Posts Tagged ‘Workforce’

Structural Shift in the Australian Economy and The Future of Recruitment

Yesterday I listened to a 24 year old (who runs three job boards) detailing his plans to launch a new job board focusing on the hospitality sector. His reason – it’s huge.

How big is the services sector?

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How difficult is it to find talent in the Digital industry?

Worth $19 billion and employing 289,000 people, the digital industry – which comprise of software, website, animation, video, computer games – contributes 3% of the nation’s GDP. In NSW alone there are 36,192 creative digital businesses operating. Without doubt, given our love affair with anything digital, the industry is growing fast.

A new research by Centre of Excellence for Creative Industries and Innovation (CCI) claims that skills shortage is acute in the digital industry and it is fuelling a $2 billion trade deficit. A survey of employers carried out early in the year found a disconnect between graduates and the skills required by employers.

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Taking Stock of Workforce Distribution

Here’s the latest ABS data on the distribution of the Australian workforce (refer table). Health Care industry is by far the largest employer. Sectors like mining, in spite of getting all the media attention, employs only 1.5% of the workforce. While the manufacturing sector, arguably a dying industry, is the fourth largest employer it’s clear that the Australia is predominantly a service economy. And that trend is likely to continue for years to come.

Industry Total Employed (’000)

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VIDEO : Freedom Within Form – Jazz Lessons for HR

Sylvia Hewlett, Founding President of Centre for Work-Life Policy, on what the new generation of workers want from employers:

I think jazz is the right metaphor. It’s freedom within form. Our new demographic research coming out in July really shows that what Gen Y wants, and is actually what boomers want too, is actually to stay with an employer/company that they had admire. But to mix and match, to ebb and flow, to have much more of freedom within form, and to have a long view.

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