Labour Market Information

Kay Gregory Development ManagerCareers Solutions8.12.2010

‘The world is changing fast. In spite of the current economic difficulties faced by all countries around the world, the global economy is expected to double in size by 2030, creating up to a billion new jobs in high skill industries, shaped by faster technology and communications, low carbon industries and greater resource efficiency. Markets and industries which have not yet been imagined will emerge.’

• Central to provision of high quality CEIAG

• Key factor in government policy re education/skills

• Choices for young people at 14, 16 and 18 are complex

• Curriculum developments ??

• Travel to work patterns

• Used by organisations to inform decisions, e.g. FE curriculum, training provision, etc.

Why is LMI so important?

Global Economy Digital technology Science Low Carbon Energy

Knowledge Economy Health

Graduate Labour Market

Advanced manufacturing

Retail

Creative/Digital/Media

Education

Manufacturing

Construction

Public Sector

Logistics

Life Sciences

Financial and Professional services

Hospitality and Tourism

GM’s Employment Sectors

1. Financial and Professional services (16.6%)

2. Life Sciences (13%)

3. Retail (10.3%)

4. Manufacturing (10.3%)

5. Education (8.5%)

6. Construction (7%)

7. Hospitality and Tourism (6.1%)

8. Public Sector (5.2%)

9. Creative/Digital/Media (4.7%)

10. Logistics (4.1%)

GM’s Top Ten Employment Sectors

• Aviation/Manchester Airport

• Financial and Professional services

• Life Science Industries

• Creative/Digital/New Media

• Manufacturing

• ICT Digital/Communications

GM’s Top Six Accelerator Sectors

0.0

50.0

100.0

150.0

200.0

250.0

Aviation

Construction

Creative

Education

F&P

ICT

Life Sciences

Logistics

Manufacturing

Public Sector

Retail

Sport

TourismEM

PLO

YMEN

T (0

00s)

2010

2015

1.1%

10.8%

4.4%

10.4%

3.1%

12.3%

3.8%

4.9%

15.7%

7.6%

6.4%

11.8%

0.1%

0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0%

Sport

Retail

Public Sector

Manufacturing

Logistics

Life Sciences

ICT / Digital

Hospitality and Tourism

Financial and Professional Services

Education

Creative Industries

Construction

Aviation

Sector Skills Councils

• Sector Skills Councils (SSCs) are independent, employer-led, UK–wide organisations designed to build a skills system that is driven by employer demand. There are currently 25 SSCs covering over 90% of the economy, and they all work towards the following four key goals:

– Reduced skills gaps and shortages

– Improved productivity, business and public service performance

– Increased opportunities to boost the skills and productivity of everyone in the sector's workforce

– Improved learning supply through National Occupational Standards, apprenticeships, and further and higher education

Graduate Labour Market

• Degree holders now account for more than 80% in ‘professional occupations’

• In 1968 there were 250,000 university students in UK….today the figure is 2.3 million

• A degree alone is not enough

• Conflicting information re job market

• Average graduate starting salary £19,677 - £25.000

• 99.2% of businesses in UK are SMEs

Breakdown by industry – expanding or contracting?

Investment banks +33%

Accountancy and professional services +13.9%

High street banks +30.2%

Retail +21.3%

Consumer goods -3.9%

Engineering and industrial -2.1%

Public sector -4.3%

Resources

Go Wild with LMI, Highflyers

Work Matters

Spotlights

Ways & Choices

Connexions Merseyside

Any other suggestions?

Useful Websites • www.connexions-tameside.co.uk

• www.guidance-research.org

• www.sectorcareersinfo.co.uk

• www.advice-resources.co.uk

• http://neweconomymanchester.com

E-mail address

Kay.Gregory@careers-solutions.co.uk