Index IntroductionLiterature ReviewEducational Level of WorkforceSocial Protection in Service SectorConclusionIntroductionDue to lack of higher education, non-existence of well-designed and incorporated vocational training system, lack of collaboration between industry and higher education institutions, lack of efficient and coherent social protection and inaccessibility to education, the labor market in Pakistan enters the market with insufficient general skills and company or sector specific skills. From a broader perspective, low levels of education and enrollment in educational and vocational institutions have led to skills gaps and shortages in the labor market. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get Original EssayLiterature ReviewIn the 1960s Pakistan was an agricultural economy that for a long time did not require highly skilled labor. Due to urbanization, lack of adequate technologies and inefficiency of agricultural development policies, the economy has shifted towards the service sector, which is the largest contributor to GDP. Agriculture, industry and the service sector are the three main sectors of the economy. Contribution to GDP from 1960 to 2015 Skill level of the workforce: the agricultural sector remains the main employer of the workforce with a contribution of 43.48%, 14.16% in the manufacturing sector and 14.58% in wholesale and retail trade (service sector). In the formal sector only 1.66% of the workforce is employed as highly skilled managers, 4.55% as professionals and 2.79% as technical and associated professionals. 85.55% of these managers and professionals contribute to the economy in the service sector. Educational Level of Workforce In Pakistan 59.99% of the population is literate and 40.01% of the population is illiterate. Literacy is defined as a person's ability to read and understand newspaper text and the ability to solve basic addition or substation. Of the literate population (40.01%) only 5.02% of people have higher qualifications in the fields of engineering, medicine, law, science etc. We can say that only 5.02% of the literate population has a high level of literacy skills. It has been observed that the labor market does not possess the skills (which skills) necessary for economic development. Current employment and economic development opportunities in Pakistan require a greater level of knowledge and highly skilled manpower. First of all, the level of education in Pakistan is low, furthermore educational institutions fail to fulfill their primary role, that is, to develop individual knowledge-based skills and prepare pupils for a rapidly changing world (Punjab). Social protection in the service sector Social protection policies in Pakistan mainly target the formal sector and only in cases of permanent illness, work-related injury, retirement and maternity leave. Pension Act: Government sector employees enjoy certain benefits in the form of lump sum and pensions upon retirement from work. Federal Employees' Charitable Fund and Collective Insurance Act: Under this law public sector employees or their families receive cash grants in the event of death, reimbursement of educational expenses (on average 10-50% is reimbursed % of total expenditure) and a wedding allowance (only for employees' daughters). Workers' Provident Fund: the.
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