The plan for "Identifying The Best Metrics For Youth Employment" aims to bolster the "Youth Employment Support" initiative by focusing on critical metrics. These metrics are vital because they provide insights into the effectiveness of employment strategies. For instance, "Employment Rate" helps measure the success of training programs by tracking the percentage of trainees who secure jobs, while "Average Time To Employment" gauges the efficiency of the job-seeking process.
Monitoring the "Retention Rate" ensures that young employees are not only entering the workforce but are also staying employed, verifying the long-term success of the support systems. Meanwhile, the "Salary Growth Rate" and "Job Satisfaction Rate" offer a view into the qualitative outcomes of employment, such as financial stability and overall job happiness, which are central to sustainable career development.
Top 5 metrics for Youth Employment Support
1. Employment Rate
The percentage of trained youths who secure formal employment within a defined period.
What good looks like for this metric: 60-70%
How to improve this metric:- Enhance job matching with employer networks
- Develop personalised career coaching programs
- Provide job readiness workshops
- Offer internship or apprenticeship opportunities
- Strengthen partnerships with local businesses
2. Average Time To Employment
The average duration between program completion and securing a formal job.
What good looks like for this metric: 3-6 months
How to improve this metric:- Streamline the job application process
- Increase interviewing preparation support
- Foster relationships with quick-hiring companies
- Regularly update job market trends
- Provide continuous job search support
3. Retention Rate
The percentage of youths who remain employed for at least six months in their first job.
What good looks like for this metric: 70-80%
How to improve this metric:- Implement follow-up support for new employees
- Offer skill enhancement workshops
- Encourage mentor-mentee relationships
- Promote workplace adaptability training
- Facilitate employee feedback sessions
4. Salary Growth Rate
The percentage increase in earnings for employed youths over a specified period.
What good looks like for this metric: 5-10% annually
How to improve this metric:- Encourage negotiations for better starting salaries
- Provide skill improvement sessions
- Highlight high-growth career paths
- Support networking events
- Track industry salary trends
5. Job Satisfaction Rate
The percentage of youths reporting satisfaction with their employment within the first year.
What good looks like for this metric: 70-85%
How to improve this metric:- Conduct regular job satisfaction surveys
- Provide career development opportunities
- Encourage work-life balance
- Facilitate peer support groups
- Address workplace grievances promptly
How to track Youth Employment Support metrics
It's one thing to have a plan, it's another to stick to it. We hope that the examples above will help you get started with your own strategy, but we also know that it's easy to get lost in the day-to-day effort.
That's why we built Tability: to help you track your progress, keep your team aligned, and make sure you're always moving in the right direction.
Give it a try and see how it can help you bring accountability to your metrics.
