What's Happening?
Businesses are being called upon to address the rising rates of youth unemployment by offering structured support and diverse entry routes for young people. With nearly a million 16-to-24-year-olds not
in education, employment, or training, the situation poses a significant risk to economic growth and productivity. The introduction of the Youth Guarantee aims to provide paid work and targeted support for young people on Universal Credit for 18 months. Organizations are encouraged to review existing vacancies to see if they can be adapted for young people, thereby unlocking potential and diversifying the workforce. Various entry routes such as apprenticeships, graduate schemes, internships, and bootcamps are suggested as pathways to bring young talent into organizations.
Why It's Important?
Addressing youth unemployment is crucial for fostering economic growth and ensuring a skilled future workforce. By investing in young people, businesses can cultivate a pipeline of skilled talent, which is essential for innovation and competitiveness. Offering diverse career pathways, including both linear and 'squiggly' routes, allows young people to gain broad experience and adaptability, which are vital in a rapidly changing job market. This approach not only benefits the individuals by enhancing their employability but also strengthens organizations by bringing in fresh perspectives and skills. Moreover, engaging with educational institutions to align curricula with future skills needs ensures that young people are better prepared for workplace expectations.
What's Next?
Organizations are expected to collaborate with schools, training providers, and universities to offer career talks, workshops, and work experience opportunities. Simplifying recruitment processes for entry-level positions and focusing on potential and soft skills rather than extensive experience can provide fair opportunities for young candidates. The government's 'Post-16 Education and Skills' white paper emphasizes the need for collaboration between employers and education providers to create accessible pathways for young people. This includes apprenticeships, technical training, and flexible upskilling aligned with growing sectors.
Beyond the Headlines
Investing in youth employment is not only a social responsibility but also a strategic advantage for businesses. By working with quality training providers, employers can offer structured support and varied entry routes, fostering skills, innovation, and loyalty. This approach contributes to building a resilient and inclusive economy, which is essential for long-term sustainability. Additionally, mentoring and skills development initiatives can provide young employees with hands-on learning experiences, building their confidence and key skills, which are crucial for navigating professional environments.
