Opportunities to Work in Opportunities to Work in ScotlandScotland

What’s happening in What’s happening in Scotland?Scotland?

Iain Duff, Chief Economist, Iain Duff, Chief Economist, SCDISCDI

SCDISCDI

Independent economic Independent economic development organisationdevelopment organisation

Broad membership including Broad membership including universitiesuniversities

Prepares policy papers, briefings, Prepares policy papers, briefings, submissions, holds submissions, holds events/conferences and provides events/conferences and provides informationinformation

Initial Points 1Initial Points 1

High level of education, skills High level of education, skills and training crucial to and training crucial to improved performanceimproved performance

Need a high quality workforceNeed a high quality workforce

Top priority for SCDI membersTop priority for SCDI members

Initial Points 2Initial Points 2

Ability to adapt to fast Ability to adapt to fast changing circumstanceschanging circumstances

Flexibility of occupationFlexibility of occupation

Analytical and creative skills Analytical and creative skills requiredrequired

Summary Structure of Summary Structure of the Scottish Economythe Scottish Economy

Proportion of GDPProportion of GDP

ServicesServices 74%74%

ManufacturingManufacturing 14%14%

ConstructionConstruction 7% 7%

PrimaryPrimary 1.6% 1.6%

Key Areas of Main Key Areas of Main SectorsSectors

Proportion of GVAProportion of GVAServices:Services:

Hotels & CateringHotels & Catering 15.3%15.3%Business ServicesBusiness Services 19.3%19.3%Finance Services Finance Services 8.3% 8.3%Public Admin, Educ. & HealthPublic Admin, Educ. & Health 23%23%

Manufacturing:Manufacturing:

EngineeringEngineering 4.2% 4.2% of which Electronics 2.1%of which Electronics 2.1%

Food & DrinkFood & Drink 3.2% 3.2%

Economic DataEconomic Data

ScotlandScotlandGDP Growth Q2 2008GDP Growth Q2 2008 +0.1% +0.1%

ConstructionConstruction -0.4% -0.4%

ServicesServices +0.1% +0.1%Financial servicesFinancial services -1% -1%

ManufacturingManufacturing +0.7% +0.7%Engineering Engineering +1.9% +1.9%

Economic Economic ForecastsForecastsSource: Fraser of Allander Institute Economic Commentary Vol 32 No.2

Scottish GDP GrowthScottish GDP Growth

20082008 +0.7%+0.7%

20092009 -1.1% -1.1%

20102010 +0.7%+0.7%

20112011 +1.2%+1.2%

20122012 +1.5%+1.5%

Other DataOther Data

CPI InflationCPI Inflation 4.5%4.5%

Interest ratesInterest rates 3%3%

Employment (‘000s)Employment (‘000s) 2,5512,551

Unemployment (‘000s)Unemployment (‘000s) 126126

Claimant CountClaimant Count 3.1%3.1%

Job ForecastsJob ForecastsSource: Fraser of Allander Institute Economic Commentary Vol 32 No.2

20082008 -4,230-4,230

20092009 -37,244-37,244

20102010 -11,638-11,638

20112011 +14,222+14,222

20122012 +23,605+23,605

What Employers Want What Employers Want 11 Still need to recruitStill need to recruit

Employees that can problem Employees that can problem solve, ability to learnsolve, ability to learn

MaturityMaturity

Readiness for workReadiness for work

What Employers Want What Employers Want 22 Complementary skills to degree Complementary skills to degree

discipline – “Soft Skills”discipline – “Soft Skills” CommunicationCommunication Team WorkTeam Work Literacy and NumeracyLiteracy and Numeracy Commercial Commercial

Acumen/Entrepreneurial AttitudeAcumen/Entrepreneurial Attitude Appreciation of risk managementAppreciation of risk management Sales and marketingSales and marketing

ConclusionConclusion

Good luck!Good luck!