Opportunities to Work in Scotland What’s happening in Scotland?

1. Opportunities to Work in ScotlandWhat’s happening in Scotland? Iain Duff, Chief Economist, SCDI

2. SCDI • Independent economic development organisation • Broad membership including universities • Prepares policy papers, briefings, submissions, holds events/conferences and provides information

3. Initial Points 1 • High level of education, skills and training crucial to improved performance • Need a high quality workforce • Top priority for SCDI members

4. Initial Points 2 • Ability to adapt to fast changing circumstances • Flexibility of occupation • Analytical and creative skills required

5. Summary Structure of the Scottish Economy Proportion of GDP Services 74% Manufacturing 14% Construction 7% Primary 1.6%

6. Key Areas of Main Sectors Proportion of GVA Services: Hotels & Catering 15.3% Business Services 19.3% Finance Services 8.3% Public Admin, Educ. & Health 23% Manufacturing: Engineering 4.2% of which Electronics 2.1% Food & Drink 3.2%

7. Economic Data Scotland GDP Growth Q2 2008 +0.1% Construction -0.4% Services +0.1% Financial services -1% Manufacturing +0.7% Engineering +1.9%

8. Economic ForecastsSource: Fraser of Allander Institute Economic Commentary Vol 32 No.2 Scottish GDP Growth 2008 +0.7% 2009 -1.1% 2010 +0.7% 2011 +1.2% 2012 +1.5%

9. Other Data CPI Inflation 4.5% Interest rates 3% Employment (‘000s) 2,551 Unemployment (‘000s) 126 Claimant Count 3.1%

10. Job ForecastsSource: 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

11. What Employers Want 1 • Still need to recruit • Employees that can problem solve, ability to learn • Maturity • Readiness for work

12. 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

13. Conclusion Good luck!