Business services are about the administration and other activates for making the exchange of products and services possible. Retail is the sale of goods in shops and online.

There are over 81,000 employed in this sector in the Humber accounting for 23.8% of employment

Did you know?

  • There are 30,000 businesses in this sector in the Humber region creating about 360,000 jobs
  • The Gross Value Added (GVA) of this sector is expected to grow by 20% by 2020
  • In the Humber Sub Region, 82% of retailers employ fewer than 10 people
  • 58% of the retail workforce is female
  •  A third of retail staff are aged under 25 years
  • Finance and business services have an ageing workforce and employers are keen to encourage young people into the industry
  • Automation is increasing on this sector due to technological advances; therefore there will be fewer ;lower and unskilled jobs in the future
  • There are a variety of jobs in is this sector covering over 600 occupations
  • Employers are looking for people with good communication and IT skills
  • Employers are looking for employability skills such as communication, team working as well as formal qualifications

 

Will there be opportunities available?

  • The increased focus on Northern cities, and the government drive to create a Northern Powerhouse, will create opportunity for business growth and expansion
  • It is predicted there will be 15% more jobs in this sector by 2020
  • 1.2 million jobs nationally will be needed to be filled as a result of people leaving the sector (replacement jobs) in the coming years
  • Finance and business services have an ageing workforce and employers are keen to encourage young people into the industry
  • There will be an increasing demand for higher level skills (level 4 and 5) to fill management and professional roles
  • Employment trends for the Humber show that this is an increasing sector for employment

Useful Sector specific sites

For more information click to go to the Skillsmart Retail LMI section

LMI Humber YouTube Sector Video available here

Skills CFA

Download full PDF sector profile here