Recovery, Renewal, Resilience

Lessons for Resilience

Consider measures to reduce youth unemployment due to COVID-19
Topic:
Economic
Keywords:
Education and skills
Content:

In the UK, it is expected that youth unemployment will rise by over 640,000 in 2020 taking the total to over 1 million. Under 25s may face years of reduced pay and limited job prospects long-term. Consider strategies to tackle youth unemployment:

  • Encourage organizations to develop partnerships with UK employers, government, education institutions, and civil society to create quality work placements for young people
  • Promote the benefits of employer networks e.g. lower recruitment costs and improved staff retention to facilitate more work placements
  • Consider measures such as the ‘EU measure against youth unemployment’. The Commission wants EU countries to increase their support for the young through their recovery and suggest member states should invest at least €22 billion for youth employment. Initiatives also include:
    • Youth Employment Support which includes The Youth Guarantee which aims to ensure people under the age of 25 get a good-quality offer of employment, continued education, an apprenticeship or a traineeship within four months of becoming unemployed or leaving formal education.
    • Extending the Youth Guarantee which covers people aged 15 - 29 (previously the upper limit was 25) and:
      • Reaches out to vulnerable groups, such as minorities and young people with disabilities
      • Provides tailored counselling, guidance and mentoring
      • Reflects the needs of companies, providing the skills required and short preparatory courses
Source link(s):