The crystal ball of employment…..
The ever-changing employment landscape isn’t set to plateau, however, a landmark report by the National Centre for Vocational Education Research has highlighted some relativity “sure bets” along with major sectors to avoid.
Prime Minister Malcolm Turnbull outlined that global economic development is on the agenda for the Commonwealth Heads of Government and positively stated, “we are keeping jobs onshore by ensuring that the economy remains strong”.
The National Centre for Vocational Education’s report indicates workers may want to reconsider planning a future in retail, mining or the public service. Weak wage growth will stunt spending in shops, the concluding chapter of the mining boom will limit resources opportunities and the restrictions of returning the May budget back to surplus will halt employment growth in the public sector.
The future “sure bets” are farmers, nurses and teachers, who are up for a jobs bonanza in the next six years, as millions of baby-boomers are set retire making way for a new generation of workers in rapidly expanding industries*.
Government free trade agreements, an ageing population and the entry hundreds of thousands of new young migrants are expected to provide for extraordinary opportunities in the three sectors, as manufacturing also transitions from the struggling car industry to “Made in Australia” equipment and pharmaceuticals.
It has also been forecasted that an extra 1.9 million people will be employed by 2024 at an average growth of 1.8 per cent per year, compared to 1.4 per cent between 2011-2016**
It’s all about … a in future agriculture, health and education, what a scope of industries!
*NCVR, Future job openings for new entrants by industry and occupation, 2018
**Monash University, Labour force growth, 2018
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