Page 15 - Regional Employment & Skills Plan 2019

• Pension reform and financial incentives for later retirement,
• Greater access to flexible working for older workers,
• More access to flexible retirement schemes,
• Reverse mentoring schemes, using younger workers to mentor older workers for example in digital skills,
• Extending apprenticeships to older workers,
• Strong anti-discrimination policies.
2.1.2 Economic Performance
The most recently available Gross Value Added (GVA) figures indicate a continued disparity between regional and national averages. The gap continues to grow and worsen year on year with a South West Wales average of 64.5 and a Mid Wales average of 64.6 in comparison with the indexed value of 100.00 for the UK.
2.1.3 Qualification Levels
Qualification levels across the South West Wales region continue to lag behind national averages with more individuals in the region possessing no qualifications and less people possessing qualifications at level 4 or above.
Conversely, averages for Mid Wales compare more favourably with national averages exhibiting a higher proportion of individuals qualified to level 4 or above and exhibiting lower levels of those possessing no qualifications.
Response Profile for Advanced Materials & Manufacturing
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There are many interventions that can be put in place to support an ageing workforce such as;
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No Qualifications
Qualified to below level 2
Qualified to level 2 or above
Qualified to level 3 or above
Qualified to level 4 or above
Mid Wales South West Wales
Wales
Regional Employment & Skills Plan South West & Mid Wales
Policy Context