What we’ve learned
Emerging Leaders was founded with a focus on attraction, retention, and en-gagement of the 20 to 44 year old demographic. We focused our questions onthe availability and quality of work and how likely was it that respondentswould choose to remain in London. This survey gives a valuable snapshot ofwhere we are as a city and how this demographic views working and stayingin London.
Learning - other sources
According to a 2007 LEDC report titled
London’s Workforce - Historical Trends and Forecast for the Future,
“London also signiﬁcantly lacks people in the 15-24 years oldlabour force category. Our growth in this age group (-4.36%) is much lower than othercommunities.” It goes on to say, “It is logical to predict that if everything remains thesame, London will not have enough people to take up positions in the jobs vacated bythe retiring population.”We are aware the unemployment rate in London hovers around 8.6% but for the youthdemographic it is much higher, often 14%. As older members of our workforce were hitby the decline of the economy and were displaced from their jobs they sought employ-ment at lower levels of job entry. The greatest increase in employment is seen in the45+ demographic.
What we learned from this survey
Of the 280 respondents, 83.7% were between the ages of 20 and 44, and of these47.9% were between the ages of 30 to 44. We also know that the majority, 63.9%, had aBachelor’s degree or higher and that 58.4% of them had full time employment. While60% of respondents have full employment 21.6% are unemployed or
underemployed,and 70.6% reported that it was somewhat or very difﬁcult to ﬁnd
employment in thecareer of their choice in London. Of note is the 20.6% of respondents who said theywere not likely to remain in London in the next 10 years and the 36.5%who said theywere only somewhat likely to remain in London over the same time frame.
Work in London - An Emerging Leaders PerspectiveWork in London - An Emerging Leaders Perspective