Understanding Job Market and Software Industry Analysis

This report provides a comprehensive analysis of the Australian job market, focusing on vocational trends over the next five years, with specific emphasis on the software industry. It identifies key career trends, including information technology and healthcare, while also examining the roles within the software industry, necessary training, and income potential. The report further explores volunteer administration opportunities, particularly with Xero, and discusses recruitment competition and strategies for achieving employment. The direct impact of software industries on the economic system is also highlighted, emphasizing the industry's contribution to job creation and GDP growth. The analysis draws on various sources to support its findings, offering valuable insights into the evolving landscape of the job market and the opportunities it presents.

Running Head: Understanding of job market
UNDERSTANDING OF JOB MARKET

Understanding of job market
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Table of contents
Introduction......................................................................................................................................4
PART 1............................................................................................................................................4
Examination of the job market........................................................................................................4
Step 1: identification of five predicted vocational trends for subsequently five years..................4
Step 2 identification of the increasing and decreasing career trends............................................6
Step 3...............................................................................................................................................6
Discussion of the expected trends and comment on the responsible factors to driving these
trends................................................................................................................................................6
PART 2: Examination of the paid occupation.................................................................................7
How many different types of job roles are present in Software Industry?......................................7
What types of Activities have to take for this Industry?.................................................................8
What are the necessary training needed for this job role.................................................................8
Income of IT professionals..............................................................................................................9
How could this IT job help one to get another career opportunity?................................................9
What does this IT industry bring something new for society?........................................................9
Direct impact of software industries on Economical system:.........................................................9
PART 3..........................................................................................................................................10
Choosing a volunteer administration.............................................................................................10
Different activities and tasks to undertake the job.........................................................................10
Explanation of the particular attracted are of the volunteering.....................................................10
Require training or education to volunteer this occupation...........................................................10
Potentiality towards the paid position in this particular area and description of the job.............11

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Required skill from the job that may reflect on the career and specification of the skill towards
career..............................................................................................................................................11
Importance of the software organization towards the society and explanation with evidence....11
Significance of the economic contribution of the software organization to our society Illustrate
with evidence...............................................................................................................................12
PART 4..........................................................................................................................................12
Examine on recruitment.................................................................................................................12
Step 1 identification of the recruitment competition..................................................................12
Step 2: Discussion of the predicted trend for an organization looking for new workers over next
five years........................................................................................................................................12
Step 3 strategy for achieving employment in the career................................................................13
.Conclusion....................................................................................................................................13
Reference list.................................................................................................................................15

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Introduction
Understanding of job market will help to develop the best decision to change the organizational
strategy to overcome the competition among the different organization. This is generally depend
on the update information towards the job as well as about the employees connected with the job.
Nevertheless, these understanding are another powerful tool that reflects on the performances of
the employees within a workplace here in the current assignment the vocational trends of the job
market throughout subsequent five years are discussed by, identifying the increasing and
decreasing the career opportunities in Australia. Apart from that, the development of the personal
skill and managing skill will help to evaluate the voluntary administration of a specific
organization. The recruitment competition of various software organizations is discussed and the
strategy towards the achievements of the employees is described.
PART 1
Examination of the job market
Step 1: identification of five predicted vocational trends for subsequently five years
The five predicted career trends include information technologies, health care service,
accountancy, programming, and lawyers. As asserted by Muñoz et al. (2015). Among them he
employees didn't get the information technologies a few decades ago as the computers, internets,
as well as smart phones, recently have changed the strategy of business communication
throughout the world. Hence, the usage of these technologies helps to develop the performances
of the security specialists, programmers and administrators within a software organization. As
commented by Hu et al. (2013), the health care service is offered to an aging population or
patients and the healthcare workers such as nurses, physical therapists and doctors meet the
demand of their respective customers. Although the health care service is not largely affects by
the economic downturns and upturns, the students are getting the job quickly from this domain.
As mentioned by Dineen et al. (2017), accountancy help to hold the immunity card towards the
digital disruption and it has a huge demand towards the professionals practice accountancy.

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Along with that is it required in the digital literate to continue the predicted growth of an
organisation.
Figure: Identification of five predicted vocational trends for subsequently five years
(Source: Venkatesh and Johnson 2014)
However, in Australia, there are 85000 application and software programmers and it assumes
that by 2020 this will increase by 17.2 percent. As asserted by Kamil and Nasurdin. (2016), the
professionals of the computer science and software engineering employees are getting more
attention from the society. Again it is seen that a huge number of employers generally want to
hire the software engineering students. They can improve their understanding by the applied
science as well as different engineering principles to the engineering problems in the commercial
sectors. Moreover, the service of a lawyer is preliminary focus on the growth of the global
business trends and helps them to evaluate the experiences, knowledge as well as the personal
skill of an individual. As commented by Sykes, Venkatesh and Johnson (2014), therefore their
kill is increased towards the navigate areas such as tax codes, environment and work regulations,
international laws and ethics of the society.
Information technologies
Health care service
Lawyer
Accountancy
Programming

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Step 2 identification of the increasing and decreasing career trends
Among the vocational trends, the information technologies and the health care services are
providing more opportunities to the students in their career. As commented by Ralston et al.
(2015), accountancy, programming and lawyers are not giving much career opportunities. Again,
it can observe that the information technology domain principally drives the innovation and
promotes success within a business territory. Hence, the IT students can implement the
innovative ideas to the organization that can reflect on the evolution of an organization. As
commented by Kamil and Nasurdin. (2016), this creativity and innovation of the employees
develop the systematic management and offer instant support towards their respective
consumers. However, in the healthcare service the nursing and the medical students can fulfill
the target pharmacy and clinical internship within an organization.
The students can develop valuable work experiences and can achieve the huge range of
opportunities for their future. As asserted by Stanton & Stanton (2016), although there are
opportunities of the accountancy trends in the business territory no such recruitment process as
accounting deals with a simple record to show the financial position of a company. The lawyers
have also the opportunities but law school is little expensive as well as nowadays the lawyers are
facing client's pressure to execute their responsibilities. As commented by Sykes, Venkatesh and
Johnson (2014), moreover although the programming is a technology driven and well-paid job
due to huge competencies, the outsourcing positions of different companies are running in lower
wages.
Step 3
Discussion of the expected trends and comment on the responsible factors to driving these
trends
The expected trends are information technology and health care services that provide more
career opportunities to the students. As opined by Perelli-Harris et al. (2014), the information
technology as well as the health care institution and different hospitals enhance the job
opportunities and recruit fresher for their organizations. Private healthcare sectors also provide
the facilities management scopes to develop the personal skill of the employees by implementing
the empowerment of their staffs.

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The IT service also promotes job satisfaction of the employees and they can prepare their career
by increasing their potentiality within the workplace. However, different software companies
support the employees to develop their innovative ideas as well as make them efficient by
conducting training. Nonetheless, the healthcare service principally gives the decision thinking
opportunities regarding their service within a healthcare organization.
PART 2: Examination of the paid occupation
Software Industry is the one of the highest grossing industry in the 21st Century and it has a
strong impact in modern era as well as modern economy. Few things are described below
regarding the Australian Software Industry.
How many different types of job roles are present in Software Industry?
Nowadays Software Industry has become a super power industry and it has major two types of
job categories like
1. Technical
2. Non- Technical
As opined by Ahmed et al. (2015) last one to two years the software industry reached in such a
position where not only technical students are taking parts as well as non-technical also.
Different types of job roles are present like administrative accounts section related.
Technical jobs are widespread in this mother Industry. So many designations are present in this
section like
1. Infrastructure Development
2. Designing
3. Application development
4. Integrating
5. Data and analysis
6. Risk Management (Clarke, 1992)

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What types of Activities have to take for this Industry?
In this industry, the employee has to evaluate system models, database designing and software
applications. Most of the employees are expected to work as contractors where software
development procedures are of prime importance. However, Perelli-Harris et al. (2014) are of
opinion that even the academia sector has bright future for software engineers in Australia. Steve
Jobs, the CEO of Apple has founded a work culture where the engineers can work from home or
at weekends thereby never taking holidays.
What are the necessary training needed for this job role
Verner et al. (2014) stated that software industry needs those professionals who are technically
sound as well as those who have fluent speaking ability, a strong personality because technical
knowledge is insufficient to become a good IT professional. It is proved that those people who
are very bright in academics are not very good in workplace just because of lack of professional
approach.
Figure 1: Training for job role
(Source: Trytten et al. 2016)
Beside these some technical knowledge is also required like front end - back end development
concept, good programming logic concept, database concept, web development, Mobile
development, cloud based technologies.

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Income of IT professionals
The average income of an IT professional is $85000
National Average 83968
Sydney area average 85000
A biggest salary increment has been seen in the 2017 in every job roles in software industry,
which is minimum 30% and maximum 40 to 45% in different sectors (Trytten et al. 2016).
How could this IT job help one to get another career opportunity?
An employee can work for HR department if he/she excels the workflow and the nature of
working. All people are related to some extend with a team or group of people. HR
transformation is the best for an IT professional coz every IT industry has its own HR
department so from that angles it is very much helpful for him and he has a vast knowledge
regarding HR.
What does this IT industry bring something new for society?
Software reached everywhere in modern society and its impact is very much noticeable. Now
days software introduced so many things which is very much helpful and reduced the human
work which is obviously profitable for our society .They are
1. Automated system
2. Cloudbase works
3. Net banking System
4. Security purpose
5. Communication System
Direct impact of software industries on Economical system:
Knight et al. (2014) stated that one of the primary economic contributions lies in providing more
jobs in the market. ICT has ensured a 1.4% increase in GDP in emergent markets of developing
countries. Software industries have also gave way to online services off varied public services.
 Governmental project

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 Social networking
 Banking industry
 Security
PART 3
Choosing a volunteer administration
Different activities and tasks to undertake the job
In Australia, Xero offers the unpaid service to execute the system analysis, programming and
design the information to evaluate the project limitations. As asserted by Ahsan & Khan (2013),
they also recruit employees to modify different existences software and to rectify various errors
for development of the programs to perform different projects. The applicants must be
experienced for more than one year, as they have to consult with respective customers regarding
the functioning of the equipment and measure the expected outcomes (Xero.com.au, 2017).
Explanation of the particular attracted are of the volunteering
Xero will provide training to the volunteer employees to improve their performances as well as
make them more efficient as much as possible.
As mentioned by Perelli-Harris et al. (2014), according to the performances of an individual the
company will offer them expected salary and provide proper guidance to develop their
programming and critical thinking skill within the company. The administration also monitors
their performances to evaluate their activities towards their responsibilities.
Require training or education to volunteer this occupation
The organization will conduct training sessions to make the employees more responsible towards
their performances. As influenced by Ahsan & Khan (2013), the training or education will help
to develop their interpersonal skill and motivate them to design and improve the software system
by analyzing the information. The software application training will increase their talent by
developing the potentiality of the employees and reduce their absenteeism and turnover.

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Potentiality towards the paid position in this particular area and description of the job
Xero also offers increment according to the performance and potentiality of their employee.
Moreover, this training will help to evaluate various factors like cost constraints and reporting
factors of the company. As opined by Gledhill et al. (2015), the company will conduct
partnership performances to distribute the burden of the workload among their workers and they
will consider as the paid employees within the organization and become permanent. Along with
that, they will increase the cost of the employees, as this will enhance their job satisfaction.
Required skill from the job that may reflect on the career and specification of the skill
towards career
Xero also ensures the applicants that this job will develop the leadership skill and help to
improve the project management planning within the company. As commented by Taylor,
Bogdan and DeVault (2015), this skill will reflect on their performances and increase the
productivity of the business. Nonetheless, the inventiveness, as well as the problem-solving skill
of the employees, will enhance their creativity by making them focussed and disciplined towards
their activities.
Importance of the software organization towards the society and explanation with
evidence
The Software organization helps to develop the communication and the innovation of the
information technologies generally having huge effects across the various domains in the society
to resolve the issues regarding the economic productivity and intellectual property of different
communities. As opined by Siegel (2016), the impact of the IT in the cost structure of this firm
can be illustrated on electronic commerce example. This area of the cost reduction may carry out
the organizational success and focus on the scientific knowledge to meet the societal
requirements. The communication among the employees as well as their involvement with the
stakeholders will reflect the socioeconomic status of the business (Xero Official Website, 2017)
.

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Significance of the economic contribution of the software organization to our society
Illustrate with evidence
The economic perspectives of Xero generally concerned with their no quantifiable as well as the
indirect effort towards attractiveness of the country. As mentioned by Taylor, Bogdan and
DeVault (2015), the company will help to analysis the economic performances of the
organization by considering the qualitative and quantitative growth of the company throughout
the year. Moreover, it is observed that by accessing the affordability of the services reflects on
the socio economic status of the internal as well as external stakeholders of the company.
PART 4
Examine on recruitment
Step 1 identification of the recruitment competition
Acquiring as well as retaining the high-quality talent is very critical towards the organizational
success. As commented by Manroop and Richardson (2016), in the recent years, the job market
has fetched quite attention as more and more of the applicants are applying online for their jobs.
The employers on the other hand also seek these websites looking for the right candidate. Seek
has gained immense popularity in the country. Guan et al. (2014) have pointed out that in the
year 2014/15 almost 26% of the jobs were governed by this website. Recently they have also
undertaken the markets of neighbouring New Zealand and Singapore. However, they also have
stiff competition from other domestic websites such as Jobtree, Australian Job search and
MyCareer. Almost 48% of the recruitment happens through online portal and social media
websites and remaining 18% happens through news papers and other recruiting agencies.
Step 2: Discussion of the predicted trend for an organization looking for new workers over
next five years
In order to recruit new employees, an organization needs to provide proper advertisement
mentioning the required qualification and age of the applicants. As per the advertisement, the
applicants have to fill the application form through the online or offline mode of the application
procedure. Nonetheless, they have to make payment for the application if it mentioned in the
advertisement. As asserted by Dineen et al. (2017), the interested applicants need to submit their