Clare FosterHead CEIAG

Making Your Choices5th March 2013

What You Need to Know to Make Your Choices

• Changes in the NI economy.

• Future employment opportunities

• Skills employers want.

• Where can you access information?

• Working together to meet the challenge.

Programme for Government

Priority No 1: Growing the Economy

Increase Exports

Invest in Innovation & R&D

Invest in Skills

Increase Job Numbers and Job Quality

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

Challenges – but opportunities too

• Local economic conditions remain challenging

• But real opportunities for growth if we can succeed in export markets

• Some very clear messages about current and future skill needs.

• Important that Labour Market Information harnessed and used to help people shape career decisions

• But other factors important too including employer engagement/ Career attractiveness agenda

• Having the right skills and qualifications in the right areas is critical to drive future success

Where will the Future Employment Opportunities be?

Some of our Recent Investors

Other Key Sectors....

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

AgrifoodLife & Health SciencesTourism/LeisureNew emphasis on languages (Global market

place)

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 employers want

Highly skilled and well educated people is consistently cited as the most important reason for international investment in NI

Skills Shortages

• Skills 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

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

Where can I Access Information to Help in the Decision Making Process?

www.nidirect.gov.uk/careers

Working together to meet the challenge

Align Interests

Ambition

Awareness