At a Glance
- Tasks: Conduct economic analysis to influence key government policies and support decision-making.
- Company: Join HM Treasury's dynamic team focused on labour market and welfare analysis.
- Benefits: Enjoy flexible working, generous leave, and a strong pension scheme.
- Other info: Collaborative environment with opportunities for professional growth and networking.
- Why this job: Make a real impact on policies affecting youth employment and living standards.
- Qualifications: Strong analytical skills and ability to communicate complex information clearly.
The predicted salary is between 37820 - 43000 € per year.
Salary: London: £37,820 - £43,000 / National: £34,820 - £40,000. If the successful candidate is a current Civil Servant joining on level transfer, HM Treasury will honour their current substantive salary if higher.
Working Pattern: This post is available on a full time, part time or job share basis, and flexible working hours can be accommodated.
Location: London (1 Horse Guards Road) or Darlington (Feethams House)
We are recruiting an Assistant Economist to join the Personal Tax, Welfare and Pensions team. This is an exciting role with analysis having a direct impact on policy work.
About the Team
The Labour Markets and Distributional Analysis team is a friendly team of outstanding analysts and policy makers. We seek to bring together an understanding of households' living standards and position in the labour market, with key labour market policies, such as DWP's unemployment regime and tax-free childcare.
Our part of the team is made up of around 5 economists who work closely with policy teams across HM Treasury to provide analytical support on the impacts of policies on the labour market. We lead on microeconomic analysis of earnings, and employment, as well as analysis of work incentives in the tax and welfare system, and National Living and Minimum Wage analysis. We support decision making surrounding minimum wage policy by estimating the impact of policy changes on the economy. We make assessments of Artificial Intelligence's current impacts on the labour market and work with departments across Whitehall to understand the potential future impacts. We estimate the impact of employment support programmes to support policy making, for example on recent youth employment packages.
About the Job
- Delivering analysis to support the annual uprating decision of the National Living Wage and National Minimum Wage and leading on the modelling to support policy decisions. You will provide advice and briefings to HM Treasury senior officials and ministers.
- Working with analytical, policy and strategy colleagues in teams across HM Treasury and other government departments, such as the Department for Business and Trade (DBT) and the Department for Work and Pensions (DWP), to deliver key government objectives including reducing youth unemployment and delivering a genuine living wage. For example, producing analysis of employment support schemes, estimating their employment impact to aid DWP and HMT policy colleagues' decisions.
- Helping to build and communicate HM Treasury's understanding of the wider evidence on labour markets, including the effect of artificial intelligence. You will be encouraged to develop and maintain a strong grasp of the external debate, engaging with leading figures from academia and the think-tank community.
- Conducting microeconomic analysis to identify policy problems and solutions. We use data sources such as the Annual Survey of Hours and Earnings and the Labour Force Survey to model the impact of policies on, for example, employment.
- Presenting your analytical conclusions, clearly and succinctly, to a variety of technical and non-technical audiences.
About You
We are wanting you to have the ability to conduct high-quality economic analysis to produce actionable conclusions and be able to look at complex information, weigh up different options and clearly explain your recommendations. You will be able to communicate effectively with senior leaders and break down complicated information to a non-technical audience. We also want you to build good relationships with colleagues across multiple teams.
Benefits
- 25 days annual leave (rising to 30 after 5 years), plus 8 public holidays and the King's birthday (unless you have a legacy arrangement as an existing Civil Servant). Additionally, we operate flexitime systems, allowing employees to take up to an additional 2 days off each month.
- Flexible working patterns (part-time, job-share, condensed hours).
- Generous parental and adoption leave packages.
- Access to a generous Defined Benefit pension scheme with employer contributions of 28%.
- Access to a cycle-to-work salary sacrifice scheme and season ticket advances.
- A range of active staff networks, based around interests (e.g. analysts, music society, sports and social club) and diversity.
Assistant Economist in London employer: HM TREASURY-1
HM Treasury is an exceptional employer, offering a dynamic work environment in the heart of London or Darlington, where you can make a tangible impact on national policy through your analytical skills. With flexible working arrangements, generous leave entitlements, and a strong commitment to employee development, we foster a collaborative culture that values diverse perspectives and encourages professional growth. Join us to be part of a dedicated team that shapes the future of the labour market and welfare policies while enjoying a supportive workplace that prioritises your well-being.
StudySmarter Expert Advice🤫
We think this is how you could land Assistant Economist in London
✨Tip Number 1
Network like a pro! Reach out to current or former employees at HM Treasury on LinkedIn. A friendly chat can give us insider info and maybe even a referral.
✨Tip Number 2
Prepare for the interview by brushing up on your economic analysis skills. We should be ready to discuss how our insights can impact policy decisions, especially around the National Living Wage.
✨Tip Number 3
Show off your communication skills! Practice explaining complex economic concepts in simple terms. This will help us connect with both technical and non-technical audiences during interviews.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Assistant Economist in London
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your application to highlight how your skills and experiences align with the Assistant Economist role. We want to see how you can contribute to our team, so don’t hold back on showcasing relevant projects or analyses you've worked on!
Be Clear and Concise:When writing your application, clarity is key! Use straightforward language and avoid jargon where possible. We appreciate a well-structured application that gets straight to the point, especially when presenting your analytical conclusions.
Show Your Passion for Economics:Let your enthusiasm for economic analysis shine through in your application. We love candidates who are genuinely interested in the impact of policies on the labour market and can engage with current debates, so share your thoughts on recent trends or challenges!
Apply Through Our Website:Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it gives you a chance to explore more about what we do at StudySmarter!
How to prepare for a job interview at HM TREASURY-1
✨Know Your Economics
Brush up on your microeconomic analysis skills and be ready to discuss how you would approach policy problems. Familiarise yourself with key data sources like the Annual Survey of Hours and Earnings, as you'll likely be asked about how you would use these in your analysis.
✨Understand the Team's Work
Research the Labour Markets and Distributional Analysis team's recent projects and reports. Being able to reference specific examples during your interview will show that you're genuinely interested in the role and understand its impact on policy work.
✨Communicate Clearly
Practice explaining complex economic concepts in simple terms. You might be asked to present your analytical conclusions to non-technical audiences, so demonstrating your ability to break down complicated information will be crucial.
✨Build Relationships
Think about how you can foster good relationships with colleagues across different teams. Be prepared to discuss your teamwork experiences and how you've collaborated with others to achieve common goals, as this is key in a role that involves working with various departments.
