Targeted Training Programs and Entrepreneurship Initiatives Critical to Combatting Youth Unemployment

Strategic Insights -

The problem of youth unemployment is escalating globally, with 16 to 24-year-olds out of work continuing to rise. In the UK, for example, one in five young people is jobless, a record high. Manpower Inc., a global innovative workforce solutions provider, emphasizes the need for targeted training programs and entrepreneurship initiatives to engage young workers and tackle the economic and social consequences of youth unemployment. With a focus on entrepreneurship and vocational training, Manpower aims to equip young people with the skills and tools to make themselves more appealing to potential employers.

Key Takeaways:

  • The number of 16 to 24-year-olds out of work continues to rise globally, with one in five young people unemployed in the UK, a record high.
  • Manpower Inc. recommends targeted training programs and entrepreneurship initiatives to engage young workers and tackle the economic and social consequences of youth unemployment.
  • Skilled trades, such as electricians, plumbers, and carpenters, are in high demand but face perception issues and are often overlooked as a career path.
  • Manpower's goal is to create a societal shift to make skilled trades more appealing and valued, and to emphasize the unique value and rewards of working in these fields.
  • The need to engage young workers grows as older workers continue to exit the workforce, taking valuable skills and experience with them.
  • Manpower Inc. participates in high-profile events, such as the World Economic Forum, to discuss solutions to youth unemployment and underemployment.
  • The company's portfolio of job training and corporate social responsibility programs aims to improve the employability of young people, particularly in emerging economies.

Statistics:

  • 1 in 5 young people in the UK are unemployed, a record high (Source: Manpower Inc.).
  • 62 years of experience in personnel staffing (Source: About Manpower Inc.).
  • 62,000 employees in 4,000 offices in 82 countries and territories (Source: About Manpower Inc.).
  • 400,000 clients per year, including small and medium-size enterprises in all industry sectors (Source: About Manpower Inc.).
  • 16 to 24-year-olds out of work continue to rise globally (Source: Manpower Inc.).

Sources:

  • "Targeted Training Programs, Entrepreneurship Must Tackle Youth Unemployment—Report," PRNewswire, January 24, 2011.
  • About Manpower Inc., Manpower Inc., n.d.
  • SOURCE Manpower Inc., PRNewswire, January 24, 2011.