Budget 2014: companies hiring graduates over apprentices to pay premium

By Alex Townley

The minimum age for contributions to National Insurance is set to be raised to 21, announced George Osborne today in the Budget 2014.

George Osborne presents the Budget

George Osborne presents the Budget

Hiring graduates is a costly business. Once you take into account the expenditure of searching for the right person, dedicating members of staff to interviewing and selecting the best candidate, and the initial training period, taking on a new employee is an expensive business.

When you then factor in salary and National Insurance, which currently stands at approximately 13.8% of the salary, and businesses’ reticence to expand their workforce is understandable.
It is, therefore, welcome news that National Insurance will be scrapped for under 21s from April 2015. Young people have suffered disproportionately during the recession (youth unemployment is still hovering around 20%, above the national average of 7.2%) so any move to address this imbalance is to be welcomed.

Inspiring Interns is, however, disappointed to hear that this announcement is limited to under 21s. As a result, a large proportion of graduates will be still be subject to National Insurance,, potentially creating a two-tier youth employment market where university leavers become ‘second-class employees’.

Ben Rosen, CEO of Inspiring Interns, said:

“George Osborne’s abolishment of National Insurance for workers under the age of 21 will help countless small businesses across the UK. But limiting this move to under 21s, and potentially punishing many graduates, is a confusing message while the Government to continue to tout the benefits of higher education to young people.

“In our experience at Inspiring Interns, a business’ most valuable asset is the people it employs; hiring a graduate over an apprentice or school-leaver should not carry a premium price – especially as apprenticeships already enjoy far greater political and financial support than equivalent graduate schemes. We have worked with over 800 companies across the UK and place graduates into meaningful internships globally: this tax is a slap in the face of many start-ups and growing businesses who wish to employ someone with a degree and does nothing to ensure graduates are employed in meaningful jobs.”

Inspiring Interns is the UK’s leading intern recruitment agency. We match ambitious graduates with growing companies across the UK. We work with companies ranging from big multinationals to brand new start-ups across the UK from our offices in London and Manchester.

Alex is the marketing manager at Inspiring Interns. He enjoys sport, cinema, admiring sharks from a safe distance (on TV) and supports Arsenal. Alex occasionally blogs on plainhelvetica.com, tweets @agtownley or you can add him to your circles on Google+. He is currently training for the London Marathon! Track his progress here: http://plainhelvetica.com/running-with-asthma/

19
Mar 2014
AUTHOR Alex
CATEGORY

News

COMMENTS No Comments

Competition: create a short film for Sundance London

You may remember a few months back our partnership with Talenthouse on giving you glorious grads the opportunity to enter their 3D Design Competition in partnership with 100% design and iMakr?

Well we’re back! We’ve taken our friendship with Talenthouse to the next level in 2014 and are pleased to announce our latest competition for you to get involved in. This one’s for all the fresh students and graduates out there interested in film making.

In association with #SundanceLondon, we bring you the opportunity to have your film screened as part of Sundance London Film and Music Festival, a curated event for students who love film, recognised as one of the most prestigious events in the film calendar! We’re inviting filmmakers and directors alike to submit a short 3-5 minute film inspired by the theme ‘Making A Go Of It’. For more details on the creative brief and how to get involved, take a look below.

Know any film fanatics keen to gain industry exposure? Share this blog post with them on Twitter, Facebook or link back here from your own blog and help us spread this competition! Success in an opportunity like this could not only boost your CV, it presents a fantastic opportunity for budding filmmakers to showcase their skills and talents on an exciting platform in front of potential employers and partners. Previous winners have been picked up by various directors and institutes, gaining prestigious recognition and a huge helping hand in the film world!

Hannah is a Digital Marketing Executive at Inspiring. She tweets about all things golden here: @hlcroberts and pins all things pretty here: gildthelilly. You can also connect with Hannah on Google+

Internships are a force for good but SME contribution under-recognised

“Record numbers of graduate jobs will be reserved for students who have completed placements at Britain’s leading companies,” today’s Telegraph article begins. Seemingly this is good news for graduates, but does it paint the whole picture?

We at Inspiring Interns worry that the survey, conducted by High Fliers Research, only took into account the opinions 100 leading employers across Britain, effectively ignoring the majority of graduate employers.

A recent IntaPeople survey showed that these ‘major’ schemes employ just 4% of graduates. This means that 96% of graduates will not enter a graduate scheme with one of Britain’s leading companies but start their careers in a junior role at a smaller company.

It is frustrating to see a survey that ignores the opinions of the hiring majority across Britain receive such extensive media coverage. With SMEs responsible for 71% of jobs created in 2009-10, surely they deserve a voice in the graduate unemployment landscape? What’s more, many SMEs that are ready to take on a graduate often struggle to attract applicants due to limited advertising budgets and in turn, many graduates are unsure where to look for these opportunities – only a certain number of companies can hope to be found by Google when they publicise vacancies on their website.

At Inspiring Interns we predominantly work with small and medium sized enterprises (SMEs) and our experience is that more and more businesses are looking at hiring graduates. Often this is done through internships, which give the company a chance to train up a candidate and see them in their workplace; on the other side of the coin it allows a graduate to establish if a role and a company is right for them. Because these roles are not specifically designated for graduates and SME activity is notoriously difficult to measure you will not find these jobs appearing in many official reports or surveys. But they do exist and they represent the reality of the graduate job market.

The figures speak for themselves: 66% of graduates that come to Inspiring Interns end up with a permanent job at the company where they have interned.

So while you should take heart from the latest High Fliers Research survey and acknowledge that you are much more likely to receive a job offer with some work experience under your belt, remember that working for one of Britain’s leading companies is not the be-all or end-all.

Alex has been at Inspiring since December 2010 and manages the marketing team. He enjoys sport, cinema, admiring sharks from a safe distance (on TV) and supports Arsenal. Alex occasionally blogs on plainhelvetica.com, tweets @agtownley or you can add him to your circles on Google+. He is currently training for the London Marathon! Track his progress here: http://plainhelvetica.com/running-with-asthma/

13
Jan 2014
AUTHOR Alex
CATEGORY

News, Press releases

COMMENTS No Comments

The future of university: traditional vs. online?

If you were to ask a lecture hall full of university students where they saw the future of higher education going you’d probably expect the vast majority to say it’s going online. Our opinions of online learning are largely based on what we’ve seen so far; in other words, the widespread rise of online classes.

When we talk about technology-enabled learning, most people probably think of online classes, which have had mixed results so far. On one hand, online courses can make higher education much more affordable and accessible. On the other hand, not all students can stay engaged and successful without regular feedback and interaction with their instructor and other students. Even the best online classes cannot hope to duplicate the rich spontaneous interactions that can take place among students and instructors in the classroom.

Time, distance and affordability are just a few of the reasons why online classes can’t currently match the setting of a classroom or lecture hall. But these limitations will almost certainly be overcome, especially considering the pace of change in technology. With this in mind where would the current tech-savvy, Generation Y cohort actually prefer to study? The results of a recent survey may surprise you:

When students were asked what they perceived the future of education to be like, 39 percent claimed it would be more virtual with 40 percent blaming their reliance on technology for negatively affecting the growth of their interpersonal skills. But it was the 78 percent of students who still contend that learning in a classroom is easier than online that was really surprising.

Despite this revelation that seems to indicate that current students would rather learn in the physical classroom environment compared to virtually, those surveyed still acknowledged the benefits of learning online:

• Only about half of students polled thought that they truly needed to attend a class in a physical setting in order to get a good education
• The vast majority of students were willing to try out getting a professional experience online
• 84 percent of students use a computer in a classroom setting already

“Millennials understand that the future of education is online and since they were brought up with the internet, they are prepared for that change,” explained Dan Schawbel, founder of Millennial Branding. “Education should not be a one size fits all model because everyone learns differently, regardless of age, occupation and location. More online courses should be offered to cater to those who learn better in a virtual classroom.”

Clearly, the battle lines for the future of University have been drawn. Where do you think it’s heading: Traditional or Online?

Here’s a few thoughts shared on the subject on Twitter:

Sources: The Huffington Post | InTheCapital

Keep up to date with the launch of GradQuiz – check them out on Facebook or follow them on Twitter.

14
Oct 2013
AUTHOR Inspiring
CATEGORY

News

COMMENTS No Comments

Design a 3D printed product for 100% Design – competition

Continuing our partnership with Talenthouse, the world’s platform for creative collaboration, we are pleased to showcase their latest 3D design competition in conjunction with 100% Design and iMakr, the world’s largest 3D printing store. 3D printing is the future of design, so now is a great time to get involved.

We’re looking for creative designers to design an item (furniture, lighting, tableware, technology or any accessory) in 2D or using 3D software. Five winners will have their designs printed in 3D and displayed at the 100% Design exhibition in September and one will win a 3D printer, worth £800! You can enter right here on the blog. You must submit your design by August 19th to enter.

Know any creative designers interested in embracing the future? Share this blog post with them on Twitter, Facebook or link back here from your own blog and help us spread this competition! Winning a competition like this could help boost your CV and hence your career, not to mention getting you in front of potential employers that might be interested in your work at the 100% Design show.

30
Jul 2013
AUTHOR Alex
CATEGORY

Events, News

COMMENTS No Comments

Interning with Crohn’s Disease

Editor’s note: We got in touch with Gabi recently after she tweeted at us with her blog. We always love to hear inspiring stories, such as Gabi’s, so invited Gabi to blog and share her story with you all here. If you have an inspiring story you would like to share, please get in touch!

My name is Gabi Cox and I am a 21 year old fashion student and intern. To look at, you would think I was a completely normal girl in her 20s, but when I was 16 I was diagnosed with Crohn’s Disease, a life long bowel disease.

Since my diagnosis I have battled for six years with hospitals, awful treatment and being very poorly indeed. In the past year I have had two hospitalisations and four weeks ago I had my first surgery. Despite all the doctors best efforts I had to have an ileostomy, leaving me with a stoma (called Margaret) and a bag.

All of this has been happening alongside my life in the fashion industry. I am now about to enter in to the final year of my dream degree and I try to complete as many internships as I can. These internships are exhausting for the average student but having Crohn’s means I suffer more than normal. Despite this I do not let the disease stop me and throw myself in to any placement I can get. I have continued interning whilst being extremely unwell and have only stopped interning when I was home bound by the disease. I have always been very upfront to my placements about my disease, and I have never had any negativity. People are so kind and understanding when they find out, especially if you are still working hard and don’t let it get you down. Over time I have learnt what I can realistically cope with and although I push myself to the limit I now know when to stop. Now that I have Margaret and a bag, I should have an element of security. Once the recovery process is over I will be largely symptom-free and be able to live a normal life again. For me this means completing many more internships, which I have already booked, as well as graduating. To many Crohn’s Disease and Margaret would seem like a huge disadvantage but I prefer to look at things differently. I am much more determined and have an extremely strong work ethic as a result of the disease; I know I have to go the extra mile and put in the extra effort to achieve my goals. This attitude has meant I have been able to complete placements at some of the top fashion magazines in the world.

Since being unwell and stuck in bed I have not slowed my momentum to achieve, I have scheduled future placements and have set up my own blog. My blog, The Gift of the Gab, documents my journey with the disease, including surgery, as well as my life as an intern. My blog has only been live for 7 weeks but already has nearly over 27,000 views – it has been shared by the likes of Lord Alan Sugar, Elle’s Editor in Chief, Lorraine Candy and The Telegraph’s Fashion Director, Hilary Alexander. I approach the disease with honesty but also with humour and light heartedness. I want my blog to raise awareness for the disease and to banish the stigma attached to IBD and ostomies. I want people to talk about it and show that despite it all one can still live a normal life and be successful.

You can follow my story at giftofthegab1.blogspot.co.uk and @gabicox12 on Twitter.

Graduate of the year 2013

Graduation. The conclusion of three or four years spent working hard, and no doubt playing hard. It’s a time to celebrate your achievements and to mark, what is for most, the final education chapter of your lives. However, we at Inspiring Interns are fully aware that the concept of graduation can come more as a looming grey cloud, and with unemployment levels among 18-25 year olds at an all-time high, it’s no surprise. It’s been reported that as competition for UK graduate positions continues to rise, there are currently 50+ applicants fighting for every one graduate job, highlighting how graduates are finding it tougher than ever to land an entry-level opportunity. Rather a bleak picture, right? (Our shiny, bright internships aside, of course.)

Right. But, there are glimmers of hope out there for you. In support of graduates across the country, and as strong leaders in the battle of youth unemployment, we’ve partnered with top employment companies Adzuna and Milkround to present their graduate of the year competition! A nationwide campaign launched to find the best graduate in Britain. It’s open to all recent and soon-to-be graduates with rewards going to brightest and best in each field, from young entrepreneurs and maths geniuses to sporting heroes and artistic protégés.

So what’s required of you? It’s simple really. Answer a series of straight forward questions about yourself and what makes you special. The chosen ones will be rewarded with the following…

• A paid internship with a top UK company (including eBay, L’Oreal, Sony & Google)
• A cash prize of £1,000
• A CV clinic with a top UK entrepreneur
• The illustrious crown of “graduate of the year”

Applications are now officially open, and will remain so until midnight, 1st July 2013. Students and recent grads can apply here. The award ceremony will take place on 1st August, when the overall winner will be announced.

Good luck!

Hannah is a Digital Marketing Intern at Inspiring. She tweets about all things golden here: @hlcroberts and pins all things pretty here: gildthelilly.

Talenthouse competition – Join Billabong’s official photography team in LA

Inspiring Interns are pleased to announce that we have partnered with Talenthouse, the world’s platform for creative collaboration. Talenthouse works with established artists and iconic brands to host global online campaigns that gives creative individuals the opportunity to win great prizes and life-changing experiences. In the coming months we will host a variety of Talenthouse competitions on our blog across film, fashion, music, art/design and photography.

This time we’re looking for ambitious photographers to take part in Billabong’s #dreamincolours competition. For information on how to enter and for information on prizes for the winners, scroll below! You can enter right here on the Inspiring blog.

Winning a competition like this and the international recognition that comes with it could propel you to the forefront of an employers’ minds, helping you to secure an internship or graduate job.

If you know any budding photographers, do share this blog post with them on Twitter, Facebook or link back here from your own blog and help us spread this competition!

A 6 month money plan for US interns

By American blogger Ashley Roberts. This article is ideal for those interested in how to find an internship or job in the States or for any American readers considering an internship or graduate job! Ashley writes on the situation in the USA – her views do not reflect those of Inspiring Interns.

Once upon a time interns used to earn nothing and new hires earned just above that. Today interns earn meagre stipends and new hires earn…well, their wages haven’t changed much. But fear not! There are things that you can do to get through that six month internship (or your first six months at a new job) without having to depend upon ketchup packets for nourishment.

Step one: Find roommates. If you are able to do your internship or start that new job while still living at university and taking advantage of the dorms and meal plans there, more power to you. If you aren’t that lucky, though, having roommates can really help cut down on expenses. You can cram four people into a two bedroom apartment comfortably. Do it!

Step two: Start building your credit now. You want a low APR and a reasonable repayment plan. If at all possible, you should aim for one of those cash back business credit cards. This way you can earn points on the purchases you make (the best points programs allow you to turn in your points for gift cards that you can use anywhere).

Do not charge everything to this card! Use it for only what you can afford to pay off in cash as soon as you get home. Use the card once or twice a month and pay it off each time. You’ll build a solid credit history and score for yourself that you can use to your benefit later on. So start shopping around for the best deals on credit cards.

Step three: Grow or make your own. Growing your own veggies, fruits and herbs saves you hundreds of dollars a year on groceries at the store. They taste better too. Make your own meals instead of eating out. Homemade meals are healthier than fast food and cheaper to make. This is especially true of your lunch—you can save hundreds of dollars a month by bringing a bagged lunch from home instead of hitting the closest fast food joint.

Step four: Learn to love your library. Instead of buying books and movies and subscribing to lots of magazines, utilize your library! You can sit and read magazines for as long as you want without anybody bugging you about buying them. You can check out books, movies and even CDs to read watch and listen to at home. Sure you have to take them back but you won’t have to worry about wasting money on something you might not enjoy as much as you had hoped.

Step five: Walk, bike or take public transport. Cars are expensive. A monthly transport pass costs a small fraction of what you’d pay on loan payments, maintenance costs, gas and insurance each month. Walking and biking are also healthier for you than sitting in your car.

Most importantly: Save every penny you possibly can. Money left over after bills and groceries should go into your savings account, not to the mall. Set aside at least 10% of every payslip you get, no matter how meagre. Having a savings account/emergency fund on hand will save your sanity. Trust me on this.

Good luck! In the future, you’ll look back at your period of scrimping and saving fondly.

Renting in London – fighting back on behalf of generation rent

This article was provided by Will Harrigan, founder of Deposit Doctor – leading the rental revolution for tenants across the UK.

With more than 50% of Londoners now estimated to be living in rented accommodation the demand for rental properties in the capital is greater than ever before. Given the limited supply of properties on the market, the balance of power has shifted in favour of landlords who in many cases are just out to make a quick buck. The increase in demand over the past few years has put landlords in a position to charge spiralling rents for properties which don’t always meet the requisite standards. Indeed, it is estimated that 39% of privately rented properties do not meet the Government’s decent home standard. The Government itself has described the rental market as ‘the property industry’s Wild West’.

However, price is still the main concern for many renters, and according to a survey by lettings group LSL, the average rent paid by private tenants in the capital was £1,057, compared to £725 for the UK as a whole – a difference of more than 31%. The high cost of renting in London is being felt in particular by students and interns. According to a recent survey by studentbeans.com, 8 out of the UK’s 10 most expensive universities for student housing were in the Capital. Those without the luxury of university accommodation to fall back on can often find themselves paying over the odds for a property due to a lack of familiarity with the capital and its pricing structures. Amongst the most likely to be taken advantage of by overcharging landlords are thought to be international students and interns who have little knowledge of how to rent in the UK or of the potential pitfalls involved. According to the same survey, two-thirds of UK-based students and interns felt they had been taken advantage of by landlords and estate agents. 50% of students and interns renting properties from private landlords do not receive back their full deposit while one in 10 receives nothing back at all. As our largest financial outgoing seeking rental assistance is strongly recommended.

At Deposit Doctor we are revolutionising the way we rent property and working to ensure that more is being done to protect tenants’ rights in the UK, and shift the balance of power away from landlords. Our team of friendly Deposit Doctors are able to utilise their understanding of the UK rental market and letting law to make sure that your rights are being upheld. Our services include:

• Deposit negotiation
• Rent negotiation
• Tenancy Contract negotiation
• Tenancy management
• Rental relocation

We are a small but perfectly formed outfit, comprising friendly ARLA and RICS qualified experts. We provide a bespoke service to our clients and pride ourselves on being able to solve any rental problem or need. Unlike letting agents who represent landlords we represent you and are fast becoming the #HomeOfTenants.

For further information call our rental hotline for free advice on 020 7207 9053. Alternatively email info@deposit-doctor.co.uk or visit www.deposit-doctor.co.uk for more information.

Quote ‘Inspiring Interns’ and you will be entitled to a 10% discount if you choose to use Deposit Doctor’s services!