Labour Market Information Humber Labour Market Information LMI

Labour Market Information - Humber

Labour Market Information (LMI) LMI usually refers to data found in tables, spreadsheets, maps, graphs, charts, reports and newspaper articles, or it may exist informally and anecdotally. It can tell us: • where jobs are currently located • the 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 • the hours and wages that can be realistically be expected • the skills employers are seeking • entry routes into jobs, careers and sectors

Labour Market Information (LMI) 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 a number of key sources of LMI: • LMI Humber • Humber LEP • National Careers Service • NOMISWEB (Office for National Statistics) • UKCES • Local Data Observatory • Bridging the Gap Humber This information can help you in making decisions about your future learning choices and in choosing a career.

Key Employers 2012

Key Employers 2014

Key Sectors in the Humber • • • Business & Retail Tourism Public Sector Construction Creative & Digital Manufacturing Renewables. Food & Agriculture Ports & Logistics Engineering Health & Social Care

The Journey so far Out • • • Unskilled Manual Mass-production Auto-engineering Mining IN • • • Small companies Service sector High technology Qualifications Innovation Employability Skills

Sector Trends in the Humber 2014 Renewables Construction Ports & Logistics Manufacturing Health & Social Care Business & Retail Creative – Digital & Tourism Food & Agriculture Public Sector Engineering Chemical

Future Skills • • Business & Customer Awareness IT& software Communication & Literacy Technical & Practical Customer Handling Team Working Self Management

Jobs for the Future 1. 5 million additional jobs created by 2020. However, this figure is set to be dwarfed by the Predicted 12 million job vacancies that could be created by what is referred to as ‘replacement demand’. This demand is created by people leaving their jobs due to retirement, family reasons, career moves or other reasons. This means that even if an industry is expected to decline, such as manufacturing, there can still be many opportunities to replace departing staff. Around 100, 000 entry level jobs are predicted to be created by 2020 Around two million extra higher skilled jobs such as managers, professionals and associate professionals jobs could be created by 2020 Around 313, 000 new jobs are expected to be created in caring, leisure and other service occupations Private services sector are expected to increase by more than 1. 5 million by 2020, with business, financial, computing and other services set to perform particularly well. Employment in the trade, accommodation and transport industries is expected to increase by 400, 000 jobs by 2020 Source: UKCES Working Futures Report

Qualifications/Salaries Qualifications and Earnings Average £ 29, 159 No qualifications NVQ level 1 NVQ level 2 NVQ level 3 NVQ level 4 NVQ level 5 £ 17, 501 £ 18, 231 £ 24, 706 £ 25, 231 £ 36, 461 £ 52, 825 Better qualifications = higher wages = less unemployment

Key Facts • 50 % of jobs will require level 4 skills (higher education) or higher by 2020 according to the CBI • The Hospitality & Tourism industry needs to recruit an average of 135, 000 people every year between now and 2020. Source: Williams M, Luanaigh A and Garrett R (2012), Sector Skills Insights: Tourism. UKCES • The development of new technology means that the Creative & Digital Sector is a growing constantly • Renewables is a relatively new employment sector, but we are expecting to see significant growth as local authorities and companies work towards the government's targets of reducing carbon emissions and finding alternative sources of energy • The UK engineering industry needs more skilled and qualified people

Recent Announcements • High profile Sadofskys & cba merger set to create Hull & East Yorkshire’s leading accountancy practice • City gears up for year as UK City of Culture 2017 • The eagerly anticipated announcement that Siemens will be investing in Green Port Hull has arrived • £ 1 m new contracts sparks jobs surge

The message for young people • Investors 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 log on to industry websites • Skills development – keep on learning • Change is ongoing

LMI Humber www. lmihumber. co. uk