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


Tags

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

Archive