BANGALORE: Gallup, performance management consulting firm, has taken a survey across 136 countries to determine the number of full time employees in the last year. The firm has determined that out of the total population, 1.6 billion people were full time employees in 2013. This means that the 1.6 billion people were employed, self-employed or part time employed.
The survey went on to show that the countries with the highest payroll-to-population ratio are the highly developed countries with stable economies and vice versa. The employment statistics for countries that have very less payroll-to-population ratio is because they are so underdeveloped that there are not enough sectors or industries to employ the people. So the level of payroll-to-population ratio is based on the economic structure of a country.
Though some countries showed high level of women employment, they still failed to reach an equal distribution of work force, meaning equal number of men and women employees. Well to understand the economics behind the whole idea of countries where fulltime jobs are best available, here is a list compiled by 24/7 Wall Street.
America: One of the biggest economies in the world, America has a payroll-to-population ratio of 43 percent, a GDP per capita income of more than $53,000, which is the average earnings of a person, offering the best opportunities to find full time employment in the world.
Also Read:
Google Offers Package Of Rs.1.40 Crore At BITS-Pilani
How to Make Your Resume Stand Out To Recruiters? [$$$$]
Now it must be noted that in recent years America’s labor work force is shrinking yet it offers secure job opportunities. The economy that took a huge blow in 2008 is slowly reviving but it will take a few more years to bring it back to its former glory. So if you are in need of full time secured and high paying jobs then you know where to go and settle.
Latvia: A country that is not much heard of but has a lot to offer for jobs seekers because it has a 44 percent payroll-to-population ratio and also a per capita income of more than $19,100 is Latvia. It also has another amazing fact and something that many countries will take a long time to reach is that it has a literacy rate of 99.9 percent.
If you compare the per capita income of America and Latvia, notice that Latvia is far behind but the specialty of the country is that everyone has a job that keeps the economy fresh and running. Latvia, a former state part of the Soviet Union, got independence in 1991 and joined the European Union in 2004. This year it witnessed a 3.5 percent GDP expansion.
Belarus: Another former state part of the Soviet Union continues to have close ties with the Russian Government. The country has 47 percent payroll-to-population ratio and a per capita income of more than $15,000.
The country has a no-quitting-job policy that means they are forced to work wherever they get their first jobs in. Though this policy is heavily criticized, there are no efforts made to change this rule that’s very much like the ancient evil of forced slavery or in local term called ‘Serfdom’.
Also Read:
What These Successful People Did The First Year After College
Google Offers Package Of Rs.1.40 Crore At BITS-Pilani [$$$$]
Israel: A small country but has a competitive economy more than China and is not far behind Australia and France. This country has the best employment rate for women with 45 percent behind Russia’s 46 percent; it has a 47 percent payroll-to-population ratio and also a per capita income of more than $34,700.
This small country is a leading business hub for countries around the world. The country’s GDP has been rapidly growing over the past few years. The only threat to its economy is the ever-ongoing conflict between Palestine, which is slowly tearing the country apart.
Kuwait: A country, where more than half percentage of GDP is incurred by the abundance of Oil reserve, has a 49 percent payroll-to-population ratio with a per capita income of more than $39,000. Petroleum fuels 95 percent of its export and also 95 percent of the governments earning.
This country has a high number of expatriate workers, with only 20 percent of the workforce being Kuwiatis. The whole population of Kuwait people is only 40 percent with the other 60 percent of the population being foreigners.
Russia: The country can pride on the fact that it leads the world with the highest number of employed women that is 46 percent of payroll-to-population ratio. The overall payroll-to-population ratio is 51 percent with a per capita income of more than $17,000. Russia has a literacy rate of 99.7 percent which is one of the highest rates in the world.
Also Read:
How to Make Your Resume Stand Out To Recruiters?
What These Successful People Did The First Year After College [$$$$]
Recently, the country has been witnessing a decline in the GDP rate but experts believe that the GDP rate should increase by 1.3 percent this year. Russia’s present involvement in the Ukraine case has caused the U.S and European Union to pull out sanctions but this is barely affecting the country’s ability to provide full time jobs for its people.
Bahrain: A favorite destination for many Indian job seekers, Bahrain continues to cater the best employment services with 53 percent payroll-to-population ratio. It has a per capita income of more than $34,500, which makes it also one of the world’s most competitive economies.
The country is a constitutional Monarch that has been witnessing some political turmoil now for a change in the political status quo. Like all the Gulf countries, Bahrain also gets the highest percentage of revenue from the country’s oil and petroleum reserves.
Sweden: One of the most developed countries in the world and also amongst the Euro zone countries, Sweden has a payroll-to-population ratio of 53 percent. It has a per capita income of $41,188, which is higher than most of the developed countries in the world.
Though the country has a huge per capita margin the unemployment rate is also fairly very high but is expected to be less than 8 percent this year.
Also Read:
IIT-Kgp, American Varsity To Jointly Design Low-Cost Technologies
10 Most Dangerous Jobs That Can Kill You [$$$$]
Iceland: The country with the highest payroll-to-population ratio of 54 percent in among all European countries also has the lowest unemployment rate and has the highest per capita income of $41,000 as per 2013.
The country still gets its highest revenue from exporting fish, which is still the biggest source of income of the people of Iceland. Though the country was heavily impacted due to the economy meltdown in 2008, it has recovered and is stable once again.
United Arabs Emirates: It doesn’t come as a surprise that U.A.E is the country with the highest payroll-to-population ratio in the world with 59 percent, but a minimal per capita income of more than $30,000. The Gulf country is also has the highest number of expatriates and gets a huge source of income from its petroleum reserves.
The country’s labor force is manned by expatriates though the country is pushing for ‘emiratization’. It is noted that most of the UAE nationals take up jobs in the public sector which provides stability and good monetary benefits.
Also Read:
10 Most Dangerous Jobs That Can Kill You
IIT-Kgp, American Varsity To Jointly Design Low-Cost Technologies
Processing .....please wait.. 
The article has been forwarded.... 
