New research commissioned by Hays, the leading recruiting expert, reveals that one in five 18-24 year olds (20.2%) in the UK are not confident about their career prospects for 2015. This data, based on a survey of 1,000 respondents aged between 18-54 years old collated via a Google Consumer Survey, highlights just how difficult many young people still find it to transition from student life into the workplace.
The results reveal that 18-24 year olds were less optimistic than 25-34 year olds (14.7% downbeat) and 35-44 year olds (18% downbeat), showing that more needs to be done by educational institutes and businesses to help young people navigate their way to a well-matched career path.
Nigel Heap, Managing Director of Hays UK & Ireland, commented:
“The lack of optimism among the young workforce is a cause of concern. The beginning of a career is when you would expect people to feel positive about their own potential and the world of work which awaits them.
Unfortunately, as the data shows often this isn’t the case. Although the recession is now behind us, not everybody is enjoying a renewed confidence in the jobs market. It also suggests that those leaving education and entering the workforce need more support in the early stages of their career path, such as vocational training and career advice at school and university which would hopefully give them a greater ability to succeed. The 18-to-24-year-old age group will one day be leading the workforce and it is important that they start on the right path, so not to delay their own potential and the future of the UK labour market.”
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Hays plc (the "Group") is a leading global professional recruiting group. The Group is the expert at recruiting qualified, professional and skilled people worldwide, being the market leader in the UK and Asia Pacific and one of the market leaders in Continental Europe and Latin America. The Group operates across the private and public sectors, dealing in permanent positions, contract roles and temporary assignments. As at 31 December 2014 the Group employed 8,748 staff operating from 244 offices in 33 countries across 20 specialisms. For the year ended 30 June 2014:
– the Group reported net fees of £724.9 million and operating profit (pre-exceptional items) of £140.3 million;
– the Group placed around 57,000 candidates into permanent jobs and around 212,000 people into temporary assignments;
– 24% of Group net fees were generated in Asia Pacific, 42% in Continental Europe & RoW (CERoW) and 34% in the United Kingdom & Ireland;
– the temporary placement business represented 59% of net fees and the permanent placement business represented 41% of net fees;
– Hays operates in the following countries: Australia, Austria, Belgium, Brazil, Canada, Colombia, Chile, China, the Czech Republic, Denmark, France, Germany, Hong Kong, Hungary, India, Ireland, Italy, Japan, Luxembourg, Malaysia, Mexico, the Netherlands, New Zealand, Poland, Portugal, Russia, Singapore, Spain, Sweden, Switzerland, UAE, the UK and the USA