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Labour Market Information Labour Market Information

Labour Market Information - PowerPoint Presentation

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Labour Market Information - PPT Presentation

Michael Spayne Labour Market Analyst Focus LMI Visiting Lecturer Edinburgh Napier University amp University of Huddersfield Delivered by What is it Why is it Important Where do I get from ID: 495045

market lmi labour future lmi market future labour survey skills www spayne construction work national ukces trends

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Slide1

Labour Market InformationMichael SpayneLabour Market AnalystFocus LMI Visiting Lecturer Edinburgh Napier University & University of Huddersfield

Delivered bySlide2

What is it?

Why is it Important?Where do I get from?How can it be used?LMISlide3

Labour Market is Constantly Changing

Pace of Change has Accelerated

Complex and (sometimes seems) ContradictorySlide4

“Today's labour market stats paint a seemingly contradictory and confusing picture”Robert PestonSlide5

Mismatch

Aspirations and Job Market RealitySlide6

Job Market is a BattlegroundSlide7

Green-Collar Revolution? Slide8

STEMSlide9

5

th largest economy8th largest manufacturer9th largest exporterGlobal Economy – UK is: Slide10

1 in 7

1,000 (5.5 million)200+ MillionGlobal Labour Market Slide11

Career Choice Affects Earnings

Slide12

Demographic Change - Increase Slide13

Demographic Change - AgeingSlide14

Self-employed Zero Hours Contracts Part-time Agency Work Freelance Portfolio Workers

Flexible Labour MarketSlide15

More Professional Jobs

Fewer IntermediateMore Lower SkilledHour Glass Occupational StructureSlide16

What is it?

Why is it Important?Where do I get from?How can it be used?LMISlide17

Vacancies

Future Jobs Skill ShortagesGeographical Location of Jobs / Clusters Wages TrendsLMI: ExamplesSlide18

“Careers advice without good LMI is just advice…” Source: Using and Sharing LMI to Inform Future Choices - UKCESWhy is it Important?Slide19

LMI Can Help:Make Informed DecisionsChallenge MisconceptionsMotivational InterviewingJob Search Labour Market Function BetterSlide20

What sectors and occupations people work in

What jobs are availableHow much we could earnWhat qualifications and skills are requiredWhere job openings of the future might be

LMI can tell usSlide21

Data

Data does not always speak for itself - InterpretationSlide22

Information - IntelligenceAnalysisInterpretationMeaningful Information into Intelligence is a ProcessSlide23

The Future is UncertainCredit CrunchWars & RevolutionsNatural DisastersNew TechnologiesEU Referendum Where will People Work in the Future?Slide24

Construction - Employment

Growth Forecasts (UK)2010 2015 20202.09m 2.19m 2.33mFuture TrendsSlide25

Expansion and Replacement

Retirement Emigration Poor Health PromotionSlide26

UKCES - Working Futures reports and data

Eg: UKCES - Future of Work - Jobs and Skills 2030Where Can I get Information on Future TrendsSlide27

Average Weekly Wage by Highest QualificationSlide28

Average Weekly Wage by Occupation - HospitalitySlide29

Graduate Premium£100,000?£400,000?Slide30

Annual Survey of Hours and Earnings

Other examples: Higher Flyers, Totaljobs.com, ReedWhere Can I get Wages Data?Slide31

LFS - Occupations in ConstructionSlide32

Average Weekly Wage by Occupation - ConstructionSlide33

Construction - Employment

Growth Forecasts (UK)2010 2015 20202.09m 2.19m 2.33mFuture TrendsSlide34

Age Profile - % Under 25 Yrs

Construction

HospitalitySlide35

Employer Perspectives Survey (2014)

Recruitment Channels used by Employers (UK) Job Centre+ 32%Word of mouth 30% Local newspapers 19%Recruitment agencies 19%Internal labour market 12%Social media 7% (3% in 2012)Speculative enquiries 7%National newspapers 3%Slide36

Official Data

Sector Skills CouncilsThink tanksNewspapers & TVProfessional BodiesTrade UnionsAcademic ResearchWhere can I get LMI?Slide37

UK Commission for Employment and

Skills (UKCES) www.ukces.org.uk Office for National Statistics (ONS) www.ons.gov.uk/onsNomis - Official Labour Market Statistics www.nomisweb.co.uk  Graduate Prospects www.prospects.ac.uk The National Careers Service (England) https://nationalcareersservice.direct.gov.uk/

 LMI for All www.lmiforall.org.uk/Institute for Personnel and Development

www.cipd.co.uk 

Seven Useful SitesSlide38

Employer Perspective Survey - UKCES

Employer Skills Survey - UKCESWorking Futures - UKCESLabour Force Survey - Office for National Statistics / NOMISAnnual Survey of Earnings and Hours - Office for National Statistics / NOMIS   Five Useful DatasetsSlide39

Broader Trends Local LMIPersonalised to individual NeedsSlide40

LMI Needs to match individual needWhere do people work nowCurrent Vacancies WagesSkills neededTraining / QualificationsImpact of TechnologySlide41

A Healthy ScepticismWho has collected it?How?Why?Slide42

Any questions?Slide43

Michael Spayne

Focus LMImichael.spayne@focuslmi.co.ukContact DetailsSlide44

Michael Spayne

Focus LMImichael.spayne@focuslmi.co.ukContact DetailsSlide45

Michael Spayne

Focus LMImichael.spayne@focuslmi.co.ukContact Details