ReGeneration Greece: Five years of supporting young people
“Five years ago, armed with a healthy dose of optimism, we founded ReGeneration. Our vision was to change not only the lives of young alumni, but the trajectory of modern-day Greece altogether.” This declaration by Panagiotis Madamopoulos-Moraris, co-founder of the ReGeneration initiative, came in the context of the innovative organization’s completion of a five-year milestone. It abounds with optimism and shows an appetite for further impact, according to ekathimerini.com.
Since 2014, the broadest employment and education program with the highest participation rate in the country has been constantly expanding. Its goal, nevertheless, remains unchanged: “to democratize access to opportunities for young alumni, implement change from within, and build an ecosystem that acts as a bridge between education and the employment sector,” as mentioned by the co-founder.
In the wake of the Fourth Industrial Revolution, where the employment opportunities and required skills are rapidly transforming, ReGeneration’s undertaking is more significant than ever. The novel initiative may have had a big impact, but the challenges regarding the employment of Greek youth are huge. ReGeneration published a lengthy Impact Report to map out the problems still faced, as well as the impact of the solutions that the initiative has been offering for five years. It undeniably proves that the 10 years of crisis that Greece suffered continue to have negative repercussions on the young generation’s participation in the economy.
Greece still holds the lead out of 119 countries on the tertiary enrollment ratio of the young generation; however, it is in 97th place on the alignment between the education system and the economy’s needs. The youth unemployment rate may have fallen since its alarming 2014 peak, but the 36 percent rate observed in 2018 is far from appeasing. Meanwhile, the brain drain disaster continues: The phenomenon is estimated to have cost the country 15 billion euros. Additionally, two-thirds of young Greek adults are still living with their parents because they are not financially independent.
Aside from the alarming results of the issue mapping, ReGeneration’s Impact Report restores some hope, thanks to the analytical quantification of the organization’s actions and results. During these five years of activities, which include educational academies, mentoring and paid internships, ReGeneration has managed to place more than 1,100 talented young adults in permanent job positions, linking them up with more than 400 companies throughout Greece. Some 600 of these hirings were made between January 2018 and today. With a pace of growth nearing 230 percent, the program is exponentially developing – just like the technologies that will shape the economy of the future.
Apart from the prompt bridging of young adults with the labor market, the greatest impact of ReGeneration may just lie in skill development; it will constitute the organization’s lodestar while it keeps carrying out its actions with ambition. “As skills are becoming the new ‘bread’ in an ever-developing and globalized labor market, we are building up an inclusive platform to reinforce these skills and retrain young alumni in Greece,” outlines Madamopoulos-Moraris, highlighting that the goal is to allow the young generation to take advantage of the possibilities offered in the ever-changing reality of the Fourth Industrial Revolution. Indeed, 170,000 hours were spent on soft and hard skill training via the program and 160,000 hours of voluntary work were offered aside from internships.
During its five years of operations, not only can ReGeneration pride itself on the immediate opportunities it has offered to thousands of young Greeks; the organization’s initiatives have also proved viable, and it has built healthy and long-lasting careers – the analysis of the Impact Report’s figures proves it. Indeed, the percentage of contract renewals between companies and ReGeneration candidates reaches 90 percent, which essentially leads to long-term permanent job creation, improving employability and considerably reducing underemployment. What’s more, the wages already received by young adults who were hired via the program are estimated to amount to 7.7 million euros.
As is conveyed in the wordplay contained in the organization’s name, the impact of ReGeneration’s efforts is twofold. By providing useful skills to the young generation and integrating them into the labor market, the inclusive employment and education program is deeply changing Greece itself, compelling the country to embrace new technologies and invest in workers who understand them. This ecosystem creation, where education and the labor market go hand in hand, lays the foundation for the rebirth of Greece and its economic potential.
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report
Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: Tilemahos Efthimiadis
- 1) Greek Migration Minister visits refugee hosting facilities in Kavala, Drama and Serres
- 2) No new intubations for Covid-19 recorded in Greece for the first time
- 3) Greek PM at Athens supermarket: Consumers 'can already see lower prices on the shelf'
- 4) Greek Health Minister: Afternoon surgeries at state hospitals to begin shortly
16/03 13:01
Greek Deputy Foreign Μinister meets her Slovenian counterpart in Athens
16/03 12:56
Greek-Canadian Diaspora to welcome Greek Prime Minister to Toronto
16/03 11:28
Greek Migration Minister visits refugee hosting facilities in Kavala, Drama and Serres
15/03 21:50
Greek Minister announces conference on defence ecosystem in Athens from Lithuania
15/03 13:45
PM: More than 80 hospitals and 156 health centres being upgraded in Greece
15/03 12:55
Piraeus Port and Genoa Chambers of Commerce ink memorandum of cooperation
14/03 23:43
President of Hellenic Republic meets Prime Minister of Slovakia in Bratislava
14/03 22:58
American Express report highlights Global Travel Trends during 2024
14/03 22:52
Four hospitals in Attica Region already organizing afternoon surgical procedures
14/03 22:49
US Ambassador to Athens: More flights from the United States to Greece and Thessaloniki
14/03 22:43
Greek archaeologists discover ten ancient shipwrecks off Aegean island of Kasos
14/03 19:32
No new intubations for Covid-19 recorded in Greece for the first time
14/03 18:36
Extra road safety measures adopted for Greek pre-lent carnival and Clean Monday
14/03 14:48
14/03 12:54
Electric buses to be deployed on the streets of Athens and Thessaloniki by May
13/03 22:23
13/03 20:11
Prices of basic lenten products either lower or equal to last year's in Greece
13/03 19:15
US Ambassador to Athens: Greece secures NATO readiness via Alexandroupolis
13/03 17:19
13/03 12:26
Greece shows new costumes for revamped Olympic Flame-lighting ceremony
12/03 22:46
Epirotes Society of Philadelphia ‘Omonia’ organized 16th Annual ‘Tsipourovradia’
12/03 21:38
The President of the Hellenic Republic to visit Slovakia on March 13-15
12/03 20:29
First afternoon surgeries in Greece kick off at Papageorgiou Hospital in Thessaloniki
11/03 23:58
Greek Foreign Minister: We stand behind Montenegro's European perspective
11/03 23:47
Visa Express for Turkish citizens to commence on five Greek islands in March
11/03 19:40
11/03 18:49
Microsoft Data Center construction kicks off in Spata next to Athens Airport
11/03 17:53
Dodecanese Federation marked 76th Anniversary of Unification with Greece
09/03 22:23
08/03 14:27
Prime Minister: Radical change in Greek education and a brave reform for growth
08/03 14:24
Traffic restrictions expected in Athens mid-morning to evening on Friday due to protests
08/03 14:24
Applications to out-of-court settlement more than doubled in Greece in February
08/03 13:18
Metro station 'Maniatika' near Piraeus Port to be closed on Saturday and Sunday
07/03 14:12
Athens wins World Travel Award 2024 as the top city-break destination in Europe
06/03 22:51
WTTC data show Greece and Portugal lead league for growth in tourist arrivals
06/03 20:28
Greek Tourism Minister at ITB: 2024 will be another excellent year for sector
06/03 19:47
Greek Foreign Minister to meet UAE Minister of Industry and Technology on Friday
06/03 18:43
European Union actions of 274m euros to support cultural heritage in Greece
06/03 16:37
'Odontotos' rack railway temporarily stopped until landslides issue is resolved
06/03 14:40
Minister: Bringing about the return of Greeks abroad 'a moral duty'
05/03 14:28
Archdiocese of America Eparchial Synod to meet on March 14-17 in Florida
05/03 14:21
05/03 14:11
ITB BERLIN 2024 opens with excellent bookings after global rise in travel in 2023
05/03 12:24
Greek PM at Athens supermarket: Consumers 'can already see lower prices on the shelf'
04/03 22:02
Greek Health Minister: Afternoon surgeries at state hospitals to begin shortly
04/03 21:47
Holy Cross Greek Orthodox Whitestone Community marks 49th Anniversary
04/03 20:27
Labor chief: Greece to train 500,000 workers in digital, green skills by 2025
04/03 19:44
Foreign Ministry to organize event on 'Women, Peace, and Security' on Friday
04/03 15:12
Athens Riviera | The summer experience with Athens as a background
29/02 22:54
Consumers to see price cuts up to 18.1% in 3,000 Greek supermarket products as of Friday
29/02 21:44
Greece and Germany set up Working Group on shipping cooperation
29/02 21:30
Wyndham Rewards’ Member Month offers 5 weeks of deals, discounts, and bonus points
29/02 21:03
Temple of Poseidon at Sounion near Athens to get new lighting system
29/02 21:02
29/02 20:47
Greece is represented by 60 firms at GULFOOD 2024 exhibition
29/02 19:58
Greek government gives 1+1 month extension for cash register-integrated POS terminals
29/02 19:49
Archangel Michael Church Dance Program shines at Folk Dance Festival in SF
29/02 15:39
'Renovate-rent' programme to be launched, Minister tells Greek Parliament
29/02 12:39
Rio-Antirrio ferry line in central Greece closed due to strong winds
28/02 21:34
Weather with heavy rain and storms in Greece as of Sunday night
28/02 17:31
CEO: The goal is for PPC to become a leading player in Southeast Europe
28/02 17:04
New Wyndham Hotels Market Managing Director of Central and Eastern Europe
28/02 12:21
Minister: Transactions with the Greek State will be further simplified in 2024
28/02 11:57
27/02 17:25
UN Tourism hails Saudi Arabia's historic milestone of 100 million tourists
27/02 15:00
Greek Prime Minister: Relations with Armenia can become even more productive
27/02 14:26
Wyndham: New growth cycle in Greece for the largest hotel chain franchise in the world
27/02 13:15
Price cuts of up to 15% in important product categories in Greece after March 1
27/02 12:46
Athens taxi drivers' protest rally in progress from Athinon avenue to Messogion
26/02 18:30
Annual Summit of Women Political Leaders (WPL) to be held in Athens in April
26/02 18:27
Culture Ministry: Schwartz Mansion in Ampelakia near Larisa to get new lighting
26/02 17:25
Greek president organizes reception for diplomats at Presidential Mansion
26/02 16:33
Trapped rack-railway passengers returned safely to Diakopto in Peloponnese
26/02 16:21
Public transport, ferry and taxi strikes in Athens on Wednesday
25/02 12:30
Greek island of Ikaria among the Blue Zones for Health Eating and Longevity
24/02 20:39
Greek PM meets Qatar Emir: Focus on bilateral cooperation and investments
24/02 18:25
Prescription cannabis for medicinal use legally available in Greece for the first time
24/02 17:19
MInister: The aim is to make fishing and fish-farming a key pillar of the economy
23/02 23:36
Greek Prime Minister arrives in Doha to be received by Sultan bin Saad Al Muraikhi
23/02 23:26
The Festival of Greek Dances takes place in the Metropolis of San Francisco
23/02 21:32
Revealing "70 Years of Friendship: Greece's photo journey through the Korean War"
23/02 17:15
16 Greek firms showcase at international fashion exhibitions in London
23/02 14:09
Flights to and from Heraklion airport in Crete resume on Saturday
22/02 18:15
Bill for non-state, non-profit universities being tabled in Greek Parliament on Thursday
22/02 18:13
Temporary residence for displaced Ukrainians extended in Greece to March 2025
22/02 18:10
American Hellenic Institute Golden Jubilee celebration Includes concert on April 12
22/02 18:09
Tourism Minister stresses importance of strong relationship of Greece with Serbia
22/02 17:58
Education protest rally ends and traffic resumes in Athens city center
21/02 19:47
Twistic and WeavAIR startups clinch the UN Tourism Hospitality Challenge
21/02 18:34
21/02 18:13
Traffic in Athens returning to normal after tractors depart from the Greek capital
21/02 13:01
Greek Tourism Minister in Belgrade for International Exhibition
21/02 00:55
Resilience through diversity and investments the aim of UN Tourism visit to Jamaica
20/02 23:38
Rally concludes with farmer tractors leaving Athens on Wednesday morning
20/02 20:43
Greek Prime Minister on official visit to India as of Wednesday
20/02 16:51
Minister: Greece wants to become India's gateway to the European Union
19/02 21:19
DEFEA Conference to be held at Stavros Niarchos Foundation in Athens on May 15
19/02 19:06
Traffic restrictions for farmers' rally in central Athens on Tuesday
19/02 18:11
Greece wins top tourist destination award at Grand Travel Awards in Sweden
19/02 14:23
Health Minister: Option of afternoon surgeries at public hospitals start in Greece
Greek-Canadian Diaspora to welcome Greek Prime Minister to Toronto
Greek Migration Minister visits refugee hosting facilities in Kavala, Drama and Serres
American Express report highlights Global Travel Trends during 2024
PM: More than 80 hospitals and 156 health centres being upgraded in Greece
US Ambassador to Athens: More flights from the United States to Greece and Thessaloniki
President of Hellenic Republic meets Prime Minister of Slovakia in Bratislava
Four hospitals in Attica Region already organizing afternoon surgical procedures
Piraeus Port and Genoa Chambers of Commerce ink memorandum of cooperation
Greek Minister announces conference on defence ecosystem in Athens from Lithuania
Greek Deputy Foreign Μinister meets her Slovenian counterpart in Athens
Greek retail sector turnover exceeds last year's figures with €4 billion in December
Greek Prime Minister to meet Bulgarian counterpart at Maximos Mansion
Epirotes Society of Philadelphia ‘Omonia’ organized 16th Annual ‘Tsipourovradia’
IOBE forecasts 2.4% growth and 10.5% unemployment in Greece during 2024
Impressive statue of Hercules unearthed in Philippi of Northern Greece
Athens International Airport makes spectacular debut on Athens Stock Exchange
PM at Axia discussion: Greece offering great investment opportunities in 2023
Greek president organizes reception for diplomats at Presidential Mansion
CEO: The goal is for PPC to become a leading player in Southeast Europe
Development Minister: Supermarket food prices will start dropping in Greece in March
Bill lifting restrictions for Greeks voting from abroad greenlighted by majority vote
Volcano lights up in spectacular display of fireworks on Greek island of Santorini
Inspirational project promoting Hellenism and love for Greece globally (video)