Understanding Hertfordshire Labour Market Barbara Rumble Employment and Progression Manager

Overview Highlights from Education and Employers seminar - The implications of labour market change for schools and colleges by Dr Anthony Mann, Director of Policy and Research at Education and Employers (in grey boxes) Local sources of LMI including What Work, Hertfordshire Infographic, Youth Connexions website

Why is LMI important? No generation of young people have ever gone into work more highly qualified and with more years of education under their belts. And yet, over the last generation, young people have increasingly struggled in the labour market. The ratio of youth to adult unemployment worsening in the UK Young people’s earnings falling behind It is not just the least qualified who suffer but they suffer the most.

The fact that growing numbers of young people are getting off to a poor start in their working lives matter more than ever because…..the evidence of scarring is compelling – episodes of youth unemployment depress future earnings. …long term young unemployed face higher risk of mental illness Why is LMI important to young people?

What do employers think of young people? But… those employers who do employ young people think they have been well prepared by education. And what schools do matters more than ever One chance at higher education Funded training to 19 Young people are less likely to receive training in work than in past…

Three key implications for schools/colleges. demanding improved careers guidance enriched by first-hand employer contacts We need to recognise the importance of access to good information about what that labour market actually wants and demands in order for properly informed decision making to take place 1.The labour market has become more complex

2.School to work transitions have become more fractured requiring schools to improve recruitment skills including helping young people identify the skills they are learning develop resilience of young people - we are in the era of portfolio careers, zero hour contracts, part-time and self- employment, employment growth in small, rather than large employers. These are all trends which demand adeptness and confidence from young people if they are to navigate successfully through choppy waters into rewarding and secure careers.

3.‘Good’ employers are more demanding asking not just for knowledge itself, but the ability to apply knowledge effectively Schools must stop trying to predict the future, but they should try to prepare young people for the change they will experience in fostering the ability of young people to apply the knowledge they have accumulated in new situations

Where to find Information about the complex labour market Hertfordshire Infographic – Hertfordshire and individual school data What Work Hertfordshire – Occupational sector data Youth Connexions website – recruitment tools and instant information about opportunities UKCES Careers of the Future – predictions of growth sectors and occupations

Hertfordshire Infographic

Hertfordshire jobs

30.6% of Hertfordshire working residents commute to jobs outside the county ( 20.7% to jobs in London) 2011 Census – Office for National Statistics Hertfordshire has one of the highest employment rates in England – 77.7% compared to the national average of 71.9% Hertfordshire LEP – Herts Skills & Labour Market Review 2014 Hertfordshire employment

Level 2 or above 78.7% Level 3 or above 63.4% Level 4 or above 43.5% Predicted % change in qualifications required for UK workplace jobs between 2012 and 2022

Science & technology Engineering & manufacturing Film & media Financial & business services High-end logistics Sports, leisure & tourism Hertfordshire LEP- Skills Strategy to 2017 Predicted growth areas for the future in Hertfordshire Did you know… Nationally 71% of employed graduates remain close to their home region for work. HECSU – Graduate Market Trends February 2015

What Work Hertfordshire National Careers Service publication 3 copies sent to schools Schools can order extra copies for students Supporting lesson plans available Providing accurate information on the labour market to enable informed decisions to be made

For each key sector in Hertfordshire

Careers of the Future Contains a full list of 100 jobs all highlighted as Careers of the Future, and casts a spotlight on 12 roles across a range of sectors, giving an outline of the job, what the work entails, key statistics which may be helpful in making career decisions, and details on various entry routes in to the job. Greatest job openings (predicted)… Nurses, cleaners, care workers, teachers and sales eers-of-the-future

Summary – preparing young people? Young people need: to be informed so they are able to make realistic decisions in a complex labour market the skills to navigate their own ‘portfolio career’ due to fractured transitions from education to be able to apply their knowledge and skills and instantly problem solve to meet the needs of demanding employers