According to a recent International Labour Organization (ILO) report, 73.4 million young people were estimated to be unemployed in 2015 (13.1% youth unemployment rate). This figure is expected to increase across the World by 2017.
“One reason for youth unemployment is structural unemployment, a mismatch between the skills that workers in the economy can offer and the skills demanded of workers by employers,” the report points out.
“Undeniably, structural unemployment is an issue that is affecting most countries in the world today with it effects not only slowing down economies but also hindering the transition to equitable and inclusive societies as envisaged in the 2030 Agenda for Sustainable Development,” says George Wachiuri, Optiven Group CEO.
Optiven Group plans to directly employ 30, 000 staff by the year 2030. A huge number of this firm’s employees fall under the youth age structure. The Group is also a great apprenticeship ground. This is especially so with its brand new SBU, Optiven Construction, which is already helping upscale many young men’s skills.
“We are also keen on providing training opportunities for current employees to assist them acquire new skills. This is not to mention the fact the Optiven Group is also constantly offering internship program for many young Kenyans,” says Wachiuri.
According the ILO, young people are almost three times more likely to be unemployed than adults and continuously exposed to lower quality of jobs, greater labor market inequalities, and longer and more insecure school-to-work transitions. In addition, women are more likely to be underemployed and under-paid, and to undertake part-time jobs or work under temporary contracts.
The United Nation’s Sustainable Development Target 4.4 projects that by the year 2030, the World will have substantially increased the number of youth and adults who have relevant skills, including technical and vocational skills, for employment, decent jobs and entrepreneurship.