Year 2022 begins with a scenario where after 2 years of pandemic, it seems that we are back to normal but with some lessons learned and we begin to see the impact that the pandemic has left.
In these years we have seen that the pandemic has acted as a catalyst for change both in higher education and in the labor market. It also has changed the thinking in the region's institutions about what is needed for the future, in addition to boosting the edtech sector, where the investment has grown considerably.
According to the ILO (International Labor Office), the COVID-19 crisis in the labor markets raised the unemployment rate among Latin American and Caribbean youth to over 20 percent, a proportion that is three times the rate for adults and more than double the average general unemployment rate in the region. In absolute numbers, more than 10 million young people are seeking employment without finding it.
In addition to this challenge, more than four out of every ten companies in Latin America say they have difficulty finding workers with the right skills. According to ManpowerGroup surveys, 39% of Latin American organizations have problems filling vacancies and 68% say they do not have the right candidates.
That is why this year from TPrize we want to focus on reducing the skills gap of young people so that they have better opportunities and can participate in the transformation of their environments. It is necessary to invest in skills to anticipate present and future needs.
To this end, the TPrize 2022 challenge seeks technological solutions that impact Latin America and the Caribbean to:
- Propose to teachers, tools, methodologies and best practices for the development of skills and competencies in young people.
Approach employers with skills recognition strategies to be facilitators for first experiences and opportunities.
Provide to disadvantaged youth with tools and applied knowledge to accelerate their employability.
Implement proposals that contribute to the reduction of the gender gap both in training and in the insertion and permanence of young women in the labor market