Careers Column 4 - Growing Gloucestershire Industries
Growing Gloucestershire Industries
By Steve Weldon, Advice and Guidance Manager
Whether you’re helping a young person consider their career options or thinking about a career change yourself – Labour Market Information (LMI) provides a view on the world of work in a particular area, region or country.
As well as providing data on employment rates, qualification levels and salaries across the workforce, LMI provides an insight into the trends and fluctuations in different sectors – including identifying roles and industries that are likely to be in high demand in future.
Sectors and employers
Gloucestershire has many large employers from a diverse range of industries, some of which have global operations based in the county:
1. GCHQ – Government Communications Head Quarters
2. Campden BRI – food technology research
3. Glaxo Smith-Kline – pharmaceuticals
4. St James’s Place – wealth management
5. Spirax Sarco engineering – advanced manufacturing
6. Mears Group plc – social housing
7. Ecclesiastical Insurance – insurance
8. Messier-Bugatti-Dowty – aircraft landing gear
9. Superdry Plc – fashion retailer
10. Cheltenham Racecourse – events and hospitality
The county has a larger than average manufacturing sector, with a particular focus on advanced engineering and technology, with only the health and care sector having more employees locally.
High level information technology roles are also in demand, in part due to GCHQ’s presence, and leading to an ongoing surge in the requirement for a skilled cybersecurity workforce.
Small and medium-sized enterprises
While the larger organisations may be more recognisable, employers with over 250 staff only account for half of the workforce in the area. In Gloucestershire there are around 300,000 businesses, with 70% of these employing less than five people, and across the UK small and medium sized enterprises (SMEs) employing less than 250 people account for 99% of all private sector businesses.
The vast number of opportunities represented in small businesses in Gloucestershire shows the importance of research into your chosen career area and the value of networking to find your place in the workforce.
Where will the jobs be in the future?
Although not the only consideration, it’s certainly worth understanding the predicted future demand for roles when making decisions on educational options and qualifications.
Projections for employment growth in Gloucestershire show that there will be increased demand for employees in the following sectors in the next 10 years.
These newly created roles will represent good opportunities for many – but there will be nine times as many vacancies available due to replacement demand for current roles where people move on or out of existing positions.
The ‘hourglass’ economy
Across the country, and the county, there are trends showing that job growth is fuelled by positions either requiring highly skilled or low skilled workers – with a reduction in the middle ranking roles.
The UK Commission for Employment and Skills Working Futures research projects that, from 2010 to 2020, there will be an additional 13,000 jobs requiring a first degree, an additional 14,000 jobs requiring an ‘other higher degree’ and a further 2,000 jobs requiring a doctorate. The number of jobs requiring no qualification is projected to fall by 10,000.
Locally the proportion of jobs held by people qualified at a higher level (Level 4 and above) is projected to increase from 38 per cent to 48 per cent between 2012 and 2022. So if you’re looking to enter the skilled workforce then working towards higher level qualifications will prove valuable.
What are employers looking for in their employees?
This underlines the real value that young people can add to employability by taking up any opportunities that provide exposure to the workplace such as work-shadowing or volunteering.
Whichever pathway your child decides to choose, the GC Advice Team is here to help. Email firstname.lastname@example.org or call 0345 155 2020 for independent advice and guidance.