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Labour market trends and the local graduate picture. Southampton Solent University HE Advisers ’ Conference 20 th June 2014 Andy Durman Vice President for UK Operations, EMSI. Andy Durman, VP for UK Operations andyd@economicmodelling.co.uk 07720 641651. WWW.ECONOMICMODELLING.CO.UK.
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Labour market trends and the local graduate picture • Southampton Solent University HE Advisers’ Conference • 20th June 2014 • Andy Durman • Vice President for UK Operations, EMSI Andy Durman, VP for UK Operations andyd@economicmodelling.co.uk 07720 641651 WWW.ECONOMICMODELLING.CO.UK
Contents • About EMSI • What is labour market information? • Using LMI for skills and careers planning • Exploring the local labour market • Summary • Any questions? Andy Durman, VP for UK Operations 07720 641651 andyd@economicmodelling.co.uk WWW.ECONOMICMODELLING.CO.UK
About EMSI We are passionate about using good, local labour market data to help connect people to jobs through learning and skills development Andy Durman, VP for UK Operations 07720 641651 andyd@economicmodelling.co.uk WWW.ECONOMICMODELLING.CO.UK
About EMSI EMSI turn labour market data into useful information that helps organisations understand the connection between economies, people and work. We build user-friendly tools and services that help institutions, workforce planners and regional economicdevelopers build a better workforce and improve the economic conditions in their regions. With more than 20 million data points across Britain, EMSI offers the most comprehensive industry and occupation data available, connecting education and workforce perspectives to business and the economy. Andy Durman, VP for UK Operations 07720 641651 andyd@economicmodelling.co.uk WWW.ECONOMICMODELLING.CO.UK
About EMSI Andy Durman, VP for UK Operations 07720 641651 andyd@economicmodelling.co.uk WWW.ECONOMICMODELLING.CO.UK
What is labour market information? • Facts or statistics about jobs that help us understand the economy. • Data collected from public sources used to describe trends and projections for standardised industries and occupations. Andy Durman, VP for UK Operations 07720 641651 andyd@economicmodelling.co.uk WWW.ECONOMICMODELLING.CO.UK
What is labour market information? • Historical changes • Current employment • Future projections • Area specialisms • Real-time demand • Projected demand • Wages • Education level • Comparative advantages Andy Durman, VP for UK Operations 07720 641651 andyd@economicmodelling.co.uk WWW.ECONOMICMODELLING.CO.UK
Using LMI for skills and career planning Skills Gap = Information Gap Andy Durman, VP for UK Operations 07720 641651 andyd@economicmodelling.co.uk WWW.ECONOMICMODELLING.CO.UK
Using LMI for skills and career planning • A better knowledge of the local economy can help us: • Better understand linkage between courses and employment • Align courses to meet emerging local employment demand • Target relevant employers with appropriate apprenticeships • Offer locally relevant careers advice Andy Durman, VP for UK Operations 07720 641651 andyd@economicmodelling.co.uk WWW.ECONOMICMODELLING.CO.UK
Using LMI for skills and career planning Andy Durman, VP for UK Operations 07720 641651 andyd@economicmodelling.co.uk WWW.ECONOMICMODELLING.CO.UK
Exploring the local labour market • Hampshire • Isle of Wight • Southampton • Portsmouth Andy Durman, VP for UK Operations 07720 641651 andyd@economicmodelling.co.uk WWW.ECONOMICMODELLING.CO.UK
Exploring the local labour market Andy Durman, VP for UK Operations 07720 641651 andyd@economicmodelling.co.uk WWW.ECONOMICMODELLING.CO.UK
Exploring the local labour market Andy Durman, VP for UK Operations 07720 641651 andyd@economicmodelling.co.uk WWW.ECONOMICMODELLING.CO.UK
Exploring the local labour market • Top 3 specialist industries: • Repair and maintenance of ships and boats • Employs 2,207 people in 2013 10 times the national concentration Andy Durman, VP for UK Operations 07720 641651 andyd@economicmodelling.co.uk WWW.ECONOMICMODELLING.CO.UK
Exploring the local labour market • Top 3 specialist industries: • Manufacture of synthetic rubber inprimary forms • Employs 322 people in 2013 9 times the national concentration Andy Durman, VP for UK Operations 07720 641651 andyd@economicmodelling.co.uk WWW.ECONOMICMODELLING.CO.UK
Exploring the local labour market • Top 3 specialist industries: • Sea and coastal passenger water transport • Employs 1,960 people in 2013 8 times the national concentration Andy Durman, VP for UK Operations 07720 641651 andyd@economicmodelling.co.uk WWW.ECONOMICMODELLING.CO.UK
Exploring the local labour market • Top growth industries 2003-2013 Andy Durman, VP for UK Operations 07720 641651 andyd@economicmodelling.co.uk WWW.ECONOMICMODELLING.CO.UK
Exploring the local labour market • Top growth industries 2013-2018 Andy Durman, VP for UK Operations 07720 641651 andyd@economicmodelling.co.uk WWW.ECONOMICMODELLING.CO.UK
Exploring the local labour market • Top growth occupations 2003-2013 Andy Durman, VP for UK Operations 07720 641651 andyd@economicmodelling.co.uk WWW.ECONOMICMODELLING.CO.UK
Exploring the local labour market • Top growth occupations 2013-2018 Andy Durman, VP for UK Operations 07720 641651 andyd@economicmodelling.co.uk WWW.ECONOMICMODELLING.CO.UK
Exploring the local labour market Andy Durman, VP for UK Operations 07720 641651 andyd@economicmodelling.co.uk WWW.ECONOMICMODELLING.CO.UK
Exploring the local labour market • Top level 4+ occupations by openings 2013-18 Andy Durman, VP for UK Operations 07720 641651 andyd@economicmodelling.co.uk WWW.ECONOMICMODELLING.CO.UK
Exploring the local labour market • Top growth occupations: Self employment 2003-2013 Andy Durman, VP for UK Operations 07720 641651 andyd@economicmodelling.co.uk WWW.ECONOMICMODELLING.CO.UK
Summary • Labour market information can help plug the ‘information gap’ to better align the supply of skills to developing employer demand • Efficiency • Value for money from investment • Localised analysis is crucial as national trends do not hold true everywhere • Locally-specific planning • Demand for mid-level and higher level skills continues to grow • A global challenge, not just a British problem! Andy Durman, VP for UK Operations 07720 641651 andyd@economicmodelling.co.uk WWW.ECONOMICMODELLING.CO.UK
Any questions? • Website: www.economicmodelling.co.uk • Blog: www.economicmodelling.co.uk/blog • Andy Durman, Vice President for UK Operations • andyd@economicmodelling.co.uk • 07720 641651 Andy Durman, VP for UK Operations 07720 641651 andyd@economicmodelling.co.uk WWW.ECONOMICMODELLING.CO.UK