Business

New research finds 76% of UK gig workers struggle to gain access basic financial products.

Rollee, a fintech start-up providing secure and consented access to income data, today reveals that over three quarters of UK gig workers surveyed struggle to gain approval from financial institutions to access financial products such as a loan or mortgage. The findings in The Hidden Cost of Gig Worker Living report from Rollee, also reveals that just over 7 in 10 (74%) UK gig workers have been denied access to basic financial products such as a loan, despite having a good credit score.

Of 1002 gig workers surveyed, over a half (60%) of gig workers have had to apply to three or more different lenders before receiving access to a credit card or loan. 10% were successful when applying to their first lender.

There are 4.4 million people working for gig economy platforms at least once a week in the UK today who contribute £20bn to the UK economy.

The hidden cost of gig worker living

The report highlights that the struggle to access financial products is having an impact on the lives of gig workers across the UK. In fact, over half (52%) of gig workers surveyed have lost out on a new home due to being declined by a bank or building society, despite knowing they have affordability.

Gig workers surveyed also expressed the struggles they experienced when accessing financial services such as loans, or credit cards. Almost a third (32%) say it has placed stress on them and their families. Others report it has caused them financial hardship (29%), has prevented them from accessing housing (20%) and impacted the opportunities available to them in life (29%).

Looking ahead, 80% of gig workers surveyed feel concerned that the current-economic climate will impact their ability to be approved for a loan and to help with the cost of living throughout winter and the Christmas period, 25% will apply for a loan over the next couple of months.

A reliable source

It’s important to note that the survey was commissioned by Rollee and conducted by Opinion Matters, among a sample of 1002 gig workers in the UK working in at least 1 self-employed job, or platform job. Fieldwork was carried out between 7th November – 14th November 2022. Opinion Matters abides by and employs members of the Market Research Society which is based on the ESOMAR principles.

When a sector is pulling in and creating vast amounts of income, there seems to be no justifiable words to describe the reasoning behind the financial power houses’ decisions.

Ali Hamriti, CEO and Co-founder at Rollee commented:

‘This research reveals the level of financial exclusion gig workers are facing. The struggle gig workers experience is not because they can’t afford a loan or mortgage, but because the current credit scoring systems of financial institutions are not set up to verify their multiple records of income and employment data. And with financial institutions under increasing pressure this results in workers being denied access to products they should be entitled to.

‘Self-employed workers need a fair chance to be able to prove their solvency to financial institutions. As the number of independent workers continues to rise, it is vital that financial organisations find new ways to gain full visibility of self-employed workers’ employment data to assess them fairly, and ensure they are not excluded from financial products just because of their working status.’

Rollee helps financial institutions to make fair and accurate decisions when applying for financial services. In the UK, Rollee is working with lenders, insurances, accountants and PCO fleet managers to provide them with a gateway to gain easy, reliable and fast access to income and employment data.

*Respondents who have applied for financial products since being a gig worker

Read more:
UK gig workers face financial exclusion when accessing loans and mortgages

Nowadays, banks and non-bank financial institutions offer excellent loan products. They give you the chance to get the things you need immediately, such as a car, a house, etc., or help you pay household bills and old debts.

But regardless of your reason for taking this step, you should get familiar with the different types of loans and terms that may be available to you first. This will get you a clear idea of what exactly you need and what institution to turn to. Whether you will choose the well-known personal loan or any other type, depends on your needs and preferences. Let’s see what options you have:

Personal Loan

A personal loan is an amount of money that you can borrow and use for different purposes like bills, trips, home renovations, bigger purchases, etc. The money must be paid back over a certain period of time with interest. An exception is the interest-free personal loans which are given only to new customers. You can receive a personal loan from banks, non-bank financial institutions, credit unions, online lenders.

When it comes to their amounts, repayment terms, interest, and fees personal loans can vary greatly. They can be unsecured and secured. The unsecured loan does not require any kind of collateral in order to borrow money. On the other hand, collateral is a mandatory condition of borrowing a secured loan.

Car Loan

A car loan is a sum that a borrower takes to buy a new car. You may also see this type of credit under the name automobile loan. It could be lent to an individual person, a company, or another entity. When borrowers agree to take the car loan, they must repay the full amount of money plus the specified interest. The interest rate is usually a percentage of the loan amount which is calculated on an annual basis. As with personal loans, the borrowers of car loans must pay back on monthly payments by a certain date. Keep in mind, a car loan is different from car leasing. In this case, the borrower agrees to buy the car and owns it when the whole loan is repaid.

Mortgage

Mortgage loans can be used in two cases – when you want to buy a new home and need financing and when you need to borrow money and agree to stake your own property. Basically, this is an agreement that gives the lender the right to take the customer’s property if they fail to repay the loan. There are many things to consider if you intend to take a mortgage loan like the size, the interest rate, the closing costs and fees, the annual percentage rate, the term, and so on.

The interest rate can be fixed or adjustable and you have to decide which would be more suitable for your situation. With mortgage loans, it is very important to take into account whether they have any risky features such as hidden clauses, pre-payment penalties, negative amortization, or others. Unlike consumer loans, they require a lot more documents. You cannot take out such a loan if you don’t provide proof of income and other documents related to the property. If with fast online loans there is a chance of approval even with a bad credit history, there is none here.

Payday Loan

Perhaps, many of you have heard of the popular payday loan. It is preferred nowadays because it offers an easy and quick solution to unexpected expenses. This is a relatively small amount that the borrower takes and agrees to pay back when they receive their next wage. However, it usually has a serious drawback – high interest rate. So, as convenient as the payday loan seems, you should be careful what terms you agree to.

Credit Card

A credit card is a plastic that is issued by a bank or another financial service. It allows cardholders to borrow different amounts of money to pay for services or goods. Users must pay back the borrowed money plus the applicable interest and any additional fees if necessary. Credit card often has a higher interest rate so it is also considered not very advantageous. On the other hand, you have the funds at your fingertips and don’t have to wait for approval as with other loans.

Loans should be chosen according to preferences and financial situation. When used wisely, they can help people improve their standard of living. And vice versa – used indiscriminately, they can lead to unpleasant problems and big financial losses, including the loss of property.

Read more:
Types of Loans – How to Choose the Right One for You

People change jobs for many reasons, from leaving a toxic workplace culture and salary raise to hunting for a more intriguing and challenging job.

However, you must understand every aspect of job hopping before going for this option. Job hopping is a double-edged sword as it can positively and negatively affect your career.

Some companies are comfortable hiring people who have jumped frequently from job to job as it gets them diverse experiences and skills. Other times, some companies are unwilling to accept this behavior and will reject your resume immediately.

Hence, you should understand the demands of your industry and the companies to which you want to apply. Let’s walk through both the prospects of job hopping so you can weigh the pros and cons and choose your career options wisely.

Pros of Job Hopping

It is unwise to stay at a job that no longer offers financial and professional growth. If your current job doesn’t make you feel intrigued and challenged, or you do not notice a bit of advancement in your career, you can find a new job, as job hopping has many benefits.

Great Compensation

When you leave a company and get hired by another, you often see an upswing in your paycheck. People who stay in a job for too long receive less pay increase rate than those who shift their job quite often. According to research, employees who are stuck in a single job for too long (more than two years) get 50% less salary than their job-hopper counterparts. That being said, salary should not be the only determinant of your job shift; you should also ensure the place you will offer your career growth. Hence, it is crucial to establish a job hunting strategy that achieves your career goals on the longer terms.

Source: Pexels

Communication and Adaptability

Soft skills such as networking, communication, and relationship management with colleagues are highly appreciated by companies. Every time you change jobs, you come across different people, face a new environment, and cater to different challenges. This gives you significant adaptability to changing environments and the capability to build new relationships easily. If you are a job hopper, these are the most certain skills in your personality. The trick is highlighting these skills and explaining how a company might benefit from these valuable experiences.

Source: Pexels

Career Advancement

Besides offering financial growth, job hopping is a prompt way to climb the corporate ladder. Instead of sticking in a job and waiting for elusive promotion, you can consider going for a job that offers higher-value roles. When you job-hop, you learn diverse skills fundamental to career development. Companies these days are looking for “full stack employees” who can handle the workplace burden in many ways. In a nutshell, job hopping benefits both employer and employee and adapts to the changing employment trends.

Cons of Job-hopping

Despite having a huge potential for career progression, job hopping still holds a negative connotation for some hiring managers. So do remember these things that you may lose if you are a job-hopper;

Fringe Benefits

A job hopper has to start over multiple times, meaning it will take longer to enjoy the benefits an employee is entitled to, such as vacation time. Moreover, you will likely lose your retirement savings. Even if you have a 401k account or any other saving option, you are not staying longer in a company, so employer contributions won’t be added to your account.

Difficulty in Getting Job

Human resource executives suggest that frequent changes in employment reflect an element of instability and immaturity. If you cannot justify your job hop, it may be viewed as you find it difficult to adapt to a challenging environment.

Some hiring authorities might also consider your job hopping as a way to cover up your impulsive occupational decisions that lead to short-term employment. Hiring managers are reluctant to utilize their resources in training a candidate having a track record of uncertainty.

Job Hop the Right Way

Frequent job hopping holds mixed views; for some employers, it is a red flag for your career, while others understand that change is central to career growth. Recent reports show that many headhunted professionals encourage switching jobs to explore new options.

For instance, a report reveals that millennials are switching jobs twice as much as their older counterparts. 75% of employees aged between 18 and 34 consider job hopping the best way to proceed in their careers.

However, this is a make-or-break point in your career. So be vigilant in making your career decisions. The best way to move forward in your career is to weigh both the pros and cons of job hopping.

If you think your current job is no longer contributing to your career regime, it is a good option to grasp the emerging opportunities. If you opt for job hopping the right way, you will promptly climb the career ladder.

First, ensure the new job will help you develop skills that will go a long way in your career progression. The new job should not be a fancy move with just a new title, it must be a productive step in expanding your career expertise.

Second, don’t move too fast, as leaving a job in a few months might not be logical. Employers look forward to candidates who have spent at least a year and so in their past jobs.

Contract-based and temporary work might give you an edge here as you do not have to make an effort to explain your job hop. Last, do not burn all the bridges when you decide to switch jobs. Provide your employer with prior notice so they can arrange a replacement.

If possible, offer a training assistant to your replacement. Moreover, ask for a recommendation letter, as it will be a plus point for your next job.

Final Words

Perceptions are changing; people prefer switching jobs instead of sticking to a place with no professional or financial advancement. Job hopping might be a good option to proceed in your career, but one should know the right time and reason for job hopping to get the most out of it.

Read more:
How Job Hopping Can Make or Break Your Career?

The Complete Guide to Investment Opportunities for Young College Entrepreneurs is a guide that offers a complete overview of how to find and secure investment opportunities for young college entrepreneurs.

The book provides a comprehensive overview of the different types of investors, the process involved in finding them, and how to make your pitch.

Investment opportunities for young college entrepreneurs can be found in a variety of sources, from social media connections and friends to venture capitalists and angel investors. This book provides an extensive list of resources that you can use to find potential investors as well as tips on how you should go about approaching them with your idea.

The Complete Guide to Investment Opportunities for Young College Entrepreneurs is an essential guide for any college student who wants their business idea to become reality.

Top notch paper writing service Paper24 is ready to help students 24/7 with papers of any complexity.

The 4 Major Investment Strategies for Young College Entrepreneurs

Investing in a company is a great way to make money. But, it can be difficult to find the right company to invest in. There are many factors that go into determining if a company will be profitable and thus worth investing in.

However, there are other ways that college students can invest their money. One of the best options is real estate investing. It is not as complicated as investing in a company, but it still provides plenty of opportunity for profit.

Bootstrapping
Crowdfunding
Get financial support
Launch a kickstarter campaign

Distributing Your Investment Dollars Wisely

Investing in stocks is an excellent way to generate a passive income. Stocks are considered to be the most stable investment, and they can also provide the highest returns. Many people invest in stocks to build their wealth over the long-term. If you buy a stock for $100, that stock could be worth $10,000 years later. Everyone is different, but many investors put part of their income into stocks and use the rest to live off of or save for short-term goals such as holidays or purchase large items like cars.

Investing in real estate is a smart way to create a stable passive income. Real estate prices are not subject to the same fluctuating market as stocks. The value of real estate does not depend on the economy and can only go up. This is a great way to create wealth and build your savings.Buying a rental property with the goal of being a landlord is one of the smartest ways to invest, but it can be difficult to find good properties in desirable locations at affordable prices. Buying commercial real estate may be worth it if you can do so at below market prices.

Cryptocurrency investments are risky, but they also provide a high ROI. Forbes has reported that Bitcoin investments have yielded a return of 2,288% between 2012-2017. The cryptocurrency market is volatile and is difficult to predict due to its volatility, but investors can mitigate risk by investing in multiple cryptocurrencies and using stop-loss orders to protect investment capital.

Investing in Stocks

Investing in stocks is a way to increase your money and make it grow.

The stock market crash of 2018 was one of the worst financial disasters in recent history. The Dow Jones Industrial Average lost more than 3,000 points and the S&P 500 dropped more than 6%. Investors were also affected by this crash as they lost billions of dollars.

Investing in stocks is a great way to make money and grow your wealth. However, there are many things that you should know before investing in them. There are different ways to invest in stocks such as buying shares, buying certificates or investing through mutual funds.

Investing Your Free Time Wisely – What are Some Methods?

It is difficult to find time for oneself in the modern world. This is why people often resort to online methods of making some extra money. One of the most popular ways is freelancing. Freelancing gives one the opportunity to work from home and choose their own hours.

There are many other ways that one can make money online, such as blogging, selling on eBay or Amazon, and so on. All these methods require some time investment but they can be rewarding in the long run.

Read more:
The Complete Guide to Investment Opportunities for Young College Entrepreneurs

Primark has announced a £140m investment leading to the opening of four new shops and the creation of at least 850 jobs.

The retailer said it plans to make the investment over the next two years in its UK operations.

As part of that investment, the company said “at least” four news shops will be opened.

The locations announced on Friday are:

• Bury St Edmunds in Suffolk

• Craigavon in Northern Ireland

• Salisbury in Wiltshire

• Teesside Park in Durham

The new shops will increase selling space by more than 160,000 square feet.

Investment is also being put into existing locations and a dedicated Primark Home space will open in Liverpool.

Alongside the new stores, Primark will extend and invest in existing stores and will relocate its stores in Bradford and High Wycombe to more central locations. In Bradford, Primark will move from its existing Kirkgate Shopping Centre location to The Broadway in the city centre, in High Wycombe Primark will move from is existing Chilterns Shopping Centre location to the Eden Centre.

The retailer has been boosting its in store offering in recent years by adding beauty treatments, home ranges and cafes to shops. Collaborations with Greggs are in Primark shops in Birmingham and London.

As of this week Primark customers have been able to purchase products online and collect in store as a click and collect trial was launched in 25 stores across the North of England and Wales.

Earlier this month the retailer said it would not further raise prices despite significant costs as it announced a return to pre-COVID sales and market share in the UK.

Commenting on Primark’s full-year results, the chief executive of Primark parent company, Associated British Foods, said: “We have decided to hold prices for the new financial year at the levels already implemented and planned and to stand by our customers, rather than set pricing against these highly volatile input costs and exchange rates.”

Next year will mark 50 years since Primark opened its first store in England, in Derby in 1973. Today, it has 190 stores and employs more than 30,000 colleagues across the UK.

Read more:
Primark to open at least four new stores and create 850 jobs

Many businesses have put hiring on hold as they consider cost-cutting solutions, with recent data revealing that vacancy numbers have dropped by 3% between September and October 2022, and 12% year-on-year.

That’s according to the latest data from the world’s largest network of job boards, Broadbean Technology.

Retail sector vacancies drop

When analysing Broadbean’s data by sector, it reveals that, during what is usually a very busy recruitment period for the retail sector in the run up to the festive season, vacancies dropped 15% month-on-month. With widespread reports of consumers reigning in spending due to the cost-of-living crisis, it’s perhaps easy to see why retailers, who usually ramp up hiring in the run up to Christmas, aren’t recruiting as many employees this year.

One of the only sectors reporting a monthly increase in vacancies was accounting, which saw an 8% uptick. The UK’s currently volatile financial landscape could explain the increase in demand for jobs in this sector, with firms turning to accountants in an attempt to balance the books and streamline costs.

Alex Fourlis, Managing Director at Broadbean Technology commented: “2022 has been an undeniably turbulent year for hiring. While we witnessed record-breaking levels of vacancies earlier in the year, the slowdown that followed was only to be expected. However, our data does suggest that the decline in vacancy numbers is being accelerated by the UK’s economic uncertainty and with the political turmoil that we have seen of late, it is clear to see why for some firms, recruitment has been put on hold. With the Chancellor’s Autumn Statement seeming to quieten some of the market disruption we’ve experienced recently, it’ll be interesting to see how this impacts hiring for the remainder of 2022.”

Read more:
UK businesses put the brakes on hiring

The first major free trade agreement signed by Britain after Brexit has been branded a failure after new figures showed exports had fallen since it came into force.

Liz Truss signed a “historic” deal with Japan as trade secretary in October 2020, describing it as a “landmark moment for Britain”. It was claimed it would boost trade by billions of pounds and help the UK recover from the pandemic.

However, figures collated by the Department for International Trade show exports to Japan fell from £12.3bn to £11.9bn in the year to June 2022. Exports in goods fell 4.9% to £6.1bn and services fell 2% to £5.8bn.

The decline is a significant setback for supporters of Brexit who claimed global trade with non-EU countries would help compensate for any losses from leaving the single market.

One such deal, with Australia, was criticised earlier this month by the former environment secretary George Eustice, who said it was “not actually a very good deal for the UK”.

Nick Thomas-Symonds, Labour’s shadow secretary for international trade, said: “Falling trade with Japan is irrefutable evidence that ministers are not delivering for UK exporters.

“The Conservatives have no trade policy worthy of the name and ministers are failing to stand up for UK interests in negotiations.

“This is making the huge economic damage they have caused even worse.”

The new figures follow evidence that Britain’s economy is set to struggle compared to its international counterparts.

Apart from Russia, it will be the weakest performer of the world’s big economies next year, according to the Organisation for Economic Co-operation and Development.

It also comes with Rishi Sunak under pressure inside Whitehall and among his own MPs over his current Brexit plans. He was forced to deny claims last week that he wanted to pursue a softer, “Swiss-style” Brexit that would see Britain forge a closer relationship with the EU.

It is also understood that the “Brexit freedoms” bill is putting such a burden on civil servants that even working through weekends has not left them enough time to examine all the implications of the plan.

Officials are having to comb through current laws because of a “sunset clause” in the retained EU law bill, under which any law not “reviewed or revoked” by the end of 2023 will be removed.

Mike Clancy, general secretary of the Prospect union, said the bill “could leave the UK a more dangerous and less fair place”.

“Prospect members in safety critical industries are concerned that this bill could remove important safeguards in the name of cutting red tape,” he said. “It also puts huge pressure on departmental workloads. It seems the prime minister may be forced to plough on with this bill to appease hardliners in his party. We must not end up in a situation where people’s rights at work are used as red meat to appease a small cabal of MPs.”

The performance of the Japan deal heaps further pressure on government claims that Britain can secure a “Brexit dividend”.

Department for International Trade officials said in 2020 the UK-Japan comprehensive economic partnership agreement (CEPA) offered significant advantages beyond the previous EU arrangement.

It claimed the estimated boost to trade between the UK and Japan could be £15bn. But in its first year since coming into force on 1 January 2021, total trade between the countries was £23.7bn, against £24.9bn in 2020, a fall of about 5%. The most recent figures show a slight recovery in total trade between the two countries.

Minako Morita-Jaeger, a senior research fellow in international trade at Sussex University business school and a policy research fellow of the UK Trade Policy Observatory, said the government had “oversold” the UK-Japan trade agreement and it did not offer significant economic advantages over the previous EU deal. She said the early trade data did not appear encouraging.

A comparative analysis of UK-Japan trade figures for 2020 and 2021 by Morita-Jaeger and a colleague states: “In all cases but one, Japanese exports and imports of goods and services with the UK performed worse than the equivalent flows with the EU or the rest of the world.”

Morita-Jaeger said Japanese businesses had used the UK as a gateway to Europe since the 1980s.

She said research had shown firms there were having difficulties navigating the UK-EU trade framework and were considering expanding their business functions, including headquarters and production, in the EU. While the UK said the deal with Japan offered bespoke benefits, a Japanese ministry of affairs document suggests it largely rolled over the previous EU agreement.

Ministers now face mounting scrutiny over free trade deals around the world, with the total trade and goods deficit £23.7bn in July to September 2022, according to figures published by the Office for National Statistics.

Economic experts now accept that Brexit will have an adverse impact on international trade as businesses struggle with the increased customs checks and bureaucracy involved in exporting to Europe.

The Office for Budget Responsibility report published this month assumes UK trading intensity will be 15% lower in the long run.

It says: “The latest evidence suggests that Brexit has had a significant adverse impact on UK trade.”

It was reported last week that senior government figures were considering a Swiss-style relationship with the EU, with fewer trading barriers. Prime minister Rishi Sunak said the UK would not pursue any post-Brexit relationship that “relies on alignment with EU laws”.

The Japanese Embassy in London said the deal “provides stability for Japanese and British companies to continue their business and trading activities with each other after Brexit”.

A Department for International Trade spokesperson said: “Global trade has been significantly impacted by Covid-19, and while trade flows can fluctuate in the short term due a variety of factors, our analysis shows that the UK-Japan CEPA could increase trade by nearly £16bn and increase UK wages by £800m by 2035 compared to not having a deal.”

Read more:
UK exports to Japan slump after ‘landmark’ free trade deal

The UK has one of the lowest payroll tax burdens for businesses, with the average cost of employing a worker on £30k being £3,000.

A new study by accounting company UHY shows Britain is below the European average, with the cost of keeping a worker in their job being 10 per cent of their salary, less than the EU in which it’s 20.7 per cent.

A key reason behind a higher burden in European Union countries, is due to costs like social security, insurance and pension contributions.

This comes after the mini-budget earlier in the year which lowered the national insurance rate to 12 per cent, and cancelled the social care levy in April. Jeremy Hunt confirmed these changes in his recent budget.

Lower costs for employing workers means firms are less likely to need to make layoffs, which is important amid tough economic times, high inflation, rising interest rates and recession.

Subarna Banerjee, Chairman of UHY International, said: “The recent mini-Budget has been one of the more controversial budgets of recent time, however, keeping national insurance low will make it cheaper to retain staff if the UK does enter into a recession. That will hopefully keep more people in jobs over the coming years.”

“The cut in NI also keeps the payroll tax burden for UK employers well below the EU and global average.”

Banerjee added that firms “could directly be incentivised not to make redundancies if governments reduced employment taxes.”

“Many economies have enjoyed near-record levels of employment in recent years, but that is expected to change. Keeping as many people as possible in work should be a key target for policy-makers in the coming months. A rise in unemployment will only exacerbate the issues many countries are facing due to consumer spending dropping sharply.”

Read more:
UK firms well below EU average for tax roll burden of workers on £30k

The World Economic Forum has estimated that 150 million new technology jobs will be created globally over the next five years, and 77% of all jobs will require digital skills from workers by 2030.

However, businesses currently face a global shortage of digital skills, with only 33% of technology jobs worldwide filled by the necessary skilled labour.

Half of today’s organisations agree that this ‘digital divide’ is widening, with 54% of business leaders noting that they have lost their competitive advantage due to talent shortages, according to a recent global survey by Capgemini and LinkedIn.

“This global digital skills gap urgently needs addressing,” says Rehan Haque, CEO of metatalent.ai. “Too many young people are ill-prepared for the jobs of the future, due to a lack of exposure to the digital tools and skills needed for the future of work. To prepare for the adoption of advanced emerging technologies, such as artificial intelligence (AI), machine learning, blockchain, virtual reality and more, organisations need to train the next generation of their workforce through the use of digital skills training and mentoring.

“Generation Z and Generation Alpha will make up around a quarter of the UK workforce by the end of this decade, and nine in ten of their jobs will require digital skills as a minimum. The most immediate challenge for today’s businesses is how to empower these emerging generations with the tools they need for the future of the work. Providing employable skills training for the future workforce is critical for businesses to keep up with the increasing demand for digital skills over the next decade.

“The challenge of global upskilling needs to be urgently addressed. Too many organisations don’t understand the skills their current and future workers will need in the evolving digital economy. Organisations need to future-proof themselves for the rapid technological changes ahead over the next decade by enrolling workers in digital upskilling and reskilling programmes, providing their workforce with the education, technical knowledge, skills and resources needed to thrive in future working environments.

“An upskilling mentorship platform targeting the future of work not only helps today’s businesses to directly identify skills gaps in their current workforce, but it also helps them to equip their current and future workforce with skills-based training for the new and emerging job categories of tomorrow. It is imperative businesses take these steps now before it becomes too late. Without digital skills training and guidance for young workers across all sectors, organisations are sure to be left behind as technology continues to evolve past them.”

Read more:
Businesses need to upskill Gen Z and Alpha for the future of work