Building the digital skills young women in Latin America need to thrive in tech
With or without diplomas, most of our youth enters inactivity or informal jobs, and women are the most affected.
Latin America's talent is not being properly trained for the jobs of today
30 million youth in Latin America are NEETs (not in education, employment or training) and 76% of them are women.
More than 2/3s of our youth are considered low skilled (without college, university of high technical education).
Studying does not guarantee a bright future. Less than 20% of women in the region transition from studying to formal jobs.
Most companies in Latin America can’t find the workforce with the skills they need. This becomes even harder for companies undergoing digital transformation.
Without skilled talent, companies can't get ready for the future
With 50% of formal firms unable to find sufficient skilled workers, our region has the world’s widest gap between the available pool of skills and those demanded by firms.
While 90% of the CEOs surveyed believe digital transformation is important, only 15% believe they have enough personnel with the skills necessary.
(IDT Global Survey 2017)
By 2019 there will be +450K unfilled tech jobs in Latin America. Women will be specially needed to bring diversity to this field, where they are a minority today.
This is how we started...
Back in 2014, we were a web agency called Ayu. With many hurdles in the process, we were able to build our tech team, which end up being 100% male. Without planning for it, this lack of female developers in the world became our own personal pain. The magic of entrepreneurship is that when you truly feel the pain, you have no option but to try and solve it. So our game plan was to see if we could train female developers ourselves to hire in our web agency, and focus particularly on women who had not been able to access higher education due to economic constraints. Could we transform our agency into a source of opportunity for young women who needed a hand to show their talent for tech? Yes we could! And when we proved it was possible, we decided to do it not only for our web agency, but for all companies looking for diverse tech talent.
In Laboratoria we are changing this reality.
There are 3 pillars that support our impact.
Our impact model
1. Seleccion process
Any woman can apply to Laboratoria. Through a series of questions and interviews, we identify those who truly need Laboratoria’s opportunity for social mobility. Then, through a selection process that includes exams, pre-work and real class dynamics, we collect +600 data points to identify those applicants with potential for technology. In the last 3 years +7.500 women have applied to Laboratoria and our latest acceptance rate was 9% (average of 2017-II cohorts in Peru, Mexico and Chile).
2. Bootcamp training
3. Talent placement
We connect our students with hiring companies through our own TalentApp and Talent Fest hackathons, where companies give real challenges to our students to solve in 36 hours and leverage on the event to identify and hire talent. Only those students connected with jobs pay for the program. Employers also pay to hire in Laboratoria, as they value the quality of the talent and the hiring process. In our last cohort we were able to place +80% of our students in tech jobs that tripled their income in average.
"Laboratoria's mission is to go out and find talent where no one else is looking"