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Modernize Internships and Startup Incubators, ManpowerGroup Advocates

Modernize Internships and Startup Incubators, ManpowerGroup Advocates

Tomorrow's Business Leaders Require Skills That Will Sustain Companies

ManpowerGroup the world leader in innovative workforce solutions, recommends increased collaboration between governments, educators and businesses to improve the employability skills of youth, ahead of the United Nations' International Youth Day on Sunday — a day which draws attention to hardships facing young people across the globe.

The number of underemployed and unemployed youth is rising in nearly all countries and regions. According to the International Labor Organization's Global Employment Trends for Youth, 2011 Update, the global youth unemployment rate rose from 11.8% to 12.7% between 2008 and 2009, the largest one-year increase on record. The 2012 UN World Youth Report estimates that 75.1 million young people were unemployed by the end of 2010.

"This disturbing trend is exacerbated by the fact that young people do not possess the skills and qualifications for available jobs," said Jeffrey A. Joerres, ManpowerGroup Chairman and CEO. "Also, there are simply fewer jobs to accommodate rising youth populations. Private-public sector platforms are essential for building up the entrepreneurs and intrapreneurs needed to spawn more companies. This same type of collaboration is also required to advance skilled trades training and transform vocational schools into an attractive career launching pad."

At the World Economic Forum on Latin America in April, ManpowerGroup released the insight paper, "Wanted: Energized, Career-Driven Youth," addressing the paradox of low labor market participation of young people against a backdrop of acute talent shortages — one in three employers worldwide is having difficulty finding qualified candidates, according to ManpowerGroup's 2012 Talent Shortage Survey.

In January, at the World Economic Forum Annual Meeting, ManpowerGroup called for more collaborative public-private initiatives to launch productive careers for youth worldwide. At Davos, Joerres participated in a session titled "Averting a Lost Generation," exploring solutions to the problem. In February, David Arkless, ManpowerGroup President of Corporate and Government Affairs, moderated a United Nations Economic and Social Council (UNECOSOC) panel, titled "Building New Ground: Partnerships for More and Better Jobs for Young People." Jonas Prising, ManpowerGroup President of the Americas, is chairman of Junior Achievement USA, an organization that empowers people to drive economic success via programs focusing on work readiness, entrepreneurship and financial literacy.

"The rationale for employer initiatives to promote youth employability is simple: businesses that can strategically source, manage, and create needed talent for the long-term will be able to seize emerging economic opportunities, while those that fail to address this challenge will be outperformed by their competitors," said Arkless. "Individuals who are given access to learning opportunities and who can cultivate the right skills will thrive in the labor market and contribute to employers."

"Wanted: Energized, Career-Driven Youth," suggests business driven solutions to the youth employment challenge, including greater employer participation in career guidance programs for students promoting more positive images for vocational education creating and engaging with programs that build young people's work experience and making investments that address a shortage of career-oriented, entry-level jobs.


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