Graduate Labour Market Information
A knowledge of the labour market can help you answer questions such as:
- What jobs are out there?
- Who are the main employers in your field?
- What jobs are likely to be on the increase and where are they?
- Which areas of work are easier to get into?
- What skills do you need for now and the future?
Understanding what is going on with jobs and employers is called labour market information or intelligence.
The labour market is constantly changing and evolving as a wide range of factors can have an effect on each industry and town or city, such as:
- new technologies (for example the automation of tasks)
- infrastructure (e.g. the HS2 rail link)
- politics and government policies (such as the UK leaving the EU)
- the ageing population (creating opportunities in care, plus the need for replacement of retiring workers)
- skills shortages in certain roles.
Also bear in mind that some industries are quite localised to a certain region, for example many banking and finance organisations have centres in London or Leeds.
Researching the industry you are interested in and being realistic about whether you are prepared to travel and relocate for work can help to focus in on suitable employers for your graduate career.
Below is more information about employment in the Bradford and the Leeds City region, plus further reading on researching the labour market to help with your career plans.
As a graduate you have two main options:
Graduate training schemes: where organisations specifically recruit graduates straight from university, and recruitment usually begins in the autumn term of your final year. Graduate schemes typically offer a structured career path, training and development and a good starting salary. These are highly competitive and can have a rigorous application process, including assessment centres and selection tests. Many graduate schemes require you to be prepared to move around the country (or even internationally) to experience different parts of the organisation as part of your training.
Direct job entry: graduate jobs require a degree from the start, either because the degree gives you the specific knowledge and qualifications to perform the role, or because employers value the skills and experience gained from a university education. You will be expected to learn on the job, and there may be less formal training than with a graduate scheme. These roles are generally widely advertised on job sites and in the press, usually with a timescale of around four weeks, and are not restricted to recent graduates. The starting salary may be lower than with a graduate scheme, but it is likely it will rise as you progress and gain experience.
Graduate schemes are more popular in certain industries, such as engineering and finance - a quick online search will give you an idea of what programmes are available in your subject area.
Bradford is one city covering four towns - Shipley, Keighley, Bingley and Bradford. Within the four towns are 70 neighbourhoods and over half a million people. There are 15,000 businesses and an economy worth £8.3 billion, which is the 11th largest in the UK. Bradford is placed fifth for manufacturing and has branded itself the Producer City.
Morrisons also employ around 5000 people in Bradford, including at its headquarters in Thornbury.
The largest single sector is retail which employs 1 in 10 workers, and the opening of the Broadway retail and leisure development in November 2015 has added an estimated 2500 jobs in this area.
Here's an overview of the Bradford District Labour Market.
Note: The bigger the employer, the more opportunities on offer and increased chances that a job might come up.
Key companies in Bradford
Some key companies in Bradford district include:
- Yorkshire Building Society
- Gordons LLP
- Kelda Water
- Provident Finance Group
- Ecology Building Society
- JCT 600
- NG Bailey
Many of these companies have offered job opportunities for Bradford graduates so are well worth investigating.
There are also some smaller Bradford-based companies that are worth considering, including:
- Radio design based in Shipley, they were nominated for a Queens award for engineering innovation in 2011.
- Emerald leading independent publishers of global research based in Bingley and with offices worldwide.
- Webanywhere based in Keighley and with over 100 employees based in the USA and Poland.
- Knightsbridge Furniture
- Klinger sealing products for oil, gas, chemical industries
- Optima Legal
- Seabrook Crisps
Remember, most graduates wanting to work in Bradford will follow the direct job entry route and work their way up, so you should also consider small and medium sized companies.
Leeds City Region
Information about Leeds City Region (reproduced with the kind permission of Leeds City Region Enterprise Partnership):
|Construction||Quick facts||Sector overview|
|Digital and creative||Quick facts||Sector overview|
|Finance and business||Quick facts||Sector overview|
|Food and drink||Quick facts||Sector overview|
|Health and social care||Quick facts||Sector overview|
|Health and life sciences||Quick facts||Pending|
|Hospitality and tourism||Quick facts||Sector overview|
|Logistics and transport||Quick facts||Sector overview|
|Low carbon||Quick facts||Sector overview|
|Advanced Manufacturing||Quick facts||Sector overview|
Case studies from the Leeds City Region Enterprise Partnership.
Finding out more
Below are some links to further information about the labour market, both locally and nationally:
Bradford and the region
- Bradford District Labour Market (Bradford Council).
- Invest in Bradford for attracting new businesses to Bradford plus some really useful local labour market information.
- Yorkshire Graduates career sector information.
- Bradford Chamber of Commerce lots of local information but some is only available to members.
- Bradford Graduates (Unistats - information on employment outcomes for graduates).
The national picture
- Prospects has useful information on specific job roles.
- The Job Crowd have a breakdown of graduate careers by sector, with information on employers, job reviews, salary expectations and more.
- See HECSU's research into graduate careers.
- What Do Graduates Do? 2016: a comprehensive report on graduate destinations.
- The Office of National Statistics (ONS) is responsible for the production of a wide range of economic and social statistics. Whilst this type of information is useful, it can be difficult to wade through sites such as this to obtain information that is pertinent to one particular person.
- The Federation for Industry Skills and Standards is a good starting point as a gateway to the 18 Sector Skills Councils in the UK who cover a wide range of occupations.
- Warwick University's Institute for Employment Research break down future trends by sector.
- icould provides a useful breakdown of labour market information by UK region.
- See also our related information about gaining and demonstrating commercial awareness - skills and knowledge that can help you identify suitable jobs, assist you during the application process and inform your decision making in the role itself.