Labour Market Information Michael Spayne Labour Market Analyst Focus LMI Visiting Lecturer Edinburgh...
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Transcript of Labour Market Information Michael Spayne Labour Market Analyst Focus LMI Visiting Lecturer Edinburgh...
Labour Market Information
Michael SpayneLabour Market AnalystFocus LMI
Visiting Lecturer Edinburgh Napier University & University of Huddersfield
Delivered by
• What is it?
• Why is it Important?
• Where do I get from?
• How can it be used?
LMI
Labour Market is Constantly Changing
Pace of Change has AcceleratedComplex and (sometimes seems) Contradictory
“Today's labour market stats paint a seemingly contradictory and confusing picture”
Robert Peston
MismatchAspirations and Job Market Reality
Green-Collar Revolution?
STEM
• 5th largest economy
• 8th largest manufacturer
• 9th largest exporter
Global Economy – UK is:
• 1 in 7
• 1,000 (5.5 million)
• 200+ Million
Global Labour Market
Career Choice Affects Earnings
•
Demographic Change - Increase
Self-employed
Zero Hours Contracts Part-time
Agency Work Freelance
Portfolio Workers
Flexible Labour Market
• More Professional Jobs
• Fewer Intermediate
• More Lower Skilled
Hour Glass Occupational Structure
• What is it?
• Why is it Important?
• Where do I get from?
• How can it be used?
LMI
• Vacancies
• Future Jobs
• Skill Shortages
• Geographical Location of Jobs / Clusters
• Wages
• Trends
LMI: Examples
“Careers advice without good LMI is just advice…”
Source: Using and Sharing LMI to Inform Future Choices - UKCES
Why is it Important?
LMI Can Help:
• Make Informed Decisions
• Challenge Misconceptions
• Motivational Interviewing
• Job Search
• Labour Market Function Better
• What sectors and occupations people work in
• What jobs are available
• How much we could earn
• What qualifications and skills are required
• Where job openings of the future might be
LMI can tell us
Data
Data does not always speak for itself - Interpretation
Information - Intelligence
• Analysis
• Interpretation
• Meaningful
Information into Intelligence is a Process
The Future is Uncertain
• Credit Crunch• Wars & Revolutions• Natural Disasters• New Technologies• EU Referendum
Where will People Work in the Future?
Construction - Employment Growth Forecasts (UK)
2010 20152020
2.09m 2.19m2.33m
Future Trends
Expansion and Replacement
• Retirement
• Emigration
• Poor Health
• Promotion
• UKCES - Working Futures reports and data
• Eg: UKCES - Future of Work - Jobs and Skills 2030
Where Can I get Information on Future Trends
Average Weekly Wage by Highest Qualification
No Qualifications GCSE A-C or equivalent
A-level or equivalent
Degree or equivalent
Masters Degree Doctorate£0
£100
£200
£300
£400
£500
£600
£700
£800
£900 Chart Title
Average Weekly Wage by Occupation - Hospitality
Chef Catering Manager
Cook Hotel Manager
NMW0
100
200
300
400
500
600
700
£
Graduate Premium
£100,000?
£400,000?
• Annual Survey of Hours and Earnings
Other examples: Higher Flyers, Totaljobs.com, Reed
Where Can I get Wages Data?
LFS - Occupations in Construction
Managers; 13%
Civil Engineers & Pro-fessional, 6%
Clerical & Sales, 8%
Drivers / Operatives; 8%
Electrical Trades; 8%
Civil & Engineering Technicians; 4%Bricklayers; 4%Joiners; 9%
Plumbing & Heating Trades; 7%
Painting Decorating; 6%
Plasterers; 2%Glaziers; 1%
Roofers & Tilers; 3%
Other Skilled Trades; 11%
Labourers; 10%
Average Weekly Wage by Occupation - Construction
Bricklayer Plumber Plasterer P&D Joiner NMW0
100
200
300
400
500
600
700
£
Construction - Employment Growth Forecasts (UK)
2010 20152020
2.09m 2.19m2.33m
Future Trends
Age Profile - % Under 25 Yrs
Construction Hospitality
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%
• Official Data
• Sector Skills Councils
• Think tanks
• Newspapers & TV
• Professional Bodies
• Trade Unions
• Academic Research
Where can I get LMI?
UK Commission for Employment and Skills (UKCES) www.ukces.org.uk
Office for National Statistics (ONS) www.ons.gov.uk/ons
Nomis - 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 Sites
Employer Perspective Survey - UKCES
Employer Skills Survey - UKCES
Working Futures - UKCES
Labour Force Survey - Office for National Statistics / NOMIS
Annual Survey of Earnings and Hours - Office for National Statistics / NOMIS
Five Useful Datasets
Broader Trends
Local LMI
Personalised to individual Needs
LMI Needs to match individual need
Where do people work now
Current Vacancies
Wages
Skills needed
Training / Qualifications
Impact of Technology
A Healthy Scepticism
• Who has collected it?
• How?
• Why?
Any questions?