Another day in the office… The PM’s office…


Blogs, Election, General, My WEXO Experience, Politics — Tags: , , , , , , , , , , , , , , , — admin @ 6:49 pm on April 27, 2011  

I was most appreciative to have been invited in to No. 10 today to air WEXO’s views on youth unemployment…


1) What it’s like going to No. 10?
2) What was discussed?
3) What can be acheived?

1. WHAT’S IT LIKE GOING TO NO. 10?

If truth be told, I was a little apprehensive (a fair reminder of how many of you feel, when invited in for interviews). On arrival at Westminster, I manoeuvred my way through a throng of people alongside the Cenotaph and crisply announced that I was ‘here for a meeting at No. 10′. My credentials and bags checked, I strode on down Downing Street half expecting to bump into David (PM’s Question Time and a defence of GDP growth beckoned) or at least Nick Robinson (presumably contemplating whether Obama was born in America) but calm was all around.

Not sure what the protocol was, I rang the bell alongside the door which was instantly opened by an official looking gentleman who asked me to leave my phone in one of the cubby holes (Slot ‘007′ was inauspiciously unoccupied but I plumped for it). I then obligingly took a seat below a long and winding staircase which conjured up visions of an seemingly ‘home-alone’ PM/Hugh Grant dancing down it.

2. WHAT WAS DISCUSSED?

My host, an assertive yet accommodating senior policy adviser with a testing mandate (Education, Welfare and Pensions), shortly emerged and there followed a concise yet considered exchange of views which hinged on ‘supply versus demand’, budgetary pressures and the role of government. Youth unemployment it seems is shortly to be moved up the agenda and it was encouraging that players like ourselves were to be consulted in plotting its demise.

One of the key concerns seemed not to be the apparent difference of opinion between DC and NC on access to work experience (understandably – I believe the two can be aligned: sharp elbows are fine so long as everyone knows where the starting line is); rather it was the current reluctance of companies to back ‘first timers’ in lieu of ‘tried and tested’ recruits. Youth unemployment is hovering around the 1m mark. We reflected on how depressing this was when recent figures suggest that graduates (at least) offer a 500% Return On Investment (ROI) over 3 years – adding over £1Bn of value to the UK economy last year.

On the disclosure that we had previously tried to form an ‘Internships Alliance’, it was inferred that if we wanted to assemble some of the key players in this space, government advisers and representatives from BIS would be happy to invite us in to consider our suggestions. This I see as the ‘Big Society’ in action. I sensed that although the government does not see merit in state intervention, it could see value in working WITH select partners in the public and private sector to INSPIRE and INCENTIVISE (corporate) society at large to effect change (investing in an otherwise ‘lost generation’). It does not want to be seen as a ‘bully pulpit’ but it does perhaps acknowledge that it is best placed to showcase good practice and then ‘spread the word’?

Otherwise, the key issues that we touched on were:

* NETWORKING v NEPOTISM: WEXO doesn’t believe there’s anything wrong with using your network to get a job / work experience (it’s a useful skill for the working world) so long as other people are presented with the means to be considered too (and the opportunity goes to the most suitable candidate based on merit). Our technology encourages this by ranking and matching candidates to opportunities.

* SMEs: Many large companies already offer structured work experience and internship programs, but we believe the government should focus on enthusing / incentivising small and medium-sized businesses to take young people on (we have historically suggested recouping costs from VAT hike?). It is these SMEs that represent the backbone of the British economy (60% of GDP?) and which we (and other potential Internships Alliance lobby members) particularly represent. WEXO offers companies a platform to promote opportunities democratically and low maintenance cost, efficient schemes (via STEP and endorsed by Boris Johnson) to pay interns fairly.

* WORK EXPERIENCE V INTERNSHIPS: There is a clear distinction between ‘work experience’ and ‘internships‘ and this is critical in the ‘unpaid’ debate. We encourage companies to offer work experience (unpaid but preferably with expenses covered) for periods of up to 2 weeks. Thereafter (when the value generated exceeds that which is which is earned), we suggest companies offer paid internships for anything up to 3 months. For us, this is more a moral issue than a legal one (Blog here). After 3 months we suggest companies either offer people a job or let them get on with their job search. Otherwise they get stuck in the ‘internship trap’. Although WEXO is clear that work experience, apprenticeships and internships are totally different entities (based on duration, who applies, and remuneration or who derives value), the public at large might not be and so consideration needs to be given to this. Furthermore, we see the need for clarity on interns being entitled to National Minimum Wage, apprentices being entitled to £2.50 an hour and job seekers being allowed to do work experience for up to 2 months on JSA (Job Seekers Allowance).

* CAREERS ADVICE: Against a backdrop of record youth unemployment, a recent Ofsted survey suggested that one in three schools are failing to give good advice to students about future career prospects. A report by Deloitte said that 95% of young people want employers to be more involved in providing guidance about careers citing that they feel ‘bewildered’ and ‘uninformed’ by the career choices on offer. We would encourage government to back inspirational careers guidance to the like of the ‘How I Made It in…’ Events involving executives from the front line of their industries as featured on WEXO tv.

* FUNDING: As per our blog at the time, in the budget, George Osborne committed to investing in 4 times as many 8 week work experience placements as previously for 18-21 year olds. The scheme, administered by Job Centre Plus allows those doing so to collect JSA (Job Searchers Allowance). It’s a reasonably well conceived initiative but it doesn’t address the issue of finding rewarding work experience. “As George pointed out, the problem is that only 1 in 10 companies in the UK offer work experience as opposed to 1 in 4 in Germany. If George wants to see a return on his recent investment he needs to address both sides of the equation”. So funding for this and the £180m ‘Apprenticeships’ packages should address supply of opportunities as well as demand.

3) WHAT CAN BE ACHIEVED?

With the above in mind, WEXO is excited about the prospect of working with the powers-that-be to help educate companies and incentivise them to recruit and invest in young people who are better informed.

* PROBABLE OUTCOME: At the very least, we feel sure that the government will honour its offer to listen to, acknowledge and where possible, address, the consensus suggestions of the key players in this space. We trust that this will not be a repeat of the unfulfilled promises of 3 years ago when we met the Panel for Fair Access to the Professions and offered to help with The Graduate Talent Pool.

* POSSIBLE OUTCOME: Even if say just SMEs (and especially ‘STEM’ [Science, Technology Engineering and Maths] companies – the future?) could recoup the costs of one 3 month internship each from VAT at National Minimum Wage (~£220 a week), it would help them show commitment to the managers of tomorrow? Instead of giving £15m worth of funding directly to the Higher Education Authorities – HEFCE (which was largely left unspent?) – we would suggest that the government ‘atones’ itself for the recent tuition fee hikes (which we actually support) and invests some of the proceeds in subsidies that public-private sector partnerships (including HEFCE) can promote to companies that are desperate to take on young people. Perhaps funding could come from the new £50m ‘Growth and Innovation Fund’? We believe that given the ROI generated by graduates any such initiative would be cost-neutral at worst.

* PREFERRED OUTCOME: WEXO was recently a member of two syndicates that spent a considerable amount of time, money and energy submitting tenders (and being shortlisted) for grants to supply work experience and Internships across London. With the funding then being clawed back from the LDA, the projects were subsequently abandoned. We acknowledge that the government would rather let the market decide who the winners are (and we are happy to operate on this basis) but what IF this government decided that it would like to back responsible corporate and social enterprises (as well as banks) and actually INVEST in the next generation through performance related, service provision grants to the like of the ones discussed above? A little could go a long way to get the motor running and generating decent GDP growth.

My thanks for the opportunity.

Robin Kennedy. Co-Founder, WEXO

My WEXO Experience: Interning at Skimlinks


Blogs, Guest blogger, My WEXO Experience — Tags: , , , , , , , — admin @ 6:32 pm on February 2, 2011  

My internship with Skimlinks was my first taste of paid work experience. Every day at Skimlinks represented a new learning curve, all in the company of a very friendly team. When I first started, my colleagues were always willing to help me out and were open to answering all my questions. The company has a very open culture and everything (good or bad news) is shared with the employees. One of the best parts about working here is that the founders of the company are easily approachable.

In particular, I’ve loved coming into work on Fridays. On Fridays, Spotify cranks out great music all morning and then in the evening we all typically all go for a round of drinks at a nearby pub. The company is very conveniently located at Old Street, one of the best London locations for clubbing or going to a pub after work. The Skimlinks Christmas party was an experience in itself! Interns are also welcomed with a social evening of chats and drinks, which makes for a truly great experience.

I didn’t even notice how fast the time flew by and I’m nearly at the end of my internship. As a small company, the work environment is exciting but also quite relaxed; it feels very different to that of a big company. The work ethic at Skimlinks is strong, but of course there’s an element of fun to what we do.

WEXO does a great job arranging these kinds of internships. And, yes, thanks to the STEP program the internship allowance comes tax free! No complaints here.

Sourav Kumar

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


General, Guest blogger, Newsflash, WEXO Event — Tags: , , , , , , , , , , , , , , , , , , , , , , , , , — admin @ 11:07 am on July 14, 2010  

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


General — Tags: , , , , , , , , , , , — admin @ 2:08 pm on February 17, 2010  

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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…


General — Tags: , , , , , , , , , , , , , , , , , , — robin @ 5:20 pm on December 30, 2009  



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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  


Labyrinth background with people silhouettes

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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