Labour Market Information (LMI)

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Labour Market Information (LMI)
Presentation transcript:

Labour Market Information (LMI) Introduce yourself Here to talk about labour Market Information and how it can help you with making decisions about your future learning choices and in choosing a career.

What is Labour Market Information? (LMI) Ask the students what they think LMI is Move to next slide

What is LMI? It can tell us: Where jobs are currently located Which jobs are increasing and which are declining Which skills will be needed in the future Current size of industrial sectors and changes which might be expected in coming years Where there are shortages or oversupply of potential employees and skills Hours and wages that can be realistically be expected Skills employers are seeking Entry routes into jobs, careers and sectors This information can help in making decisions about your future learning choices and in choosing a career. Explain LMI usually refers to data found in tables, spreadsheets, maps, graphs, charts, reports and newspaper articles, or it may exist informally and anecdotally. LMI is good quality information about what is happening nationally, regionally and locally in the job market.

Can you think where you might find LMI? Ask the students where they think you might find LMI Move to next slide

Where is LMI? Watching the TV News/news programmes Reading newspapers LMI is all around you and can be found by: Watching the TV News/news programmes Reading newspapers Researching companies on the internet Following companies on social media Taking part in work experience – you may not want to work in the company but its great experience you can use when applying for jobs or college Speaking to family and friends about what they do and the skills they have Speaking to staff at school/college about what’s happening in the area Asking questions of visitors that come in to school/college about where they work and what they do Having a part time job – you are already gaining skills and knowledge about what its like at work LMI is collected by a variety of organisations, including government departments and agencies, employer and professional organisations, trade unions, academics, as well as sector skills councils. There are a number of key sources of LMI: LMI Humber Humber LEP National Careers Service NOMISWEB (Office for National Statistics) Bridging the Gap Humber

Our Local Labour Market Key Sectors in the Humber Business & Retail Chemicals Construction Creative & Digital Energy Engineering Food & Agriculture Health & Social Care Manufacturing Ports & Logistics Public Sector Visitor Economy In the Humber there are 12 highlighted growth sectors. These are sectors are key to our local economy, these sectors adapt and change depending on what is happening in the local labour market for example: The Energy Sector didn’t exist 10 years ago, this is a new sector because of the increase of Renewable Energy and as a result business and jobs have developed in this are The Visitor Economy was previously referred to as the Leisure & Tourism sector however we live very different to how people did 30 years ago and there is now a demand for services such as catering (meals out, take aways etc), fitness, health spas, gaming and theatres/Cinemas. People are also travelling more for these things as well as taking more holidays. The Creative & Digital Sector is one that has changed the most over the past 10 years with the introduction of New Technology and this is constantly changing. New Technology is the main reason for old jobs disappearing and due to this development there will be more jobs needing higher level skills. Just think about self service check outs at supermarkets and internet shopping.

Changes in the Labour Market What changes do you think are happening in the labour market? Ask the students “What changes do you think are happening in the local labour market?”

Changes in the Labour Market New Technology is being developed all the time Economy – Recession -Brexit Investment in the Local area e.g. Siemens People are living longer Skills of people around the world are improving “Green” issues; we must take more care of the environment (Energy Sector) What does this mean for you? Out In Unskilled Small Companies Manual Self Employment Mass-production Short Term Contracts Auto-Engineering High Technology Mining Employability Skills Qualifications

How has this impacted on our Key Sectors? Ask the students if they think these changes in the local labour market have impacted what is happening in our key sectors in terms of has one sector grown and others declined?

Trends Trends in employment vary from Sector to Sector and can be affected by a number of factors. Since 2016 there have been significant changes in number of employees in occupational areas, some of this is due to the “brexit” impact with migrants employed in these sectors returning to their country of origin decreasing the numbers employed in those sectors.  This does not mean that those sectors are declining in terms of employment opportunities,  in the case of construction and Health & Social care there are big skills gaps and a large number of vacancies unfilled. Talk about how the impact of the recession and government savings has meant redundancies and reduced workforce in this sector and we class this as a declining sector but that doesn’t mean there are no employment opportunities as opportunities will be available with the natural turnover of staff and an aging workforce. The energy sector is growing in this area because of the development of the wind farms in region and the jobs related to these. For example the new wind farm being built by Orsted off the coast at Hornsea will create 800 jobs in the construction phase.

Quick Facts Lets have a quick look at some LMI for each of the 12 Key Sectors Business & Retails – There are around 360,000 jobs in this sector in the Humber covering 600 occupation areas account for nearly 23 % of all employment in the area Chemicals – The chemical Industry employs approximately 5,000 people in the Humber and generates a turnover of £6 billion Construction - 190,000 of the workforce nationally is due to retire in the next 5yrs Creative & Digital – UK is the 4th Largest producer of computers games and Hull is one of the fastest growing digital sectors outside of London Energy – When completed the Offshore Wind Farm at Hornsea will be the largest in the world Engineering – The engineering industry requires more qualified people Food & Agriculture – 96% of businesses in the Humber employ fewer than 10 people Health & Social Care – The NHS remains the biggest employer in the UK despite cuts in government spending and this is not expected to change Manufacturing – Manufacturing is creating high skilled jobs and needs 750,00 by 2020 to replace those leaving Ports & Logistics – The Humber is the 5th Largest port in Europe with and only 36% workforce is under 34 Public Sector – There are a variety of different careers in this sector including, solicitor, accountants, marketing and teachers Visitor Economy – This sector is predicated to grow at an annual rate of 3.8% annually through to 2025

Engineering Sector Jobs in Engineering: CAD Technician Electrician Vehicle Breakdown Engineer Engineering Maintenance Technician Welder Electrical Engineer Aerospace Engineer Deisgner Engineer Marine Engineer Civil Engineer Salaries Start from £16,000 and can go up to £60,000+ depending on the level and your qualifications Lets look at one of the sectors in more detail now. Engineering is the application of scientific, social, and practical knowledge in order to invent, design, build, maintain, research, and improve structures, machines, devices, systems, materials, and processes. New industries and technologies are emerging, adding to already significant demand for engineering skills. 203,000 people with Level 3+ engineering skills are needed every year to meet demand There is an annual shortfall of up to 59,000 engineering graduates and technicians to fill core engineering roles nationally Engineering companies are projected to need 186,000 people nationally with engineering skills over the next 5 years The Engineering Sector accounts for 2% of the region's workforce, employing over 7,000 people The average graduate starting salary for engineering is £27,079 – over a fifth more than for all graduates Nationally 12% of the Engineering workforce is female this is increasing year on year Engineering is not just about getting dirty it is very creative work and involves problem solving Engineers can work in many different industries including chemicals, food manufacturing, technology, the motor and aerospace industries Engineers use computers and new technologies to design new products The Engineering industry requires more qualified people Every time a job is created in engineering 1.74 new jobs are created elsewhere The average Graduate Salary is £27,000 Engineering is not just about getting dirty it is very creative work and involves problem solving skills Employers in this sector look for people with employment skills: Problem Solving Business & Customer Awareness Application of Number Communication & Literacy Application of IT Self Management Team Working You will be using these skills in every life and at school and it is good to give employers real life examples of these when applying for jobs. Useful GCSE’s to have for this sector include: Maths Science Design & Technology Engineering IT A lot of newer and really exciting engineering jobs that offer a good salary package need a science, technology and maths base. Jobs in Engineering range from entry level through to degree level: CAD Technician – Entry level job requiring GCSEs or traineeship type qualification Electrician Vehicle Breakdown Engineer Engineering Maintenance Technician Welder Electrical Engineer – Mid level – requiring level 3/4 qualification like, A-Levels, Advanced Apprenticeship or BTEC Aerospace Engineer Deisgner Engineer Marine Engineer Civiel Engineer – Higher Level – requiring degree level qualification or degree level apprenticeship. Salaries Start from £16,000 and can go up to £60,000+ depending on the level and your qualifications More detailed information on this is available on the sector profiles.

Get a Career in the Engineering Sector

Future Skills Higher skilled jobs/professional will account for 70% of jobs IT& Software Employability skills Aptitude as well as academic qualifications – competency based interviews 65% of you will do jobs that have not yet been invented In future 50% of jobs will require level 4 or higher qualifications Attitude Based on what we’ve learned about LMI we can see that future skills will include: Higher skilled jobs/professional will account for 70% of jobs IT& Software Employability skills Aptitude as well as academic qualifications – competency based interviews 65% of you will do jobs that have not yet been invented 50% of jobs will require level 4 or higher qualifications Attitude

Future Jobs Social Media Strategists Bloggers User Experience Analyst Video Journalist Elderly Care Virtual Lawyer The Cloud Services Specialist And new jobs will be created that we aren’t even aware of yet – think robots! Based on what we’ve learned about LMI we can see that new and future jobs include: Social Media Strategists Bloggers User Experience Analyst Video Journalist Elderly Care Virtual Lawyer The Cloud Services Specialist And new jobs will be created that we aren’t even aware of yet – think robots!

The Message for Young People Employers need a skilled and flexible workforce Do your research – Explore a number of career options Keep up-to-date with Industry – watch the news or look online Skills Development – Keep Learning Change is ongoing

More Information www.lmihumber.co.uk www.careersyandh.co.uk www.bridingthegaphumber.co.uk www.icould.co.uk www.nomisweb.co.uk www.ons.gov.uk www.bbc.co.uk www.hulldailymail.co.uk

www.lmihumber.co.uk