Many businesses and education providers still feel that university is the best option for young people setting out in the world of work. This might explain why more people than ever applied to university in 2016, with UCAS admissions services showing that nearly half a million places have been offered (up by three per cent on last year).
Despite the fact that apprenticeships are beginning to gain more respect in the eyes of employers, we at Barclays are conscious that there are still a number of young people who feel that university may not be the right path for them and are struggling because they are not being provided with enough information on the alternative options available.
Time to reverse the decline As I talk to clients from across different sectors of our economy about their future skills needs a common theme emerges which is that, to survive and flourish, businesses must reverse the decades long decline in investment in workforce training that we have seen in the UK.
Apprenticeships provide many opportunities for people to work, however there is one group that, despite their skillset and knowledge, struggle to find a viable route to employment. The older generation – those over the age of 50 – are often tasked with a much trickier job of securing full-time work, with their age and social circumstances often hindering their efforts.