25 November 2013: International law firm Pinsent Masons has become the first law firm to sign up to The 5% Club – the campaign calling on companies to adopt a new 5% employment target for graduates, apprentices and sponsored students on a formalised training scheme in their organisations.
The law firm, which employs more than 2500 people across 20 offices throughout Europe, Asia Pacific and the Middle East, is the latest major blue chip to join The 5% Club since its formation in October.
The 5% Club is calling on all public and private companies, including those in the FTSE350, to “Invest in a Generation” by joining the campaign. As a member Pinsent Masons will sign a charter aspiring to work towards 5% of their UK workforce being young people on structured training schemes over the next five years.
Founding members include QinetiQ, the defence and security company; Babcock International, the FTSE 100 support services group; the UK arm of global giant EADS; Atkins, the design, engineering and project management consultancy; MBDA, a leader in missiles and missile systems; and Renishaw, the engineering group. The campaign is also endorsed and supported by both the CBI and the department for Business, Innovation & Skills.
Jonathan Bond, Director of HR and Learning at Pinsent Masons, says:
“We have always had a commitment to recruiting and retaining the best talent in the market, from a variety of backgrounds, in order to develop the future leaders of the legal profession and respond to the current and anticipated needs of our clients. By joining The 5% Club we wanted to formalise that commitment and reinforce the importance we attach to giving young people a chance to develop fulfilling careers in legal and non-legal roles."
Leo Quinn, QinetiQ Group CEO and founding member of The 5% Club commented:
"Pinsent Masons joining The 5%Club shows the inclusive nature of this campaign and emphasises the need to address this important issue across a range of industries.
"We must continue to drive for the fullest possible participation in The 5% Club: - this is a vital UK-wide issue which must be addressed by all business leaders."
By becoming a member of The 5% Club, Pinsent Masons will publicly report progress on the 5% target on its website.
It is believed this is the first time companies in the UK will have made the commitment to measure and report their performance against such a target.
Companies wishing to sign up to The 5% Club or would like more information can visit www.5percentclub.org.uk or email email@example.com
Notes for Editors
The 5% Club is a campaign to get the UK’s public and private companies to commit to raising the number of apprentices, sponsored students and graduates on formal programmes to 5% of their total workforce within the next five years. The aim of the campaign is to tackle both the chronic skills shortage and youth unemployment in Britain and help the country remain at the forefront of innovation.
Among companies to sign up following the launch are Vision Express, Clark-Eriksson, Pimlico Plumbers, Tessella and Dale Power Solutions.
The 5% Club charter pledges members to:
Play a part in addressing youth employment and skills shortage issues
Pledge to work toward having a minimum 5% of their UK workforce enrolled on formalised apprentice, sponsored student and/or graduate development schemes within five years
Report publicly every year on the above as a CSR metric in its Annual Report and Accounts or equivalent
Be an ambassador of The 5% Club and encourage other businesses to participate in the campaign.
UK youth unemployment is currently 20%
350,000 graduates are coming onto the market each year
A quarter of engineering graduates do not go into an engineering or technical career
3 out of 5 firms are struggling to recruit workers with advanced technical skills they need
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