#FutureofJobs Brexit and

Transcription

1 #FutureofJobs Brexit and

2 The future of jobs - Brexit and beyond 1. What are the latest labour market trends? 2. What does Brexit mean for hiring strategies and business growth? 3. What do we want a future UK jobs market to look like? 4. How can we best prepare & what s the deal for employability?

3 1. What are the latest labour market trends?

4 What s the latest? Demand for staff increases at fastest rate since April 2015 Candidate availability declines at quicker pace, pushing pay rates higher Staff vacancies rise at quickest rate for 28 months. Growth of demand for staff reached its highest since April Growth of placements strongest in the Midlands and North of England. London showed slowest rate of growth. The steepest increase in vacancies was seen in IT and Accounting/Financial. Top positions in the temporary/contract staff demand rankings were Blue Collar. Engineering and Nursing/Medical/Care.

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7 Making our case

8 What s the short-term outlook? Employer confidence in the UK economy has dropped to lowest level since the referendum 33% believe economic conditions are getting worse. BUT confidence in hiring and investment decisions remains positive. One in five (19%) employers plan to increase permanent headcount in the next quarter. Six in ten (59%) say that agency workers are important to responding to growth but more than a third (36%) expect to find a shortage of temporary agency workers to meet their needs.

9 2. What does Brexit mean for hiring strategies and business growth?

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11 Case studies

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13 The inclusive recruitment agenda Employers are driving activity around gender equality, race, older workers and disability Aim is to feed into the government s priorities around opportunities for all and social mobility Makes our immigration argument stronger!

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16 3. What do we want a future UK jobs market to look like?

17 Future of Jobs Commission Strand One: Brand UK what is the aspirational vision of the future world of work in 5-7 years time? Strand Two: The individual - what will this mean for the individual worker (their happiness, well-being, social mobility)? Strand Three: Businesses - what will this mean for workforce planning and hiring? Strand Four: Government what role should government play in the future world of work?

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19 We need to focus on progression opportunities

20 Fail to prepare Changing demographics, technology, talent shortages, new business models and changing employee expectations will disrupt the current jobs market. Employers need to prepare for the changes ahead and be proactive in helping to shape a successful post- EU jobs market.

21 Employer perspectives A future UK jobs market should be one where: Skills and staffing needs are met, boosting growth and productivity Enhanced recruitment procedures and workforce planning are in place across UK plc Inclusion is the norm, and is reflected across senior levels as well as in pay Employers are building from within and nurturing enhanced and diverse leaders More employers are working with local schools and colleges as future of jobs ambassadors

22 Feedback from recent events As universities become more commercial, this will impact on the skills and competencies we need to attract In the future, we will need to be proactive in promoting the UK as a good place to live and work. We need a strong brand to compete with other countries.

23 Feedback from recent events Retail has a significant people challenge. Over 50 percent of people have a negative perception of jobs in the sector. At the same time we are seeing a big reduction in the number of shops " Helen Dickinson OBE, Chief Executive, British Retail Consortium

24 Feedback from recent events It is not just about numbers. We need a qualitative focus on the jobs market". The way forward is not necessarily just around regulations, it is about good corporate governance and transparency" Matthew Taylor, Chief Executive, RSA

25 4. How can we best prepare & what s the deal for employability?

26 What does this mean for employability? Your views: What do you see as the biggest challenge over next 7 years? What will recruitment procedures and criteria look like in 2025? What is government s role? What is your take on the impact of AI and automation?

27 Next steps and launch Report Launch Thursday 19 th October (12:30pm 6:15pm)

28 Onwards

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30 It s about people.

31 Thank you