Present Labour Market Trends and Future Market Data - Desklib

Running head: PRESENT LABOUR MARKET TRENDS AND FUTURE MARKET DATA
PRESENT LABOUR MARKET TRENDS AND FUTURE MARKET DATA
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1PRESENT LABOUR MARKET TRENDS AND FUTURE MARKET DATA
Topic: Current labour Market trend of the company and challenging factors of a real
estate organisation and changes in labour market composition.
Introduction
Construction market development helps the economic structure of the nation and
provide a multi-dimensional opportunity that attributes the scope and chances for business.
The shape and structure of the submarkets are high in that case and the changes in moderate
sections are noticed tersely due to price section and independent trade functioning. The
impact of environmental factors are also liable in that case and ethical consideration from the
government is important for aligning the process is a legitimate way. The foreign investment
review board addressed that construction industry such as real estate approvals in Australia
are lagging behind in the 2016-2017 period. 40,134 approval was granted which sum up of
AU$72.3 billion and on the other hand, in 2017 AU$ 23.3 billion had collected, which is
lagging down an aspect of real estate (Line& Runyan, 2012). The downfall in the housing
market in Australia is very transparent and that will showcase the disaster situation of
housing and constructing industry positioning of Australia.
In this case, the chosen organisation is Lendlease Company and aspect of civil
engineering is aligned with that (Lendlease.com,2018). The process of property and financial
industries are important in that case and labour market challenges are highlighted in that
aspect.
Part 1
1. Labour market data of the country
The labour market in Australia is the quarterly basis and there is some employment
growth as well. In the case of Financial and Insurance services, the management of employee
inclusion raises up to 9.6% and rental, hiring and real estate services employee engagement is

2PRESENT LABOUR MARKET TRENDS AND FUTURE MARKET DATA
less than 20, 000. In the case of other service industries, a huge investment of employees is
noticed (Preis, Moat& Stanley, 2013). The employment rates are increased by 5.9 and people
are not interested in this kind of work culture. The largest decrease in employment had
noticed in the year 2016 and the labour market was not at the stable position.
State/ Territory NSW VIC QLD SA TAS
Construction industry 1.7% 1.4% 2.3% 1.5% 1.9%
The engagement with employees in construction industry is very less and healthcare
industries and social assistance cases people are very interested and associated as well.
Labour force participation and the full-time association is the key issue in that case and
people. In the case of Lendlease, the profit after tax is $694.4 million in FY16. The earnings
before the interest tax depreciation are 1,055.1 million and return to equity is 12.3 % at the
same year. All these aspects provide market capitalism and engagement of employees in real
estate industries is important for the companies earning security investment (Meng, 2012).
2. Relevant statistics at the sector
Construction Industry
Revenue $17bn
Annual Growth 5.5%
Employment 110, 609
Business 38,961
The industry growth has supported by the rising house prices and low-interest rates.
The initiation by the government is important in that case and the commercial property
market had a huge downfall in the Australian market. An estimated amount of $24.34 was

3PRESENT LABOUR MARKET TRENDS AND FUTURE MARKET DATA
spent for labours and employees' performance, the labour –intensive approach is the main
aspect of this process.
3. Pinpoint changes in last 5 years
3a. Globalisation
The aspect of globalisation can be identified in case of construction industry from two
different angles. The first one has related to the convergence of the global market and another
one is the growing importance of global hubs. The small countries of the world are playing
the global role in case specific structure of construction management decisions are taken. For
the retail properties, global transportation and in global cities have been connected. The act
enhances the global economy as well. The investment in that case and the economic
difference is very transparent in that case as well (Frey& Osborne, 2017). The main
advantage of the investment is the product availability and distribution in many places in the
world and products are equally available in many cities and that enhancement the business
productivity and revenue generation. The impact of globalisation on office, retail places and
logistic operations are associated with transactional activities and technical parameters are
there for the support.
3b. Changes in economic structure
The economic structure is also associated with the process and in the case of real
estate industries, economic changes are impacted on the valuation and advertisement. In case
of problem situations, real estate companies are formulating their strategy to remitting to the
owner on an agreed basis (Rothstein, 2012). The cataloguing and detailing land and building
making cases, the development of tenancy and the proper budgeting is the key alternatives
that change economic output also. There are many ranges in finance and conveyance