Labour Market Information Michael Spayne Labour Market Analyst

Labour Market Information Michael Spayne Labour Market Analyst Focus LMI Visiting Lecturer Edinburgh Napier University & University of Huddersfield Delivered by

LMI • What is it? • Why is it Important? • Where do I get from? • How can it be used?

Labour Market is Constantly Changing Pace of Change has Accelerated Complex and (sometimes seems) Contradictory

“Today's labour market stats paint a seemingly contradictory and confusing picture” Robert Peston

Mismatch Aspirations and Job Market Reality

Job Market is a Battleground

Green-Collar Revolution?

STEM

Global Economy – UK is: • 5 th largest economy • 8 th largest manufacturer • 9 th largest exporter

Global Labour Market • 1 in 7 • 1, 000 (5. 5 million) • 200+ Million

Career Choice Affects Earnings •

Demographic Change - Increase

Demographic Change - Ageing

Flexible Labour Market Self-employed Zero Hours Contracts Part-time Agency Work Freelance Portfolio Workers

Hour Glass Occupational Structure • More Professional Jobs • Fewer Intermediate • More Lower Skilled

LMI • What is it? • Why is it Important? • Where do I get from? • How can it be used?

LMI: Examples • Vacancies • Future Jobs • Skill Shortages • Geographical Location of Jobs / Clusters • Wages • Trends

Why is it Important? “Careers advice without good LMI is just advice…” Source: Using and Sharing LMI to Inform Future Choices - UKCES

LMI Can Help: • Make Informed Decisions • Challenge Misconceptions • Motivational Interviewing • Job Search • Labour Market Function Better

LMI can tell us • 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

Data does not always speak for itself - Interpretation

Information - Intelligence • Analysis • Interpretation • Meaningful Information into Intelligence is a Process

Where will People Work in the Future? The Future is Uncertain • • • Credit Crunch Wars & Revolutions Natural Disasters New Technologies EU Referendum

Future Trends Construction - Employment Growth Forecasts (UK) 2010 2015 2020 2. 09 m 2. 19 m 2. 33 m

Expansion and Replacement • Retirement • Emigration • Poor Health • Promotion

Where Can I get Information on Future Trends • UKCES - Working Futures reports and data • Eg: UKCES - Future of Work - Jobs and Skills 2030

Average Weekly Wage by Highest Qualification £ 900 £ 800 £ 700 £ 600 £ 500 £ 400 £ 300 £ 200 £ 100 £ 0 No Qualifications GCSE A-C or equivalent A-level or equivalent Degree or equivalent Masters Degree Doctorate

Average Weekly Wage by Occupation - Hospitality 700 600 500 400 £ 300 200 100 0 Chef Catering Manager Cook Hotel Manager NMW

Graduate Premium £ 100, 000? £ 400, 000?

Where Can I get Wages Data? • Annual Survey of Hours and Earnings Other examples: Higher Flyers, Totaljobs. com, Reed

LFS - Occupations in Construction Labourers; 10% Other Skilled Trades; 11% Roofers & Tilers; 3% Glaziers; 1% Painting Decorating; 6% Plasterers; 2% Managers; 13% Civil Engineers & Professional, 6% Clerical & Sales, 8% Drivers / Operatives; 8% Electrical Trades; 8% Plumbing & Heating Civil & Engineering Trades; 7% Bricklayers; 4% Technicians; 4% Joiners; 9%

Average Weekly Wage by Occupation - Construction 700 600 500 400 £ 300 200 100 0 Bricklayer Plumber Plasterer P&D Joiner NMW

Future Trends Construction - Employment Growth Forecasts (UK) 2010 2015 2020 2. 09 m 2. 19 m 2. 33 m

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% Speculative enquiries 7% National newspapers 3% (3% in 2012)

Where can I get LMI? • Official Data • Sector Skills Councils • Think tanks • Newspapers & TV • Professional Bodies • Trade Unions • Academic Research

Seven Useful Sites 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

Five Useful Datasets 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