 | This article contains content that is written like an advertisement .(May 2024) |
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| Company type | Non-profit organization |
|---|---|
| Founded | 2013 |
| Headquarters | London |
Key people | Leo Quinn, Founder |
| Website | www.5percentclub.org.uk |
The 5% Club is a movement of employers working to create a shared prosperity across the UK by campaigning for greater skills training, through ‘earn and learn’ job opportunities.
The 5% Club was founded by Leo Quinn in 2013. [1]
Its stated purpose is to address the high levels of youth unemployment and chronic skills shortage in today's society, by "inspiring positive employer action for increased, accessible and inclusive workplace learning opportunity for all". Its Executive Team are increasingly working with government to provide a bridge between the corporate and public sector, with Members of Parliament describing it as the 'gold standard' for businesses supporting skill development. The Confederation of British Industry (CBI) has also endorsed The 5% Club and upon its launch, publicly urged British industry to strive to commit to the 5% employment target. [2]
In 2018, The 5% Club gained charitable status.
As of February 2024 The 5% Club has more than 1,000 members. They are UK companies wishing to invest in skills creation and employability. Members of The Club pledge to have at least 5% of its employees in earn and learn roles within 5-years of joining.. [3] Members are required to publish an annual report on their progress. [4]
Vocational education is education that prepares people for a skilled craft as an artisan, trade as a tradesperson, or work as a technician. Vocational education can also be seen as that type of education given to an individual to prepare that individual to be gainfully employed or self employed with requisite skill. Vocational education is known by a variety of names, depending on the country concerned, including career and technical education, or acronyms such as TVET and TAFE.
Apprenticeship is a system for training a new generation of practitioners of a trade or profession with on-the-job training and often some accompanying study. Apprenticeships can also enable practitioners to gain a license to practice in a regulated occupation. Most of their training is done while working for an employer who helps the apprentices learn their trade or profession, in exchange for their continued labor for an agreed period after they have achieved measurable competencies.
Employment is a relationship between two parties regulating the provision of paid labour services. Usually based on a contract, one party, the employer, which might be a corporation, a not-for-profit organization, a co-operative, or any other entity, pays the other, the employee, in return for carrying out assigned work. Employees work in return for wages, which can be paid on the basis of an hourly rate, by piecework or an annual salary, depending on the type of work an employee does, the prevailing conditions of the sector and the bargaining power between the parties. Employees in some sectors may receive gratuities, bonus payments or stock options. In some types of employment, employees may receive benefits in addition to payment. Benefits may include health insurance, housing, and disability insurance. Employment is typically governed by employment laws, organisation or legal contracts.
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The Confederation of British Industry (CBI) is a British business interest group, which says it represents 190,000 businesses. The CBI has been described by the Financial Times as "Britain's biggest business lobby group". Incorporated by royal charter, its mission is to promote the conditions in which businesses of all sizes and sectors in the UK can compete and prosper for the benefit of all. In 2023, the association was shaken by numerous accusations of sexual misconduct in the organisation.
Structural unemployment is a form of involuntary unemployment caused by a mismatch between the skills that workers in the economy can offer, and the skills demanded of workers by employers. Structural unemployment is often brought about by technological changes that make the job skills of many workers obsolete.
Retraining or refresher training is the process of learning a new or the same old skill or trade for the same group of personnel. Retraining is required to be provided on a regular basis to avoid personnel obsolescence due to technological changes and the individuals' memory capacity. This short-term instruction course shall serve to re-acquaint personnel with skills previously learnt or to bring their knowledge or skills up-to-date (latest) so that skills stay sharp. This kind of training could be provided annually or more frequently as maybe required, based on the importance of consistency of the task of which the skill is involved. Examples of refreshers are cGMP, GDP, HSE trainings. Retraining shall also be conducted for an employee, when the employee is rated as ‘not qualified’ for a skill or knowledge, as determined based on the assessment of answers in the training questionnaire of the employee.
The Youth Training Scheme (YTS) was the name in the United Kingdom of an on-the-job training course for school leavers aged 16 and 17 and was managed by the Manpower Services Commission. The scheme was first outlined in the 1980 white paper A New Training Initiative: A Programme for Action, and it was brought into operation in 1983 to replace the Youth Opportunities Programme by the government of Margaret Thatcher. Initially lasting one year or six months, the scheme was amended in 1986 to be so that it could be extended to two years.
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Pennsylvania CareerLink is a collaborative project between multiple agencies to provide career services to Pennsylvania employers, potential employees, and others.
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Sir John Maurice Laing was a senior executive of British construction company John Laing plc. He was the first president of the Confederation of British Industry in 1965–66.
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Youth unemployment in the United Kingdom is the level of unemployment among young people, typically defined as those aged 18–25. A related concept is graduate unemployment which is the level of unemployment among university graduates. Statistics for June 2010 show that there are 926,000 young people under the age of 25 who are unemployed which equates to an unemployment rate of 19.6% among young people. This is the highest youth unemployment rate in 17 years. In November 2011 youth unemployment hit 1.02 million, but had fallen to 767,000 by August 2014. The high levels of youth unemployment in the United Kingdom have led some politicians and media commentators to talk of a "lost generation".
Workforce development, an American approach to economic development, attempts to enhance a region's economic stability and prosperity by focusing on people rather than businesses. It essentially develops a human-resources strategy. Work-force development has evolved from a problem-focused approach, addressing issues such as low-skilled workers or the need for more employees in a particular industry, to a holistic approach considering participants' many barriers and the overall needs of the region.
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Swami Vivekananda Youth Employment Week was a weeklong youth employment festival organized in Gujarat, India, in April 2012. During this week, Narendra Modi, Chief Minister of Gujarat, handed job appointment letters to 65,000 youths. The event was organized as a part of the 150th birth anniversary of Swami Vivekananda celebrations in the state.
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