Reacting to the publication, today, of the latest UK employment figures, which have seen employment levels reach a record high, Bernard Brown, Partner and Head of Business Services at KPMG, says:
"It's good news that unemployment is down overall, but the question remains about what will happen to the younger generation. Right now the economic situation makes it easy to argue that organisations need experience to pull them through, but this is a short-sighted view. Even with the figures showing that the number of unemployed 16-24 year olds has fallen by 62,000, there are still too many young unemployed people, with plenty to offer employers.
"Today's workforce will not be around forever and unless businesses across the country put plans and people in place to share expertise and experience, they will find themselves bereft of the skills which can make them competitive. It's well known that organisations benefit from a blend of youth and experience. Employers will do well to remember this or risk an uncertain future for individuals and organisations, alike."
Ends
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Mike Petrook, KPMG Press Office
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Notes to Editors:
About KPMG
KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with over 11,000 partners and staff. The UK firm recorded a turnover of £1.7 billion in the year ended September 2011. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 152 countries and have 145,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. KPMG International provides no client services.
