Page 16 - Regional Employment & Skills Plan

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2.1 Pestle Analysis
2.1.1 Regional Pestle Analysis for South West & Mid Wales
Political
Government policies Legislation
Election cycles Bureaucracy Devolution
Planning Brexit
Social
Qualification levels Ageing workforce Workless households NEETs
Work-life balance
Demand for flexible working
Quality of life
Changing work environments
Economic migration
Digital & social networks
Social mobility
Health and wellbeing
High and increasing dependency ratio
Ever increasing cost of further & higher education
Legal
Regulatory requirements
Intellectual property law
Brexit – Changes to procurement & grant funding rules
Economic
Under-performance in value & productivity Lower pay levels
Global economic instability
Increasing demands for employment
High propensity of lower value occupations Low rates of research & development activity Globalisation
Changing employment patterns
New business models
Automation of knowledge work
Lack of affordable quality housing Economic mobility
Brexit – Importing & Exporting of goods Brexit – Access to funding
Technology
Automation of knowledge work Internet of things
Advanced robotics
Advanced materials
Advanced energy
Renewable energy
Mobile internet and cloud technology Digitalisation
Nanotechnology
Remote healthcare
BigData
Environmental
Rurality
Access to services & opportunities Transportation links
Suitability of land for development Low carbon technologies
Climate change
Resource scarcity
6 An individual is regarded as being NEET if they are not in employment, education or training
Regional Employment & Skills Plan South West & Mid Wales Policy Context