The 5% Club
 | |
| Company type | Non-profit organization |
|---|---|
| Founded | 2013 |
| Headquarters | London |
Key people | Leo Quinn, Founder |
| Website | www.5percentclub.org.uk |
The 5% Club is a movement of employers working to create a shared prosperity across the UK by campaigning for greater skills training, through ‘earn and learn’ job opportunities.
Members aim to achieve 5% of their workforce in 'earn and learn' positions (including apprentices, sponsored students and graduates on formalised training schemes) within five years of joining the club.
History
The 5% Club was founded by Leo Quinn in 2013.[1]
Its stated purpose is to address the high levels of youth unemployment and chronic skills shortage in today's society. Its secretariat is increasingly working with government to provide a bridge between the corporate and public sector, with Members of Parliament describing it as the 'gold standard' for businesses supporting skill development. The Confederation of British Industry (CBI) has also endorsed The 5% Club and upon its launch, publicly urged British industry to strive to commit to the 5% employment target.[2]
In 2018 The 5% Club gained charitable status.
Membership
As of May 2020 The 5% Club has nearly 500 members.[citation needed] They are UK companies wishing to invest in skills creation and employability. Members of The Club pledge to make at least 5% of its employees apprentices within a 5-year period following their adhesion.[3] Members are required to publish an annual report on their progress.[4]
References
- ^ "The 5% Club needs more support if it is to make a difference". Ft.com. Retrieved 2016-06-10.
- ^ "CBI backs training target campaign". Cbi.org.uk. 8 October 2008. Retrieved 2016-06-10.
- ^ Leo Quinn (8 November 2013). "The 5% Club of apprentices can build a better British economy". Telegraph.co.uk. Retrieved 2016-06-10.
- ^ Alan Tovey (1 January 2015). "5% Club hits 50 member milestone in its fight against youth unemployment". Telegraph.co.uk. Retrieved 2016-06-10.