2023 Global Impact Report
We recently released our 2023 Global Impact Report. Generation’s global CEO Mona Mourshed shared her reflections on our work in 2023 and the path ahead in an introductory letter, reprinted below.
We are on a mission to make economic mobility possible for people and their families around the world. And, in 2023, we moved one step closer.
We celebrated a significant milestone: more than 100,000 graduates from our programs to date — 50,000 of those in the past two years — who have, in turn, earned $1 billion in life-changing wages.
Our graduates continued to achieve strong employment and income outcomes. We served more people than ever before in 2023, with over 30,000 graduates — up from 22,000 in 2022. We had our first graduates in Colombia and launched new programs in Ghana. We achieved 82% job placement for our graduates at three to six months post program.
We are creating change that lasts, working across a diverse set of countries. Within a year of graduating, 70%+ of employed graduates are earning above a living wage in 11 of our countries. Two to five years after graduation, most alumni remain employed — 83% of those in high-income countries, 91% in upper-middle income countries, and 62% in lower-middle income countries. And 58% of employed alumni in lower-middle income countries, 98% in upper-middle income countries, and 74% in high-income countries continue earning above living wage two to five years post-graduation. Over 80% of alumni report positive personal well-being outcomes, and 84% want to give back to Generation.
We want to change the playing field for not only our 100,000+ graduates, but for everyone. Last year, we published two original research reports to move the entire field forward in our understanding of challenges and solutions. First, “Launching a Tech Hiring Revolution” to spotlight global entry-level tech hiring and the practices needed to make it more inclusive. Second, “The Midcareer Opportunity” — created in partnership with the OECD — to shed light on the challenges, as well as the immense potential, midcareer and older workers have.
We have been delighted to receive continued recognition for our impact. Globally, we were recognized as one of the top 200 social good organizations in the world in 2023 by thedotgood and won two Anthem Awards. Country programs across the Generation network received many national and regional recognitions as well.
The opportunity to do this work remains a privilege we don’t take lightly, and we are grateful for the commitment of our colleagues, graduates, employers, and funders. We invite you to join us in building pathways to economic mobility for all people regardless of their age, race, gender, and socio-economic background and breaking down systemic barriers to meaningful employment.
