Unemployment is a considerable life situation or event. It can have a disastrous impact on a person’s lives. It disturbs not just the unemployed people but also their families and the broad community. The impact of unemployment can be incurable. As unemployment becomes more longstanding, its impact becomes more far-reaching, often stirring living standards in an evacuation. The loss of earning by the parents can damage the anticipation of the next generation. Quite apart from the particular impact, unemployment is a casualty of valuable productive resources to the economy. The impact of job and employment loss in rural and regional areas discharge through the local community damaging businesses as the family amount is reduced. A further loss to local communities may result from people remaining in search of work.
The financial, budgetary, and economic effects of unemployment are profound.
The economic and commercial loss to the personal and the family cannot be exaggerated. The Treasury considered that in the short-term, unemployment undoubtedly reduces people’s income and, in the long-term, reduces their competence to save for retirement and other goals or aims. This is because employers, as well as employee allowance contributions, are lost and the ability to save from disposable income is lowered.
Treasury advised that unemployment costs the Federal Budget through:
The Social Welfare Commission summarized the impact of unemployment on mature-age people.
The emotional and mental and social costs of shortage and prolonged unemployment during the productive years of life impact harshly on the quality of life of affected individuals and families. Experiences of low self-esteem and loss of self-identity impact on physical and mental health and can extend to broader consequences of social isolation and the loss of social networks and support. The impact of redundancy causes family disruption and breakdown. At the very least it reduces people’s sense of membership and contribution to the life of the community.
The Real human welfare foundation a non-profit organization is starting the first-ever placement hub in the history of Pakistan. It is the portal, destined to provide suitable jobs for those who are seeking by providing a platform for both industries and institutions where they communicate easily and facilitate each other. The service is provided free of cost. Our mission is to empower and strengthen the employment system in Pakistan. We provide a unique platform to advertise career opportunities, each day we strive to help job seekers and companies connect, giving people a chance to find their calling and many employers an opportunity to discover and hire top talent to help grow their business. We will help people to find jobs and help find the agencies the employee best suited for their businesses. The project is started by the esteemed non-profit organization of Real Human welfare Foundation which is founded and led by the respected Mr. Asif Khan Shah. This Non-profit organization helps people who are striving for basic necessities and living a poor quality of life by providing those better opportunities and making a difference in the lives of people as well as society. The Non-profit organization is registered in Pakistan and its headquarters are located in Karachi. The service is provided free of cost.