Mexico City, 19 January. Marath Bolaños López, Undersecretary of Employment and Labor Productivity of the Ministry of Labor and Social Welfare (STPS), presented the Youth Building the Future program to members of the Embassy and companies of the Canadian Chamber of Commerce in Mexico, which is within the framework of the Youth Building the Future program. Mexico-Canada High-Level Economic Dialogue (DEAN).
During the meeting, the federal official remarked that four years after the launch of the flagship program that will boost the employment of half a million scholarship holders to the Youth Building the Future program this 2023 in the country, a talent hunt seeks to . mechanism for our North American partners.
He pointed out that so far the program has benefitted nearly 2,400,000 youth and added a historic investment of 115,000 million pesos to this year’s budget, which not only reaches trainees in the training process, but also indirectly supports operations Is. Work centers participating in the program and their economic reactivation during the pandemic. Currently, 258,000 youth are in the training process.
Elaborating on how the program works, Bolaños López highlighted the importance of a gradual increase in the minimum wage, which has a direct impact on the amount of financial aid provided, reaching 6,310 pesos this year , as well as registration with the Mexican Institute of Social Security (IMSS). The approved budget for JCF’s operations this year is 23 billion pesos.
In relation to outcomes in young people’s placement, he highlighted that 46.2% is the rate of scholarship holders who were accepted, and this doubles the chances of being accepted into a job for those Those who cannot stay in the company in which they were. Trained, “The average placement in the first job is 22%,” he pointed out.
In the presence of Rodrigo Ramirez Quintana, head of the National Employment Service Unit, the undersecretary listed other mechanisms available to the STPS to reform the country’s labor market, such as job fairs, organized by the 167 offices of employment nationally Let’s go , internal labor mobility and temporary agricultural labor programs.
He also mentioned the operation of employment portals and support mechanisms for employment in specific productive sectors such as tourism, as well as sustainable labor inclusion campaigns for people with disabilities, the elderly and from a gender perspective. These tools have made it possible to serve around 9 million job seekers, managing to place more than 1.5 million people.
Finally, Marat Bolaños offered advice and support to the Undersecretary’s staff for the registration of those interested in the Youth Building the Future program.