Getting Young People into Work: Is There a Role for the Private Sector in Bridging the Skills Gap?
European Bank for Reconstruction & Development and Making Cents International
The European Bank for Reconstruction and Development (EBRD), an international financial institution active in nearly 40 countries across Europe, Central Asia and the Mediterranean, believes that opening up of economic opportunities to under-served social groups is integral to achieving a transition towards sustainable market economies.
An inclusive market economy ensures that anyone regardless of their gender, place of birth, family background, age or other circumstances, over which they have no control, has full and fair access to labour markets, finance and entrepreneurship and, more generally, economic opportunity.
Beyond its contribution to efficient markets, fair and equitable access to economic opportunity is essential in fostering broad support for market reforms and, ultimately, sustainable market economies. If people are given a chance to succeed, they are more likely to participate in the workforce, pursue education, or engage in other activities that lead to economic growth.
Nine out of ten jobs are created by the private sector worldwide, making it a major force for economic growth and prosperity. However, formal education systems are often unable to meet the market’s specific demands for talent and skills. This creates problems on two fronts – young people lack the skills to successfully compete for jobs while firms are unable to fill their open positions. The EBRD’s unique economic inclusion approach supports clients across a wide range of sectors to address this skills mismatch and thereby enhance equitable access to jobs and training. This webinar will discuss the role of the private sector in opening up economic opportunities for young people specifically, and how actors in the YEO space can engage with the private sector to enhance youth inclusion.
Lead Inclusion Economist, European Bank for Reconstruction and Development (EBRD)
Vedrana Jelusic Kasic
Regional Director for Croatia, Slovenia, Hungary and Slovakia, European Bank for Reconstruction and Development (EBRD)
Executive Director, People1st
Programme Director, ElSewedy Technical Academy
Ali Rıza Aksoy
HR Director, Ford Otosan Turkey