Today’s hugely competitive job market needs school leavers and young people to embrace enterprise in order to progress.
A report released last week by Lord Young, the prime minister’s enterprise advisor, focussed heavily on the importance education plays in developing business enterprise. The report, entitled Enterprise for All, stresses that young people need to be introduced and involved in business at an early age. The report also claims that their youth makes young people extremely receptive to new ideas and influences, which helps to mould their future and ultimately makes them far more employable. This may also inspire them to become young entrepreneurs and start their own businesses.
The report recommends the introduction of an Enterprise Passport initiative ‒ a national template that would allow young people to include activities and endeavours that demonstrate what they have learned about business.
Employers often bemoan the fact that youngsters have little demonstrable ability in the realm of business and only have schooling qualifications, such as GCSEs and A Levels, to be judged on. Many believe that young people currently lack the confidence, communication skills and resilience that older employees may have, with the Enterprise Passport endeavouring to rectify this deficiency.
Older-generation employers often fail to realise that the job market that was once open to them no longer exists; at the same time, young people entering employment for the first time face a completely different situation, including opportunities to become Umbrella Company Employees and other forms of flexible work.