“There are 26.2 million people unemployed in the EU today – an increase of more than 9 million people from 2008. This trend has significant economic, political and social consequences for Europe. The challenge for European leaders is to solve this puzzle and to help citizens find sustainable and long-term employment opportunities.”
(www.iiea.com – The Institute of International and European Affairs)
Sustainable and long-term employment opportunities do not include just generating new job posts, but also educating and preparing youth to be ready for responsibilities these job posts bring. Nowadays Millennials complain about the lack of open job posts, while businesses argue that Gen Y lack the needed skill sets.
Who is right and who is wrong?
Rather than taking one side, let us consider the fact that there is a gap in expectation setting from both sides: what young people want from their employers vs. companies’ expectations from their employees and the type of employee they would be more likely to hire. Imagine what would happen if we aligned supply and demand – the kind of the jobs young people are looking for and developing the set of characteristics young people need to perform in their dream jobs.
What is also often disputed when talking about youth unemployment is the mindset young people born as Gen Y share – they are ambitious but not humble; they expect excellent conditions from the get go; they are not prepared to start from scratch and work up the ranks, rather demanding everything right now. How can we make sure young people understand what is needed in order to land their dream job? How can we shift the current mindset?
As often happens, challenges arise from more than one source; it is the combination of everything mentioned above. On one hand, the education young people are acquiring is leaving them unprepared to deal with today’s job market reality. They lack practical knowledge, skills and strategic thinking, which are usually not acquired through formal education. And on the other hand, employers seek young people who are ready to dedicate themselves to work, learn and advance but who nevertheless have some previous experience or at least certain set of characteristics and skills. Do we as young people know what these characteristics are? And are we developing them?
On April 7th in Warsaw, Poland, Europe Youth to Business Forum will gather all stakeholders important in solving the issue of youth unemployment – young people, educators, government and business. They will have the opportunity to discuss and generate ideas on how collaboration can lead to solving this challenge in the region.
Join us on livestream (bit.ly/EuropeY2BF) and contribute to flipping the switch on youth unemployment in Europe!