South Africa faces the third highest youth unemployment rate in the world, due to high labor costs, a massive skills gap and vulnerability. The Employment Tax Incentive (ETI) is a wage subsidy scheme meant to incentivize firms to hire more young people by offsetting the cost.
Viridis Learning is a unique educational and job-matching program aimed at fostering a labor market-matching infrastructure through a technology platform, that includes features such as an employability score, a lifelong “Skill Passport” with stackable credentials and employer access to a real-time database of qualified job candidates.
An increasing number of German youth are unable to access Germany’s much lauded vocational training system due to increased competition and a shortage of spots. The German government has introduced the “transition system” – a collection of schemes aimed at providing young people a bridge between school and the vocational training system.