Survey reveals worrying job prospects for school leavers

| May 26, 2009 | 0 Comments
”Survey

A survey conducted by the Chartered Institute of Personnel and Development (CIPD) has revealed that only one in five firms plan to employ 16-year-olds due to leave school in the next few months.

Furthermore, the survey found that one third of the companies that took part in the survey said they had cut their graduate employees in 2009, while 45% said they are not planning to hire this group of people.

Gerwyn Davies, the CIPD’s public policy advisor, comments: “Against this backdrop, graduates and school leavers need to sharpen their case for being picked ahead of their classmates - and fast.”

Meanwhile, Ruth Elwood, head of recruitment at accountancy group KPMG, which helped compile the survey, adds: “The harsh reality is that it is no longer enough to start thinking about jobs once exams are over.”

“Those who do not already have a place for September are unlikely to find one now, or not in their first choice profession,” adds Ms Elwood.

In related news, a study by the Prince’s Trust and Cass Business School revealed that over 45,000 people under the age of 25 in the UK claim jobseeker’s allowance.

In the last 12 months alone, the numbers of those claiming such benefits have soared by 80%.

A further study out today has revealed that over half of workers over 50 may need to postpone their retirement since their savings and pensions have been hit by the economic downturn.

According to the survey, which was conducted by Help the Aged and Age Concern charity, 60% of the 943 respondents questioned said their retirement hangs in the balance, while over a quarter of workers over 50 are worried about being forced out of their jobs as a result of their age, if their employer reduced headcount.

The latest figures from the Office for National Statistics show that the number of unemployed people aged 50 or over has soared by 47% in the last 12 months.

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