In a recent announcement, the Director-General of Integration and Employment at the Ministry of Labor, Employment, and Social Security in Algeria, Mr. Mohamed Sharafeddine Bouzayaf, revealed that a staggering 333,000 job openings will be made available in 2023, marking a 35% increase compared to the previous year.
Bouzayaf highlighted that 232,000 individuals were successfully employed in Algeria this year, reflecting a significant 24% growth compared to 2022. Notably, more than 541,000 people were integrated into permanent positions within public entities, with 75,000 of them transitioning from low-wage positions to indefinite contracts.
Moreover, the speaker emphasized that 325,000 individuals benefited from the Professional Integration Support Program, with an impressive 98% integration rate. He assured that the finalization of this program is imminent and that a central committee is diligently overseeing the process, as there is an official directive to prioritize job seekers.
Bouzayaf noted that 30% of job seekers are aged between 16 and 24, while 64% are under 35, indicating a youthful workforce. He stressed the importance of nurturing a skilled workforce and affirmed the Ministry of Labor’s commitment to support and guide young job seekers.
Additionally, the Director-General shared that 126,000 currently unemployed individuals have been absorbed into the economic sector. A digital platform has been developed to monitor all professionals and facilitate the exchange of data regarding training compatibility with the job market.
Despite saturation in the public sector, certain fields such as education, healthcare, and higher education have witnessed substantial hirings this year. Bouzayaf emphasized the need for the private sector to create more financial positions, acknowledging the era of startups and artificial intelligence where rapid capital investment can promote employment.
In another positive development, 10,000 new companies joined the social security system in 2023 through the “Al-Kanass” fund. The increase in subscriptions has contributed to boosting the fund’s revenue, which is expected to have positive implications for balancing retirement fund accounts, as per Bouzayaf’s assessment.
Algeria’s 2023 job market expansion and efforts to promote social security participation reflect a promising outlook for employment and economic growth in the country. The government’s commitment to addressing youth unemployment and fostering a dynamic workforce underscores its dedication to shaping a prosperous future.
