You are here: Home - Uncategorized -

Work experience worth the effort

0
Written by:
20/12/2006

Recent research has shown that young people with relevant work experience have the potential to earn £1,050 pa more than those without, representing a significant UK investment.

The Learning and Skills Council (LSC) report asked more than 400 UK employers what they looked for in trainees and more than 90% said work experience was key when they looked at CVs, to make their UK investment in new staff.

The LSC said employers could do more to create “aspirational” placements and that properly motivated young staff represented an excellent saving and investment opportunity for business.

Julia Dowd, the LSC’s director of learning, pointed out how crucial work experience is in today’s highly competitive workplace. “Not only does gaining practical work-based experience give young people an opportunity to see whether they are suited to a job, it also represents a good UK investment in their time as their pay packets will be bigger.”

Minister for skills, Phil Hope, added: “It is critical that all young people are given work experience opportunities as this allows them to make better decisions about their learning and employment paths.”

The LSC wants more employers to sign up to its Young Apprenticeships scheme, offering 16-24-year-olds on the job training  while being paid and making a contribution to UK investment via the employment market.

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

YourMoney.com Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
Post Office probed on phones

Ofcom, the body that regulates the telecoms and media sector, is to look into claims that the Post Office has mis-sold its...

Close