institute for employment studies

publications by IES authors

Professional and Financial Services Cluster Report

Sissons P, Levesley T

Research Report, Skills for Justice, March 2010
ISBN: (no ISBN), pp. 43
PDF Download only: £free

Tweet

a report researched by IES

This report examines skills needs within the Professional and Financial Services (PFS) Cluster. The PFS Cluster was highlighted in the Government White paper New Industry, New Jobs as an area where the UK has a competitive advantage and which offers the potential for growth across global markets. The cluster represents a group of industry strands contained within five Sector Skills Councils.

The report has been produced using a combination of desk-based research and a skills foresighting exercise. Desk-based research has been used to detail the current drivers of change in the cluster and the current skills needs. A consultation exercise was then carried out with a small number of employers, as well as stakeholders for example professional bodies, from across the cluster. This exercise aimed to validate the cluster by exploring its important supply-chain links, labour market commonalities, and geography. It also explored the future drivers of change in the cluster and the skills implications of these.

The report finds that the cluster incorporates a diverse group of professional strands, but that there is a relatively strong commonality across the cluster around the extent to which firms compete for the same top graduate talent. There are also strong inter-dependencies between some cluster strands, however this is not universally true and some strands which are contained within the cluster are more peripheral.

This item is not published by IES. Availability:

Download from Skills for Justice:
[open in new window]

 Download a PDF of this item from the IES website (881.1 Kb)

 read summary    view basket

back