Extra funding means more support, including advice workshops, for SMEs and micro businesses to develop strategies for young people
Investors in Young People (IIYP) is set to benefit from a further £200,000 of funding this year to help more SMEs and micro businesses develop strategies for employing young people.
The initiative, which was launched by Investors in People Scotland (IIPS) in 2014 in response to the Commission for Developing Scotland’s Young Workforce, will be further supported by the Scottish Government, Employability and Training Minister Jame Hepburn announced yesterday (Tuesday, 13 September).
The funding has been allocated towards first time assessments and advice workshops for micro (2-24 employees) and SME (25-249 employees) organisations to help them develop strategies for young people.
Peter Russian, chief executive at IIPS, said: “Recruiting and developing young people is vital in creating a more dynamic and productive workforce. Proactively engaging with younger employees can help tackle issues such as an ageing workforce, skills gaps and shortages, talent development, succession planning and customer insight.
“IIYP focuses on three key elements of youth employment – attraction and recruitment, support and development and retention. This funding will enable us to reach and support as many organisations as possible to develop their young workforce and add significant benefits to their business.
Hepburn said: “The Scottish Government has genuine confidence in the positive role that young people play in supporting economic growth. We firmly believe that they are a crucial part of Scotland’s future prosperity.
“I am delighted to announce that Scottish Government will continue to support the implementation of the Investors in Young People accolade for employers, with funding of £200,000 for 2016/17.”
IIYP is designed to help employers meet their business goals by harnessing the creativity and skills of young people.
Since its launch in 2014, it has supported more than 450 companies in employing young people.
In a recent survey by IIYP*, 93% of respondents reported a positive or very positive impact in using IIYP. It was also found that 96% of respondents felt IIYP accreditation recognised them as an employer who is effective in their approach to recruiting, retaining and developing young people.
Furthermore, 82% found that the IIYP framework provided them with a clear link between the needs of the organisation and the recruitment and development of young people. 78% also found that the IIYP framework provided them with the advice and guidance they need to recruit, retain and develop young people.
To find out more about how IIPS and IIYP can help your business, visit the website.