Colombia Workforce Development SIB: Empleando Futuro
Aligned SDGs
- Colombia Workforce Development SIB: Empleando Futuro
- General overview
- Location
- Involved organisations
- Outcome metrics
- Results
- Other resources
- Spreadsheet of data
- Colombia Workforce Development SIB: Empleando Futuro
- General overview
- Location
- Involved organisations
- Outcome metrics
- Results
- Other resources
- Spreadsheet of data
General overview
Stage of development: Complete
Policy sector: Employment and training
Date outcomes contract signed: Mar 2017
Start date of service provision: May 2017
Anticipated completion date: Dec 2019
Actual completion date: Dec 2019
Capital raised (minimum): COP 960m (USD 325.28k)
Service users: 899 individuals
Intervention
In this SIB, the aim was to employ vulnerable individuals in formal jobs and support them in retaining those jobs (for at least three months). The SIB supported a range of employment measures, including skills training, psychosocial support, and intermediation services for job placement and retention, for 766 vulnerable individuals. The intermediation services included: Analysis of the context of the labour market, raising awareness of potential employers, managing strategic relations with potential employers for this population profile, the characterization and preparation of participants, and the accompaniment of companies and beneficiaries to identify opportunities to articulate the vacancies with candidates. Job placement and job retention for 3 months were the two core-metrics, each of which represent half of the base repayment amount. The IDB-MIF / SECO provided a bonus payment of 10 percent of the overall price of the two metrics for 6-month job retention.
Target population
Individuals not formally employed at the start of the program, aged 18-40, and who had not participated in these two national employment programs: "Empleos para la Prosperidad" or "Mi Negocio". Participants also had to meet one of the following requirements: scored below 41.74 on the Beneficiary Selection System for Social Programs (SISBEN), were registered in Red Unidos, or were victims of displacement due to armed conflict.
Location
Country
- Colombia
Service delivery locations
- Bogotá
- Cali
- Pereira
Involved organisations
Outcome metrics
- Formal job placement (Phase A). Job placement of beneficiaries between March 2017 and July 2018.
- 3-month retention (Phase A). 3-month job retention for the beneficiaries between March 2017 and July 2018.
- 6-month retention (Phase A). 6-month job retention for the beneficiaries between March 2017 and July 2018 (bonus payments from the IDB with SECO resources).
- Formal job placement (Phase B). Job placement of beneficiaries between July and December 2018.
- 3-month retention (Phase B). 3-month job retention for the beneficiaries between July and December 2018.
- 6-month retention (Phase B). 6-month job retention for the beneficiaries between July and December 2018 (bonus payments from IDB with SECO resources).
Other resources
Spreadsheet of data
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