A week in the life: The Prince, the politician and the people



It’s been a while since I stuck my oar in on the blogging front but I wanted to share with you my comings and goings with WEXO over the last week or so.

Last Saturday, WEXO were one of the Exhibitors at The Sunday Times Festival of Education at my old school, Wellington College. This was a unique event with presenters ranging from OW Rory Bremner to Michael Gove MP, Lord Baker to Germaine Greer and the Duchess of Kent to my old economics teacher John McArthur (now at ISCO). I counted 84 speakers in total who waxed lyrical on everything from dyslexia to addiction, the disadvantages of exams (too late) and British schools preparing a world class workforce. I was busy preaching the WEXO word and getting people to guess how many sweets were in the jar (217 – well done Mark Little on 210 – your £50 M&S voucher is on its way) but I did make it to the last of these talks. John Morewood, Graduate Recruitment Manager of HSBC (my old shop), Hugh Husband (McKinseys), Sir Anthony Cleaver (nice red socks) et al discussed how poor numeracy and literacy are from applicants (please at least use spell check for starters). The audience then quizzed the panel about children not knowing what to study for specific vocations (we have just started working with www.u-xplore.com to this very end). At the end, it was particularly interesting to hear the Secretary of State for Education talk about his new ambitions including a return to traditional A-levels with exams at the end of 2 years. Bizarrely, his patter sounded more socialist than capitalist and I was particularly impressed with his ability to take 6 questions in a row and then address each in turn with no more than a glass of water in his hands. There seems to be a common view (which I subscribe to) that teachers need to be better trained and supported; and that this country needs to focus more on Science, Engineering, Maths & Technology.

On Monday, WEXO were honoured to be invited to a Gala Dinner at the Royal Albert Hall to celebrate The Prince of Wales’s 25th Year as President of Business in the Community (BITC). HRH, Sir Stuart Rose, Philip Green and Stephen Howard were there to present the prizes and Stephen Fry compèred. It was uplifting to hear such homage paid to HRH. It even made me wonder whether Price Charles was in fact a force for good?! It was a shame that Sir Stuart’s Work Inspiration initiative, which WEXO wholeheartedly supports, (and as a business you can too here) was not referenced; but it was encouraging to see SMEs recognised in The Small Company of the Year Award which went to the wool company Herdy. Was it their lamb that was so delectably rustled up with the buttered spring greens and warm rosemary vinaigrette (washed down with lashings of Rothschild Viognier Vin de Pays)?

After three days of hard labour, on Wednesday evening I was due a break and got invited to go and play tennis at Buckingham Palace (pathetically childish excitement ensued). A great friend works for the royal family (now there’s a WEXO blog we’d like to read) and had been asked if she’d like to use the tennis court. The gardens at ‘BP’ are lush and beautiful and HRH has one of the biggest flower pots known to man. Sadly the only Queen in residence was of the Apoidea variety.

Robin Kennedy
Co-Founder & CEO
WEXO

P.S. As per a recent Press Release, WEXO is campaigning to let SMEs recoup the costs of a 3 month paid internship from forthcoming VAT hike. To register your support, please comment below.

Big yourself up in the face of adversity



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The last few weeks have seen a lot of news items talking about things
getting ‘lost’ especially the ‘lost generation’:



According to the Guardian:
1 in 3 university places could be lost


Then there was the Prince’s Trust report talking about Losttalent costing the state £3.5m
each day in Job Seekers Allowance


On Monday The Times talked about ‘lost’ opportunity as companies auction off work experience for up to £3,700


BUT we don’t think Britain is lost yet. The UK’s most important UK corporate index, the FTSE 100 is up over 40% from its lows, sterling has defied expectation and rallied in recent months (largely at the expense of the Euro) and with the possibility of fresh leadership come the Summer we’re expecting the usual bust:boom transition to snap in to place soon. Barclays announced record profits and record tax revenue for UK Plc yesterday suggesting that we might see change sooner rather than later. Even more encouragingly, this morning’’s UK unemployment statistics showed an unexpected fall…



Amidst all this, we were pleased to have our efforts recognised here in the Financial Times last week. We are very proud to be able to offer companies across the UK tax efficient ways (and occasionally subsidies) to take on graduates on tax free employment schemes (Get more details here). We are now also putting the wheels in motion to lobby the government to incentivise small companies to take on more graduates. AGR research has demonstrated that graduates contribute around £1 billion a year of added value to the UK economy. The University of Lancaster have produced research suggesting that after three years, every £1 spent through
graduate recruitment schemes yields a return of £5.30.


From our travels to Cardiff University last week, we know there is clearly a lot of graduate talent about. But we know life is difficult at the moment. And while job rejections may not be any easier to stomach remember the words of Winston Churchill: “Success is the ability to go from one failure to another with no loss of enthusiasm”. Keep priming up those WEXO profiles and we’ will do what we can to big up your CV

Criticism where criticism is due…





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It’s much easier to be reactive than revolutionary and critiques by definition tend to be more critical than complementary. And so it seems today with the reviews of a new government guide – Parent Motivators: A parent’s guide to helping graduates find work.

It effectively encourages parents to show ‘tough love’ towards their graduate offspring and the most rational review I have read was by Graeme Paton in yesterday’s Telegraph but today the Telegraph are on the attack via Philip Johnstone. It is a very well written article. (I myself am spending the next few days working from home and oddly my mother seems to agree with its sentiment!). Johnstone is clearly well read (and as per a previous blog I agree with him on higher education policy) but surely the report is merely a guide – not a directive – and I suspect that some parents outside of the home counties (and even some within judging by my experiences) might find it useful.

I also stumbled upon the ‘Dude Where’s My Career ‘ (DWMC) blog response which is very amusing but like today’s Telegraph article it assumes that Peter Mandelson wrote it and that he should be concentrating on other things and wasting less money (NB: I am no fan of the government but let’s not forget that neither the Tories nor Mandy have ruled out working together when Labour are evicted from power on 25th March).

I confess, I haven’t read the report cover to cover and it might seem a little patronising but it was written by Denise Taylor (Award winning career coach and author of ‘How to get a job in a recession’) and not Mandy (though his Business Innovation and Skills department did produce it). Denise’s credentials as a chartered psychologist and MBA are substantiated by her experiences working with organisations ranging from Vodafone to Christian Aid. All this and from her Tweets (@amazingpeople), it would appear that she even reads NME so she can’t be all bad. In fact she’s probably better qualified than most to write such a guide and I suspect that BIS are merely endorsing it and giving her a platform.

The glaring omission from the report itself was obviously not to mention WEXO in the Useful links section. Joking apart though, the government’s shortcomings are better demonstrated by their failure to research and support private sector initiative and their tendency to try to do things (badly) themselves. We are actively promoting their BIS and LDA programmes to subsidise companies taking on interns and promote paid graduate endeavour (email info@wexo.co.uk for more details). But their own vehicle for promoting it probably cost the tax payer unnecessarily. As DWMC says “First up, we had the much-slated Graduate Talent Pool (“Wow, a load of unpaid internships – that’ll help pay off my £15k of debt…”). This is the very vehicle that could simply have combined private sector initiatives and reduced graduate unemployment with the investment allocated to incentivising companies to open their doors and remunerate them.


Robin Kennedy

It’s my work, he’d say, and I do it for pay…


General — Tags: , , , , , , , , — robin @ 1:41 pm on December 1, 2009  


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There’s been a bit of debate recently on BBC etc on ‘Intern Abuse’. The discussion seems to focus on a) Job-hunting university leavers being warned against paying for services to help get them internships and b) Companies not paying their interns.

The BBC didn’t get round to publishing our feedback so here it is:

We operate on the basis of a ‘Freemium’ model where users can create profiles and search for opportunities for FREE but pay a one-off £10 membership fee which gives them a number of membership benefits (discounts, access to events etc) as well as the ability to identify the names of companies and make applications. In our view this does not constitute anything more than a very reasonable admin fee. Without some form of hurdle like this, companies would be inundated with speculative applications – one of the issues we seek to address. As it is, we find that there is a correlation between the quality (or relevance) of profiles/applications and those that are prepared to pay to join the network.

With advertising rates low, we have had to find ways to make our business model work – we are not yet profitable! To increase supply, companies can post opportunities for free on WEXO but pay us to help them find the right people.

With regard to unpaid internships, we encourage our companies to pay their graduate interns at least the national minimum wage (as legally required and as we have done ourselves) but we do not enforce it. This is a grey area though. I understand that a lot of the internships available on the Graduate Talent Pool are unpaid and that there are unpaid interns at both the BBC and in parliament! Exploitation is wrong but ultimately I would argue that market economics should dictate and if someone wants to work for free to gain valuable experience then they should be allowed to. We are however lobbying the government to subsidise paid internships to encourage companies to offer them.



Robin Kennedy


Graduate Talent Pool


General — Tags: , — robin @ 1:42 pm on May 7, 2009  

After digging around for details on the government’s ‘Graduate Talent Pool’ initiative which will be going live to graduates in September, we spoke to the programme manager this morning.  He said that the government promotion of this scheme will be particularly geared towards educating companies to the benefits of internships and that they will be working with existing private sector initiatives like ours.

 

In light of the current economic situation and the graduation of this year’s students into one of history’s toughest job markets, it is encouraging to see the Government helping graduates to gain skills and open doors to companies with their Graduate Talent Pool initiative.

 

While many large companies already offer structured internship schemes, work placement programs need to be promoted within small and medium-sized businesses. It is these SMEs that represent the backbone of the British economy.  They are in the greatest need of talented and skilled students but lack the resources to proactively recruit them.

 

We need to ensure that we continue to invest in these students’ futures by training up the next generation of professionals!

 

The Graduate Talent Pool goes live later in the year, but don’t forget that for students graduating this summer and for those of you currently looking for work, there are already a number of resources available online and offline to help you pursue your chosen career.

 

- Robin Kennedy, WEXO CEO

 

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