As the latest NEET figures reveal numbers are still at a record high, a new study highlights the role apprenticeships play in getting school and college leavers into work
Just under a million 16 to 24 year olds are currently unemployed in the UK. Meanwhile the number of young people applying to go to University has fallen since the introduction of Tuition Fees last year. So options for this age group seem to be limited, but are they?
Industry experts are calling upon the government to give a greater priority to and focus on vocational courses over university degrees, after a major report revealed that apprenticeships could result in comparable earnings to a university graduate.
Whilst 44% of 2012/13 graduates are predicted to be either underemployed or unemployed six months after leaving full time education the report commissioned by AAT (The Association of Accounting Technicians) and compiled by CEBR, reveals those with vocational qualifications such as Higher Apprenticeships can earn an estimated £150,000 more over their lifetime than someone with no qualifications, which is comparable to the earnings advantage a graduate could expect.
The report also highlighted that just 4.5% of those with Level 4 vocational qualifications are unemployed which is significantly less than the 12.1% of 2012/13 graduates predicted to still be unemployed six months after graduating.
Watch the folvideo to find out more about the AAT report’s findings: http://www.youtube.com/watch?v=1WOBQqD6xKY