What's The 5% Club?
The 5% Club is focused on creating momentum behind the recruitment of apprentices and graduates into the workforce. Its members consist of large and small employers from a wide range of sectors who want to make a difference and support the UK’s ability to compete in increasingly tough global markets.
Member benefits include:
- Membership of The 5% Club
- Opportunity to showcase corporate responsibility and values commitment through investment in skills/training and employment
- Strategic approval to reprofile and build the workforce, balancing out the young with the experienced
- Association with peers and networking and best practice sharing opportunities with influential stakeholders
- Promotion of their brand on The 5% Club website together with case studies/profiles
- An opportunity to use The 5% Club logo on their own marketing materials both internally and externally
Members are asked to commit to:
- A public declaration to support the achievement of 5% of a company’s overall UK headcount being on a formalised apprentice, sponsored student and/or graduate programme and to simply report on their progress annually in a public document such as the Annual Report
- Companies are asked to commit to reaching the 5% target within a five year period
Our FAQs might answer any questions you have.
- 1. What is The 5% Club?
The 5% Club members strive to achieve 5% of their workforce consisting of apprentices, sponsored students and/or graduates on formalised training schemes within five years.
- 2. Who are its members and who can join?
Founding members are QinetiQ, Babcock International, the UK arm of global giant EADS, Atkins, MBDA and Renishaw. We also have supporters including the CBI and the Government and we are actively recruiting and encouraging new membership from public and private companies in the UK across a number of sectors.
- 3. Why has the Club been launched? And why now when businesses are struggling coming out of recession?
This is an industry-led campaign, with industry setting itself a target to reach 5% of its workforce consisting of apprentices, sponsored students and/or graduates within a 5 year time frame. We are establishing this metric as an indicator to be reported the Corporate Responsibility Section of their Annual Report and Accounts or equivalent.
As part of planning for economic growth as a country, we have to make sure we have the right pipeline of talent and skills to deliver. There’s lots of good work being undertaken: through the Apprenticeship Ambassadors Network and work undertaken by the Royal Academy of Engineering, for example, but this is a commitment by industry – which ultimately creates the jobs – giving them an opportunity to play a specific part on the demand side.
- 4. What is the commitment required by employers?
This is an industry-led campaign, with industry setting itself a target to reach 5% of its UK workforce over the next five years to be graduates, apprentices or sponsored students, and report publicly on progress in their Annual Report or equivalent. As part of planning for economic growth as a country, we have to make sure we have the right pipeline of talent and skills to deliver.
- 5. How will progress be tracked?
By member companies reporting on their commitment in the Corporate Responsibility section of their Annual Report and Accounts or equivalent.
- 6. What does success look like for The Club?
Initially gaining support from a number of public or private companies in the UK, providing the right training platform for our young people to develop the skills and talents that are needed to improve companies operationally and efficiently and in the long term, improve economic prosperity.
- 7. What are the entry requirements for employers joining up?
There are no entry qualifications just a commitment to give this area focus and drive and to commit to reporting publicly on an annual basis.
- 8. How will this work with Government and other stakeholders in the field?
There’s lots of good work going on in this field led by Government and organisations such as the CBI and work undertaken by the Royal Academy of Engineering and others. But this is about a commitment by industry, which ultimately creates jobs, giving them an opportunity to play a specific part on the demand side.
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