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Creating Win-Win Solutions for Youth Unemployment

Written by Sevaun Palvetzian 
Published in HRPA Today

In Canada, over 500,000 youth are not in education, employment or training (NEET). In the Toronto region, the number comes to over 80,000 for youth aged 15 to 24. These young people are effectively in limbo, and the reasons may include barriers like socio-economic status, demographic background or personal circumstances that prevent them from entering the job market. Early joblessness can lead to reduced confidence, lack of hope and long-term financial instability.

The government can’t solve this problem alone. Employers can help close the gap, and doing so can address their own labour needs, creating a win-win solution for both employers and youth who need jobs. According to CivicAction’s 2014 report released with the launch of Escalator, hiring barriered youth can present numerous benefits to employers, including reduced labour, training and talent pipeline costs associated with hiring dedicated employees at the entry level and then developing them. Tapping into diverse pools of young talent can offer real competitive advantage by reflecting a broad customer base. And showing a commitment to youth opportunity and corporate social responsibility can help enhance brand image and deepen employee engagement.

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