Are you a graduate or thinking of entering a career that requires a degree?
With the ever-increasing number of young people going on to study at university level you’d think the number of jobs available would eventually start to run out. Although this may be the case for some professional areas, for others, there still seems to be massive shortages.
“Employers reported just under 309,000 vacancies in 169 different professional occupations”
What are the shortages?
In the report (concerning graduate demand), AN INSIGHT INTO OCCUPATIONAL SHORTAGES IN THE UK LABOUR MARKET by Charlie Ball and which was jointly commissioned by Prospects and the Association of Graduate Careers Advisory Services (AGCAS) looks at the state of the graduate labour market in the UK (Dec 2019). Why is this type of information useful? Because it can influence what would be graduates go onto to follow in the future.
In the report, it states there were 309,000 vacancies categorised as being at graduate level. These were across 169 different employment sectors of this number 79,000 were deemed hard to fill. Some of the main shortage areas were nursing (top shortage), HR officers, business sales and marketing professionals and IT/Computing experts.
Where are they?
Some of these occupations won’t come as a major surprise to anyone. The shortage of nurses has been well documented in the news recently, as too for IT and computing professionals. But marketing executives and welfare and housing officers are not careers that generally spring to mind.
Also, there are huge variations across the regions and nations. For example, the East Midlands has a relatively short list of shortages. In contrast, the East region has one of the longest. And to complicate things further, the impact of these skills shortages does not seem to have the same effect on business and organisations equally. It seems smaller employers are disproportionately more affected than their larger peers.
How can we help?
As stated earlier on in this news brief, knowing how the labour market is doing can influence what people go onto study. This, of course, makes sense. But it’s also important to understand that the drivers that make for successful study, e.g. interest, motivation, passion for the area etc. must also be taken into consideration.
That’s where Career Fancy can help by supporting you in making the right career choice. We can help you determine how your strengths, personal tastes and present circumstances all affect what could be the most appropriate career options for you. See more about how we can help here.