There is a well-known idiom saying that you can't compare apples and oranges. But this is precisely the challenge researchers often face when it comes to measuring the jobs impact of development projects. Having standardized impact evaluation tools and methods is a milestone for private sector-led job investments, and it allows international financial institutions, development practitioners, and governments to build on existing knowledge to develop solutions. And this is precisely one of the goals that Let's Work partnership, composed of 30 different institutions, is currently pursuing; to track the number of jobs generated from private sector-led interventions, the quality of those jobs, and how inclusive those jobs are in a standardized way, so apples are compared to apples and oranges to oranges.
Innovations in youth employment programs are critical to addressing this enormous development challenge effectively. Rapid progress in digital technology, behavioral economics, evaluation methods, and the connectivity of youth in the developing world generates a stream of real-time insights and opportunities in project design and implementation. Part of the challenge is the sheer number of projects (just in Egypt, there are over 180 youth employment programs). And even without being aware, projects often innovate out of necessity in response to situations they face on the ground. But innovations need to be tested in different country contexts to be able to make an impact at scale.
Through the new Solutions for Youth Employment (S4YE) report, our team ventured to curate a few such ongoing innovations as they were being implemented through S4YE’s Impact Portfolio — a group of 19 youth employment projects from different regions being implemented by different partners across the globe. This network of youth employment practitioners serves as a dynamic learning community and laboratory for improving the jobs outcomes of youth globally.
Jobs are what we earn, what we do, and sometimes even who we are. For the poor and vulnerable of the world, jobs are key to ending poverty and driving development. But not all jobs are equally transformational. Good jobs add value to society, taking into account the benefits they have on the people who hold them, and the potential spillover effects on others. For example, inclusive jobs, such as those that employ women, can change the way families spend money and invest in the education and health of children.
- Private Sector Development
- Latin America & Caribbean
- The World Region
- South Asia
- South Africa
- Burkina Faso
- Cote d'Ivoire
- West Bank and Gaza
- Sri Lanka
Nurturing startups is not just about providing funding. It’s also about encouraging innovation and bold ideas, building a supportive network of capital and expertise, and providing opportunities for sharing knowledge. That’s why IFC’s Istanbul Operations Center recently organized Innovation Marketplace, an invitation-only event for more than 20 local and regional companies and 16 hand-picked startups that sought to develop new partnerships and encourage entrepreneurship in Turkey.
Governments worldwide are increasingly exploring policies that will remove the constraints or disincentives for individuals to have access to jobs. One set of interventions are active labor market programs, which focus on employment services, training, and subsidies to employers to stimulate hiring. Governments are also looking at alternative activation strategies, which essentially reward those who search for jobs with benefit payments and support services. In Part III of a three-part series, we hear from David Grubb, Senior Economist with the OECD Labour and Social Affairs Directorate and Jochen Kluve, Professor of Labor Economics, Humboldt University, Berlin.
Governments worldwide are increasingly exploring policies that will remove the constraints or disincentives for individuals to have access to jobs. In Part II of a three-part series, we learn more about Turkey's labor policies from Ümit Efendioğlu, Director for the ILO Office in Turkey; Gokce Uysal, Researcher, Betam Bahcesehir University Center for Economic and Social Research; and David Grubb, Senior Economist in the Employment Analysis and Policies Division of the OECD Labour and Social Affairs Directorate.