Application of financial incentive financing mechanisms

home countryThe acute shortage of skilled labor and craftsmen in the West Bank, and the high unemployment rate in Palestinian society, which reached (26.4%) last year, according to the Palestinian Central Bureau of Statistics, the Community and Rural Efforts Association Development to launch the “Training for Job Performance – TAJ” project to contribute to Many Palestinian youth have joined the professional sector, providing decent job opportunities for them and opening the horizons for their professional future.

The “TAJ” project was a model that helped dozens of young men and women through its training courses by training more than 100 young men and women in various subjects such as carpentry, upholstery and furniture marketing. The program succeeded in employing more than half. the market according to decent working conditions and taking into account the minimum wages in force in the Palestinian territories. The program is still in contact with employers to employ the rest of the trainees or to secure a training opportunity for them.

The “TAJ” project is essentially based on the principle of result-based financing to employ Palestinian youth according to the needs of the labor market and to establish a real partnership with the private sector, especially in the carpentry and furniture sector, in (Ramallah, Salfit, Nablus, Jenin and Bethlehem), which are the governorates that require skilled and specialized manpower in the professions of carpentry, upholstery, marketing, sales and interior design, in addition to CNC and furniture painting.

Where the idea of ​​financing based on development results revolves around providing the right financial incentives in the “TAJ” programs, so that the implementing agency helps to overcome the problems of the employment of young people by designing high quality services capable to achieve results.

Currently, the results achieved have proven that the incentives have contributed to the design of services related to employment, follow-up and guidance, which have greatly helped to overcome many obstacles that hinder the achievement of the goals of qualifying and networking young people in the labor can prevent. market. Despite the ability to view results-based financing as a great solution that guarantees the highest quality of services at the best cost and makes aid “smarter” or more efficient, the truth is that such models are still new and more applied should be adopted as one of the magic solutions for development in Palestinian society for years to come.

The process of joining the “TAJ” project goes through several stages, starting with receiving applications for enrollment, ending with the employment of young people in the workplace, follow-up, and providing the necessary guidance during the work period , so they can make their way in their professional lives and become independent.

The success of the “TAJ” project would not have been possible if it had not been for the follow-up and implementation of the Jhoud Association for Community and Rural Development, with the support and cooperation of Finance for Joe’s Consulting Services (F4J-CS) . , funded by four investors: the Palestinian Investment Fund, the European Bank for Reconstruction and Development, and the Dutch Development Bank and Invest Palestine through the Chilean-Palestinian Investment Fund (Olive Seeds).

Application of the mechanisms of financing the financial incentives

For a project aimed at employing young people in the furniture sector

Juhoud for Community and Rural Development launched a project “Train to achieve jobs-TAJ” due to the acute shortage of skilled labor and craftsmen in the West Bank, and the high unemployment rate in Palestinian society, which reached (26.4%) during the past year, according to data from the Palestinian Central Bureau of Statistics in order to contribute to the enrollment of many Palestinian youth in the professional sector, to master a profession and be provided with decent work opportunities, and the horizons for their professional opening up future.

“TAJ” project represented a model that helped many young men and women through training courses by training more than 100 youths in various subjects such as carpentry, upholstery and furniture marketing. The project succeeded in hiring more than half of the trainees in the labor market according to decent working conditions and taking into account the minimum wages in the force in the Palestinian territories. The project is in continuous follow-up and contact with employers to hire the rest of the trainees or to secure training opportunities for them.

“TAJ” project is based on the principle of result-based financing to employ Palestinian youth according to the needs of the labor market and to establish a real partnership with the private sector, especially in the carpentry and furniture sector, in (Ramallah , Salfit) , Nablus, Jenin and Bethlehem), which are the governorates that require a skilled and specialized workforce in the professions of carpentry, upholstery, marketing, sales and interior design, in addition to CNC and furniture painting.

The idea of ​​result-based financing revolves around providing the appropriate financial incentives for the “TAJ” project, where the implementing agency helps to overcome the problems of hiring youth by designing high-quality services capable of producing results. achieved.

Currently, the results achieved have proven that incentives have contributed to the design of services related to employment, follow-up and guidance, which have greatly helped to overcome many obstacles that hinder the achievement of the goal of qualifying young people and getting them to the labor market. Despite the ability to consider result-based financing as a great solution that guarantees the highest quality of services at the best cost that makes financial tools “smarter” or more effective. The truth is that such models are still new and must be applied more than once to be adopted as one of the magic solutions for development in Palestinian society for years to come.

The process of joining “TAJ” project goes through several stages, starting with receiving applications for enrollment, ending with hiring young people in the workplace, following up with them, and providing the necessary guidance during the work period, so they can make their way in their professional lives and become independent.

The success of the “TAJ” project would not have been possible without the follow-up and implementation of Juhoud for Community and Rural Development, with the support and cooperation of Finance for Jobs Consulting Services.

(F4J-CS) was funded by four investors: the Palestinian Investment Fund, the European Bank for Reconstruction and Development, the Netherlands Development Bank, and Invest Palestine by the Chilean-Palestinian Diaspora Investment Fund (Olive Seed).

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