[global hr forum 2014] youth start-ups & job policies (2)

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GLOBAL HR FORUM, DR. FERIDUN HAMDULLAHPUR SEOUL, KOREA, NOVEMBER 5 2014 YOUTH START-UPS AND JOB POLICIES

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Between 2004 and 2013, youth employment rate in Korea has decreased from 45.1% to 39.7%. Its main reason was a drastic decline of employment in the age of early 20s. The government has been developing various types of solutions, especially of which encourage youth start-ups, as it is very likely to lower the youth unemployment rate and promote job-oriented growth. Based on this background, this session will cover the successful cases of foreign governments’ job creation policies and possible solutions for current job market issues in Korea.

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Page 1: [Global HR Forum 2014] Youth Start-Ups & Job Policies (2)

GLOBAL HR FORUM, DR. FERIDUN HAMDULLAHPUR

SEOUL, KOREA, NOVEMBER 5 2014

YOUTH START-UPS AND

JOB POLICIES

Page 2: [Global HR Forum 2014] Youth Start-Ups & Job Policies (2)

INNOVATION ACCELERATES

SOCIETY’S CAPACITY FOR

REVITALIZATION AND

GROWTH.

THE TORONTO STAR, APRIL 9, 2013

Page 3: [Global HR Forum 2014] Youth Start-Ups & Job Policies (2)

YOUTH UNEMPLOYMENT IN ADVANCED ECONOMIES

Youth unemployment (ages 15-24) across OECD in Q2, 2014:

Page 4: [Global HR Forum 2014] Youth Start-Ups & Job Policies (2)

Projected GDP Annual Growth Rates across OECD in 2014:

GDP GROWTH RATES IN ADVANCED ECONOMIES

Page 5: [Global HR Forum 2014] Youth Start-Ups & Job Policies (2)

EXISTING FIRMS ARE NET JOB

DESTROYERS, LOSING 1 MILLION JOBS NET

COMBINED PER YEAR.

BY CONTRAST, IN THEIR FIRST YEAR, NEW

FIRMS ADD AN AVERAGE OF 3 MILLION JOBS.

EWING MARION KAUFFMAN FOUNDATION

2010

Page 6: [Global HR Forum 2014] Youth Start-Ups & Job Policies (2)

48% OF THE UNIVERSITY OF WATERLOO’S 2013

INCOMING STUDENTS SEE THEMSELVES

STARTING A BUSINESS AFTER GRADUATION.

Page 7: [Global HR Forum 2014] Youth Start-Ups & Job Policies (2)

Entrepreneurship

One of the

world’s most

entrepreneurial

universities

Transformational

Research

Changing lives and

advancing industries

through high impact,

highly relevant research

Experiential Education

Transforming

education and

economies with

experiential learning

INNOVATION AT WATERLOO

Page 8: [Global HR Forum 2014] Youth Start-Ups & Job Policies (2)

ENTREPRENEURSHIP

Students

Velocity, Co-op, Conrad Centre

Researchers

IP Policy, WatCo

Top 20 Innovative Ecosystems

StartupGenome

Page 9: [Global HR Forum 2014] Youth Start-Ups & Job Policies (2)
Page 10: [Global HR Forum 2014] Youth Start-Ups & Job Policies (2)

CO-OP GRADUATES EMPLOYABILITY

Page 11: [Global HR Forum 2014] Youth Start-Ups & Job Policies (2)

WHAT CAN GOVERNMENT DO

• Enable policy

• Enhance stable funding

Page 12: [Global HR Forum 2014] Youth Start-Ups & Job Policies (2)

WATERLOO’S DNA

Page 13: [Global HR Forum 2014] Youth Start-Ups & Job Policies (2)