At a Glance
- Tasks: Lead economic analysis on National Living Wage and Minimum Wage, advising policy officials.
- Company: Join HM Treasury's Labour Markets team, focused on impactful economic policy development.
- Benefits: Enjoy 25 days annual leave, flexible working, and a generous pension scheme.
- Why this job: Engage in high-profile analytical challenges that influence government policy and improve living standards.
- Qualifications: Strong analytical skills required; experience in academia, industry, or charity sector is welcome.
- Other info: Opportunity to manage assistant economists and collaborate with diverse teams across government.
The predicted salary is between 43200 - 72000 £ per year.
Are you looking for a great opportunity to work in a high-profile area with analytical challenge? If so, this could be the role for you! About the Team The Labour Markets and Distributional Analysis team is a friendly team of around 30 outstanding analysts and policy makers located across London and Darlington offices. We seek to bring together an understanding of and advise on policy development related to households’ living standards, distributional analysis across different financial and demographic characteristics, and labour market outcomes. The work is at the centre of the government’s priorities to boost growth and overcome obstacles to opportunity. HM Treasury’s Labour Market Analysis team conducts microeconomic analysis of the labour market, with a particular focus on employment policy, the labour market impacts of tax and social security policy, labour market regulation and the minimum wage. We play an important role at fiscal events (such as Spending Reviews and Budgets), in informing ministers on the economic impacts of policy decisions. For example, our team’s Labour Supply Model – co-owned with the Office for Budget Responsibility (OBR) – has provided the evidence base at recent fiscal events for OBR judgements about the impact of policy on the supply side of the economy. The team’s work is also an important contributor to the Chancellor’s focus on the government’s Growth Mission and receives frequent ministerial interest in light on this. About the Job In this role, you will: · Lead HM Treasury’s microeconomic analysis of the National Living Wage and Minimum Wage, providing expert advice to policy officials and ministers on the policy’s impact on the economy. · Provide timely economic analysis and advice to HM Treasury on the impacts of social security policies and conditionality, as well as active labour market policies, often at a rapid pace. · Contribute to evaluation of the real-world impacts of policies within the OBR and HM Treasury’s ongoing programme of policy monitoring and evaluation. · Communicate analysis effectively, briefing senior officials, Ministers, and others. · Line-manage 1-2 assistant economists, and work flexibly within a wider team of analysts, including close working with macroeconomist colleagues within HM Treasury and counterparts in other government departments. · Build networks across HM Treasury, other government departments and external research organisations and academia, to ensure influence and a strong evidence base for the team’s work. About You For this role, analytical skills are what we are looking for above all; you don’t need to have been a civil servant or have advised ministers before. The relevant expertise could have been gained in academia, industry, or the charity sector, for example. Some of the Benefits our people love! · 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 For more information about the role and how to apply, please follow the apply link. If you need any reasonable adjustments to take part in the selection process, please tell us about this in your online application form.
Economic Adviser for Labour Markets employer: HM TREASURY
Contact Detail:
HM TREASURY Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Economic Adviser for Labour Markets
✨Tip Number 1
Familiarize yourself with the current economic policies and recent fiscal events in the UK. Understanding how these policies impact the labour market will help you engage in meaningful discussions during interviews.
✨Tip Number 2
Network with professionals in the field of labour market analysis. Attend relevant seminars or webinars to connect with analysts and policymakers, which can provide insights and potentially lead to referrals.
✨Tip Number 3
Stay updated on the latest research and reports from HM Treasury and the Office for Budget Responsibility. Being knowledgeable about their findings will demonstrate your commitment and understanding of the role's requirements.
✨Tip Number 4
Prepare to discuss your analytical skills and experiences in detail. Be ready to provide examples of how you've applied these skills in previous roles, whether in academia, industry, or the charity sector.
We think you need these skills to ace Economic Adviser for Labour Markets
Some tips for your application 🫡
Understand the Role: Read the job description carefully to understand the key responsibilities and required skills. Tailor your application to highlight your analytical skills and relevant experience in microeconomic analysis.
Highlight Relevant Experience: In your CV and cover letter, emphasize any experience you have in economic analysis, policy development, or related fields. Mention specific projects or roles where you provided expert advice or conducted impactful analysis.
Demonstrate Communication Skills: Since the role involves briefing senior officials and ministers, showcase your ability to communicate complex analysis clearly. Include examples of how you've effectively communicated findings or recommendations in previous roles.
Showcase Teamwork and Leadership: Mention any experience you have in managing teams or collaborating with others. Highlight your ability to work flexibly within a team and build networks across different departments or organizations.
How to prepare for a job interview at HM TREASURY
✨Showcase Your Analytical Skills
Since this role emphasizes analytical skills, be prepared to discuss specific examples from your past experiences where you successfully applied these skills. Highlight any relevant projects or analyses you've conducted that relate to labour markets or economic policies.
✨Understand Current Economic Policies
Familiarize yourself with the latest developments in employment policy, the National Living Wage, and social security policies. Being able to discuss current events and their implications on the economy will demonstrate your engagement and knowledge in the field.
✨Communicate Effectively
Practice summarizing complex economic concepts in a clear and concise manner. You may need to explain your analysis to senior officials or ministers, so being able to communicate effectively is crucial. Consider preparing a brief presentation or summary of your key points.
✨Network and Build Relationships
Emphasize your ability to build networks across different departments and organizations. Share examples of how you've collaborated with others in the past, as this role requires working closely with various stakeholders to influence policy development.