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…
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.
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.
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…
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…
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…
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…
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 is the only OECD Member country, except for Switzerland, to have seen a sustained rise in economic inactivity since the start of the…
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…
The start of the New Year brings new opportunities and challenges. For individuals and our national economy, it is a crucial time to focus on…
Distilling practitioners’ expertise from this year’s ERSA Conference, CEO Elizabeth Taylor reflects on the sector’s skill in helping people tread the right path toward work.…
Employment, unemployment and economic inactivity all broadly stable, but short-term unemployment and redundancies are highest this year while vacancies starting to fall. With still more…
Please confirm you want to block this member.
You will no longer be able to:
Please allow a few minutes for this process to complete.