Finding a job can be a complicated process. Especially when the tools to do this are not readily available. Job seekers need access to information from recruiters about vacancies available at companies. In Botswana today we have a tool that provides such access.
There is an online space where employers and jobseekers can connect and share information with one another in real-time. This is done through cutting edge electronic recruitment platforms called online job boards. Careerpoolbotswana.com provides this space for our local job market. Online job boards simplifying the way people find jobs.
They cut out the rig moral and expense attached to recruitment, for both seeker and recruiter. Our market locally is perfectly poised to make full use of these technology-based electronic recruitment tools contained in job boards. Hence why online job boards have become common place in Africa and the world because of the manner in which they connect jobseeker to employers.
For example, Careerpool has an option for job seekers called job alerts. It’s quite a simple yet incredibly useful feature of the site. How it works is that you go onto www.careerpoolbotswana.com, upload your CV to the site and then select the job alerts tab. Input your particular field of work e.g. marketing. Once your field is selected you have the option of selecting how often you want to be alerted.
Then, just like that, you will then be alerted of all jobs that are advertised on the Careerpool job board that fall within your field of expertise. Brilliant right? A very simple yet superbly efficient way of keeping you abreast of your job market. E-mail notification is sent to you and this helps remove the guess work of finding out who is advertising and for what positions. For the employer this only bodes well as their advertised vacancy will go straight to a larger audience of the intended target group in a shorter space of time.
This is the type of functionality and ease of job searching and advertising/posting that Careerpool brings to our job market. Never one to think too insular, I thought I’d share with you some job boards around the world that have risen to prominence. These are the 21st century job boards that Careerpool benchmarks its services on. Starting with Indeed.com. This job board has risen to the summit of being one of the world’s best job boards.
They have job listings from thousands of websites including company career pages, job boards, newspaper classifieds, associations and other online sources of job posting. We as Careerpool also strive to garner a variety of job adverts across a multitude of sources so we can truly call ourselves the central repository for all jobs in Botswana. Nowadays companies have career pages that enable people to find all relevant information about vacancies they are advertising for.
I commend these companies for their techno savvy and forward thinking. Even so, there is still a great need to engage job boards into their arsenal when trying to source the best talent possible. The reason for this is that there are so many companies out there that a job seeker cannot go through all of their individual websites to search for work. What then guarantees that they will end up on your company’s particular careers page? How do you draw traffic directly to you? An online job board of course.
They are positioned, like Careerpool is, in the right space to connect you to job seekers. Job seekers seek information on vacancies, we provide it and point them to you. When potential employees find your company on CareerPool, you can be assured your information was disseminated and you can look forward to greater traffic for your careers page. Your company benefits from its careers page and further increases its effectiveness by linking it to Careerpool.
Another very successful job board is LinkUp.com, a job search engine that works in the manner I discussed above. Its job adverts or postings are from small, mid-sized and large company career sections and are updated when the company updates its page. Other notable job board sites are SimplyHired.com which provides access to millions of job openings across all job categories and industries through its exclusive network of thousands of partner sites. A familiar player in the space is Linkedin.com which connects the world’s professionals.
LinkedIn.com even allows you to follow companies of interest. Then there’s a very interesting social and mobile recruitment platform that Careerpool benchmarks its job alerts function from, they are TweetMyJobs.com. Job matches are delivered instantly, daily, weekly depending on the user to your social media, e-mail, text etc. They push jobs onto Twitter with more than 10,000 job channels segmented by geography, job type and industry to instantly connect employers and recruiters with targeted job candidates. No list of 21st century job boards would be complete without including Monster.com.
They are the original job board. They have expanded and now provide a multitude of services like searching for and apply for jobs online, post resume, review company profiles, salary information and career advice. Very useful information to have at your fingertips and help you focus your job search. There are indeed many other job bards across the world than the ones I have shared with you. I look at these 21st century job boards and their functionality and compare them to Careerpool. I am filled with pride as I realize that we already provide the majority of the functionality that our international comrades too.
The service we are providing to Batswana is world class and it’s one that all can indeed benefit from. The platform is here, all that is left is for job seekers and employers to make use of it and simplify the recruitment process for ever. We as CareerPool will strive to ensure the functionality we provide on our platform serves the people of our users here in our local market. Explore the site today to enjoy homegrown 21st century job board technology at your fingertips.
This century is always looking at improving new super high speed technology to make life easier. On the other hand, beckoning as an emerging fierce reversal force to equally match or dominate this life enhancing super new tech, comes swift human adversaries which seem to have come to make living on earth even more difficult.
The recent discovery of a pandemic, Covid-19, which moves at a pace of unimaginable and unpredictable proportions; locking people inside homes and barring human interactions with its dreaded death threat, is currently being felt.
Member of Parliament for Kanye North, Thapelo Letsholo has cautioned Government against excessive borrowing and poorly managed debt levels.
He was speaking in Parliament on Tuesday delivering Parliament’s Finance Committee report after assessing a motion that sought to raise Government Bond program ceiling to P30 billion, a big jump from the initial P15 Billion.
Government Investment Account (GIA) which forms part of the Pula fund has been significantly drawn down to finance Botswana’s budget deficits since 2008/09 Global financial crises.
The 2009 global economic recession triggered the collapse of financial markets in the United States, sending waves of shock across world economies, eroding business sentiment, and causing financiers of trade to excise heightened caution and hold onto their cash.
The ripple effects of this economic catastrophe were mostly felt by low to middle income resource based economies, amplifying their vulnerability to external shocks. The diamond industry which forms the gist of Botswana’s economic make up collapsed to zero trade levels across the entire value chain.
The Upstream, where Botswana gathers much of its diamond revenue was adversely impacted by muted demand in the Midstream. The situation was exacerbated by zero appetite of polished goods by jewelry manufacturers and retail outlets due to lowered tail end consumer demand.
This resulted in sharp decline of Government revenue, ballooned budget deficits and suspension of some developmental projects. To finance the deficit and some prioritized national development projects, government had to dip into cash balances, foreign reserves and borrow both externally and locally.
Much of drawing was from Government Investment Account as opposed to drawing from foreign reserve component of the Pula Fund; the latter was spared as a fiscal buffer for the worst rainy days.
Consequently this resulted in significant decline in funds held in the Government Investment Account (GIA). The account serves as Government’s main savings depository and fund for national policy objectives.
However as the world emerged from the 2009 recession government revenue graph picked up to pre recession levels before going down again around 2016/17 owing to challenges in the diamond industry.
Due to a number of budget surpluses from 2012/13 financial year the Government Investment Account started expanding back to P30 billion levels before a series of budget deficits in the National Development Plan 11 pushed it back to decline a decline wave.
When the National Development Plan 11 commenced three (3) financial years ago, government announced that the first half of the NDP would run at budget deficits.
This as explained by Minister of Finance in 2017 would be occasioned by decline in diamond revenue mainly due to government forfeiting some of its dividend from Debswana to fund mine expansion projects.
Cumulatively since 2017/18 to 2019/20 financial year the budget deficit totaled to over P16 billion, of which was financed by both external and domestic borrowing and drawing down from government cash balances. Drawing down from government cash balances meant significant withdrawals from the Government Investment Account.
The Government Investment Account (GIA) was established in accordance with Section 35 of the Bank of Botswana Act Cap. 55:01. The Account represents Government’s share of the Botswana‘s foreign exchange reserves, its investment and management strategies are aligned to the Bank of Botswana’s foreign exchange reserves management and investment guidelines.
Government Investment Account, comprises of Pula denominated deposits at the Bank of Botswana and held in the Pula Fund, which is the long-term investment tranche of the foreign exchange reserves.
In June 2017 while answering a question from Bogolo Kenewendo, the then Minister of Finance & Economic Development Kenneth Mathambo told parliament that as of June 30, 2017, the total assets in the Pula Fund was P56.818 billion, of which the balance in the GIA was P30.832 billion.
Kenewendo was still a back bench specially elected Member of Parliament before ascending to cabinet post in 2018. Last week Minister of Finance & Economic Development, Dr Thapelo Matsheka, when presenting a motion to raise government local borrowing ceiling from P15 billion to P30 Billion told parliament that as of December 2019 Government Investment Account amounted to P18.3 billion.
Dr Matsheka further told parliament that prior to financial crisis of 2008/9 the account amounted to P30.5 billion (41 % of GDP) in December of 2008 while as at December 2019 it stood at P18.3 billion (only 9 % of GDP) mirroring a total decline by P11 billion in the entire 11 years.
Back in 2017 Parliament was also told that the Government Investment Account may be drawn-down or added to, in line with actuations in the Government’s expenditure and revenue outturns. “This is intended to provide the Government with appropriate funds to execute its functions and responsibilities effectively and efficiently” said Mathambo, then Minister of Finance.
Acknowledging the need to draw down from GIA no more, current Minister of Finance Dr Matsheka said “It is under this background that it would be advisable to avoid excessive draw down from this account to preserve it as a financial buffer”
He further cautioned “The danger with substantially reduced financial buffers is that when an economic shock occurs or a disaster descends upon us and adversely affects our economy it becomes very difficult for the country to manage such a shock”