Workforce productivity
In a knowledge-based economy, the skills and
talents of employees are critical. The South West of England gives
investors a massive competitive edge when it comes to the quality,
availability and performance of potential employees.
When our people become your people you
will benefit from:
- Productivity - The
South West is the most productive region in the UK outside London
and the Greater South East. (Source: Office of National
Statistics, Regional GVA). Advanced engineers here are a
massive 31% more productive than their counterparts in the rest of
the UK
- Employee Motivation:
Workers in the South West enjoy the UK's highest levels of
happiness, motivation and pleasure in their surroundings.
(Source: 2005 wellbeing@work survey). High levels of
motivation and satisfaction are linked to good staff morale and
high productivity
- Highly-Qualified: More
than 25% of the South West's population is qualified to NVQ Level 4
or above. Over 27% of the population is educated to degree standard
or above. Attainment at GCSE and A-level is among the highest in
the UK
- Skills: The South West
has a higher proportion of employees in high level occupations
(37%) than anywhere else in the UK. 24% of employees in the region
are in job-related training - the highest number in the
UK
- Availability: 62.4% of
the adult population is currently in employment, providing a total
current workforce of 2,205,000. (Source: Labour Force Survey,
Office of National Statistics)
- Inward Migration: The
South West has the UK's highest rates of inward migration of
professionally qualified people. Between 1981 and 2001, the
population grew by 12.5% - faster than anywhere else in the UK.
That means that our pool of talented employees is constantly
refreshed and reinvigorated
- Labour Costs: Labour
costs are typically 5% lower here than the UK average
- Innovation and
Entrepreneurship: The South West has the best business
survival rate in Britain. (Source: Office of National
Statistics 2005). There are more self-employed people here
than anywhere else in the country
- World Class
Consultancies: Companies here benefit from the expertise
of some of the world's leading business consultancies. Fraser Nash
Consultancy, Atkins plc and Scott-Wilson Group all have a presence
in the region.
For more information about investing
in the South West of England, contact Head of Inward Investment
Ellen
Stallins