Workplace dynamics are rapidly shifting as Generations Y and Z replace older workers entering retirement. Gen Y and Z are also the most diverse workforce in Australian history. Organisations must find ways to adapt to a new workforce with a new set of needs, lifestyles, perspectives, values, and goals.
What is the YFEP?
The Youth Friendly Employer Project (YFEP) is an initiative developed by Maribyrnong and Moonee Valley Local Learning & Employment Network (MMVLLEN), funded by and in partnership with VicHealth, and co-designed by young Victorians, for young Victorians. We have embarked on the YFEP to improve employment, financial, academic, and well-being related outcomes for young Australians. The project also aims to help organisations and Local Government Areas (LGAs) more effectively attract, develop, retain, and leverage a new workforce moving further into the future.
To accomplish this, the YFEP involves development of a Youth Friendly Assessment Tool alongside an Employer Toolkit that would allow businesses, nonprofits, institutions, and LGAs, to earn a ‘Youth Friendly Certification’, either through passing the assessment or implementing changes in their line management or HR systems via our Toolkit and tailored action plan templates. We aim to work closely with partner organisations and promote their progress to the public and stakeholders in the form of the YFE Certification, which can be attached to job advertisements to attract top-tier youth talent, as well as assist with other attraction, development, training, and retention strategies.
In undertaking the YFEP, we have partnered and secured financial sponsorship from VicHealth to bring the project through its implementation phase in connection with their “Bright Futures” program to improve the well-being of young Victorians. The project’s second phase commenced in April 2019 and will be completed by November 2019, at which point larger-scale implementation across Victoria may follow.
Why is the YFEP needed?
This project was inspired by a number of large-scale issues that are affecting young people and across Victoria today, along with broader organisational challenges. These issues all have a potential to exacerbate if workplaces fail to adapt to the reality of what young employees face today, and in the coming years. This disconnect is what we aim to address.
Source: VicHealth Bright Futures, Youth Megatrends 2019