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
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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