives have been lost. This number continues to increase daily. 

As a direct result, traditional industries are suffering from a lack of sales, that is in turn directly linked to job losses. Retailers have been forced to lay off many employees in recent months as sales have declined. The Leisure and Hospitality Sector in Sri Lanka is reeling with many hotels closed for business. 

(more…)

Continue reading 30 August 2021

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