Holland has the third lowest youth unemployment rate in the world, at 11% against, for example, Spain’s rate of 54.6%. Only Germany (7.6%) and Austria (10.5%) fare better. And all this, even though its unemployment rate has increased over the last months from the 6% to the 7.1%.
In 2010, in the midst of the financial crisis, the country established the fight against youth unemployment as a maximum priority. It passed a program aimed to those between 18 and 27 years old consisting of:
- Young people not having a right to unemployment allowance; they either have to work or study. This is the core of the plan, those between 18 and 27 years old cannot receive subsidies, and instead they are offered work or education, or even a combination of both. It is the municipalities who are in charge of managing the offers in education and employment. If they are working, then they receive a salary from their employer. If, on the other hand, they decide upon an educational program, they then receive rent.
- Tax breaks for the companies who appoint workers under 23 and whose salary is lower than the minimum monthly wage (1,500 euros).
- Strengthening practices in businesses and implementing programs that combine training at work with theoretical courses.