Posts tagged ‘Time Of Year’

Local firm Aspire Recruitment Solutions reports that the REC says “Increased uptake is positive but more apprenticeships are needed to meet youth employment challenge”

The Recruitment & Employment Confederation (REC) has welcomed positive data on the overall uptake of apprenticeships whilst underlining the need to ensure that they provide a genuine route into employments as well as a means of up-skilling existing staff.

The latest figures

Show that over 250,000 apprenticeships have been created in the 2010/2011 financial year, which exceeds the Coalition Government’s targets.  However, this includes a big increase in short-term apprenticeships – often taken up by those already in employment.  Furthermore, a greater number of these positions have gone to the over 25’s, raising concerns about whether the Government is responding effectively to the UK’s youth unemployment crisis.

Need to accelerate use of apprenticeships

Commenting on this, Tom Hadley, Director of Policy and Professional Development at the REC said;

“The latest data shows some encouraging trends in terms of the overall take-up and progress has also been made in terms of positioning apprenticeships as a credible alternative to university. However, we need to accelerate the use of apprenticeships as a genuine route into the work of work for young job-seekers.”

This was one of the key recommendations of the REC’s Youth Employment Taskforce and the latest statistics do not mask the need for sustained Government action in this area. The recruitment industry can play its part by developing apprenticeships within the sector, and by raising awareness amongst clients and candidates.

 New batch of school leavers will flood the employment market

Writing Exams“With thousands of A-level students leaving school at this time of year, it is increasingly clear that young people require targeted, focused assistance. This includes practical guidance on the benefits of apprenticeships and on the sectors where job opportunities are most likely to exist both now and in the future. As well as continuing to actively promote the apprenticeship route, the Government must commit to establishing a careers guidance network that is fit for purpose.” (Taken from the REC website- 15th August 2011)

For more information/advice please contact the friendly team at Aspire on 01954 253440

If you found this post interesting/useful please share it with your social network and/or bookmark it.  Also, your comments are always valued and will help me to write new posts that are relevant to readers of this blog.

On Wednesday 24th March the Chancellor, Alistair Darling gave what could be his last budget. Many are saying how the budget was a waste of time, being so close to an election and the lack of assistance to small businesses or real attempt to recover from the significant budget deficit certainly supports this view.

Businesses however, should consider reviewing their own budgets and make sure they are set appropriately. As someone a lot wiser than me once said ‘failing to plan is planning to fail’.  Just as sinful is spending time creating a business plan and annual budget and not reviewing, updating or revising them on a regular basis.

Budgets are an important tool for anyone in business and at least an annual review should be considered. Many businesses approach their accounting year end at this time of year so it is an ideal time to appraise how your business is doing and what you wish it to achieve in the future.

Here are a few tips to consider when reviewing your budgets for the year:-

  • Are you producing management accounts on a regular basis, if not, what financial information can you easily extract from your accounting system that would help you monitor the business?
  • Business forecasts and cash flow projections should be prepared for a minimum of twelve months giving you something to monitor performance against;
  • You should ensure budgets are realistic in the current climate,
  • Are there any costs that can be trimmed back? Do you know which of your costs are fixed and which are variable, in reality in the short term most costs are fixed, if you need to go through a cost cutting exercise you need to know which costs can be varied and when.
  • Is cash flow behaving as expected? Are you likely to need further banking facilities at some point in the future?  Are your debtors and creditors being managed appropriately?
  • If you are selling a product, it is important to know at what point the business is generating a profit, following the recession with pressure on prices the break even point can be higher than you realise, you need to be aware of this.
  • If you are selling a service, do you know how many of hours of time you are invoicing out a month, you may feel busy but is it resulting in billable income.
  • How are you generating new business, and what is this costing you in terms of time and resources.  Are you being realistic about how much new business can be won?

Focus your attention

Reviewing your businesses budget can be a very valuable exercise.  It will focus your attention on how your business is doing and help you to keep control of costs.  It should also give you a target to achieve for the future.

If you are in business on your own, it may be beneficial to speak through your budgets with someone who understands your business, like your accountant, for example as this may help you to look at the bigger picture, question your processes or brainstorm ideas.

The information provided in this blog illustrates my opinions and experiences, it does not constitute advice and I do not accept responsibility for any actions taken or refrained from as a result of reading this post.