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future of work, The Great Resignation
9600 Great Hills Trail, Suite 150W Austin TX 78759
Right, so I’m back after almost 6 weeks. What did I miss? Other than a new PM in Australia, more gun violence in the US…and the fact that, according to the OECD, Australia has the second tightest skills market in the world.
You may have noticed that I haven’t been posting much over the last 5 – 6 weeks because I’ve been in the US speaking at the annual Association for Talent Development (ATD) conference (funnily enough about employee retention).
Following that, I was on a dive holiday in Far North Queensland (stay tuned for Friday’s post, which will include sharks, turtles, barracuda and an assortment of more of my fishy friends.)
Now down to business. It won’t come as a shock to anyone in Australia reading this post that we are in a very skills-short market. According to both The Australian Financial Review (AFR)and SmartCompany, the OECD’s Economic Outlook for June pegged our skills shortage as second only to Canada’s in the developed world.
Specifically, last week the Australian Bureau of Statistics (ABS) showed 420,000 vacant jobs. According to Smart Company, this translates into 2.8% of the labour market — or one in 35 jobs — being empty.
I’m currently fielding 2 questions from clients in Australia and the US about the skills shortage.
🙋♂️ “Now that the borders are open in Australia how long will it be before our skills shortage abates?” and
🙋♂️ “The upcoming US recession will surely help the skills shortage (and put realign candidates’ expectations), right?”
I will answer the first question today and the second tomorrow.
The border closures certainly have not helped the Australian skills shortage – nor have they been the main reason behind it. This is a structural skills shortage that we’ve seen coming for a while now, and it primarily has to do with the ageing population in Australia. The Commonwealth’s Intergenerational Report said that over the next 40 years Australia’s participation rate will go down by almost 25% due to our ageing population.
9600 Great Hills Trail, Suite 150W Austin, TX 78759, UNITED STATES
About
In 2009 CEO and founder Kim Seeling Smith started Ignite Global after deciding that instead of being paid to put bums in seats (working as a recruiter for the 15 years prior to that) she wanted to help More
I love, love, love Korn Ferry‘s research, and the Future of Work Trends 2022: A New Era of Humanity report does not disappoint. One of the best quotes from page 6 is,
My Facebook memories told me that 1 year ago today was my first appearance on Nine’s Today Show. Georgie and I had a spirited discussion about the older workforce. I was optimistic back then. I was FINALLY seeing some cracks in our decades old discrimination against older workers.
Not so much anymore. I’ve read recent stories that Ageism is still alive and well and increasing in our new COVID environment.
I’d love your thoughts. What do you see?
If you’re over 50, what do you find? What are your plans for the future? Remain in full time work, do contract work, side hustle? Start your own business?
I loved this article about the things companies get wrong when writing job descriptions. I only disagree with their first point. A long job description/job ad isn’t necessarily a bad thing. I’ve helped clients write very lengthy but VERY compelling job descriptions that vividly describes the company culture and values, outlines what the prospective candidate can achieve in the role and what they need to bring to the table (innate abilities and strengths) to be successful.
Read More: https://www.igniteglobal.com/2022/05/7-things-companies-get-wrong-when-writing-job-descriptions/
A2B Australia Limited (CabCharge) is doing some really interesting work with self-managed teams. This has been a concept that many of my clients are struggling with as they redesign their org structures to increase collaboration, ownership and accountability. It’s a tough nut to crack.
I’ve been traveling for a conference and to spend my birthday/4th of July with my sister and best friend.
I love to spend my birthday in the US because it’s the day before the 4th of July – which makes it a 2-day celebration, in the middle of summer – with fireworks!
Unfortunately, the following weekend I attended the National Speakers Convention in Nashville, where I promptly got Covid and spent the next weeks isolating instead of going on a road trip with my best friend. The times we live in!
Isolation gave me lots of thinking time – and lots of time to strategize on new content, so expect fairly regular updates now through the end of the year.
My head is just buzzing with ideas.
Starting with 2 new masterclasses.
Feel free to grab your spot at one or both – and invite friends and colleagues.
