If you are hiring for a vacancy get ready to roll up your sleeves and get down and dirty as you sift through piles of CV’s manually. Similarly for the job seeker the search for employment can be an energy sapping one with little long-term reward or benefit. And here’s why.
When a company has a vacancy to fill their success will depend on candidate reach. The wider the net is cast the greater the chance to find the perfect candidate. If it is a vacancy that is to be filled internally then the process is simpler.
Information can be passed onto individuals through memos, use of information boards or e-mail alerting employees of available positions. No stress here. Internal employees show interest and there is no need to ask them to submit their CV as their information is tucked neatly away in the human resources’ department filing cabinets.
Allowing for quick and easy access when role eligibility is assessed. Unfortunately though not all vacancies can be filled internally and therefore external channels to engage job seekers and alert them of roles is required by organizations. Commence manual labour! Its crucial companies disseminate information about vacancies effectively.
Newspapers are a mainstay in our labour market to effect this. But we are not a dictatorship with only one government sanctioned newspaper. We have multiple news agencies that deliver information to the nation on a daily.
Herein begins the headache for recruiters. They now have to liaise with not one but multiple papers as they don’t know which paper their preferred candidate are reading. So they advertise with all of them. And therefore have back-and-fourths with a great deal of people to get one advert out. Living the dream? I think not. Not all companies have got a massive vacancy advertising budget though.
Leaving them to rack their heads deciding which exact paper they believe their star candidate is reading – and only deal with that paper. Great, less labour for all! Recruiter workload is significantly decreased but the downside is the company suffers as reach is also reduced. There is no telling what the pull factor is with newspaper readership. If the company fails to guess correctly their efforts to find a suitable candidate are greatly hampered.
The process is just as haphazard for the job seeker. They too have the unenviable task of picking which paper they purchase in order to find their dream job. If they pick only one a week they may miss out on a perfect opportunity.
And so, budget permitting, they have to pick up a multitude of papers and scour them for jobs. Laborious right? Wouldn’t it be great if recruiters could ensure information about their vacancies was getting to the right people without so much sweat? If job seekers could have information come to them and not the other way round? Like through pigeon holes, similar to the ones internal candidates have in companies?
Well hold that thought because there is something that puts the pigeon hole to shame! Electronic recruitment software that reduces the current labour intensive processes of recruitment advertising. Online job boards and in particular, Careerpool Botswana. Armed with a series of functions that can melt the hearts of recruiter and job seeker alike.
Careerpool is an online job board that advertises vacancies in companies for the consideration of potential employees that’s also has some very neat e-recruitment tools that help in the sorting of CV’s upon receiving them.
It literally removes the manual labour aspect of advertising roles and receiving of CV’s, ensuring that information is purposefully channeled to the right individuals. Companies around the world have seen it imperative to take advantage of these ICT tools and incorporate them into their holistic recruiting strategy.
Online job boards work better than the pigeon hole as they send information direct to smart devices that never leave our side. Job seekers no longer need to go door-to-door dropping off CV’s to companies that aren’t even hiring.
They can upload their CV’s to www.careerpoolbotswana.com from the comfort of their homes or air-conditioned internet café. Once part of the Careerpool CV database recruiters can search the database and discover suitable candidates.
A filling system on steroids that can be updated at any time by candidates wishing to keep their information current. Keyword search capabilities means recruiters can filter through CV’s quicker to find desirable candidates.
This applies also when using the site to receive applicant CV’s. Minimum requirements are entered into the search function and only those CV’s that meet requirements will be listed for the attention of the recruiter. No more staying late to sift through mountains of CV’s.
No more manual labour! Let technology do the work. It gets better for the recruiter. When they advertise on Careerpoolbotswana.com, the guess-work of where to advertise and why is completely removed as the site is purpose built for disseminating vacancy information. Job seekers, active or passive, know that to be the function of the platform and that is why they turn to it for specific information.
Target audience… reached. Truth be told jobseekers don’t even have to go to the site once they have uploaded their CV’s. This is because they receive job alerts an optional extra that ensures company vacancy advert are seen.
The site e-mails candidates in real-time when an advert posted on the site pertains to the individuals particular field of expertise – as listed by them. This is 21st century ICT solutions available now in Botswana that can drastically change the way we advertise vacancies. Recruiters and potential employees alike are singing its praise and calling it a much-needed and over-due addition to the recruitment process.
Why overcomplicate a process when a solution exists to remove the work from it? Out with the old and in with the new I say. Power to the people! No more manual labour! Advertise with Careerpool, upload your CV and let technology do the rest.
Marcian Concepts have been contracted by Selibe Phikwe Economic Unit (SPEDU) in a P230 million project to raise the town from its ghost status. The project is in the design and building phase of building an industrial hub for Phikwe; putting together an infrastructure in Bolelanoto and Senwelo industrial sites.
This project comes as a life-raft for Selibe Phikwe, a town which was turned into a ghost town when the area’s economic mainstay, BCL mine, closed four years ago. In that catastrophe, 5000 people lost their livelihoods as the town’s life sunk into a gloomy horizon. Businesses were closed and some migrated to better places as industrial places and malls became almost empty.
However, SPEDU has now started plans to breathe life into the town. Information reaching this publication is that Marcian Concepts is now on the ground at Bolelanoto and Senwelo and works have commenced. Marcian as a contractor already promises to hire Phikwe locals only, even subcontract only companies from the area as a way to empower the place’s economy.
The procurement method for the tender is Open Domestic bidding which means Joint Ventures with foreign companies is not allowed. According to Marcian Concepts General Manager, Andre Strydom, in an interview with this publication, the project will come with 150 to 200 jobs. The project is expected to take 15 months at a tune of P230 531 402. 76. Marcian will put together construction of roadworks, storm-water drains, water reticulation, street lighting and telecommunication infrastructure. This tender was flouted last year August, but was awarded in June this year. This project is seen as the beginning of Phikwe’s revival and investors will be targeted to the area after the town has worn the ghost city status for almost half a decade.
The International Monetary Fund (IMF) has slashed its outlook the world economy projecting a significantly deeper recession and slower recovery than it anticipated just two months ago.
On Wednesday when delivering its World Economic Outlook report titled “A long difficult Ascent” the Washington Based global lender said it now expects global gross domestic product to shrink 4.9% this year, more than the 3% predicted in April. For 2021, IMF experts have projected growth of 5.4%, down from 5.8%. “We are projecting a somewhat less severe though still deep recession in 2020, relative to our June forecast,” said Gita Gopinath Economic Counsellor and Director of Research.
The struggle of humanity is now how to dribble past the ‘Great Pandemic’ in order to salvage a lean economic score. Botswana is already working on dwindling fiscal accounts, budget deficit, threatened foreign reserves and the GDP data that is screaming recession.
Latest data by think tank and renowned rating agency, Moody’s Investor Service, is that Botswana’s fiscal status is on the red and it is mostly because of its mineral-dependency garment and tourism-related taxation. Botswana decided to close borders as one of the containment measures of Covid-19; trade and travellers have been locked out of the country. Moody’s also acknowledges that closing borders by countries like Botswana results in the collapse of tourism which will also indirectly weigh on revenue through lower import duties, VAT receipts and other taxes.
Latest economic data shows that Gross Domestic Product (GDP) for the second quarter of 2020 with a decrease of 27 percent. One of the factors that led to contraction of the local economy is the suspension of air travel occasioned by COVID-19 containment measures impacted on the number of tourists entering through the country’s borders and hence affecting the output of the hotels and restaurants industry. This will also be weighed down by, according to Moody’s, emerging markets which will see government losing average revenue worth 2.1 percentage points (pps) of GDP in 2020, exceeding the 1.0 pps loss in advanced economies (AEs).
“Fiscal revenue in emerging markets is particularly vulnerable to this current crisis because of concentrated revenue structures and less sophisticated tax administrations than those in AEs. Oil exporters will see the largest falls but revenue volatility is a common feature of their credit profiles historically,” says Moody’s. The domino effects of containment measures could be seen cracking all sectors of the local economy as taxes from outside were locked out by the closure of borders hence dwindling tax revenue.
Moody’s has placed Botswana among oil importers, small, tourism-reliant economies which will see the largest fall in revenue. Botswana is in the top 10 of that pecking order where Moody’s pointed out recently that other resource-rich countries like Botswana (A2 negative) will also face a large drop in fiscal revenue.
This situation of countries’ revenue on the red is going to stay stubborn for a long run. Moody’s predicts that the spending pressures faced by governments across the globe are unlikely to ease in the short term, particularly because this crisis has emphasized the social role governments perform in areas like healthcare and labour markets.
For countries like Botswana, these spending pressures are generally exacerbated by a range of other factors like a higher interest burden, infrastructure deficiencies, weaker broader public sector, higher subsidies, lower incomes and more precarious employment. As a result, most of the burden for any fiscal consolidation is likely to fall on the revenue side, says Moody’s.
Moody’s then moves to the revenue spin of taxation. The rating agency looked at the likelihood and probability of sovereigns to raise up revenue by increasing tax to offset what was lost in mineral revenue and tourism-related tax revenue. Moody’s said the capacity to raise tax revenue distinguishes governments from other debt issuers. “In theory, governments can change a given tax system as they wish, subject to the relevant legislative process and within the constraints of international law. In practice, however, there are material constraints,” says Moody’s.
‘‘The coronavirus crisis will lead to long-lasting revenue losses for emerging market sovereigns because their ability to implement and enforce effective revenue-raising measures in response will be an important credit driver over the next few years because of their sizeable spending pressures and the subdued recovery in the global economy we expect next year.’’
According to Moody’s, together with a rise in stimulus and healthcare spending related to the crisis, the think tank expects this drop in revenue will trigger a sizeable fiscal deterioration across emerging market sovereigns. Most countries, including Botswana, are under pressure of widening their tax bases, Moody’s says that this will be challenging. “Even if governments reversed or do not extend tax-easing measures implemented in 2020 to support the economy through the coronavirus shock, which would be politically challenging, this would only provide a modest boost to revenue, especially as these measures were relatively modest in most emerging markets,” says Moody’s.
Botswana has been seen internationally as a ‘tax ease’ country and its taxes are seen as lower when compared to its regional counterparts. This country’s name has also been mentioned in various international investigative journalism tax evasion reports. In recent years there was a division of opinions over whether this country can stretch its tax base. But like other sovereigns who have tried but struggled to increase or even maintain their tax intake before the crisis, Botswana will face additional challenges, according to Moody’s.
“Additional measures to reduce tax evasion and cutting tax expenditure should support the recovery in government revenue, albeit from low levels,” advised Moody’s. Botswana’s tax revenue to the percentage of the GDP was 27 percent in 2008, dropped to 23 percent in 2010 to 23 percent before rising to 27 percent again in 2012. In years 2013 and 2014 the percentage went to 25 percent before it took a slip to decline in respective years of 2015 up to now where it is at 19.8 percent.