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Labour Market Information Michael Spayne Labour Market Analyst Focus LMI Visiting Lecturer Edinburgh Napier University & University of Huddersfield Delivered by
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What is it? Why is it Important? Where do I get from? How can it be used? LMI
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Labour Market is Constantly Changing Pace of Change has Accelerated Complex and (sometimes seems) Contradictory
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“Today's labour market stats paint a seemingly contradictory and confusing picture” Robert Peston
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Mismatch Aspirations and Job Market Reality
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Job Market is a Battleground
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Green-Collar Revolution?
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STEM
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5 th largest economy 8 th largest manufacturer 9 th largest exporter Global Economy – UK is:
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1 in 7 1,000 (5.5 million) 200+ Million Global Labour Market
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Career Choice Affects Earnings
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Demographic Change - Increase
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Demographic Change - Ageing
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Self-employed Zero Hours Contracts Part-time Agency Work Freelance Portfolio Workers Flexible Labour Market
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More Professional Jobs Fewer Intermediate More Lower Skilled Hour Glass Occupational Structure
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What is it? Why is it Important? Where do I get from? How can it be used? LMI
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Vacancies Future Jobs Skill Shortages Geographical Location of Jobs / Clusters Wages Trends LMI: Examples
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“Careers advice without good LMI is just advice…” Source: Using and Sharing LMI to Inform Future Choices - UKCES Why is it Important?
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LMI Can Help: Make Informed Decisions Challenge Misconceptions Motivational Interviewing Job Search Labour Market Function Better
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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
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Data Data does not always speak for itself - Interpretation
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Information - Intelligence Analysis Interpretation Meaningful Information into Intelligence is a Process
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The Future is Uncertain Credit Crunch Wars & Revolutions Natural Disasters New Technologies EU Referendum Where will People Work in the Future?
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Construction - Employment Growth Forecasts (UK) 201020152020 2.09m2.19m2.33m Future Trends
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Expansion and Replacement Retirement Emigration Poor Health Promotion
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UKCES - Working Futures reports and data Eg: UKCES - Future of Work - Jobs and Skills 2030 Where Can I get Information on Future Trends
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Average Weekly Wage by Highest Qualification
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Average Weekly Wage by Occupation - Hospitality
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Graduate Premium £100,000? £400,000?
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Annual Survey of Hours and Earnings Other examples: Higher Flyers, Totaljobs.com, Reed Where Can I get Wages Data?
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LFS - Occupations in Construction
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Average Weekly Wage by Occupation - Construction
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Construction - Employment Growth Forecasts (UK) 201020152020 2.09m2.19m2.33m Future Trends
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Age Profile - % Under 25 Yrs ConstructionHospitality
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Employer Perspectives Survey (2014) Recruitment Channels used by Employers (UK) Job Centre+32% Word of mouth30% Local newspapers19% Recruitment agencies19% Internal labour market12% Social media 7% (3% in 2012) Speculative enquiries 7% National newspapers 3%
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Official Data Sector Skills Councils Think tanks Newspapers & TV Professional Bodies Trade Unions Academic Research Where can I get LMI?
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UK Commission for Employment and Skills (UKCES) www.ukces.org.uk www.ukces.org.uk Office for National Statistics (ONS) www.ons.gov.uk/onswww.ons.gov.uk/ons Nomis - Official Labour Market Statistics www.nomisweb.co.uk www.nomisweb.co.uk Graduate Prospects www.prospects.ac.uk www.prospects.ac.uk The National Careers Service (England) https://nationalcareersservice.direct.gov.uk/ https://nationalcareersservice.direct.gov.uk/ LMI for All www.lmiforall.org.uk/www.lmiforall.org.uk/ Institute for Personnel and Development www.cipd.co.ukwww.cipd.co.uk Seven Useful Sites
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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
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Broader Trends Local LMI Personalised to individual Needs
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LMI Needs to match individual need Where do people work now Current Vacancies Wages Skills needed Training / Qualifications Impact of Technology
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A Healthy Scepticism Who has collected it? How? Why?
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Any questions?
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Michael Spayne Focus LMI michael.spayne@focuslmi.co.uk Contact Details
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Michael Spayne Focus LMI michael.spayne@focuslmi.co.uk Contact Details
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Michael Spayne Focus LMI michael.spayne@focuslmi.co.uk Contact Details
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