Page 56 - Regional Employment & Skills Plan 2019

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3.5 Financial and Professional Services
The Financial and Professional Services sector is a rapidly growing part of the economy in Wales. It has a thriving workforce, expertise in data management, excellent infrastructure and broadband connectivity - with competitive office costs.59
30,586 jobs are supported by the sector across the region of South West and Mid Wales, with projections indicating that this is expected to grow by 1.3% over the next three years.
Employment is largest in the following occupations:
• Bank and post office clerks (929)
• Other administrative occupations (908)
• Property, housing and estate managers (743)
• Human resources and industrial relations officers (743)
Employer Evidence - Response Profile
County
Ceredigion Powys Pembrokeshire Carmarthenshire Swansea
Neath Port Talbot Other
Total
Challenges
Business Size
Micro Small
Total
Medium
Large53
40004 21115 7 2 2 0 11 15 3 1 0 19 3 5 4 1 13 20002 30115 36 11 9 3 59
‘Securing work’ is the most significant challenge for many businesses operating within the Financial and Professional Services sector as reported by 54% of respondents. This was closely followed by ‘bureaucracy and legislation’ (52%) and ‘economic and financial challenges’ (34%).
The Workforce
The most recent statistics indicate that the gender divide within this sector’s workforce is relatively balanced with females accounting for 47.1% of the total workforce. The majority are aged between 25 and 34.
59 https://tradeandinvest.wales/key-industries/financial-professional-services
Regional Employment & Skills Plan South West & Mid Wales
Sector Profiles