WHAT IS GOOD LMI?

1. WHAT IS GOOD LMI? SCOTTISH LMI FRAMEWORK LAUNCH EVENT Friday 9th March 2012

2. WHAT I WANT TO TALK ABOUT • Today we are all here for launch of Scottish LMI Framework • My aim is to talk about why LMI is important – but from a practical point of view • In broad terms, my experience of LMI is that • There is far too much of it • Only a small proportion of it finds a practical outlet • When you need some specific LMI, 9 times out of 10 it doesn't exist!

3. WHAT YOU SAY YOU NEED • Highlands and Islands Enterprise • Robust, timely and accessible sub-Scotland level data • Sectoral LMI (including Gaelic related) • Scottish Funding Council • Sufficient robust info about labour supply and projected demand in wider region served by colleges and universities • Above broken down by sector • Scottish Qualifications Authority • Current and forecast skill gaps and skill shortages across all sectors • Sector Skills Councils • Sub-Scotland level LMI • LMI projections

4. WHAT YOU SAY YOU NEED (CONT) • Skills Development Scotland • Labour market projections (or forecasts) • Comprehensive vacancy information • Sub-Scotland sectoral information • Localised LMI • Typical pattern • You want detail (local, specific sectors, etc) • You want to know about future • Both of these carry danger of extreme unreliability! LMI is really quite exciting!! • Detail also costs, unless from existing datasets designed for other purposes (e.g. vacancy notification)

5. WHO NEEDS WHAT? • Learners and Jobseekers – and their advisers • Prospects for specific careers – or even jobs • How to enter specific careers or jobs • Employers • Current and prospective general labour supply • Current and prospective supply of key skills • Measured over extensive travel to work areas for inward investors and/or large employers • Learning and training providers • Current and prospective skill demands of employers, but this needs to be detailed as well as general • Prospects for specific careers – or even jobs • How to enter and sustain careers or jobs - detail important here

6. WHO NEEDS WHAT? (CONT) • Funders of training • Current and prospective demand for skills at regional and broad sectoral levels • Current and prospective skill shortages • Current and prospective skill gaps/deficits • Job entry, sustainability and skills utilisation by type of training • Governments and their agencies • LMI that highlights skill demands in key sectors • LMI that guides skills investments to maximise sustainable employment growth

7. FINAL THOUGHTS • Need to get much better at generating current LMI before spending a lot on projections • Need to nail down regional LMI before worrying about local • Need to demonstrate that LMI is getting used – and if not, come up with appropriate response