Career Opportunities in Labour Market of Australia
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The report discusses the labour market of Australia and its impact on new entrants in the industry. It explores the retail industry, statistics, information, and market data. The report also covers career opportunities in IT and medical industries, recruitment agencies, intercultural challenges, and recommendations for job seekers.
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RUNNING HEAD: CAREER OPPORTUNITIES IN LABOUR MARKET OF AUSTRALIA1 CAREER OPPORTUNITIES IN LABOUR MARKET OF AUSTRALIA Student Name Institute Name
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CAREER OPPORTUNITIES IN LABOUR MARKET OF AUSTRALIA2 Executive summary Employment is considered one of the highly sensitive and main concerns which impact the new entrant in the industry worldwide face. There is the existence of extensive working options for the students on an international level. It is based on one of the largest challenges for the students to have all kind of qualities which are needed for the diverse job profile. The labour market in Australia possesses an improved level of the phase of the labour market on many economic features. Also, the market can also meet the demands and needs of many graduates by giving them so many employment options. The report will discuss the labour market, statistics, information and market data. The labour market is also growing as well as extending quickly with upsurge rate. The labour market of the retail sector is also explained via organization Coles. There are multiple challenges faced by the labour market in the retail industry and extensive changed have also taken place in the different industry in general.
CAREER OPPORTUNITIES IN LABOUR MARKET OF AUSTRALIA3 Contents Executive summary....................................................................................................................2 Contents......................................................................................................................................3 Introduction................................................................................................................................4 Discussion..................................................................................................................................4 Australian labour market trend for the retail industry................................................................4 Career opportunities in IT and Medical industries.....................................................................6 Career opportunities in IT industry........................................................................................6 Career opportunities in medical industry...............................................................................6 Recruitment agency in the industry............................................................................................7 Intercultural challenges..............................................................................................................7 Recommendations: creative job seeking plan............................................................................8 Conclusion..................................................................................................................................9 Reference..................................................................................................................................11
CAREER OPPORTUNITIES IN LABOUR MARKET OF AUSTRALIA4 Introduction The labour market of a country like Australia is claimed to have improved a lot and in a better economic stage with reduction in the level of unemployment, in last few years. The market of Australia also provides extensive options to the people as well as the students with regular employment. There is also immediate rise in the level of employment in Australia of approx. thirty-seven thousand jobs according to the report on labour market of Australia. The rise in the level of employment is estimated to be three thousand to eleven lakhs. The overall participation and the rate of unemployment further remained intact. The current trend in the labour market of OECD also shows that there is an important role in improving the level of employment. From mid-2015, the current labour market of the country has further strengthened. The rate of unemployment in 2015 was at the extent of six percent which later dropped down to five percent approx. in 2016. The country has been considered as one of the strong nations in the department of literacy and skilled labour. The high skilled people also have the secured jobs, however, the important concern which is left over at the student level. Discussion Australian labour market trend for the retail industry Currently, there are approx. more than one million people who are working in the retail sector. the retail sector is identified as one the industry which has employment at the highest number of young people of less than the age of forty-five. The retail industry is also renowned for giving the graduates and people their first job. In all the other sectors, there is an average of 46% of women staff whereas in the retail industry of Australia there are 56% of women in the complete workforce. There is widely present part-time working option for the people in the retail industry so that graduates can constantly be present with the further education or any other form of work.
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CAREER OPPORTUNITIES IN LABOUR MARKET OF AUSTRALIA5 There are many challenges which are faced by the industry. The overall education, as well as training, is considered one of the issues faced by the sectors since the maximum of the workforce in the retail and labour market possess the low level of education and expertise. People normally after their secondary level of schooling or post-school education come from this industry seeking for the job (Plumb et al., 2013). And it is, of course, one of the challenges for the sector to take effective use of the higher education and training provided under the framework of career progression. There is a large number of transformation which has taken place in the sector in last some years which further has influenced the overall demand for the labour and skilled labour in a broad sense. The transformation is the outcome of a number of elements such emerging technologies practices which are sustainable, rise in competition, consumer preferences, globalization, economic cases and demographics of the country. The retail sector of Australia has an immense option since the growth of Asia and the middle class of Asia as the demand and requirement for consumer-based goods are riding on rising rate. Also, there are a transformation as well as challenges give rise since the increase in globalization as other international retailers are getting settled in the country like Australia and providing a tough competition to local retail market, the global retailers are also giving high wages to the labour and helping them to switch to other organizations (OECD, 2016). The strongest transformation which can influence the industry and the sector is based on technological innovation. there is constant technology-based innovation taking place in so many operations of retail (Nickson et al., 2012). The online retailing is also considered as the fast-growing features of the retail operation. The customers are also interested more in online purchase of the products as well as services. Thus, the needs of people who are well-educated and technology friendly are in high demand to deal with different online operations. Since the international recession, there was an immediate reduction in the demand for products,
CAREER OPPORTUNITIES IN LABOUR MARKET OF AUSTRALIA6 employment and many more. However, with time, the situations transformed and currently, the retail sector is one of the fastest and developing industries in the country. Career opportunities in IT and Medical industries In past few years, there have been many experiences people and researchers recognized that there is the rise in growth of the retail labour market. The organization are needed to have ethical work which is part of employment of the employees. There is also equity in employment, working hour and salaries of the staff (Mitchell et al., 2010). Following are the two other industries apart from retail industry: - Career opportunities in IT industry There is a number of factors which make a career in technology at the rising ladder however the market is at saturation now. Career option in engineering, middle management and consulting are decreasing as there is a lot happening in innovation part, so the job options are reducing (Billett et al., 2011). Elements of changes in technology as well as demographics are mainly accountable for transformation in career options among the young generation. Career opportunities in medical industry The big workforce industry consists of variety of occupations as well as services which provide diagnostic, healing as well as preventive based services. The sector consists of a holistic wellness and health of people and production of pharmaceutical and sales. There are so many options like nursing homes, hospitals, surgeries, pharmacies and laboratories as well as clinics where many professionals other than medical experts are required. Medical profession is an ideal profession other than retail profession since pursuing career in medical and healthcare can see an immense growth and continuous development in technology.
CAREER OPPORTUNITIES IN LABOUR MARKET OF AUSTRALIA7 Recruitment agency in the industry Following are three top recruitment agencies in the country: - 1.Career one is considered among the highly checked website in Australia that focuses on providing customers with an advertising option to get qualified and right candidates. 2.SEEK is another group or organization looking to deal with issues and requirement of diverse job seekers while the match between the recruiters and people looking for options in employment (Coates et al., 2011). 3.Gumtree is a British based online organization and a community-based web portal that is helping many young people in getting a job in so many organizations and was also founded almost 15 years ago. One change is an Australian website that helped in matching hires with best candidates (Lawrence et al., 2013). Getting a good job is not an easy task and so one must do well and coordinate the research to understand more about the company. These organization instead of strong challenges in the market have stood up in right manner and this has been part of good marketing strategies. Intercultural challenges Following is the detailed discussion: - 1.Lack of important occupational level skills or proof of past-experiences: this consist of restricted work experience and lack of identifying of prior learning as well as qualifications. These challenges outcomes for people from ethnic background mainly taking up much informal and causal work within their own communities like being employment at many corner stores, a local community organization where there is less experience are needed.
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CAREER OPPORTUNITIES IN LABOUR MARKET OF AUSTRALIA8 2.Restricted knowledge around the system of Australia, workplace culture and how to get a job: there are many career experts that say that its advantageous to talk to peers who have lived in the country for a long period of time and learn the local system of Australian based on finding employment (Jefferson et al., 2010). Recommendations: creative job seeking plan One doesn't need a lot of money to get a greater return from the market like the stock market and when one invests some amount of time reading about the best or latest stock market information, the efforts come up with some crucial job-hunting tips. There are so many organizations in the retail sector that are struggling and there is also much organization that constantly thrive (Davidson et al., 2010). It is important to pay attention to the efforts of job- hunting on the organizations that are successful since they are the one that requires workforce and mainly they are the one that has the money for the wages. There is no doubt that many organizations like Sports Authority, one must understand that he is most probably not going to get recruited there at the same time the organization is about to get bankrupt (Hall et al., 2011). In the retail industry, Coles is one of the highly identified and well-settled supermarket chain in Australia which is now an important part of Wesfarmers supermarket chain. To gain clarity on the labour market of the retail industry, Coles is one of a most right company that has been selected for getting the important information. The organization also provides employment to around one lakh people and identify as viable and important source of employment. In next 5 years, there are options that the retail market of labour will have the important boom. The analysis predicted that in the coming time there will be a rise of eight percent in employment in retail industry and a rise in the average of more than one percent every year. In addition, Coles has its major an important role in the growth of labour market of the country and as providing a number of option in employment to the people (Dyster et al., 2012). The
CAREER OPPORTUNITIES IN LABOUR MARKET OF AUSTRALIA9 organization also has the high amount of ethical points along with the code of conducts which provide a safe and right working environment and opportunity for the employees to develop. The high level of satisfaction of the workforce currently is also very high in the company as the salaries are given are right according to the wages and labour laws. The change in working is also very flexible which means part-time as well as full tie and according to different norms and government-based laws (Financial Times, 2016). There are some past examples which have taken place in the company which also show that there are some labour challenges at Coles in past (Giannikis et al., 2011). The challenges were associated with any unpaid wages and unreasonable wages given to the workers as per the work. However, with right strategies and practices the organization have solved all such challenges and currently, it also holds an ideal position in the labour industry. The people are also seeking employment option at the company in large number. Conclusion The labour industry is always identified as one of the immensely dynamic markets across the world. there are so many changes that have happened in the labour industry right before and after the time of globalization. The report has analysed different factors which influenced the labour market, the employment and unemployment rate. The report also concludes that the retail industry is one of the most important sectors which constantly regulates and influences the labour market. The industry also engages in a high number of people which finally results in a positive transformation in the employment rate of the country. The analysis of the retail sector in contrast to labour market one can test that there are many transformations which have taken place in the industry because of innovative methods and competition from overseas. There are also some companies like Coles Group that are highly popular and renowned company in the retail industry which provides the most trusted and particular data needed to gain clarity on the labour market in the retail industry. The research of Coles also
CAREER OPPORTUNITIES IN LABOUR MARKET OF AUSTRALIA10 shows that the prevailing trend which is impacting the retail sector, employment options, past case studies and transformation in the current labour market over the years in the retail industry. From the whole analysis of the report, one can say that for many fresh graduated and other people looking for a job, there are many extensive level employment options presents in the retail industry. The labour market of the country also provides a lot of growth options to the students and the people in general.
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CAREER OPPORTUNITIES IN LABOUR MARKET OF AUSTRALIA11 Reference Billett, S., Dymock, D., Johnson, G. and Martin, G., 2011. Overcoming the paradox of employers' views about older workers.The International Journal of Human Resource Management,22(06), pp.1248-1261. Coates, H., & Edwards, D., 2011. The Graduate Pathways Survey: New insights on education and employment outcomes five years after Bachelor degree completion.Higher Education Quarterly,65(1), 74-93. Davidson, M.C., Timo, N. and Wang, Y., 2010. How much does labour turnover cost? A case study of Australian four-and five-star hotels.International Journal of Contemporary Hospitality Management,22(4), pp.451-466. Dyster, B. and Meredith, D., 2012.Australia in the global economy: continuity and change. Cambridge University Press. Financial Times, 2016. What is going on in Australia’s labour market? Retrieved from <https://www.ft.com/content/4edc4ff8-9c8c-11e4-a730-00144feabdc0> Giannikis, S.K. and Mihail, D.M., 2011. Modelling job satisfaction in low-level jobs: Differences between full-time and part-time employees in the Greek retail sector.European Management Journal,29(2), pp.129-143. Hall, R. and van den Broek, D., 2011. Aestheticising retail workers: Orientations of aesthetic labour in Australian fashion retail.Economic and Industrial Democracy, p.0143831X11427592. Jefferson, T. and Preston, A., 2010. Labour markets and wages in Australia in 2009.Journal of Industrial Relations,52(3), pp.335-354.
CAREER OPPORTUNITIES IN LABOUR MARKET OF AUSTRALIA12 Lawrence, G., Richards, C. and Lyons, K., 2013. Food security in Australia in an era of neoliberalism, productivism and climate change.Journal of Rural Studies,29, pp.30-39. Mitchell, R., Gahan, P., Stewart, A., Cooney, S. and Marshall, S., 2010. The evolution of labour law in Australia: Measuring the change.Australian Journal of Labour Law,23(2), pp.61-93. Nickson, D., Warhurst, C., Commander, J., Hurrell, S.A. and Cullen, A.M., 2012. Soft skills and employability: Evidence from UK retail.Economic and Industrial Democracy,33(1), pp.65-84. OECD, 2016. How does Australia compare? Employment Outlook 2016, Pp.2, Accessed from https://www.oecd.org/australia/Employment-Outlook-Australia-EN.pdf Plumb, M., Kent, C. and Bishop, J., 2013.Implications for the Australian economy of strong growth in Asia. Reserve Bank of Australia.