One of the key inputs to workforce development planning is information about total employment in a sector and how this is forecast to change in the future. In 2016 BCITO produced a Workforce Development Plan for Painting & Decorating. This was updated in 2017 with new forecast information.
In March 2018 Infometrics has done their annual forecast update. This has three key pieces of new information – actual employment data for 2017, revised forecasts for 2018-2021, and a forecast for 2022.
Employment has grown strongly across the NZ economy in 2017 and Infometrics is expecting this to continue over the next few years. Forecasts for 2018-2022 have been revised upwards, driven in particular by strong employment demand in the construction sector. However, employment growth will be slower in the later forecast years due to capacity constraints.
In 2017, 16,696 people were employed in Painting & Decorating. This is 1,168 people or 6.5% less than forecast.
Employment forecasts for 2018-2021 are lower than in the previous set of forecasts.
The year 2022 has been added to the forecasts. Employment is expected to increase from 2021 to 2022.
In the five years from 2017-2022 the sector will grow by 2,852 workers.
To fill new roles and replace people retiring or otherwise leaving the sector, 6,305 new people are needed in Painting & Decorating by 2022.
To maintain current qualification levels, 2,396 additional qualified people are needed in the sector by 2022.
Thanks to BCITO.
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