iED Series | Paralysis by Analysis: the impact of labour market complexity

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Local labour markets up and down the country are struggling to produce the skills their employers need to grow their businesses. According to a 2018 study by City and Guilds this is something that nine out of ten employers struggle with.

Why is this? The answer is of course, complex and multi-faceted. However, one of the root causes is labour market complexity. A Careers and Enterprise Company report, ‘Moments of Choice’ says, “Young people are not engaged in thinking about different career options because it appears too difficult. They are confronted with lots of information and little way to make sense of it.”

In the local labour market, choice is most certainly a good thing but it can come with an unintended consequence – complexity! This complexity results in inactivity to the detriment of local economies. Are you trying to reduce this complexity by making it easier for citizens and businesses to navigate local services? There has been a rise in one-stop-shop services in town centres and we are now seeing a rise in the number of digital one-stop-shop services.

Small Steps – Big Results

How can we make sure employers have access to the skills they need? How do we make it easier for people to choose pathways that result in those skills? It is easier said than done but small incremental improvements made to reduce the complexity faced by citizens will result in people feeling empowered to make decisions that will help develop the skills your local economy needs.

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