Younger women entrepreneurs predicted to grow more jobs

The fifth annual ‘EY Global Job Creation Survey’ found that entrepreneurs are leaders in creating jobs. But here’s the interesting news, it seems that almost 67% of young women entrepreneurs, those under the age of 35, expect to grow their workforce in the year ahead. Additionally, they anticipate their net workforce growth to be 16%, more than five times the expected growth rate among those over 55 (3%). This makes sense when you consider that these younger entrepreneurs are usually at an earlier stage of their company’s life cycle. It’s when we would expect to see more dynamic growth. Another interesting trend amongst these young women entrepreneurs is that they are twice as likely to characterize themselves as disruptors. They have more of a global mindset to their businesses, and expect to hire more people in overseas markets than their older peers. This statistic reveals another facet of disruption: it knows no borders. So, when Africa looks to find sources of much needed jobs growth in the immediate future, it’s the continent’s young women entrepreneurs who are contributing to the solution.