The Week in Retail 64

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Tesco to help 45,000 young people ‘jumpstart their career’ Tesco aims to help target ‘outlook inequality’ by committing to helping over 45,000 young people “jumpstart their career and build employability skills”.

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Tesco is committing to helping 45,000 young people give their career a jumpstart over the next year as part of a drive to tackle ‘outlook inequality’.

30% said they expect to ‘end up in a dead-end job’ and that ‘people like me don’t succeed’. This figure rose to 43% amongst those from lower income families. Some 44% said they thought few or none of their life goals were achievable, again rising sharply to 61% among those from less affluent backgrounds. One third of young people (34%) do not feel equipped to compete in the job market, rising to more than half (52%) among those from less affluent backgrounds. Finally, young people from lower income families were twice as likely to not feel optimistic about the future (33%) and that they were discouraged by setbacks (47%).

WHICH IS? A new report has found that post-pandemic young people nationwide have lowered their ambitions, particularly those from lower income families. ‘Outlook inequality’ is leading them to be less optimistic, less ambitious and feel less equipped to compete in the job market.

WHO DID THE REPORT? A think tank called The Social Market Foundation. The research and the subsequent report was supported by Tesco. It canvassed over 1,000 16-25 year olds up and down the country and found that while 60% feel optimistic for the future, a significant number feel increasingly pessimistic. Overall, young people are less optimistic now than after the great recession of 2008/09. Half say they have lowered their ambitions since the pandemic, and this rises sharply among those from lower income families.

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SO WHAT’S TESCO DOING ABOUT IT? Committing to helping over 45,000 young people build employability skills and jumpstart their careers in the next year, whatever their background. Tesco will provide a range of potential opportunities to these young people through: Continued participation in the

Government Kickstart scheme and offering work placements as part of our Movement to Work collaboration Thousands of permanent roles

for young people across the Tesco business Offering degree apprenticeships,

graduate roles, and a Business Diversity Internship Pre-employment and outreach

in partnership with The Careers Enterprise Company, Speakers for Schools and IGD

ANYTHING ELSE? The supermarket is also extending its partnership with youth charity The Prince’s Trust for a further five years with the ambition to reach 200,000 young people most in need. The partnership aims to provide confidence building and skills development programmes in hundreds of schools across the UK, including resources to support mental health and wellbeing.

WHAT’S THAT MEAN IN THE REAL WORLD? Tesco’s commitment to create opportunities for over 45,000 young people includes new hires (on average


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