The World Bank
The emergence of bootcamps in developing countries signals determination of local people and businesses to participate in the digital revolution, but does not guarantee immediate results. The potential impact on employability can be substantial, but needs further testing. Recognizing the need to better understand the impact of bootcamps on employability, the World Bank ICT Innovation Team launched a Rapid Technology Skills Training Program focused on programming skills, which are among the most demanded (and the most deficient) by employers.
Today’s youth are taking stock of existing systems and measuring the gap between where we are now and where they believe we should be. They are asking governments to be accountable. They want economic systems that work for everyone, not just some. Of course they react strongly to shortsighted policies that fundamentally affect the society and environment they will inherit. They want to be heard, valued and considered as partners in development, for they are the ones who will live with decisions made today.
Germany boasts a highly skilled industrial labor force, thanks in large part to a system of vocational training that the U.S. abandoned. The dual education system also contributes to the low levels of youth unemployment in Germany relative to other advanced economies. And while it’s hardly the only factor, the combination of vocational education and apprenticeships ensures the country a steady supply of superbly trained workers—which is one reason why German industries have dominated the development of the Chinese infrastructure, for instance.
Pamplin College of Business
Jobs are available, but job seekers must acquire in-demand skills or upskill themselves to secure employment. “There just aren’t any jobs. Where are the jobs? We need to create jobs. Jobs, jobs, jobs.” This is all we hear today in mainstream media—the lack of jobs. Let’s dispel this myth now. There are jobs and plenty of them. What we must be asking job seekers are: What are you doing to acquire skills that are in demand by employers? Are you willing to humble yourself to take jobs that are “beneath” you?
Washington Post, Wonk Blog
“Surprisingly,” the report reads, “young women identified finding a higher paying job, a lack of learning and development, and a shortage of interesting and meaningful work as the primary reasons why they may leave.” The No. 1 response from millennial women: "I have found a job that pays more elsewhere." In other words, they were frustrated with a lack of money and promotions. "Don’t assume we want to become mothers. And if we already are mothers, don’t assume that we’d rather have fewer hours or responsibilities.
Mail & Guardian, World Economic Forum
Africa is the richest continent in natural resources in the world. It also has the youngest population, with more than 65% of its people younger than 30 and 200-million of them aged between 15 and 24. By 2045, this figure is forecast to double and Africa will have the largest workforce in the world, surpassing both China and India. Yet it is this burgeoning, youthful population that is crippled by poverty. While Africa’s young people constitute about 40% of the continent’s working-age population, they make up 60% of the total unemployed population.
The Commonwealth Youth Programme
A major disappointment that awaits the African youth as soon as he steps into the job market with all his skills and learning is employers’ obsession with the requirement for job experience for all positions, including internship positions. Employers’ insistence on job experience for those joining their establishments is justifiable in a highly competitive economy where everyone’s focus is on maximizing returns and reducing operating costs, including those that could have been used in capacity building new employees.
They are the world’s largest and fastest growing demographic. They are also the group most affected by many of the world’s most persistent challenges. Yet, the people most affected by these challenges are frequently and consistently overlooked in the conversations about policies impacting their lives. Right now, 621 million people -- about one third of the world’s population between ages 15 and 29 -- are not in school and cannot find a job. And more than 500 million people of this age group live on less than $2 a day. We are in the midst of a global youth unemployment crisis.
The World Bank
Educators believe that they are adequately preparing youth for the labor market while at the same time employers lament the students' lack of skills. A possible source of the mismatch in perceptions is that employers and educators have different understandings of the types of skills valued in the labor market. Using economics and psychology literature to define four skills sets—socio-emotional, higher-order cognitive, basic cognitive, and technical—this paper reviews the literature that quantitatively measures employer skill demand, as reported in a preference survey.
The World Bank
A new report reveals that 40 to 50 million additional jobs are required to employ Nigeria’s rapidly growing population. Nigeria’s job market is polarized where a small share of the population is benefiting from high and diversified growth, and the vast majority is trapped in low-productivity and traditional subsistence activities. To create an inclusive job market that offers gainful employment for women and youth, the report recommends Nigeria needs to improve skills, raise the productivity of agriculture, and improve its business climate.