As a solution to one of the world’s biggest social challenge Hire the Youth revolves around availing opportunities for the young people to eradicate youth unemployment.
Young people are the most vulnerable victims of the global recession. They are willing to work under all situations, but have no opportunities. The doors to their future seem closed with new perspectives out of reach.
A number of reports from the ILO show that youth unemployment is around 2.9 times greater than adult unemployment and yet, young employees are the backbone of our future. According to the IFC, by 2020, over 600 million job opportunities will be needed in developing countries only.
“If the unemployed formed a country, it would be the fifth largest in the world.” – Christine Lagarde, Managing Director of the IMF
In countries with high proportions of young apprentices relative to the employed population such as Switzerland, Austria, and Germany, youth unemployment is much lower. Work-readiness programmes include training for apprentices, learners, trainees, interns, and artisans. They are key to create jobs for youth and skills for business because of:
- ensures that training matches the needs within a company or industry
- keeps up-to-date with changes in technology, work practices, and market dynamics
- links classroom and workplace training so that young people acquire relevant skills
- equips young people with critical core skills, such as problem-solving, teamwork, and communication
- offers young people a small income while preparing for the job market
- helps them clear the hurdle of having no job experience, a barrier that prevents many university graduates from securing their first job
Youth in fragile states face additional challenges, with economic opportunities diminished by instability and lack of institutional capacity. The costs of unemployment are pervasive and severe. Long spells of youth unemployment or vulnerable employment permanently lower future productive potential and earnings, and individuals with limited incomes have restricted access to health and education services. These eventually cause mental health problems like anxiety, stress, and depression among others.
“When you get an internship, the first thing they tell you is to forget everything you learned at school. A university doesn’t mean anything in real life.” – Rose, Rwanda
So how can we solve all these problems and effects caused by youth unemployment?
Through a number of campaigns and youth-friendly programs, we work hand in hand with partners to solving these challenges.