Clare FosterHead CEIAG

Labour Market Information

The Northern Ireland Context

• Changes in the NI economy.

• Where will the future employment opportunities

be?

• Skills employers want.

• Working together to meet the challenge.

Some of our Investors in NI

Where will the Future Employment Opportunities be?

Other Key Sectors....

Advanced Materials and Engineering(aerospace, electrical, electronics, automotive, renewables)

AgrifoodLife & Health SciencesTourismSocial Care

Jobs Areas

501 IT Development, Back Office Admin, LPO - Legal

106 Marketing

317 HR, Finance, LPO - Legal

359 FS IT Development, Service Delivery, Project Management

90 FS IT Development, Project Management

242 R&D Product Development, Sales, Marketing

45 HR Consulting, Risk and Actuarial – Pensions management

50 IT Development

104 IT Development, Product development, Engineering

85 IT Development, Project Management

297 Call Centre, Customer service and Management

109 IT Development, Product development, Sales

130 R&D Product Development, Engineering

102 Legal

Recent Projects

In the last 10 years 78% of new FDI jobs have been in business & financial services and software

Skills PressuresSkills Gaps/Skills Shortages exist in NI • Employers in range of engineering disciplines

(electrical, chemical) have cited difficulties in securing staff in NI

• Estimated that there are 400 unfilled software development vacancies in NI

• Employers want modern language graduates to enable them to expand export markets

Skills Pressures

• War on Talent....worldwide demand for software engineers

• Not just academic ability – employability skills (interpersonal/ communication etc) are vital

• Yet, there is a large oversupply in other areas (Law, Teaching, areas allied to Medicine)

Young people have been particularly affected by the downturn

0

50

100

150

200

250

300

Jan

-07

Ma

y-0

7

Se

p-0

7

Jan

-08

Ma

y-0

8

Se

p-0

8

Jan

-09

Ma

y-0

9

Se

p-0

9

Jan

-10

Ma

y-1

0

Se

p-1

0

Jan

-11

Ma

y-1

1

Se

p-1

1

Jan

-12

%

NI

UK

Young People

Increase in Youth Unemployment

Since beginning of downturn

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

18.0

Young People Overall

%

Unemployment Rates in Northern Ireland (March

2012)

NI better off than a decade ago – but it will still take time to recover fully

550

600

650

700

750

800

850

900

950

1981 1986 1991 1996 2001 2006 2011 2016 2021

000s

NI: Total employment (job-based)

Source: DETI, LFS, Oxford Economics

Forecast

Return to peak employment

2017

Future Prospects

What Next?•Choose subjects where you have natural talent and ability and keep an eye on the labour market to see where these subjects could lead•Get involved in enrichment activities both inside and outside school•Prepare well for the guidance interview with Careers Service NI•Set realistic career goals based on self awareness and career exploration

Working together to meet the challenge