Workforce Connections, FHI 360, Child Trends
Soft Skills Key to Success for Youth Worldwide
New report identifies five most important “soft skills” that will help youth find and keep jobs
Organisation for Economic Co-operation and Development (OECD)
This paper reviews the recent literature on measuring and fostering cognitive and non- cognitive skills. IQ tests and achievement tests do not adequately capture non- cognitive skills personality traits, goals, character, motivations, and preferences that are valued in the labour market, in school, and in many other domains. For many outcomes, their predictive power rivals or exceeds that of cognitive skills. Evidence from the General Educational Development (GED) testing programme in the United States shows the importance of non-cognitive skills.
The Rockefeller Foundation, Incandescent, Knack
Youth unemployment in the United States is an intractable problem, especially for the vulnerable segment of “opportunity youth”: young people between the ages of 16 and 24 who are neither in school nor work.
Existing programs to address this challenge are expensive and difficult to scale, underscoring the need for a radically different approach to effect change at the ecosystem level.
United Nations Development Programme (UNDP)
The Report highlights impressive progress on human development over the past quarter century. Today people are living longer, more children are in school and more people have access to clean water and basic sanitation. Per capita income in the world has gone up, and poverty has gone down, resulting in a better standard of living for many people. The digital revolution has connected people across countries and societies. Work has contributed to this progress by building people’s capabilities.
The YouthSave Consortium
Not many financial institutions in developing countries target youth specifically, and for those that do, the youth market usually represents a small part of their overall operations. Other authors have argued the social value of extending savings services to youth, but the business case is less certain. As financial institutions have entered the youth market, the question has been whether they can offer youth savings products sustainably. In other words, is there a business case for offering youth savings products?
Global Entrepreneurship Monitor (GEM)
The long-term effects of the U.S. financial crisis and ensuing global downturn continue to be felt worldwide. In particular, it is the new entrants into the labour market – the youth – who are bearing the brunt of the sluggish global economy. Young people are three times more likely than adults to be unemployed, while even amongst the employed youth, many young people have only informal, temporary, or unpaid family jobs.
The Youth Economic Strategy (YES) Index seeks to provide policymakers, business leaders and other stakeholders with comprehensive and comparative data on the economic situation of youth in the 35 cities it covers. The index aims to inspire policymakers, the private sector and civil society to improve opportunities for youth aged 13 to 25. Are cities providing the enabling environment that supports the economic aspirations of youth? Are they making the proper investments and policy decisions to support youth and enable them to reap youth-driven dividends in the future?
Center for Strategic and International Studies (CSIS) and International Youth Foundation (IYF)
Vietnam’s achievements in reducing poverty, boosting the economy, and creating early gains in youth development make it a real success story. Yet according to the report you are about to read, that trajectory of growth and development can only be sustained with more targeted investments in the country’s younger generation—in such areas as marketable skills training, expanded civic engagement opportunities, and attention to the specific challenges facing Vietnamese young women.
The U.S. Chamber of Commerce Foundation
Aspen Network of Development Entrepreneurs (ANDE)
What are the gaps that keep young people from moving smoothly from education to employment? And how can education-focused entrepreneurs ease the transition?
Youth unemployment is a global problem, especially in developing and emerging markets. One of the reasons for this is the mismatch between employable skills and current approaches to education. Solutions are emerging to address the gap, but this is a complex problem that requires innovation in and coordination between the public and private sectors.