Teens learn about tax and budgetingPosted: 13th December 2018
Tax, budgeting, wages and pensions were the hot topics when a company closed its offices to work with teenagers for a day.
Year 10 students at Royal Docks Academy stepped away from the traditional timetable to work with apprentices up to executive managers from Payment Systems Regulator (PSR)
The drop-down day involved activities such as understanding wage slips, pension, tax, elevator speeches, personality tests and CV writing.
They also –
- discussed career aspirations and employability skills and took part in a personality quiz to find out how personality types relate to revision and career choices.
- learnt about the company, what it does and the type of job roles it provides and took the opportunity to ask questions.
- looked at how they would use a salary, talking through taxes, bills, transport and cost of living
- discussed communication in the workplace, breaking it down to verbal, nob-verbal, interpersonal and written
- talked about their strengths and developed 30-second elevator speeches
- drafted their CVs
At the end of the day, students were challenged to set one-month, six-month and one-year targets.
Balil Abdul-Khaliq, director of careers for the BMAT group of schools, said: “The students found it extremely beneficial and were grateful for the opportunity to meet employers from a successful financial company.
“They benefitted from – raised aspirations, the opportunity to meet employers, interview practise and increased confidence.”