Essay Sample on The Role of U.S Government on Economy in Employment

Introduction

The aim of all strategies for job creation is to encourage the growth of healthy economic growth. The government is entitled to not interrupt the free market economy, especially when it is going through a strong economic growth. Entrepreneurship gives encouragement for competition among the small businesses, hereby coming up with better ways to satisfy the consumers. Due to this competition, it is accounted that small businesses cater for at most 65% of the new job opportunities created, as stated by Mazzucato, (2011). A major task of the government is to give a helpful environment for business growth.

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A strong economy is not an exception to ups and downs of a business cycle. The government must come up with solutions especially when the economy declines, by either using an expansive fiscal policy or expansive monetary policy or all of them to encourage the growth of jobs. The main strategies for job creation include; Reduction of interest rates, more expenditure on the communal works, expenditure on job loss benefits, slashing off commercial workforce taxes for recent hires, coming up with smart job creation statistics, and knowing when to use expansionary fiscal policy (Mazzucato, 2011).

In every employment policy, there is the chronological cycle which an employee interacts with the employer. These include; attraction, which is the very first stage of the employment life cycle. Attracting good talent is important to the growth strategy of any company. However much good a product is, attraction and retention of the right talent is the basis of its growth. In this, the employer brand is usually where the attraction stage begins. The employer brand is the image of the business; therefore, it should be as attractive as possible (Germain, 2011).

The recruitment is the second life cycle of employment. This is the active stage of getting the right talent to be part of the organization. In order to achieve this, the employer must involve the team members in asking for referrals, he should try out different hiring platforms, should specify who exactly they are looking for, and stating the qualifications clearly (Germain, 2011).

The onboarding stage is the third stage of the employment lifecycle, where the new employees get to adjust to the performance of their new job smoothly and quickly. It is the stage in which the managers determine how the new hires will contribute to the company, by the way, they will make them feel welcomed and ready for their role (Germain, 2011). In the fourth stage, we have the development stage, where the employer encourages the team's professional development, hence helping to skill up the team, and giving them a future career path. The final chronological lifecycle is retention, where the main focus here is for the employer to maintain a healthy relationship with the best employees and make them both challenged and happy in their role (Germain, 2011).

Conclusion

All in all, the government's role is to show the private sector how to be more competitive. The U.S government has placed a series of programs to boost productive investment in the employment sector of the U.S economy. Plans have been set in place to stimulate green technologies such as solar and wind power, biofuel, and electric cars, and plans to release funds to finance the job creation. However, Political and conceptual timidity has limited the government from funding the programs (Bettig, 2018). This is a huge disadvantage to the employment creation and has since lagged down.

References

Bettig, R. V. (2018). Copyrighting Culture: The political economy of intellectual property. Routledge.

Germain, M. L. (2011). A chronological synopsis of the dimensions of expertise: Toward the expert of the future. Performance Improvement, 50(7), 38-46.

Mazzucato, M. (2011). The entrepreneurial state. Soundings, 49(49), 131-142.