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Friday, 19 June 2015 15:19

Choosing the right industry may ‘future proof’ careers for job seekers Featured

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Getting a job and pursing a career path in different business or industry sectors may depend on the strength or weakness of a particular industry, and a newly released national report shows that 13 out of 18 industries have recorded growth in employment numbers over the last two years.

But, the Information, Media and Telecommunications sector didn’t fare well, recording a slight drop of 1% in the two years from 2013 to this year (2015).

Arts and Recreational services is the strongest industry to work in nationally, with the highest growth rates over the past two years of 20.59%, according to the inaugural Careers in Australian report, by comparison website finder.com.au. Release of the report follows the launch of finder’s online course finder comparing online courses in Australia.

The next industry sector with the highest employment growth rates is Agriculture, Forestry and Fishing Industry, with an increase of 10.09%, and Electricity, Gas, Water, Waste Services increasing by 9.35% since February 2013.

Mining is considered the weakest industry, recording a 17.34% drop in the past two years, followed by Wholesale Trade which dropped by 16.68%.

According to Michelle Hutchison, Money Expert at finder.com.au says these findings will help Australians make better informed career choices.

"Understanding the employment landscape is important to almost every Australian. It can help you decide on which career path to take, if your industry is strong or if you should make a career change.

“Since 1984, Australia’s full time workforce has doubled with 5.19 million more workers in 2015. Currently there are 11.76 million workers employed full time in Australia.

"However, the national unemployment rate has also been steadily climbing for the last five years and now sits at 6.1%. In comparison, it hovered around 5% in 2010. Taking this into account, cementing your place in Australia’s workforce has never been more important."

Hutchinson says that while 13 out of 18 (72%) of industries saw growth in employment numbers over the past two years, the Careers in Australia Report also found that the industries with the highest numbers of workers are not necessarily the strongest, nor the weakest.

The finder report includes an Australian Careers Index, which shows that the highest growth industry since 1984 is Professional, Scientific and Technical Services, which holds 383 points as at February this year, followed by Arts and Recreational Services with 341 points, and Administrative and Support Services on 334 points.

The Index also showed that three industries saw a decline in the number of employees since 1984 - Agriculture, Forestry and Fishing fell by 21 points to 79, Manufacturing is on 84 points, and Electricity, Gas, Water and Waste Services on 97 points.

While currently ranked the country’s sixth highest growth industry, increasing by 5.91% from February this year, Health Care and Social Assistance was highlighted as the industry with the highest number of employees in Australia, with over 1.46 million workers as at February.

“With the cost of university degrees in Australia setting you back anywhere from $12,000 to $50,000, making the wrong career decision can be a costly mistake.

“Our analysis shows the incredible change within different industries across Australia over the past 31 years, and the past two years in particular. These valuable insights can assist Australians as they consider their options in the Australian workforce to try and ‘future-proof’ their careers.”


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Peter Dinham

Peter Dinham - an iTWire treasure is a mentor and coach who volunteers also a writer and much valued founding partner of iTWire. He is a veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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