Introduction

Unemployment is defined as the state or situation of a person where the person is jobless and is in need for a job. In the modern world, due to lack of proper jobs and the overflowing population rate, there is a dearth of jobs and is increasing the rate of population at a major pace (Hall et al. 2012). The aim of the report is to analyse the unemployment problem in Australia and the benefits from Centrelink which is received by the people of the organization. The following paragraphs highlight the business analysis of the benefits along with the recommendations for the betterment of the benefit.

According to Hart, (2013), Centrelink or the Centrelink Master Program is defined as the type of government payment service that is under the Department of Human Service of the Australian Government. The program delivers a host of services including payment to the people who have retired and also to the unemployed people who need payments from the range of 16-24 years of age.

The payment service is a circumstance based service which means that the amount of money received by the person will depend on the type of circumstance that the people will be in. The type of service is received by them on a bi-weekly basis and will vary from one person to another in the prolonged time span.

In addition to the other payments that have been mentioned above, the job seekers of the Australian government is given a number of benefits as per the strategies of the program. The person who is liable to receive the payments is to be above 22 years of age and is paid approximately $500 for a fortnight for single people and the rate goes up to $450 per person for a couple. This rate is fixed by the Department of Human Services and the age of the students who enrol for the service should be between 16-21 years of age (Forgione, 2014).

The type of people for whom the allowance is being paid is those people who are still engaged in the purpose of education and are looking for jobs or job related courses in future. The people should be mature enough to seek the job and get their careers set in the future perspective.

Other than the allowance given for their living, the unemployed people are given an amount of money for rent purpose, either in a single way or in a joint venture. The amount that is being given on rent can exceed upto $124 per two weeks for a person and $116 for a couple (Wong, 2013).

Medical help is also granted to the unemployed people and also given chances for the betterment of their health by engrossing in a number of benefits in the concerned span of time. The allowance given to the people are inclusive of the medical and the lifestyle charges that are there in the country. These medical helps will be much crucial for the unemployed people within the country of Australia. It is because the many people are seen to be in distress while it is the responsibility of the Federal Government to provide them the necessary aids that are required for the proper living of them.

Though the allowance looks quite lucrative for the people and the students hailing from the developing and the underdeveloped economies, for the students in the Australian province, the sum of money is even lower than the minimum wage that is there for the people working there. The amount of money that is being spent on the allowance by Centrelink is approximately $8.4 billion per year and according to the government has increased upto $8.7 billion per year according to the stats of 2016-2017 (Howard, 2012).

The current expenditure of the Centrelink for the unemployed people of Australia is approximately $1.3 billion and is decreasing at a massive rate making it one of the biggest problems for the unemployed students sustaining in the county. With the rise in development, the rate is according to the government on a decreasing rate due to the growth in job opportunities in all the parts of the job sector. Below is the latest trend for the employment benefits from Centrelink for the unemployed people of Australia

The trend analyses that due to the growth of the substantial amount of employment opportunities of the job, the amount of money that is being involved in the concerned span of time has increased steadily from the year 2012-13 and then has reached a point at 2014-15 (Howard, 2012). The rate has then decreased from that period to 2015-16 and has remained substantially constant from then onwards. The trend shows that due to the more number of industries and economic development, the overall amount of money from Centrelink has increased.

There are a number of recommendations for the increase in the Centrelink amount of money for the required span of time. One of the principle recommendation is to make sure that the amount of benefit should cater to all the needs and thereby increase the amount of money in a substantial way. The second recommendation for the Centrelink payment is to allow the amount of payment for the students who belong to the different countries as well as the other communities in the concerned span of time. The third recommendation for the Centrelink payment is to allow the payments on a weekly basis so that the people can utilise the amounts in the concerned span of time.

Conclusion

In conclusion, it can be said that Centrelink allows the payment to be given to the unemployed youth of Australia who are looking for a job and are motivated to work. The payments of the Centrelink is to be assessed to make sure that each of the person in the whole span of time is given the amount of monetary motivation to work for the people in the concerned span. The Centrelink payments, as well as the graphs for the whole concern, is presented in the whole report.

Reference

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