Today's Labour News

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employment thumb100 BusinessTech reports that Nathan Motjuwadi, HR executive at Capitec Bank, says that previous work experience and a lack of quality education continue to be barriers to entry for many of SA’s youth.  

In a recent Twitter Q&A with SA’s youth, President Cyril Ramaphosa urged businesses to employ young people even if they don’t have work experience and, according to Motjuwadi, corporates need to rethink the way they employ and the way they view skills.  “While there are initiatives in place to close the gap between education and the needs of businesses, corporates need to do more.  Job creation cannot be amplified without looking at how we train individuals so they can succeed in skilled, high paying jobs,” he noted.  Indicating that Capitec’s philosophy was to seek individuals with potential and then to develop these candidates to become future managers and leaders from within its employee base, Motjuwadi said the bank employed university graduates in a permanent role within the organisation, allowing them to acquire skills and experience in all the business units of the bank before placing them in a position where they could excel.  This included the finance, marketing, risk, IT, science, business development and credit departments, as well as the human resources division.  The bank has seen employee retention improve by approximately 3% since the introduction of its graduate development programme.

  • Read the full original of the report on the above at BusinessTech

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