Bridging the skill gap

Bangladesh is at a crucial juncture in its economic growth, yet there remains a significant mismatch between the qualifications of its young workforce and the needs of the labour market. This anomaly largely contributes to the alarming rise in youth unemployment, as young graduates and job seekers are struggling to find quality jobs despite numerous opportunities in emerging sectors.

The core of this issue lies in the misalignment between the education young people receive and the skills required by companies. Many young people hold degrees but often lack the digital, practical, and technical skills needed in modern industries. This problem is compounded by outdated courses and limited exposure to practical experience. The gap reflects not only the level of education but also the relevance of targeted training aligned with industrial demands. This growing skill gap also hampers Bangladesh's ability to attract foreign investment. To drive meaningful change, a fresh skill-building approach is essential, reforming traditional education practices.

First, public-private partnerships should be strengthened to create targeted skill-development initiatives aligned with actual business needs. Encouraging industry actors to collaborate with training institutions can help bridge the skill gap by developing courses that address companies' real demands.

Second, the government should incentivise foreign investment in high-value sectors such as electronics, renewable energy, and IT, which hold the potential to create high-quality jobs. Attracting foreign companies through favourable policies and tax incentives can boost the economy while offering career opportunities to youth in growing sectors.

Finally, vocational training and practical skill development must take precedence in educational reforms over rote learning. Schools and colleges should focus on imparting technical skills, entrepreneurial knowledge, and problem-solving techniques to prepare students for demanding work environments. By aligning the educational system with market needs, fostering corporate collaboration, and attracting strategic investments, Bangladesh can transform the youth unemployment challenge into an opportunity. Investment in the skills of young people will cultivate a robust workforce equipped for jobs both today and in the future.

Rakib Ahmed

Student of Department of Finance

North South University

[email protected]