Creating High-Impact Employment Experiences for Youth

EY and MasterCard Center for Inclusive Growth
Resource Type: 
Publication Date: 
May, 2015

The societal benefits of lifting a generation out of unemployment and underemployment are well-established. Additionally, a growing number of companies are now discovering that, quite apart from social good, youth inclusion in the workplace can reap significant business dividends too.

EY’s 2015 Global Job Creation and Youth Entrepreneurship Survey found that 62% of leading entrepreneurs are mentoring young people and 59% offer internships and apprenticeships. They may be on to something.

Those offering youth opportunities, in whatever form, gain from the energy, ambition and instinctive knowledge of social media that this generation of digital natives brings to the workplace. “Young people think outside the box much more,” says Darlene Miller, President of Permac Industries. “They don’t have the blinders on.”

These benefits are not limited to developed economies. “In our work in Europe, the US, Africa and south Asia, we are hearing similar complaints from employers about shortcomings in youth preparedness for the workplace, which also means that solutions that are successful in one part of the world can be scaled globally,” points out Devang Vussonji, Global Leader of the Employment and Education Practice at Dalberg Global Development Advisors.

“Young interns come in with tenacity,” says Ivan Mladenovic, Founder and CEO of TechBar and Preemo in Miami. “They want to prove to you that they’re worth the bet you’ve made on them. This brings with it tremendous energy and determination.”

Workforce Development