Labour Market Information Kay Gregory Development Manager Careers Solutions 8.12.2010.
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Transcript of Labour Market Information Kay Gregory Development Manager Careers Solutions 8.12.2010.
![Page 1: Labour Market Information Kay Gregory Development Manager Careers Solutions 8.12.2010.](https://reader036.fdocuments.in/reader036/viewer/2022062407/56649e765503460f94b77a19/html5/thumbnails/1.jpg)
Labour Market Information
Kay Gregory Development ManagerCareers Solutions8.12.2010
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‘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.’
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• 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?
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Global Economy Digital technology Science Low Carbon Energy
Knowledge Economy Health
Graduate Labour Market
Advanced manufacturing
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Retail
Creative/Digital/Media
Education
Manufacturing
Construction
Public Sector
Logistics
Life Sciences
Financial and Professional services
Hospitality and Tourism
GM’s Employment Sectors
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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
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• Aviation/Manchester Airport
• Financial and Professional services
• Life Science Industries
• Creative/Digital/New Media
• Manufacturing
• ICT Digital/Communications
GM’s Top Six Accelerator Sectors
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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
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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
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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
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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
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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%
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Resources
Go Wild with LMI, Highflyers
Work Matters
Spotlights
Ways & Choices
Connexions Merseyside
Any other suggestions?
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Useful Websites • www.connexions-tameside.co.uk
• www.guidance-research.org
• www.sectorcareersinfo.co.uk
• www.advice-resources.co.uk
• http://neweconomymanchester.com
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