UK tech companies are leading the hiring comeback with 1 in 6 jobs targeting young people, says the Department for Culture, Media and Sport (DCMS).
The situation for young people is dire:
1) Unemployment among 16-24 year olds has risen and is still rising with 284,000 fewer in employment now than than this time last year.
2) Graduate vacancies are 52% lower than this time last year with 7,104 openings available, down from 14,938.
3) Apprenticeship opportunities have also fallen 29% year-on-year to 20,794.
"The Government's Kickstart Scheme is critical in reversing this trend by creating opportunities for 16-24 year olds at risk of long term unemployment".
The scheme runs until December 2021 for applications - although many are campaigning for an extention - will create hundreds of thousands of openings for young people. 150,000 have already been approved.
What is kickstart?
Companies can apply for funding to cover wages and National Insurance contributions, whilst further funding is available for training and support.
So who's hiring?
"A survey of 50 leading UK Tech companies revealed that 63% plan to use the Kickstart Scheme in 2021 with a view to creating more job opportunities for young people. Of these companies, 68% anticipate hiring between 1 and 10 kickstarters, apprentices or interns in 2021, and 5% anticipate hiring between 11 and 20."
Kickstart’s on-the-ground training for young people will help skill up a new generation of talent as well as contribute to the UK’s economic recovery in the long term.
Kickstart is gaining traction in the tech sector as the entire digital tech industry sees hiring surge past pre-pandemic levels, leading the UK’s white collar hiring recovery. 63% of leading tech firms plan to use the Kickstart Scheme in 2021 to develop their next generation of talent.