Workforce connectivity platforms

workforce

Photo by Shutterstock

Workforce connectivity platforms
Workforce connectivity platforms targeted to entry-level, non-traditional background individuals.
SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Technology and Communications
Technology
Business Model Description

Develop online vocational talent marketplaces that connect companies with entry-level professionals applying for formal positions, enabling the inclusion of individuals from non-traditional backgrounds and train them for their first job.

Expected Impact

This initiative intends to reduce unemployment through digital solutions.

Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
> 25% (in IRR)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Medium Term (5–10 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
USD 100 million - USD 1 billion
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
USD 1 million - USD 10 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Decent Work and Economic Growth (SDG 8)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
No Poverty (SDG 1) Gender Equality (SDG 5) Reduced Inequalities (SDG 10)
Sector Sources
  • 1) MINTIC (2020) Indicadores básicos de TIC en los hogares. Accessed february 8th 2021 2) MINTIC (2019) ¿Qué es el Proyecto de Ley de Modernización del Sector TIC? Accessed february 8th 2021 3) Oxford Business Group (2020) - New ICT laws and attention to innovation increase Colombia's internet coverage. Accessed January 26 2021 4) International Trade Administration (2020) – Information and Communication Technology. Accessed January 26 2021 5) Semana (2018) Analítica de datos, una de las tecnologías con más futuro en el 2018. Accessed February 8th 2021 6) EMIS Insights (2020), Colombia ICT Sector Report 2021-2022 7) MINTIC (2018) Así usan la tecnología las mujeres en Colombia - Accessed February 8th 2021.
IOA Sources
  • 8) Larking (2019) - How much recruitment agencies charge? Accessed June 30th 2020. 9) Cottonwood vc (2018) Cottonwood Technology Fund listed by Pitchbook as one of the best performing VC funds with an IRR of 46% (Fund I). "10) Venture Beat (2017) – VC investing still strong even as median time to exit reaches 8.2 years Adley Bowden, PitchBook - Accessed February 8th 2021." 11) OECD (2018) -Private Equity Investment in Artificial Intelligence. Accessed February 8th 2021. "12) ElTiempo (2020) – 43,5 % de la población desocupada perdió el empleo por la pandemia. Accessed August 20th 2020. " 13) Actualísese (2019) – Cuánto se demora un Colombiano en promedio conseguir un empleo. Accessed May 30th 2020. 14) El Expectador (2021) El peso del desempleo en contra de las mujeres. Accessed February 8th 2021. 15) DNP (2018) Objetivos de desarrollo sostenible. Accessed February 8th 2021 16) DNP (2017) – Plan Nacional de Desarrollo 17) Prosperidad Social (2019) – Empleabilidad Prosperidad Social. Accessed May 22nd 2020. 18) ServicioDeEmpleo (2020) – Unidad del Servicio Público de Empleo. Accessed May 23rd 2020. 19) SIB.co (2020) – Programas de Bonos de Impacto Social en Colombia. Accessed May 23rd 2020. 20) LBX (2019) – Nueva Ley de Crecimiento económico. Accessed May 21st 2020. 21) Presidencia (2019) - Presidente Duque expidió decreto que reglamenta contratación en todas las entidades públicas de jóvenes sin experiencia laboral. Accessed February 8th 2021. 22) Senado de Colombia (2020) -Aprobado en primer debate proyecto que promueve incentivos para la contratación de jóvenes al sector productivo. Accessed February 8th 2021. 23) Forbes (2020) -Bogotá subsidiará a las empresas que contraten gente en medio de la crisis. Accessed February 8th 2021 24) DSA Russell Bedford (2020) INCENTIVOS TRIBUTARIOS POR LA CONTRATACIÓN DE JÓVENES MENORES DE 28 AÑOS. Accessed February 8th 2021 25) Dane (2020) Mercado laboral por regiones. Accessed February 8th 2021 26) Global News Wire (2020) Online recruitment market. Accessed February 8th 2021