Job Security in Australia: No longer ‘Job for Life’ or ‘Career for Life’

Thursday, March 13, 2014

Having a ‘job for life’ no longer exists. The workforce has been undergoing a massive transformation over the last three decades and currently the average Australian stays with their employer just 3 years and 4 months –
only a third of the way towards long service leave!

If this plays out in the lifetime of a school leaver today it means they will have 17 separate employers in their lifetime.

Moving jobs faster than ever before

Australians are used to moving on, either voluntary or unwilling – such as in the case of a company restructure and being let go of work. The big shift that we’re seeing, however, is that it’s now not just no ‘job for life’ but it’s also not even ‘career for life’ or ‘industry for life.’ We are not just changing employer but changing professions, industries, and retraining as we go. As such we are needing to retrain and upskill, preparing to move out of a given career trajectory to remain future-proofed.

The challenge of a less diversified economy

This is a proven challenge for many, especially those past a certain age or in a regional area where the employment sector is less diversified. The areas which currently have the highest unemployment, such as North Adelaide in South Australia or West Melbourne in Victoria, are also the areas where the number one industry by employment is manufacturing. In these areas there aren’t as many options, which creates extra challenges for those seeking work.

The states that have relied on just a few sectors or very large industries such as Victoria or South Australia are now feeling the sting of increasing unemployment. There’s a lesson here for Western Australia which needs to ensure that it has a broad enough employment base to ensure that any slow-down in mining doesn’t have significant ripple effects on the economy. New South Wales and Queensland have done well as they haven’t just relied on manufacturing or construction growth but diversified their economies through education, tourism, innovation, finance, property, IT, and scientific and technical services.

Looking outside the box towards growth opportunities

Certain industries in Australia are shifting, and Australians in declining industries should look to where the growth opportunities are.

The Top 5 industries 30 years ago were all industrial (mining, utilities, manufacturing, construction, and transport) whereas today there has been a shift to professional industries (Top 5 are mining, technical, IT, financial, and utilities).

While once derogatorily referred to as the world’s quarry, it turns out that we are the clever country after all with more people than ever employed in science and technical roles. The Australian workforce has undergone significant structural change and we’ve moved from an industrial base to a knowledge base.

Additionally, it’s a small business nation with 2.1 million businesses – that’s one business for every 11 Australians – and a large proportion of Australians employed in small businesses.

Workforce unemployment in the days to come

It is expected that Australia’s employment rate will continue to rise above where it currently sits at 6 percent in 2014, and economists are expecting it to peak in mid-2014. The rate has been on a steady increase and is currently the highest it’s been in 13 years, showing a very clear trend with the rise not slowing. There are clouds ahead and while we’re not in recession territory, this is a significant watch area, particularly when looking at sub-segments of employment across the youth sector and comparing state by state.

Click below to see Mark McCrindle's latest interview on Job Security on Channel Ten's Wake Up:


Welcome to our blog...

We have a passion for research that tells a story, that can be presented visually, that brings about change and improves organisations. And we hope these resources help you know the times.

Our Social Media Sites

Facebook | McCrindle Research Social Media YouTube | McCrindle Research Social Media Twitter | McCrindle Research Social Media Flickr | McCrindle Research Social Media Pinterest | McCrindle Research Social Media Google Plus | McCrindle Research Social Media LinkedIn | McCrindle Research Social Media Mark McCrindle Slideshare

Last 150 Articles


Sydney’s south west happy holidays post rationalism entrepreneurial REIV Conference mccrinlde holidays consumerism Australian Bureau of Statistics Sydney Lifestyle Study selfie 2016 experience millennials SMART financial independence CPI property market non profit visualisation emerging generations proactive ACT cooking participants schools students cash Christmas lunch manly GPO February 16 data property development rich prince george online offenders global generations Real Estate Institute of Victoria What is food insecurity? Tasmania define goals sector wide study sydney metro shopping centre long weekend research pack ACF2017 TDE food bank networking media future of shopping aussie culture thought leadership culturally diverse business index graphs Australia Day 2017 safe stats house price rise Christmas in Australia ACF17 in the media royal baby Netflix seasons greetings Deaths SRE research data researcher Assistant Store Manager trend tuesday Christmas data survey small business world youth day coffee lovers rain sustainable society trends coffee average Australian statistics easter charities insight Christmas presents facts social life equip christmas Wagga Wagga WA parenting Generation Y rise of local social shifts demography princess charlotte demographer research on coffee relevant Western Australia baby names australia report generation wealth distribution REIV National Conference 2012 toys mccrindle research Northern Beaches engagement authenticity social enquiry internships innovative 1994 mining boom New Zeland 10 years optimistic cancelling plans pharmacy wealth Black Friday Sales breakfast family environment aged care puzzle future-proof new york times identity workshop VIC community engagement marketing screenagers spirituality meetings pharmacies JOMO Black Friday in Australia professional speaker divorce rate gender staff internship visual australian Queensland: QLD South Australia social researchers student healthy future christmas 2017 dreaming wealth inequality wage Canberra the hills children TED Financial Planning Association overcast sunny days conference qualitative research greatness financial planning teleworking McCridle micro Christmas day relational goal Australian Dream travel social trends research report communication darwin NBRS Australian Census forum baby cultural diversity mother's day australians staying home more census fail acf15 teachers global retail giving educhat engage apartments budget Black Friday world Aussie baby names report employers mateship celebration Word Up study wages business performance happiness repayments generational trends society Royals generation Z Channel 7 vegetarian Mount Annan-Currant Hill ashley mckenzie shopping state domestic community event faux-cilising faith Jura Australia teaching kate middleton retirement Generation X hello fresh winter blues sydney hills capital city demographic Northern Territory increasing densification Queensland technology global financial crisis brisbane debt leader income fresh census data focus group school satisfaction christmas trees easy rider criminal hopes suburbs aged care weather maiden names Lower Hunter Region 1968 car high school millionth younger generations panel tea Hornsby Shire Council average sydneysider hunger Tuesday Trend hills Duchess of Cambridge speakers ACT Report education future report gen z January 26th nfp Mark McCrindle in the media baby name trends Jura Coffee keynote skills Gen X PSI low density Gen Y Australian Communities Trends employmee live the dream office purpose McCrindle Keynote Speakers australian social research financial sydneycity wolloomooloo social researcher research living annual income social commentator trends of 2017 investor rule keeper cold gig economy home owner volunteer youth rental stress royal family women social commentary norwest tattoos NEETs mover and shaker contiki priorities students Population Clock high density volunteering data interactive work victoria culture eliane miles Willowdale Australian schools village real Christchurch US school census results innovation do people still change their surname after marriage? speakers pack transport deloitte who is generation z suburban living grave decision conference speaker lifestyle local communities population neutral bay marriage workplace culture national wealth rent Australian community trends work mates TEDx Speaker mythbusters urban development outsourcing in depth interviews young australians brands donate maiden Kiwi Vocational education millenials IT Specialists Aussies conferences crime thrive Financial Planning Association of Australia 2014 data visualisation perth digital economy sydney event social mythbusting local surnames hills shire changing face of sydney earnings ashley fell know the times hobart office opening sun house price ideas Wellington stay home mobile results balance futurist charity owning a home renting future proofing high density living australian community trends report pyrmont census Research Executive christianity mortgage System's Architect communities Sydney social lives motivate sydneysider education future employment insights shbc megatrends video social research professional presenters baby name townhouses professional services poor year 12 summer cloudy days FOMO care support royal survey design nativity scene Skilling travelling urban ultimo financial dreams teacher collaboration casual sports waverton donation Merry Christmas sydney market resilience investment government christian event FPA mccrindle tea gig national crime rates Valentine’s Day going out paying to work tips data analyst alpha Cobbitty-Leppington religion debate organisations Performance Sentiment Index emerging trends story school students area divorce house prices politics apartment typical australian ACF 2016 property sydneysiders careers volunteers economic rising house prices leadersip organisational culture child care Hills Shire Council university degree work-life newspaper blaxland mccrindle sentiments growing population research services home ownership Kirsten Brewer bus volunteering australia wealth and income distribution Sydney population analysis Work place train personalities logan English Australian demographics responsive weekly earnings presentation socialising The ABC of XYZ population growth public transport financial fears trends of 2016 earning award winner report "know the times" career leadership belief ipswich tableau Love Australian Families VET sector food insecurity product affordability Hunter Valley vegemite World Water Day australian communities trends report Financial Planning Week speajer Christmas Stats cost of living Crime Rates water baby boomers growth daily commute events bondi infographic Charlotte father's day The Daily Edition NFP event workplace trends spend optus dessert cica cost chairty forecasting generations keynote speaker SA Andrew Duffin infographics resource new office leadership workshop Channel Seven 1980 social media names life showreel not for profit housing presentations educated demographic trends Bathburst public holiday award middle class moderators guide social impact baby name predictions group future of education HSC 2016 census results Births census 2016 social change ageing social issues litter woolworths wedding Scouts choice workers supply and demand group session national private wealth capital cities screenage etiquette economy ABS average aussie Australian Trends media release the australian dream eliane Myth Australia street sydney speaker marrickville potts point Christmas research generation alpha population milestone faux-ciliser personal growth education land of the middle class trend shifts baby names geomapping research visualisation tuesday learning Northern Beaches Christian School Caregiver language Australian Population hornsby publication 23 million families baby boom micro apartments entrepreneur McCrindle Speakers the average aussie cancel plans 2020 speaker dare to dream NT demographics marriages local community housing affordability seasons Mark McCrindle EFF money property price Social Trend households future proof anzac professional development google for education optus my business awards ageing population NSW friendship Sydney Hills Business Chamber ACF commuting monarchy Geoff Brailey click youth unemployment Elderslie-Harrington park Gen Z Expert 40 million challenge 2016 census jobs internet young people buildings clothing residents New Zealand year 7 grandparents parents TED talk affordable household wellbeing community 1975 TEDx poker master socialites brand men google urban living index holiday the lucky country intern faux-cilise ferry dreams salary unaffordable the great screenage australian real estate wealth and income infographic wall gold coast daily telegraph Australia Day financial future huffington post Research Director follow focus groups cars Engineering Manager quote housing growth #censusfail investing New South Wales not for profit research entrepreneurs of today media commentary crows nest future of work news couple trends analyst Territory urban living teach learning styles list Northern beaches Event the hills shire employmer gen alpha sydney property market office space ethnography Real Estate Res Vis DIY 2017 Macquarie University conference presentation population map food bureau social analyst energy cartodb Christmas season Christmas day weather work from home meals workforce friends ease of travel online shopping Lower Hunter 24,000,000 Education Future Forum Do It Yourself tertiary education Sydney keynote speaker omnibus social analysis James Ward emerging technologies twentyseventeen sector cultural diveristy curiosity university demographic transformations education sector fears global not-for-profit states impact communicate learner case study learn entertainment public speaking schools plans NBRS Architecture Australians program customer public speaker McCrindle Speaker recap dream forecast cancelling event tv education research Australian communities mentor slideshare high density apartments sunburnt country city communications professional future commuters Australian Home HR 24 million mccrindle in the media house storytelling Melbourne medicine environmental scanning commute surname growth of sydney urban taskforce 2013 builders CBD finance business SMSF earn Wodonga jobs of the future royal influence lalor park winter Maxim Accounting change Tuesday Trends menai sector wide moreton bay digital housing trends the changing face of shopper's pick Business analysis narcissism Retail TAS suburb housing market staying in renter of the future australian communities forum collaborative VET Adelaide snapshot market research media activity consumer unemployment trades home training DESTEL brand experience church 2015