Business Backs Education

business backs education

If you want to hire the highly-qualified employees – invest in education, says the Mayor of London. Recently Boris Johnson has announced his support for Business Backs Education campaign. The former president of the USA, Bill Clinton and his allies launched this campaign at the Global Education & Skills Forum in March 2014. The aim of this global initiative is to motivate the enterprises to invest “20 % of their global corporate social responsibility spending for education by 2020”, according to UNESCO.  This call for commitment is twofold one; supportive for states, beneficial for business.

It is high time to turn people’s attention to 58 million of children out of school. Born in the extreme poverty, the children are marginalized by having no opportunity to attend schools. This forms the ground for the spread of criminal behavior amongst the youngsters. For the governments it implies an unstable socioeconomic situation; for the enterprises it results in the loss of the potential skillful workforce and customers. Who will pay taxes? Who will develop breakthrough projects? Who will buy the products and services? Economic Policy Institute in the USA asserts that the well-educated workforce brings more productivity, creativity and innovations. Irina Bokova, UNESCO Director General, postulates that business has great impact on education: from policy-formulations to definition of the skills and competences a graduate should acquire to be competitive on labor market. Indeed, many companies complain on the mismatch of the graduates’ theoretical and practical training and the real job requirements. Via collaboration of business and educators the progress in human resources development can be achieved. Bill Clinton echoes this proposition by claiming that each dollar invested in education gives back 53 dollars from the first day of a person’s working life”. As for the states’ prosperity, educated citizens are more likely to boost the national economy, pay taxes, form the middle-income class and augment the quality of life standards. Social stability and prosperity, productivity and knowledge-based economy, future consumers and clients – these are the positive corollaries of business-education union, the advantages the investments.

This campaign can be borrowed and promoted in Kazakhstani settings. Taking into consideration that the institutional support of the enterprises here is far to be robust, the government can decrease the taxes for the companies who invest in education. The government can reduce the state control. Or simply furnish these companies with requests for tenders. Thus, the entrepreneurs will understand that it is not a burden, but also a great instrumental value. For instance, having financially supported a university or college, a civil construction company obtains a state request for reconstruction of a school building. Thus, the government and the enterprise enjoy the collaboration fruitful for education, a nation and business.

Instead of blaming schools and universities for incompetent graduates the companies have better to take active role. Business Backs Education, this global initiative, can diminish the inequality and foster knowledge-based-economies. Investment in education is not a social expenditure, but a great step toward global prosperity. If a child illiteracy, resources provision and business-education tandem are achieved, the motto “education for all” will really make sense for both sides.

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