At a Glance
- Tasks: Conduct economic analysis to influence key government policies and support decision-making.
- Company: Join HM Treasury, a pivotal institution shaping the UK's economic landscape.
- Benefits: Enjoy 25 days annual leave, flexible working options, and a generous pension scheme.
- Other info: Collaborative team environment with opportunities for professional growth.
- 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
Key Responsibilities
- 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.
- Providing 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.
- 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.
- Conducting microeconomic analysis to identify policy problems and solutions.
- Using 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 City of Westminster employer: Job Search Place Limited
HM Treasury is an exceptional employer, offering a dynamic work environment in London or Darlington where your analytical contributions directly influence key government policies. With flexible working arrangements, generous leave entitlements, and a strong commitment to employee development, you will thrive in a supportive culture that values collaboration and innovation. Join a team of dedicated professionals who are passionate about making a meaningful impact on the labour market and welfare policies.
StudySmarter Expert Advice🤫
We think this is how you could land Assistant Economist in City of Westminster
✨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. Be ready to discuss how you would approach real-world policy problems, especially those related to labour markets.
✨Tip Number 3
Show off your communication skills! Practice explaining complex economic concepts in simple terms. This will help us impress during interviews when we need to present our ideas clearly.
✨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 City of Westminster
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Assistant Economist role. Highlight your relevant experience in economic analysis and how it aligns with the responsibilities mentioned in the job description.
Showcase Your Analytical Skills:We want to see your ability to conduct high-quality economic analysis. Include specific examples of past projects where you’ve used data to inform policy decisions or solve complex problems.
Communicate Clearly:Since you'll be presenting to both technical and non-technical audiences, demonstrate your communication skills in your application. Use clear and concise language to explain your experiences and insights.
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 ensure you’re considered for this exciting opportunity.
How to prepare for a job interview at Job Search Place Limited
✨Know Your Economics
Brush up on your economic theories and current trends, especially those related to labour markets and welfare policies. Be ready to discuss how these concepts apply to real-world scenarios, as this will show your understanding of the role's requirements.
✨Prepare for Data Analysis Questions
Expect questions that test your analytical skills. Familiarise yourself with data sources like the Annual Survey of Hours and Earnings and the Labour Force Survey. Practice explaining complex data in simple terms, as you'll need to communicate findings to both technical and non-technical audiences.
✨Showcase Your Communication Skills
Since the role involves advising senior officials, practice articulating your thoughts clearly and confidently. Prepare examples of how you've effectively communicated complex information in the past, as this will demonstrate your ability to engage with various stakeholders.
✨Engage with Current Debates
Stay updated on discussions around minimum wage policies, youth unemployment, and the impact of AI on the labour market. Being able to reference recent studies or debates during your interview will show your enthusiasm and commitment to the field.
