The new effort will connect unemployed and underemployed
young adults with training and jobs starting later this year
Feb 2018 (Washington DC, USA): Punjab Skills Development Fund (PSDF) and Generation have joined forces to address the challenges facing young people who are seeking to connect with the job market. Together, the two leading organizations will bring a proven, innovative model—the Generation program—to Pakistan.
The partnership would launch a joint program in Lahore, expanding to additional locations in the future, to reach 2,500 young adults with the Generation program during the pilot phase. The organizations are currently evaluating the sectors and professions to target, including garments industry, healthcare, financial services, customer service, and digital jobs. The new program will seek to partner with local and national employers in the target sectors to identify job vacancies and deliver great talent.
“PSDF has developed a strong reputation for delivering skills programs guided by evidence on what works. We are now partnering with Generation, a world-renowned nonprofit, to incorporate proven international experience into our training programs to raise the productivity of firms across Punjab,” said Dr. Ijaz Nabi, Chairman PSDF.
“Generation is successfully delivering skilled graduates for employers in countries across four continents. PSDF is delivering innovative solutions to maximize income generation results for its graduates. It is this shared purpose and mindset of our two organizations that brings us together. PSDF brings Generation to Pakistan. This partnership will ensure that PSDF-funded programs and its graduates benefit from the globally proven methodology and tools used by Generation around the world,” said Jawad Khan, CEO PSDF
“This is an exciting start to the year for Generation, expanding from our original five countries into new geographies,” said Mona Mourshed, President and CEO of Generation. “We’re honored to be working with an organization as respected and innovative as PSDF to bring Generation’s proven approach to Pakistan for the first time.”
Generation is a demand-driven employment program that recruits, trains, and places young people in jobs. Working closely with employers, Generation has established programs across 20 professions and four sectors. The participants of the new program in Pakistan will join more than 17,000 existing graduates across five countries—India, Kenya, Mexico, Spain and the United States. Of those graduates, 83% of them have jobs within three months of graduation and more than 70% remain employed a year later. On average, graduates make two to six times the income after Generation than they did before, and collectively Generation’s graduates have earned more than US$55 million in salaries.
Participants in the Generation program complete an intensive 4 to 12-week “bootcamp-style” training that integrates technical skills along with behavioral and mindset skills, helping students overcome both workplace and personal challenges. After successfully completing the program, students are guaranteed job interviews with employer partners. Employers see a return on their investment, with 98% percent of hiring employers say that they would hire a Generation graduate again and 88% saying that Generation graduates outperform their peers.
The new program in Lahore will launch officially in the second quarter of the year. For now, interested partners or employers can learn more by contacting firstname.lastname@example.org.
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Punjab Skills Development Fund (PSDF) is a section 42 not-for-profit company established in 2010 under the Companies Ordinance 1984 by the Government of the Punjab in partnership with the UK’s Department for International Development (DFID, UK). The World Bank is also providing funds to the Punjab Government for the trainings to be funded by PSDF. PSDF aims to provide quality skills and vocational training opportunities to the poor and vulnerable populations of all the 36 districts of Punjab in order to improve livelihood prospects for them. Since its establishment in 2011, PSDF has trained 250,000 youth in over 200 trades and it works with over 250 private & public sector training providers. Over the next 5 years, it will be training over 400,000 youth across Punjab that will be employed in Pakistan and abroad.
Punjab Skills Development Fund (PSDF)
Today, more than 75 million young adults are out of work globally, and three times as many are underemployed. At the same time, 40 percent of employers say a skills shortage is leaving them with entry-level vacancies. Generation is a youth employment nonprofit with a dual mission to empower young people to build thriving, sustainable careers and to provide employers the highly skilled, motivated talent they need. The first active programs have been in India, Kenya, Mexico, Spain, and the US, and Generation is launching in the United Kingdom, Hong Kong, and Pakistan to start 2018. The organization was founded by McKinsey & Company in 2014.