Improve the place young people have on the labor market. The key proposal of the report on boosting employment is a new tax break (£1,500) for businesses hiring jobseekers aged 16-24. Currently, youth unemployment rate is at its highest in 17 years: one in five young is without a job. Hiring young people could become cheaper for the first year – a period during which they are not particularly productive, CBI says, since they are not used to the professional world – by giving employers their social security contributions back at the end of the first year and by freezing national minimum wage for this age group. Besides, the CBI suggests introducing training to upgrade the training of young people lacking in basic skills.
its highest in 17 years: one in five young is without a job. Hiring young people could become cheaper for the first year – a period during which they are not particularly productive, CBI says, since they are not used to the professional world – by giving employers their social security contributions back at the end of the first year and by freezing national minimum wage for this age group. Besides, the CBI suggests introducing training to upgrade the training of young people lacking in basic
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