Youth Unemployment: Back to Basics

Team Name: CANIOCountry: RomaniaSchool Name:Louvain School Of Management- BelgiumSolvay Brussels School- BelgiumHasselt University- Belgium

Experience & Discover

Mismatch between constant or declining job offers and increasing demand;

Increase of world-wide youth unemployment (2011: 13.6% , 2012: 22.4%)

Increase of labor productivity & people replaced by machines/technology

Demographic explosion (1980: 4.4 bill., 2011: 7 bill., forecasted index 2050: 9.3 bill.)

Experience & Discover RomaniaCauses of youth unemployment:

• Increased requirement of working experience even for entry-level jobs;

• Increasing requirements (foreign language skills, communication skills, IT skills, foreign experience)

• Lack of employment dynamics (seniority beats skills)

• Lower attractiveness/interest of/in unqualified jobs (degree not required)

• Under-developed educational programs for arts & crafts

• Job offer-related corruption and nepotism

• Job offer discrepancies between regions and rural and urban areas (chance inequality)

• Brain-drain phenomenon (eg. Romanian as the second language spoken at Microsoft, Google, NASA)

• Low long-term public investment in education & inadequate educational programs

Experience & Discover Romania (cont’d)

o

Providers of higher education transformed the educational purpose into business ( “diploma mill”)

Quantity > quality

No. of high school graduates < higher education offer

Misperception of needed mandatory education level

Offer of qualified jobs> demand of qualified jobs

Look for profit opposed to re-investment in education

A. Increase awareness of arts & crafts

1. Governmental Educational Program for primary school consisting in the introduction of arts & crafts related subjects and a mentoring program for pupils in last year of study before high school

• Mentoring program: compulsory class consisting in career advising by professionals from a wide area of industries & services

2. Increase the demand for arts & crafts high schools by investing in the level of human and physical capital of those schools, complemented by national level awareness programs.

A. Increase of awareness of arts & crafts (cont’d)

• Target group: primary school youngsters (11-15 years old)

• Life span: each academic year (Sept-June); program will exist until reaching a balance between graduates of theoretical and arts & crafts high-schools

• Outcome: increase of awareness and interest of youngsters in arts & crafts

B. Youth Start-Ups

A national level program initiated by the government with the use of EU funds concerning start-ups for university and arts & crafts graduates acting in different industries.

• Each start-up will be initiated by university top graduates (medium and high level management of the start-up) mentored by university professors and professionals. The vast majority of the start-ups employees will be selected from arts & crafts schools.

Idea

Business Plan

Entering the program

Funding

Start

Reaching maturity

B. Youth Start-Ups (cont’d)

• Target group: graduates (young unemployed)

• Life span: the program will exist until the maturity of the markets or/and reaching a desired level of youth employment rate.

• Timeline: 0-3 years/ project

• Outcome: decrease of youth unemployment rate over majority of industries

Interconnectivity of the programs

Youth unemployment

Focus on arts & crafts

schools

Balance work offers

Start-ups

Filling the gap

• Increase awareness & interest+ Gov. investments

• Increase arts & crafts work offers (balancing with huge offer of high level education graduates)

• Better response of the job offer to the job demand => work market stability

• Creating jobs in all industries

Planned Results And Outcome

• Our project proposes a big plan split in 2 parts which can take place at the same time

First part: A. Increase awareness of arts and crafts

Continuous project; increase the demand for arts & crafts schools

KPIs: - increase the number of scholars that follow arts & crafts schools by 25% in the next 2 years

- reach 40% graduates from arts & crafts schools out of overall graduates number

- media campaign through all channels in order to increase arts & crafts schools visibility

Second part: B. Youth start-up

Continuous project; create partnerships for developing start-ups

KPIs: - reach a no. of 50 start-ups/year at national level

- impose a no. of at least 5 full-time employees per start-up under 25 years old at the start moment

- 60% of the employees (management excluded) must be arts & crafts graduates

- reach a no. of 60% of survival start-ups after 3 years

Global KPI: - number of employed arts & crafts graduates divided by total number of arts & crafts graduates more than 65%

A

B

AB