Build tomorrow’s workforce
According to the Manpower Group’s 2015 Talent Shortage Survey, Peru is among the countries facing the most serious employment shortages, with 68% of employers reporting difficulty filling open positions, largely due to poor-quality education opportunities. With this challenge in mind, in 2011 Intercorp invested in Innova schools, technical institutes (IDAT and IPAE) and a university (UTP) to offer a world-class education at an affordable price to children and young people from lower-middle-income households. More than 19,000 students attend Innova schools and 41,000 are enrolled in the vocational institutes and universities, with plans to triple the number by 2025.
By investing in Peru’s education system, Intercorp will benefit from more skilled workers ready to join its workforce. As both Peru and Intercorp are experiencing particular difficulties in filling positions that require a science or engineering background, 22 of the 32 university career paths have been designed to focus on those subjects. At present, Intercorp already benefits as a shareholder with a fully profitable educational platform. However, the main benefits will materialize once the first classes from the Innova schools have graduated from Intercorp University or completed their vocational programmes.
Home page image: REUTERS/Enrique Castro-Mendivil