The first ever “Labour Demand Survey” in Sri Lanka recorded nearly half a million vacancies in the private sector. A large portion of these vacancies are found to be in routine and non-routine manual jobs. However, most of Sri Lanka’s job-seekers are educated youth, searching for white-collar jobs. This blog discusses “sectoral mismatch” between the demand and supply of labour in Sri Lanka, using LDS data, and looks at ways in which it can be resolved.
According to a study by IPS on ‘Women-owned and Led Micro, Small Medium Enterprises (WMSMEs) in Spice and Coir Sectors of Sri Lanka’, it was found that more than half of the women surveyed, ranked ‘financial concerns’ as the biggest barrier to operating and expanding their businesses. Using the experiences of one such female entrepreneur, this blog illustrates key strategies to encourage and accelerate the gainful participation of WMSMEs in Sri Lanka’s economy through easy and affordable access to finance.
The 14th Edition of the Talking Economics Digest centers on the theme of ‘Bridging the Skill Gap.’ The mismatch between the demand and supply of skilled employees is the Achilles heel of Sri Lanka’s labour market.
Finding workers is increasingly becoming challenging in the Sri Lankan labour market. This article argues for improving education efficiency and quality as a means of overcoming this challenge.