Introduction
The modern world faces a daunting challenge: youth unemployment is on the rise, while employers struggle to fill critical roles due to a widening skills gap. Amid a global polycrisis — a confluence of climate change, economic instability, geopolitical tensions, and technological disruption — the stakes have never been higher. This week, we explore how multi-stakeholder initiatives are working to bridge this gap, focusing on SAP and UNICEF's Generation Unlimited (GenU) partnership. Their collaborative approach offers a blueprint for equipping young people with the skills and opportunities needed to thrive in an evolving global economy.
Understanding the Crisis
Youth unemployment remains a persistent issue, with the International Labour Organization (ILO) reporting a global rate of 13% in 2023. Simultaneously, 44% of businesses worldwide struggle to find talent with the right skills, according to the World Economic Forum. This mismatch underscores a pressing need for systemic change in education and workforce training.
In many nations, economic growth has failed to translate into meaningful job creation for youth, a phenomenon known as "jobless growth." Additionally, underfunded education systems often fall short of preparing young people for the demands of modern industries. This disconnect is particularly stark in high-growth sectors like technology and sustainability, where rapid advancements outpace traditional educational models.
Case Study: SAP and UNICEF’s GenU Partnership
In response to these challenges, SAP and UNICEF launched a groundbreaking initiative under the GenU platform. Their collaboration focuses on creating "learning-to-earning" pathways in digital and green economies across Kenya, Nigeria, and South Africa.
- Key Features of the Program:
- Digital Skills Development: Through the SAP Educate to Employ initiative, young people gain foundational and advanced skills in digital technologies.
- Industry-Aligned Training: The program integrates real-world applications, preparing participants for roles in technology consulting and other high-demand fields.
- Inclusive Opportunities: Special emphasis is placed on reaching underserved youth, ensuring equitable access to resources and training.
- Impact So Far:
- Over 600,000 youth have accessed foundational and digital skills opportunities.
- 165 learners completed 400+ hours of critical skills training, achieving SAP certifications.
- 100 learners advanced to intermediate training, preparing for associate-level certifications.
This multistakeholder approach exemplifies how partnerships between private corporations, nonprofits, and governments can drive scalable, sustainable change.
Lessons from Around the World
Several global examples highlight the importance of aligning education with industry needs:
- Germany: The country’s robust vocational education and training (VET) system integrates classroom learning with on-the-job training, significantly reducing youth unemployment.
- Singapore: Through government-orchestrated collaboration between schools and industries, Singapore ensures that students are trained in fields with strong job growth potential.
These models emphasize the need for flexible, industry-responsive education systems that adapt to the evolving demands of the workforce.
The Role of Equality in Workforce Development
No strategy to reduce youth unemployment can succeed without addressing systemic inequalities. Women, marginalized communities, and rural youth often face additional barriers to education and employment. For instance, UNESCO reports that only 35% of STEM graduates globally are women.
Programs like women-in-tech initiatives and mentorship schemes can help bridge this gap, ensuring that opportunities are accessible to all. Companies that prioritize diversity and inclusion not only contribute to social equity but also gain a competitive edge through innovative and dynamic teams.
Call to Action: Building an Ecosystem for Change
The path to decent work requires coordinated efforts across multiple sectors. Policymakers, business leaders, educators, and civil society must collaborate to close the skills gap and create resilient labor markets.
- For Governments: Invest in education and training programs aligned with industry needs.
- For Businesses: Partner with educational institutions to develop targeted training initiatives.
- For Individuals: Explore learning platforms like YOMA to gain relevant skills and certifications.
SAP and UNICEF’s GenU partnership offers a powerful example of what’s possible when stakeholders unite for a common goal. By equipping young people with the skills they need, we can not only reduce unemployment but also drive inclusive economic growth.
Looking Ahead
As we navigate the challenges of a polycrisis, one thing is clear: investing in youth is an investment in the future. By addressing the interconnected elements of economy, education, employability, equality, and ecosystem, we can create a world where every young person has the opportunity to succeed.
Let us take inspiration from initiatives like SAP and UNICEF’s GenU and work together to build a more equitable and sustainable future.
Join the Conversation
How can we better align education with workforce needs? Share your thoughts in the comments or explore resources on the SAP and UNICEF GenU platforms to learn more about their impactful work.
Thank you for reading!
