Young people aspire to lead a business, according to report

Young people aspire to become the boss of a company but lack confidence in their job prospects, according to a recent report by the Chartered Management Institute (CMI) and EY Foundation.

The report found that 33 per cent of people from lower socio-economic groups are more likely to have lower confidence when it comes to finding a local job, compared to 25 per cent of their peers.

Ambition

Over 50 per cent of young people feel that it is difficult to get the experience they need for their ideal job role. Over 60 per cent said that their ambition is to become the leader of a team.

The report, which surveyed 1,510 16 to 21-year-olds in the UK, also found that 40 per cent of 16 to 21-year-olds want to become the boss of a company. 37 per cent have a desire to start their own business.

Young people also have a lack of awareness of job opportunities locally, which means that many have to search for challenging job roles further away.

Confidence

CMI Chief Executive, Ann Francke, is now calling for educators and employers to help develop the practical skills of the next generations so that they gain confidence at a younger age.

“If we are to succeed in creating regional powerhouses outside London then we must have home-grown leaders. Making management and leadership skills part of the school curriculum will help bridge the gap between employers and the next generation of workers,” she said.