Cost-effectiveness of youth workforce development Lessons from - - PowerPoint PPT Presentation

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Cost-effectiveness of youth workforce development Lessons from - - PowerPoint PPT Presentation

Sep 02, 2023 308 likes •652 views

Cost-effectiveness of youth workforce development Lessons from three CRS YouthBuild models in four countries Fernando Cardona Fernando Before YouthBuild Du During ring Yo Yout uthBuild

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Cost-effectiveness of youth workforce development

Lessons from three CRS YouthBuild models in four countries

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Fernando Cardona

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Fernando Before YouthBuild

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Du During ring Yo Yout uthBuild hBuild

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After YouthBuild

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1.8 billion young people worldwide; 40% of the unemployed are youth

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Implementation Phases of YouthBuild in Central America

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850 850 Youth th

St Stan andar ard

1540 0 Youth th

Se Send nderos ros Cam amin inos

760 760 Youth th

Gov

  • vernm

ernment ent hi hires con

  • ntract

ractors

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Why Do A Costing Study?

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An innovative study for the Americas

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YouthBuild is Cost-Effective

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4 countries: 10 implementers 3 models 2 years

  • f data

Measure

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Limits of the Study

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Efficiency and Effectiveness in YouthBuild

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Efficiency – Graduation

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This study is unique..... It goes beyond the few that do exist

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Cost-effectiveness

Key concepts

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Cost of implementation per youth enrolled, graduated, and placed

850 850 Youth th 1540 0 Youth th 760 760 Youth th 2,208 208 Youth uth

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Direct benefit calculation: Pay increase per youth placed

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Indirect benefit calculation:

Prison administration expenses 2017 US $

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Cos

  • st-Benefit

Benefit and nd Re Return rn on

  • n

Inv nvestment estment

3 2 3 3

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4

YouthBuild is Cost-Effective

Key Elements to Success

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Efficiency guaranteeing

  • graduation. If young

people drop out along the way, investment is lost.

1

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2

Focus on Placement:

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3

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4… Relationships

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Oth ther er spe pending nding cho hoices ices

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Implications

Sh Shorter ter Cheaper aper Cost st- Effectiv tive

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Ask Ask Ferna Fernando ndo

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Cost-effectiveness of youth workforce development

Lessons from three CRS YouthBuild models in four countries