Jobs Growth from Startups Title
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The document discusses the growing skills gap between the skills needed by employers and the skills possessed by the current and future workforce. It notes that 100% of net new jobs in Europe in the past 5 years came from companies less than 5 years old, and that only 40% of the 1 billion young people entering the workforce in the next decade will find jobs that currently exist. It also provides statistics on the large number of science, engineering, and technology jobs expected to be needed that currently do not have enough qualified applicants. The document advocates for providing better labor market information and work experience opportunities to secondary students to help address this growing skills gap.
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Jobs Growth from Startups Title
- 2. 100 % Net New Jobs created in Europe in the past 5 years were from companies less than 5 years old….
- 3. Net New Jobs created in Europe in the past 5 years were from companies less than 5 years old…. How will the next generation answer the question ‘what will you do when you grow up when 40 % of the jobs that they will aspire to have not been created yet and 100% of the net jobs come from companies less than 5 years old…?
- 4. #scaleup “1 Billion young people will start work in the next decade only 40% in jobs that now exist” The Economist, 23 Jan 2016
- 5. 990,000 1,200,000 Nov 2014 Nov 2015 THE SKILLS GAP GETTING LARGER….
- 6. 1M Number of new science, engineering and tech professionals required in the UK (Royal Society 2014) 5.8M Number of people forecast to be needed in the app economy by 2018 (OECD) #scaleup THE SKILLS GAP IS SET TO GET LARGER….
- 7. THE SKILLS GAP IS SET TO GET LARGER…. #scaleup
- 8. I would be able to grow my company faster if applicants had the skills needed to meet my customer demand. 82% OF 163 SCALE-UPS AGREE 79% OF 442 CEOs AGREE
- 9. #scaleup
- 10. THE SKILLS GAP IS SET TO GET LARGER…. #scaleup
- 11. Empowering YOU https://www.founders4schools.org.uk WE HAVE A SOLUTION TO THIS PROBLEMWE HAVE A SOLUTION TO THIS PROBLEM
- 19. Every secondary school and college should have up-to-date, user-friendly labour market intelligence/information (LMI) readily accessible.
- 20. Every young Londoner should have completed at least 100 hours experience of the world of work, in some form, by the time they reach the age of 18
- 21. You can make that happen…..
- 22. WE can make that happen…..
- 24. WE can make that happen….. I’d like to see some generous donations Talk to me about sponsoring a school That you went to That your kids go to That you care about..... Sherry.coutu@founders4schools.org.uk
Editor's Notes
- how will the next generation answer the question ‘what will you do when you grow up when 40 % of the jobs that they will aspire to have not been created yet and 100% of the net jobs come from companies less than 5 years old…?
- OECD (2014) Young SMEs, growth and job creation. Retrieved from http://www.oecd.org/sti/young-SME-growth-and-job-creation.pdf Stangler, D. (March 2010), High Growth Firms and the Future of the American Economy. Retrieved from http://www.kauffman.org/~/media/kauffman_org/research%20reports%20and%20covers/2010/04/highgrowthfirmsstudy.pdf Recent reports from the US, EU and other leading economies have demonstrated that in aggregate young companies have been responsible for 100 per cent of net new job creation. The OEC D has conducted a detailed study across 18 countries analysing the link between the dynamic of business growth (as measured by employment) and economic growth. This found that companies which have been in existence more than five years, in aggregate, reduced employment every year between 2001 and 2011; whereas, companies which were less than five years old were, in aggregate, net job creators in each of these years.24 24 OECD (2014), The Dynamics of Employment Growth: New Evidence from 18 Countries. Retrieved from: http://www.oecd-ilibrary.org/ docserver/download/5jz417hj6hg6. pdf?expires=1408440163&id=id&a ccname=guest&checksum=67DB- 405D7A298298BF7C62BD- 82982CCE
- OECD (2014) Young SMEs, growth and job creation. Retrieved from http://www.oecd.org/sti/young-SME-growth-and-job-creation.pdf Stangler, D. (March 2010), High Growth Firms and the Future of the American Economy. Retrieved from http://www.kauffman.org/~/media/kauffman_org/research%20reports%20and%20covers/2010/04/highgrowthfirmsstudy.pdf Recent reports from the US, EU and other leading economies have demonstrated that in aggregate young companies have been responsible for 100 per cent of net new job creation. The OEC D has conducted a detailed study across 18 countries analysing the link between the dynamic of business growth (as measured by employment) and economic growth. This found that companies which have been in existence more than five years, in aggregate, reduced employment every year between 2001 and 2011; whereas, companies which were less than five years old were, in aggregate, net job creators in each of these years.24 24 OECD (2014), The Dynamics of Employment Growth: New Evidence from 18 Countries. Retrieved from: http://www.oecd-ilibrary.org/ docserver/download/5jz417hj6hg6. pdf?expires=1408440163&id=id&a ccname=guest&checksum=67DB- 405D7A298298BF7C62BD- 82982CCE
- Kauffman report reported that the average age of the 500 fastest growing companies in the US was 40. This is also the percentage of the US GDP that is generated by companies that did not exist 30 years ago…. And it is the approximate average age of the presenters here today….
- Kauffman report reported that the average age of the 500 fastest growing companies in the US was 40. This is also the percentage of the US GDP that is generated by companies that did not exist 30 years ago…. And it is the approximate average age of the presenters here today….
- https://www.everywoman.com/article/julie-deane-cambridge-satchel-company-shares-her-story-success