Job Market Monitor
Australia
Skills in Australia – The number of jobs in soft-skill intensive occupations will grow at 2.5 times the rate of jobs in other occupations
A workforce with a broad mix of skills is crucial for business success and national prosperity. Businesses with more skilled sta have higher rates of innovation and productivity. And academic literature has found a consistent relationship between human capital and economic growth. But do we fully understand the workforce skills necessary for success? Formal quali … Continue reading
Automation in Australia – More than five million jobs, almost 40 per cent, have a moderate to high likelihood of disappearing in the next 10 to 15 years
More than five million jobs, almost 40 per cent of Australian jobs that exist today, have a moderate to high likelihood of disappearing in the next 10 to 15 years due to technological advancements, a CEDA report being released today has found. Figure 1 shows the estimated probabilities of the susceptibility of jobs to computerisation … Continue reading
Australia – The education system is not preparing students for twenty-first century success report says
Young Australians are studying for longer than ever before but are disengaged and struggling to find permanent jobs. Young people entering technology-rich, global, competitive job markets need different skill sets to what our education system has traditionally valued. Unless schools broaden learning objectives, many students will fail to become capable, successful adults – putting Australia’s social and … Continue reading
Higher Education or VET in Australia
Chosen excerpts by Job Market Monitor. Read the whole story at The skilled labour market: a pictorial overview of trends and shortage 2015-16
Australia – Employability Skills Training Consultation Paper
In the 2016-17 Budget, the Australian Government announced an $840 million Youth Employment Package to give young people the employability skills and real work experience they need to get a job. The package will deliver a new Youth Jobs PaTH (Prepare – Trial – Hire) to support young job seekers into jobs. The Youth Jobs … Continue reading
Research and Apprenticeship – The case of Australia’s NCVER
This study has assessed the impact of NCVER’s research against two themes: the role of apprenticeships in a modern economy; and the nature of vocations and the competencies required by industry. The evaluation spans 32 publications from 2005 to 2015. This is the third instance in which NCVER has undertaken an impact evaluation, on each … Continue reading
Job Ads in Australia – Rising demand for digital literacy, critical thinking, creativity and presentation skills
The New Basics: Big data reveals the skills young people need for the New Work Order reveals that employers are placing a premium on enterprise skills at a time of significant change in our workforce. An analysis of 4.2 million job advertisements from 2012-2015 found there is rising demand for enterprise skills such as digital … Continue reading
The Graduate Effect of Higher Education Spillovers – The case of Australia
The Australian economy is undergoing a major transition. A shift is underway from the mining construction boom era—in which significant resources were applied to the development of our natural resources— to a new phase in our history. We are now faced with the challenge of diversifying our economy and seizing new opportunities through innovation, entrepreneurship … Continue reading
Higher Education Workforce in Australia – Only 5% of university leaders rate their employee value proposition as being “very high”
On 2 February 2016 AHEIA released the Australian Higher Education Workforce of the Future Report, which was commissioned in association with the DVCs Corporate group of Universities Australia to put the spotlight on how to enable universities to compete in a globally competitive market. The report looks at the university environment as affected by environmental … Continue reading
STEM workforce in Australia – 2.3 million people with qualifications
Australia’s future will rely on science, technology, engineering and mathematics (STEM)—disciplines at the core of innovation. Our businesses will rely on STEM to compete in the emerging sectors that new technologies will create, as well as in the existing sectors which new technologies will transform. Our workforce will require specialised skills in STEM as well … Continue reading
Australia – Six megatrends for jobs and employment markets over the coming twenty years
The study has identified six megatrends for jobs and employment markets over the coming twenty years. The second half of the chessboard The explosion in device connectivity, data volumes and computing speed, combined with rapid advances in automated systems and artificial intelligence means that robotic devices can perform many tasks more quickly, safely and efficiently … Continue reading
Skills Gap in Australia – 52% of employees with less than five years’ experience already see their qualifications as not being “very much” relevant to their work
The forces of disruption are not just being driven by start-ups and felt by business leaders – they’re driving change in the workforce and labour market. – Two-thirds of those with less than five years’ experience (early-career Australians) expect that their job will not exist, or will fundamentally change, in the next 15 years. If … Continue reading
Australia – We must overhaul vocational education and training the Chamber of Commerce and Industry says
Australia must overhaul its vocational education and training if people are to get the skills they need for the jobs of the future, the Australian Chamber of Commerce and Industry said today. The Australian Chamber is today releasing a policy paper, “Focus on Skills: Building a Better National Vocational Education and Training System”, which argues for … Continue reading
Internships in Australia – Sacrificing $6000 in wages and working an average of nine weeks without pay
Young Australians slogging through unpaid internships are sacrificing $6000 in wages and working an average of nine weeks without pay. A new report by advocacy body Interns Australia found nearly 90 per cent of interns work for free or below the minimum wage. Interns spent an average of 45 days doing unpaid work, which translates to $5913 in wages if the intern was … Continue reading
Australia – 60% of students are training for jobs that will not exist in the future
Sixty per cent of Australian students are training for jobs that will not exist in the future or will be transformed by automation, according to a new report by the Foundation for Young Australians. Key points 44 per cent of jobs will be automated in the next 10 years 60 per cent of students are … Continue reading
