To achieve critical business goals and remain competitive, infrastructure and natural resources companies need to engage a largely underutilized asset: the world’s 1.8 billion youth. Young people will make up as much as 75 percent of the workforce by 2025. They are also up to three times more likely than adults to be unemployed. Companies are well positioned to increase their resilience while providing more opportunities for youth across the value chain, including direct and indirect jobs.
IFC’s Sustainable Infrastructure Advisory helps companies to realize opportunities for youth engagement by framing a response to four key challenges that infrastructure and natural resources sectors face:
- Talent acquisition and a workforce of the future
- Innovation and competition in an era of rapid technological change
- Building stable, resilient communities and economies
- Increasing pressure for environmental, social, and corporate governance
We understand the importance of investing in young people whether as local leaders or as members of the workforce. We guide our clients to engage in activities that go beyond meeting corporate social responsibility targets or mitigating risks to create shared value.
Implementing strategies that directly respond to the potential of young people and tracking impact will be essential for industry to align objectives across departments, including attracting and retaining talent.