From Academia to EdTech: The Path to an Equitable Education in the Digital Age
Marni Baker Stein recently made the transition from academia to edtech. In this article, she shares her reasons for making the move, tips to improve…
labour market
Labour Market Information (LMI) is information about what is happening in a labour market. LMI tends to focus on the industries that are growing and declining, the types and levels of jobs are increasing and decreasing and what supply of labour is available – numbers, skill and qualification levels.
Definition: A labour market is the place where workers and employees interact with each other. In this market, employers compete to hire the best, and the workers compete for the best satisfying job.
Every month, ONS releases information and statistics about the labour market.
Recruitment intentions are above pre-pandemic levels and appear to be on an upward trajectory. Almost three-quarters (74%) of employers say they are planning to take on new staff in the next three months. But as expected, recruitment difficulties remain, with 45% saying they have hard-to-fill vacancies.
The most popular response to hiring difficulties has been to raise pay (44%). But employers may be reaching a limit on how much further they can go on pay: only 27% anticipate raising pay in future to address hard-to-fill vacancies. Encouragingly, employers are also looking to other means to tackle staffing challenges: 39% have focused on upskilling more existing staff and 38% have advertised more jobs as flexible. These are vital factors in improving job quality and will be increasingly important for employers as they wrestle with recruitment as well as retention.
FE Soundbite Edition 687: Updates on Ofsted, LGBT+ Inclusion, Teacher Labour Market, and EDI
Welcome to Soundbite Edition 687! This is the weekly e-newsletter and e-journal brought to you by FE News: ISSN 2732-4095. We know life is busy, so here…
March 2023 Labour market Statistics- Sector Response
New ONS Labour Market figures show real wages are down by 3.5% and public sector pay has fallen by 5.1%. Main Points: The UK employment…
Why training is key to solving the labour shortage crisis
Ahead of the budget on Wednesday, Robert West, Head of Education and Skills at the CBI (Confederation of British Industry) explains how reforming the Apprenticeship…
THE PRINCIPLES OF THE LABOUR MARKET HAVE FOREVER CHANGED POST PANDEMIC
After a year of labour market shortages post pandemic, the CBI is arguing that business and the government need to stop fighting the same old…
Why is the foundation year underrated?
In this article, Dr Lucy Atkinson outlines how the foundation year opens doors to the disadvantaged. Foundation years are subject to frequent debate. But during…
2022 was the worst year for real wage growth since current records began: Labour Market Sector Response
Today’s (Tuesday) labour market figures, shows that real wage growth fell by 3.4% in 2022 – the worst annual drop since current records began in…
Could some students have better earning return studying at an FE college instead of university?
Social Mobility Commission calls for central information hub on labour market returns for HE and FE A new report out today by the Social Mobility…
The UK’s Shrinking Workforce
The UK is the only OECD Member country, except for Switzerland, to have seen a sustained rise in economic inactivity since the start of the…
Cooling labour market suggests further job losses on the way, as youth unemployment approaches 10 per cent
A cooling labour market, with vacancies falling and youth unemployment rising to 9.8 per cent, suggest that further job losses could soon be on the…
