The Labour Market in Cyprus Amathus Hotel Limassol

The Labour Market in Cyprus Amathus Hotel, Limassol 23 May 2015 Alexandros Alexandrou Director, Department of Labour Ministry of 1 Labour, Welfare and Social Insurance

The Cyprus Public Employment Service • Established in 1946 • 77 permanent staff (including 22 trained Employment Counselors) • 4 District Labour Offices and 10 Local Labour Offices around Cyprus 2

The PES Network 3

The Current Labour Market Situation (LFS) ΄ 4

EMPLOYMENT RATES FOR THE POPULATION 20 -64 YEARS BY GENDER 5

UNEMPLOYMENT RATES FOR THE POPULATION 15+ BY GENDER 6

EDUCATIONAL ATTAINMENT OF THE POPULATION 25 -64 YEARS 7

Problem Identification and Interventions • Large number tertiary education graduates • Lack of work experience / limited links between education and the world of work • Low youth entrepreneurship – Lack of motives and guidance • Vocational Training is not “sexy” / Trendy • Connecting vocational orientation at schools with the real world of work • PES understaffing VS unprecedented high number of unemployed. • Lack of foreign language learning • Turn of the education system towards new occupations ΄ 8

Tackling Unemployment • National Action Plan for Youth Employment: • Total budget of 47. 0 mill • Implementing period 2015 -2017 • Target: Youth 15 -29 (priority in NEETS) • Includes all the measures for the Cyprus YGIP • Initial and continues training programs • Work experience placements in companies in Cyprus and abroad • Employment Subsidies • Youth Entrepreneurship subsidies • Employment Schemes • Training Courses • European Labour Market: EURES, Euroguidance, ERASMUS+ 9

Thank you for your attention Department of Labour– www. mlsi. gov. cy/dl 10