AIM Startup States That Young Companies Provide 50 Percent Of All New Jobs
Several reports reveal that startups generate significant employment opportunities globally, helping drive immense economic growth prospects.
Startup firms and other young companies provide around 50 percent of all new job prospects in the market with seed stage and those operating for two and a half years hiring an average of 12 workers.
The role of startups as the main engine for job creation will be further tackled at the upcoming AIM Startup, an initiative of the UAE Ministry of Economy, in Dubai happening from 8th to 10th of April 2019. AIM Startup will take place in conjunction with the Annual Investment Meeting (AIM) under the theme ‘Harnessing Global Digitization to Empower Startups and SMEs’.
Dawood Al Shezawi, Chairman of the Organizing Committee of AIM Startup, said: “More jobs are being created as millions of startups are being established worldwide, producing opportunities that will lead to enhanced quality of life and improved standard of living across countries. This specific role of startups is highly critical to global efforts concerning unemployment rate.”
“Each year, we see new professionals joining the labour market. In the MENA region, an industry expert estimated that almost six million additional individuals will join the workforce annually between 2018 and 2035, as such, we need the means to absorb them and keep up with the growth. Participants of AIM Startup will take a closer look at opportunities and challenges in relation to this issue as we strive to also make sure that startups offer quality jobs, especially for the poor,” added Al Shezawi.
A research conducted by HR consultants also showed that a vast majority of up to 80 per cent job aspirants prefer jobs at start-ups, as compared to already established companies.
“We also have to examine our efforts in terms of equipping our new workers with the right competencies so that they become at par with the needs of the market. At AIM Startup, participants will tackle this issue and other pressing concerns facing the segment. Additionally, the event will provide promising startups with an opportunity to meet with global investors and prospective business partners. It will be an ideal platform for startup companies looking to raise capital, expand into new markets, and forge meaningful business relationships with major investors, business leaders, representatives of international institutions, and government entities,” Al Shezawi said.
Complete details of AIM Startup 2019 are available at http://www.aimstartup.com/.
