The coronavirus pandemic has reportedly had the biggest impact on young people, especially those from a deprived background, as their education and job prospects have been largely affected.
Under 25s have been named ‘Generation Covid’ due to cuts to their earnings, education and job prospects, leading to fears for the long-term impact on the futures.
BBC Panorama found that people aged 16-to-25 were more than twice as likely as older workers to have lost their job, while six in 10 saw their earnings fall.
Jonathan Smith, chief executive at logistics firm APC Overnight told HR magazine:
“Whilst this year has understandably proved challenging for many, it’s critical that wherever possible, businesses consider the longer-term opportunities they can make available.
“Recruiting young people is key not just to businesses, but also to communities; without employment opportunities the young can’t contribute to their local areas and are ultimately forced to go elsewhere for employment.
“This could create real problems for future recruitment and talent acquisition,” said Smith.
Panorama’s research also highlighted the impact that school closures have had on young people, and how students from poorer backgrounds have received far less education than those from more privileged families.