Labour Market Information
The labour market in theTees Valley area for young adults has been difficult, particularly since 2009. However, there is now a more optimistic view of the economy and employers are seeking to recruit.
Tees Valley’s key sectors have historically been in heavy industry, with hundreds of years of established infrastructure and expertise in advanced manufacturing and engineering, offshore oil and gas, logistics and chemicals and process industries.
The region’s experience in these sectors make the area the obvious choice for companies looking to invest here as the infrastructure, supply chain support and skills are already established to allow new and expanding business to easily set up and grow.
Tees Valley is also investing heavily in emerging sectors, with heavy focus on the healthcare and life sciences, digital and creative, energy and renewable, and professional business services sectors. These sectors are key to the economic development of the area and are all seeing growth and significant investment. (www.teesvalley-ca.gov.uk)
Tees Valley faces the same skills issues as the rest of the UK, and has an ageing workforce. Many people with key skills will be due to retire so it is important that these skills are not lost and passed on to the emerging workforce. Employers need to know that they can replace the skills they are going to lose. There may be as many as 114,000 people currently employed who will need to be replaced before 2024 and a further 20,000 newly created posts meaning there will be plenty of opportunities for those people with the right skills. However over half of all of these jobs will require a Level 4 qualification. In 2016 there was a high demand in the Tees Valley for Teachers, nurses, carers, midwives, IT and sales and marketing.
There is also a growing emphasis on STEM subjects (Science, Technology, Engineering and Mathematics) in schools, with Tees Valley employers requiring more young people with these skills.
With large local employers such as Nissan, Grunfos and Liebherr growing and seeking to localise their supply chains, the establishment of a major plant for train manufacture by Hitatchi in the south of the region developing, there is a growing need for more qualified experts.
The demographics of the labour market in these sectors means that a significant percentage of the skilled engineering workforce is set to retire in the next decade and so must be replaced. This opens up possibilities for engineering apprenticeships, Level 3 qualified engineers as well as graduates and postgraduate engineers in the coming years.
Jobs within STEM are already showing signs of increasing with predictions of over 28,000 new jobs by 2024. This sector also includes legal and financial jobs.
Over the next five years there will also be a requirement for more health professionals, such as nurses, doctors, dentists and pharmacists. With the development of the National Biologics Manufacturing Centre Centre in the Tees Valley this will boost the need further. 26,000 net jobs are projected for the sector between 2014 and 2024.
Employers in Tees Valley are currently experiencing difficulties in recruiting to some skilled roles, such as IT programmers, joiners, machine operatives and welders. This means that our young people currently deciding upon a career pathway can choose from this list to be almost certain of employment. The significant growth in the creative and digital sector in the Tees Valley is supported by Teesside University being placed within the top 20 in the world for Amination.
There are over 1,800 Construction firms within the Tees Valley. It is projected that more than 10,000 net jobs will be created by 2224 with 6,000 of these being skilled trades.
Although we cannot know for certain where the jobs of the future will be, the employment opportunities within Tees Valley are predicted to be growing within science related industries over the coming years. The type of future job roles available may include:
Hybrid and low emission cars
Energy efficient products
New fuels, such as bio-fuels, Wind farms and Solar Panels
Digital health care and assistive technology
Generally the labour market for the region is likely to improve over coming years but it is clear that this will benefit most those with appropriate skills, training and qualifications.Labour Market Posters