The latest survey by the Office for National Statistics revealed unemployment figures have risen to 2.68 million in the three months to November 2011.  The unemployment rate for young people was 22.3%, up 1% from the three months to August 2011 with a total of 1.04 million 16 to 24 year olds out of work.

The UK’s jobless are losing hope for the future with the number of people unemployed for over one year reaching 857,000 in the three months to November 2011. Research conducted by The Prince’s Trust found that unemployed young people are feeling less confident about the future than they did this time last year.

With job losses in the public sector likely to continue, the Government must make every effort to help the private sector and SMEs to create more jobs. The key to reviving the job market is to focus on enhancing the right skills and considering roles in growing sectors and newer industries.

In our experience most success has been found in newer industries which often complement many graduates’ personal interests. Areas such as mobile technology and digital marketing offer potential for swift progression when compared to more traditional professions and also allow university leavers to draw on familiar skills, such as knowledge of social media.

Inspiring Interns are championing graduate internships as a new and successful approach to encouraging small business to hire university leavers and getting graduates into work. Their model – a three month placement with minimum lunch and travel expenses, with a view to permanent graduate job – has seen over 1,300 graduates complete internships in the London area in the last three years, with 65% of them going on to secure full-time work with their host company. Inspiring Interns CEO and founder Ben Rosen believes that internships are the perfect model to get graduates into meaningful work.

“An internship provides that stepping stone between student life and the working world – it is a vocational learning experience that more often than not will lead to a job.”

Rosen also explains the benefit for employers;

“Internships offer employers the chance to hire someone on potential rather than experience. A three month internship period allows them to offer the intern training and the chance to observe them in the workplace before committing to taking them on permanently. This limits their risk and allows them to take a candidate on who they would not have otherwise.”

It was a sad farewell to our old pad which has been our home for nearly 3 years but for an ever expanding business we are moving on to bigger and better things.

The new office offers more space for our growing team to help even more graduates into jobs. We now have two candidate interview rooms so we can help twice as many young people every day.

In the move we managed to keep the essence of our old office and not lose any of the Inspiring charm -we have just spruced it up a bit!

Have a nose at the photos from our moving day:

The average number of graduates applying to each vacancy has risen to 83 – up from 31 just three years ago, it was reported yesterday.

The headline figure from the bi-annual Association of Graduate Recruiters (AGR) report makes grim reading for those poised to leave university. The number of CVs sent in for each vacancy is now the highest on record so job prospects look slim for the class of 2011. However, it’s not all doom and gloom for university leavers.

The AGR report gives a skewed picture of the graduate job market with too great an emphasis on big business. The statistics do not reflect the positive developments within SME recruitment and small firms which often have far less competition for positions and graduates are far more likely to succeed with speculative applications.  Although they may not provide a marquee name for your CV, often these roles provide far greater responsibility and better prospects for young jobseekers.

Students are often drawn to the ‘big boys’ on the milkround, who advertise heavily with university careers services and can offer eye-catching starting salaries. For many graduates, however, starting with a smaller company is often a more rewarding move. Better work-life balance, improved job satisfaction and swift progression up the career ladder are the sorts of benefits many employees find working within small business can bring.

So don’t let negative media dishearten you and stay positive about your job hunt. There are plenty of opportunities out there if you look in the right places, graduate schemes do not start and end with the big multi-nationals. Focusing on smaller companies and completing a graduate internship could be the key to unlocking your career.

New statistics published by the Association of Accounting Technicians reveals that 40% of last year’s graduates are ‘underemployed’ in lower-skilled jobs six months after leaving university. This figure has risen from 30% in 2007.

Graduates have been among the worst hit by the economic downturn with research forecasting a deteriorating jobs market for graduates who will leave university this summer. The study predicts that the figures will rise to 42% of this year’s graduates working in low-skill jobs where a degree is not required, six months after graduating.

With the tuition fees set to soar, this raises the question of whether a university degree is worth the financial investment. Jane Scott Paul, chief executive at the Association of Accounting Technicians who commissioned the study says; “If we are asking people to invest £9,000-a-year on tuition fees, they should expect a credible return on that investment. Yet over half the graduates are nowhere near benefitting from their degree and the situation is set to get worse.” Therefore those considering the option of university need to think more carefully about job prospects and employability skills post-university.

The study shows graduates of law, history and philosophy are the most likely to be “underemployed”. However, graduates in medicine, dentistry and veterinary science are more likely to be in graduate employment.

With high competition for graduate jobs the alternative choice for university leavers is to find a graduate internship. Rather than taking a menial, low-skilled job that the candidate is over qualified for, an internship can bridge the gap between university and a graduate job. A good graduate internship can provide valuable work experience, key skills and the potential to build up a network of contacts.

Do you take whatever you can to start earning money, whether this is a supermarket job or call centre with no career prospects? Or do you gain experience and contacts through a graduate internship, progressing to a full-time permanent role?

So it came as something of a shock when news reached Inspiring Towers that Twitter has a low take up among 18-24 year olds compared to other social networks. The common accusation levelled at the micro-blogging site is that it is a poor mans Facebook status update, a mere forum for sharing your daily tedium (I had eggs for breakfast!! ). Undoubtedly this sort of post does make up a share of Twitter traffic, but by no means does it define it.

Twitter is about engaging with anyone who interested you. Not just friends (as in Facebook), not just professional contacts (as in LinkedIn), but absolutely anybody you feel might have something worthwhile to say or to share. That might be a celebrity (Inspiring Interns follows @stephenfry), a journalist (@jan_murray, education journalist), or something completely random (@sesamestreet ?!).

Of course, Twitter isn’t just for pleasure. Increasingly recruiters are using it as their tool of choice for sourcing candidates. When job hunting Twitter is also a great way to find and get in touch with key decision makers you might not reach otherwise. You can find some good tips here.

The reach and influence that Twitter commands is clearly increasing. Restricting anything to the now ubiquitous 140 character limit is, to use Twitter parlance, trending – from the Bible to CVs. There are even surveys demonstrating that Twitter users are more likely to get a job, so well-practised are they in the art of being concise.

T-Mobile is even running a competition where business owners and entrepreneurs can send a straight-talking pitch on why their business is so great in (you guessed it) 140 characters. With a first prize of £2000 and two second prizes of £1000, being an expert Tweeter could prove to be a very valuable tool.

So with all these benefits, the one question remains for 18-24 year olds: why aren’t YOU on Twitter?

It is something that we know will come as no surprise: graduate salaries are on the decline.

XpertHRs annual graduate recruitment survey showed that starting salaries offered to graduate recruits are 6% lower than in 2009; indicating that they are not keeping up with pay rises across the economy.

Following the student riots over university tuition fee increases last week; this news – though not good – could act as some justification for the protesters. Part of the rationalisation for the substantial tuition fee increases was because it was alleged that graduate salaries were becoming more generous, something the XpertHRs survey disputes.

Half of the 190 employers surveyed offered graduates starting salaries of between £20,000 and £26,000. Overall however, the starting salaries varied greatly: with the lowest graduate earning £12,000, and the highest receiving £42,500.

As the cost of living continues to rise, it is feared that graduates will face further financial pressure in the future, particularly in the context of increased student fees to initially contend with.

Background information

The UK currently has five million people on out-of-work benefits, with it recorded last year that three million working-age people had been receiving those benefits for two years or more. Government statistics further showed that 1.4million people have been on an out-of-work benefit for nine or more of the past ten years. The numbers mean that the UK has one of the highest rates of workless households in Europe; with 1.9m children living in homes where no-one has a job.

What exactly is being proposed?

To try and reduce these figures the government plan to make it compulsory for those unemployed on a long term basis (although ‘long-term’ has yet to be defined) to do community work, such as gardening, litter-picking or working with a charity.

Though the community work scheme is in the process of being officially outlined, initial submissions suggest that the placements will be more like ‘work experience’ than full-time jobs, lasting from two weeks to one month. The claimant would be expected to work a 30 hour week to allow them to “experience…the habits and routines of working life” again.

Any claimant who refused or failed to turn up to work on time could then have their £65 Jobseekers’ Allowance frozen for at least three months.

The ‘Work Activity scheme’ is said to be designed to help reduce welfare dependency, stop claimants from opting to take benefits rather than work, and flush out those claiming whilst doing undeclared jobs on the side.

Points against the proposal

- Unemployed people will be treated like prisoners – Community service is currently the most frequently used form of punishment for those convicted of a crime, with over 20,000 people given a community sentence last year. By making the unemployed also do community service, they are a) being “punished” in the same way as a convicted criminal, and b) reducing the impact of this prevalent court punishment for those that have caused a criminal offence.

- It will cause already vulnerable people into further despair – The Archbishop of Canterbury is against the proposals, saying he believes it could drive people “into a downward spiral of uncertainty, even despair.” He argued that people who are already genuinely struggling to find work and struggling to find a future do not need their unfortunate circumstances turned against them.

- It could cost lower sector workers their jobs – If the unemployed are made to do lower sector jobs such as litter picking and gardening, then the demand for people currently hired to perform such roles will lessen or even cease to exist. If those people then become unemployed, they could end up finding themselves doing the same role as before, but on a far smaller income provided by the benefit system.

-  It will force the wages of the average worker down – If people are made to work for free, then the whole employment system could end up restructuring.  Unemployed people, feeling that a certain job is more desirable than community work / that any money paid is better than nothing, may feel forced to accept jobs for less pay than other competitors. The result is that those competitors then also have to take less money to get another job, and so on and so on, eventually impacting the average workers wage bracket.

- Forcing people into work will mean they have less time to find better employment – People who are made to work 30-hour weeks will have less time to search and apply for job posts, meaning that they will be even more unlikely to acquire themselves a permanent position.

- It is slave labour – Forcing people to work for free is being deemed as unlawful and has been accused of being the modern day equivalent of ‘slave labour’.

Points for the proposal

- It will help to flush out ‘benefit scroungers’ – By making people do community service, it will teach those who have opted for a life on benefits rather than employment that they can no longer have their lifestyle funded by those that work. It will also put a stop to those claiming benefits whilst unlawfully working, as they will not be able to carry on their undeclared position whilst carrying out the compulsory work scheme.

- It is fairer to the taxpayer – The unemployed should give something back to those paying for their benefits by helping out in the community. There are many people who have never claimed jobseekers, and have always managed to maintain a working life even if they had to take less desirable positions. Why should they then fund people to ‘sit at home’ when these people could be filling many important roles within the community?

- Allows people to experience the workplace again – Danny Alexander, the Lib Dem Secretary to the Treasury, told the BBC’s Politics Show that the scheme was intended to “support and encourage”  people to get back into the habit of getting up and going out to work, rather than remaining isolated at home. He also said it would help people demonstrate their employability to prospective employers, after many employers said they look more favourably to people who had done some work recently than those who had been unemployed for a long time.

- It gives people more of a push to find something better employment wise – If people are forced to do jobs such as litter picking and gardening, then it may a) motivate them to up the job search to look for something better, or b) make them consider taking jobs which they may have previously felt were beneath them.

- Breaks the cycle of welfare dependency – With the current benefits system meaning that some claimants are no better off – and sometimes poorer – if they come off the dole to take jobs paying up to £15,000 a year, many have admitted they purposely didn’t take work offered to them. With the new system, those who refused to take work, take jobs that were offered to them or do voluntary work would have their handouts stopped, and so the cycle of welfare dependency at the taxpayer’s cost would come to an end.

- It will save money – 14% of Britain’s national income is currently spent on welfare. As the country struggles to pay back its £156 billion budget deficit, the benefits system is being seen as a significant area where costs can be reduced. Iain Duncan Smith, the Work and Pensions Secretary said, “The benefits system is a deeply ineffective and costly way of subsidising people’s lives. We obviously have a limited amount of money and our purpose is to improve the quality of life for the worst-off in society so they can play a part and hopefully pay tax one day themselves.’

What do you think? Let us know below!

Or – perhaps we should say – some people to be inspired by.

Here are some clever souls who – with a little help from their computers – decided to take their career prospects into their own hands and make it on their own. And they happened to do it rather well.  Heck, if they can do it, maybe you could to? (It would be nice to see even more English names on the list next time…)

Mark Zuckerberg

If by now you still don’t know who Mark Zuckerberg is then please refer to the picture for a pretty big hint. That’s right, he is the creator of the biggest social media website in the world: Facebook.

Anyone who has read Ben Mezrich’s book ‘The Accidental Billionaires’ about Zuckerberg’s rise to social media fame, or seen the book’s film adaptation ‘The Social Network’ will know that Zuckerberg created the social networking site whilst he was still studying at Harvard.

Now the site apparently rakes in £20 a second and has an estimated net worth of £500 million. All this without even graduating – Zuckberg ended up dropping out of his degree when Facebook took off – so just imagine what you could do with that added degree qualification in tow…

Blake Ross

When Blake Ross, a Miami teenager, was just 17-years-old he helped to create a free web browser that at the time was called Bill Gates’s worst nightmare.  The internet browser was a little one you may have heard of called Mozilla Firefox.

Now aged 22, the net worth of the Mozilla company (which Ross had been interning with when he and his friend David Hyatt began working on their small Firefox side project) is estimated to be around £75 million. Not bad for someone who hadn’t even left school yet.

Catherine Cook

When Catherine was 15 years old she founded MyYearbook.com with her brother David Cook then 16.

The site – an online version of the traditional American yearbook – now has over 16 million members and is the third biggest social networking site in the States behind MySpace and Facebook. Through the site Cook became a millionaire at 18, though not without a lot of hard work – she says she often clocks up to 60 hours a week around school hours (she’s now studying at University). Still, it shows that a bit of overtime can really pay off sometimes.

Kulveer and Harjeet Taggar

Oxford university graduates Kulveer and Harjeet Tagger became millionaires after selling their booming internet company, Auctomatic, less than a year after its launch.

The cousins, who started their online auction management company whilst they were still undergraduates, had many toils before their triumph – with the pair almost running out of money before their big break. “We survived on ramen noodles for lunch and dinner,” said Harjeet to the Times. “We didn’t even buy any furniture for the apartment that we were working out of, just desks. We had foam mattresses on the floor. We would work until we needed to sleep and then get up and start all over again.”

But the students persisted with their project and were rewarded in 2008 when Canadian web firm Current Media bought the site for an impressive £2.5 million, making it a job very well done.

Adam Hildreth

Adam Hildreth from Leeds, West Yorkshire, was ambitious from a young age. He was only 14 when he started his first business, Dubit Limited with seven other friends.

The company, a website that consulted on marketing to the teenage market, grew to become the most visited teen website in the UK. Hildreth then went on six years later to launch his second business, Crisp Thinking, an anti-grooming software which develops online child protection technology. Over the years he has been featured in the Guinness Book of Records, won numerous young achiever awards, and now directs companies with an estimated net worth of £25 million.

Juliette Brindak

Starting young – really young – often seems to be the key. Juliette Brindak, now 20-years-old and studying at Washington University, was just 10 when she came up with her multi-million dollar making idea. It came from a few drawings doodled on a trip home, a bit of encouragement from her graphic designer mum, and some enthusiasm from her peers to get her site, MissOandFriends.com up, running and making profit.

The successful website, aimed towards ‘tween’ girls, offers the chance for young girls to play, create, learn, exchange ideas, compare experiences and get published in an environment away from every day peer pressure. The company has an estimated net worth of $15 million, and a recent survey said it was beating the likes of Barbie, Hello Kitty and Girl Scouts.

After weeks of economic cut doom and gloom (you can see our report on how the Chancellor’s cuts will affect graduates here) the most current graduate forecast isn’t (surprise, surprise) looking any brighter.  The Telegraph today reported that the number of graduates going from degree to dole has hit 8.9%, equalling a total of 21,020 unemployed graduates.

The report, based on official figures obtained by the Higher Education Careers Service (Hecsu), found graduate unemployment has now reached a 17-year high, up from 7.9% in 2008, and 5.5 % the year before.

It further revealed that IT and media degree holders were the worst hit in terms of finding work, with those entering construction and engineering also struggling, particularly within architecture and building.

And in what seems a final twist of the ‘recession knife’, the public sector was shown to be one of the few areas still recruiting through the economic crisis – a small ray of light expected to be considerably darkened when the recent spending reviews prediction of  490,000 public sector job cuts starts to kick in.

But even as the extent of the challenges today’s graduates face when it comes to employment is further heightened, it’s important to retain a strong head. The job market is tough for everyone right now, and rejection shouldn’t be taken personally. Instead, time needs to be used productively, and graduates need to ensure that rather than giving up, they put that extra energy into snapping up that ideal job as soon as it becomes available (things are expected to improve for graduate prospects in the new year).

Check out Friends Provident’s ten great tips listed below to help graduates secure and keep a job (you can read the full article here) and keep checking our blog this week for more Inspiring Intern advice to help our graduates stop being an unemployment statistic and instead get started on their careers.

Friends Provident’s top ten tips to help graduates secure and keep that all important job are:

1. Career map – Map out all the possible ways that you could break into your chosen industry. There is always more than one way. For example if you can’t secure the role you want perhaps consider applying for an assistant / co-ordinator/ or PA role. Lots of companies promote internally and if you prove your ability you could eventually climb the career ladder and secure the role you want.
2. Be proactive – send CVs out to companies, get on their database – don’t wait for roles to be advertised. If you are on their database there’s every chance they will consider you before advertising a role publicly.
3. Networking – Use the people you know and the ones they know too. It’s amazing what you will find out / learn from people in all aspects of your life. Make good use of them- if you don’t ask, you don’t get! Remember digital delivers – Social media is not just for friends. Use your social network to look for work, and to share your experiences with other graduates.
4. Internships (foot in door) – Not only do they help you clarify your chosen career path, they also give you an invaluable opportunity to continue networking, the chance to build your communication and teamwork skills and help build confidence in the workplace.
5. Experience pays – Take every opportunity available to you, big or small. You learn from every experience, good or bad and never know what it could lead to. If you are struggling to get paid work consider working for free in the meantime in an area you want to get into. It is beneficial and will look good on your CV.
6. Business seminars – Go to business seminars and events – this helps you keep up to date with what is going on in your field and also helps with building your network.
7. Research – find out as much information about the business as possible before going for an interview so you have a better understanding of what the business is about and what it is looking to achieve. This will give you a better chance of responding well to questions.
8. Positive Mental Attitude – always work with integrity and respect for your colleagues, people are more likely to give you chances if they trust that you will do the right thing even if it is as simple as admitting if you have made a mistake.
9. An energetic approach – An energetic and enthused approach will help show how much you want a job. Say yes and be excited about the prospects of the job, even if it is not your dream role. Remember to have fun – you spend so much time at work, try to enjoy it – you will find if you are happy it rubs off on those around you and makes the office a more pleasant place for everyone.
10. Speak up – Your fresh ideas will be extremely valued by prospective employers so don’t be afraid to suggest new ways of working – even if you are just on work experience.

What is your opinion on graduate employment prospects? Got any extra tips you want to add? Let us know now!

If you’ve been living in a distant galactic bubble for the last couple of years then you still might not have heard the news – we are currently suffering from a severe global economic downturn.

Yet it seems that as well as all the obvious effects occurring; national cuts, increased unemployment rate, higher numbers of university applicants etc, there have also been a few less expected outcomes, like the increase of older people seeking internships.

A survey conducted last month by CareerBuilder.com discovered that the struggling job market has sparked a surge of older people in the US applying for internships as a way to re-enter the employment sector.

The website, which surveyed more than 2,500 hiring managers across America, found that 23 percent of employers are receiving applications from people who either have more than 10 years of experience, or are aged 50 years and older.

“This economic downturn has really redefined what an internship is” said Mike Erwin, senior career advisor for CareerBuilder. “(People) need to make sure that they’re filling in the gaps while being unemployed, so they’re going ahead and taking these internships whether they’re paid or unpaid so they can get more experience, and hopefully land a full-time job.”

Traditionally, internships have been seen as a way for young people to get work experience on their CV. However, as the recession continues to kick in, and more and more graduates struggle to get the jobs that so many other more qualified individuals are also applying for, internships have taken on a much more important role. They are becoming that vital stepping stone between university and permanent employment.

However, the new statistics could mean that such graduates have an even greater fight on their hands as they find themselves competing against experienced people not only for pre-entry jobs – but also for internships.

Furthermore, the websites findings showed that many companies were just as keen to hire the older applicants as the more common younger ones;

“They know they’ve lost a lot of intellectual capital when they’ve had to lay people off,” Erwin explained. “So you’re going to find they’re going to bring back mature and experienced workers for internships as well as entry-level and college students who are going to bring a whole new feel to the job.”

Although this internship redefinition has only been reported in the States as yet, it leads to wonder how long it will take until economic desperation leads to a similar fad this side of the water.

And what would happen then? Will graduates need to do work experience to be able to get an internship to be able to get a job? Where will it end? Let us know your thoughts now!