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Opportunities to Work in Scotland What’s happening in Scotland? Iain Duff, Chief Economist, SCDI SCDI Independent economic development organisation Broad membership including universities Prepares policy papers, briefings, submissions, holds events/conferences and provides information Initial Points 1 High level of education, skills and training crucial to improved performance Need a high quality workforce Top priority for SCDI members Initial Points 2 Ability to adapt to fast changing circumstances Flexibility of occupation Analytical and creative skills required Summary Structure of the Scottish Economy Proportion of GDP Services 74% Manufacturing 14% Construction 7% Primary 1.6% Key Areas of Main Sectors Proportion of GVA Services: Hotels & Catering Business Services Finance Services Public Admin, Educ. & Health 15.3% 19.3% 8.3% 23% Manufacturing: Engineering 4.2% of which Electronics Food & Drink 2.1% 3.2% Economic Data GDP Growth Q2 2008 Scotland +0.1% Construction -0.4% Services +0.1% Financial services Manufacturing Engineering -1% +0.7% +1.9% Economic Forecasts Source: Fraser of Allander Institute Economic Commentary Vol 32 No.2 Scottish GDP Growth 2008 +0.7% 2009 -1.1% 2010 +0.7% 2011 2012 +1.2% +1.5% Other Data CPI Inflation 4.5% Interest rates 3% Employment (‘000s) 2,551 Unemployment (‘000s) 126 Claimant Count 3.1% Job Forecasts Source: Fraser of Allander Institute Economic Commentary Vol 32 No.2 2008 -4,230 2009 -37,244 2010 -11,638 2011 +14,222 2012 +23,605 What Employers Want 1 Still need to recruit Employees that can problem solve, ability to learn Maturity Readiness for work What Employers Want 2 Complementary skills to degree discipline – “Soft Skills” Communication Team Work Literacy and Numeracy Commercial Acumen/Entrepreneurial Attitude Appreciation of risk management Sales and marketing Conclusion Good luck!