The National Skills Academy for Financial Services (NSAFS) is urging financial services companies to recruit school leavers as the UK Government looks to plug a skills gap by raising funding levels.
Firms should take advantage of increased funding for young apprenticeships and target the younger generation of school leavers finishing 'A' levels or equivalent courses, says the NSAFS.
"It is a difficult time for many employers and while many companies are still not in a position to hire, those that are recruiting would be advantaged by understanding the funding options open to them for young people as this knowledge could pay dividends, whether they are a large or small business," says NSAFS CEO Sylvia Perrins.
The charity says it can provide advice on funding options and help firms looking to tap up the new crop of financial service workers.
The move follows the launch of a government initiative designed to tackle what it sees as a shortage of skills in the UK by providing more apprenticeships to younger people.
Investing in Young People will provide £8.5bn in funding during 2010-11 to 16-19 year olds. An additional 21,000 apprenticeship places are being made available.
Perrins thinks the shift in funding emphasis provides an opportunity for financial service companies.
"Owing to the way the funding system works, it is important for companies to stake their claim, by actively seeking these opportunities," she says. "NSAFS can help employers who are planning to recruit in the coming months, providing support to tap into apprenticeship opportunities and other skills solutions."
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