Education Matters When Building a Career
Date published: August 25, 2020
South Africa is no stranger to unemployment. Between the birth of post-apartheid South Africa and today, unemployment has begun to affect all areas. Even individuals with degrees are struggling to find employment. However, those with higher levels of education are more likely to find a job.
With earning potential determined by educational levels, many are left earning very little. This is because nearly 50% of all students who start school, will not reach matric.
The Link Between Earning Potential and Education
Those with an education below matric are expected to earn less than a living wage. Anybody who failed to achieve their matric certificate will earn between R1704 – R2660.
Having completed your matric certificate nearly doubles your expected earning potential. And with just another year of study, it more than doubles again to R13 378.
Having a bachelor’s degree leaves you only a 1.9% chance of employment.
Times Are Made Tougher Without Education
The youth of today may have more education than their parents, but they are not reaping the rewards that should come with it. 4.3 % of individuals between the ages of 35-64 that hold graduate degrees are unemployed.
Compared to the 31% unemployment rate for graduates under the age of 24. 12.9% of graduates between the ages of 25-34 are unemployed.
Even graduates are experiencing a rise in unemployment. This is exactly why education matters. Without it you might join 55% of the population left unemployed. Those of whom have not completed their schooling.
Read more about this here.
Seize the Day
It is not too late to further your education. By achieving a matric certificate, you are more likely to get employed. Your earning potential will also increase rapidly.
They also offer courses that can be completed without a matric. Again, this could raise your earning potential whether you have completed grade 12 or not. Click here to see what courses they have to offer.
The Skills Academy
The Learning Group
The Décor School
The Bellview Institute
Distance learning makes it easier to earn while you study. The Bellview Institute offers various courses that can help improve your chances of employment.
Business management, marketing management and more! Have a look here at what they offer.
This article is an updated version of one published on the 9th of March 2017. See the original article here.