5% are working in companies such as Uber, Cabify or Glovo
The lack of opportunities is forcing young Ecuadorians to accept jobs with poor working conditions such as temporary contracts or informal employment. According to the Second Thermometer of the Youth Labour Situation conducted by Adecco, only 28 out of every 100 young people aged 18 to 30 have found a job. However, 68% consider that they do not have the chance to improve or progress professionally in the companies in which they are currently working.
This study also emphasizes the entrepreneurship rate. Although this activity is related to young people, only 26% have decided to start their own businesses. Meanwhile, 64% have chosen to look for temporary jobs and 5% have ventured into collaborative platforms such as Cabify, Uber, Glovo, among others.
The search for employment has been a difficult task for young people in this country. This survey reveals that 39% of people currently in work took between 1 and 6 months to find a job. And more than 40% said that their limited experience was a determining factor when trying to join the labour market. While in April last year, 56% of young people had a fixed contract, in 2019 only 25% of those surveyed had permanent contracts.
The survey data highlights that an important factor when deciding to join a company is qualifications. In this regard, 2.4% have postgraduate studies and 20% are still pursuing studies of this type. Regarding remuneration, 86% receive a salary between 394 and 800 dollars, which is equivalent to 350 and 713 euros per month. On the other hand, 13% earn 800 to 1,200 dollars, or 1,070 euros, and only 1% earn 1,420 euros.