A recent articles (Jonesing For Jobs Higher Unemployment May Be Here To Stay …, Unemployment statistics – Statistics Explained – Eurostat – Europa) on European unemployment indicate that Spain (21.7%) and Greece (17.7%) have extremely high systemic unemployment issues.
For employers in Canada (or anywhere else) who have the wherewithal to use employees whose first languages and culture are Spanish and Greek there is an opportunity look to these markets for talent.
Apparently other jurisdictions (List of countries by unemployment rate – Wikipedia, the free …) apparently have high systemic unemployment rates, especially amongst the younger population.
Looking for talent in these high unemployment jurisdictions involves uncertainty and risks. These may include:
- language issues
- cultural issues
- bona fide skills (may include professional association certification concerns)
- supervision capabilities (understanding and with the skills to manage such employees)
- passing national security and immigration concerns
However, opportunity is opportunity and those who know how to work around the uncertainties and risks will benefit if they make the efforts to source talent from high unemployment areas.