With the goal of promoting quality youth employment and, under the moto of “what cannot be measured, cannot be improved”, Adecco and FirstJob announced an alliance.
The announcement was made during the event “Employers for Youth”, which awards the best companies to work according to young professionals in Chile.
Employers for Youth
The award is the result of the report Employers for Youth (previously known as Best FirstJob Employers), which surveyed over 7,000 young Chilean professionals of the 35 participant companies.
The top five companies of the ranking were:
- Procter & Gamble
- Banco Estado Microempresas
- DHL
- Mercado Libre
- BCI
An interesting aspect of this survey includes the attributes that young people find most appealing when choosing their current job. Such attributes include: Learning and development opportunities (21%), Labour Stability (14%), the company’s image (12%), Benefits (11%), and Work Environment (9%).
The Alliance
David Herranz, CEO of Adecco Latin America, said “the goal of this alliance is to enforce the importance that new generations have in the labour market, and promote the commitment of the business world with young people. With this cooperation agreement with FirstJob, we are confirming our commitment with quality youth employment. In order to achieve that, out main challenge is to transform young professionals’ workforce into the “talent” that the future of work demands”.
In addition, Mario Mora, CEO of FirstJob, said “we are working to get companies to measure their efforts in a regional level and generate better practices among the different countries. The goal is to acknowledge those companies that are working hard to adapt to the requirements of this new generation and that have granted competitive advantages regarding the attraction and retention of young professionals”.
The Latin American context
According to the World Bank, there are currently 30 million people aged from 15 to 24 years old in Latin America who belong to the group called Neets – neither in education, employment or training-. Furthermore, the report “Social Panorama of Latin America 2017” shows that 40% of young men work under informal conditions, while among young women the percentage jumps to 60%.
In addition, millennials have become a key factor for the economy. During the next 10 years, this generation will be 75% of the global workforce
On these regards, David Herranz pointed out that “Adecco Group has a clear commitment with promoting youth employability by developing agreements with both, the private and the public sectors, through initiatives such as: Way to Work, which provides young people with the opportunity to gain working experience, while guiding them when they are looking for a job; CEO for One Month, with 15,000 candidates for the program in the region; and the Global Apprenticeships Network (GAN), a global alliance of companies and institutions.
About Adecco Group
The Adecco Group is the world’s leading provider of workforce solutions. It has been at the forefront of the workforce solutions industry for more than 50 years, and it was among the top 10 best companies to work at, according to Great Place to Work 2016. It has over 33.000 full-time employees in the world, has provided a job to over 35,000 youngsters, and has worldwide presence.
In addition, the Adecco Foundation has placed over 19,200 people with disabilities, over 10,000 women under risk of being excluded, and 1,400 people who belong to other groups under social and labour exclusion risks.
About FirstJob
FirstJob connects students and young professionals with practices and first jobs. The company currently has over 200,000 users and 200 client companies. It has received national and international awards, including being acknowledged by the Inter-American Development Bank (IDB) as one of the startups that is changing urban lives, and being considered the 8th most innovative company in Latin America according to Fast Company 2016.
Since 2015, it has been implementing the Employers for Youth survey (previously known as Best FirstJob Employers).