Context: A total of 36 per cent of the Mongolian population are youth, aged 15 to 34, who also comprise 55 per cent of the working population. According to the “Human Development Report 2016,” students spend 2.6 to 3.0 years looking to secure employment in their chosen profession.
Recently, a demographic window has formed in Mongolia, and will continue for 8 to 12 years. By the calculations of demographers, Mongolia will become an ageing society by 2040. Efficiently utilizing its working-age population will have a crucial impact on the sustainable development of Mongolia.
Implementation of programme / initiative: The aims of the programme are:
- To provide MNT 2 million (USD 820) per graduate to purchase the equipment needed to support self-employment and income
- For graduates or groups of vocational training graduates to have the chance to participate in a business incubator
- For the “Employment Support Centre for Students” to organize a mediation event for students to find part-time jobs
Main challenges: The programme’s main challenges are the lack of accessible information regarding available jobs, as well as the evident gender gap in the youth labour market. Students’ inadequate amount of professional experience and lack of appropriate qualifications also strain the programme’s application.
Results achieved: In the first 11 months of 2016, 454 graduates received financial support of MNT 897,230,000 (USD 368,000) from district labour agencies. An additional 495 graduates joined business incubators and 49 per cent of the participating graduates were women.
2023 employers engaged 8026 students in part-time work during this time period at a cost of MNT185,811,424 (USD 76,000).
Moving forward: The programme has helped many graduates initiate their businesses and supports graduates of vocational training colleges. It is hoped that the lessons learnt from the programme will lead to more efficient operations.
Replicability: The programme funded graduates to buy equipment for their businesses and could be replicated by other governments willing to provide this financial incentive. When looking to replicate the programme, it would be important to find a way to advertize jobs to students and increase their knowledge of the availability of work opportunities.
Date: December 15, 2017