If you’re considering your career options and want to know what jobs show the best prospects, you might be interested in a recent IBISWorld report revealing which Australian industries are expected to demonstrate the strongest employment and wages growth in the years 2011 to 2016.
You might be surprised by what IBISWorld’s analysis has unveiled.
The child care sector is expected to experience the greatest employment growth in coming years, with a projected 27 per cent growth by 2016.
The increased demand for child care workers will be driven by staff shortages, coupled with new government legislation requiring greater staff-to-child ratios as well as greater child care worker qualification levels (for example, a minimum Certificate III in children’s services). This will create increased demand for skilled workers and force wages up.
‘These legislative changes will come on line progressively over the next five years, increasing wage costs as operators will have to employ more staff – and pay higher rates for staff with further qualifications,’ says IBISWorld’s General Manager (Australia), Robert Bryant.
If you’re interested in getting into child care, check out a range of childcare and children’s services courses.
Nowadays, being ‘treated like a dog’ isn’t such a bad thing if the range and popularity of veterinary services is anything to go by. Growth in the industry resulting from increased diversification and a wider array of pet services such as animal chiropractic, ophthalmology, dentistry and dermatology will create 26 per cent employment growth over the next five years.
‘We’re seeing a strong and ongoing trend of people spending more on their pets and it seems we just can’t do enough to improve their lives and prolong the time they’re with us. As a result, both veterinarians and veterinary nurses are in high demand, with wages growth tipped at around 4.5 per cent per annum,’ says Robert Bryant of IBISWorld.
This trend explains the popularity of DIY animal care courses as people seek to take better care of their pets – and perhaps save on vet fees in the process.
Transport and logistics is a $100 billion industry in Australia and is expected to expand by another 23 per cent by 2016.
Transport and logistics experts manage the transport, storage and distribution of goods into, out of and throughout Australia – from produce to minerals and manufactured goods for industry and the wholesale and retail markets.
‘This is a sector which has slowly been transformed from dusty warehouses and casual truckies to a sophisticated, hi-tech industry with integrated logistics networks employing around 370 000 Australians,’ says Bryant.
As the industry becomes increasingly complex, more sophisticated training is required. ‘Growth in international trade has reshaped these networks, which have become increasingly complex and therefore require highly skilled and well-trained logistics managers. Limited tertiary courses in this field and strong growth in demand has resulted in an undersupply of skilled labour,’ says IBISWorld’s Robert Bryant.
If you want to get in on the action, check out our tertiary transport and logistics courses.
The ageing of the population is putting immense pressure on health services as a result of both increased demand and the ageing of the healthcare workforce. Of all sectors, health care is expected to experience the greatest wages growth – over 20 per cent by 2016 – and employment growth of almost 17 per cent.
There will be ongoing demand for qualified surgeons, anaesthetists, occupational therapists, medical technicians, radiologists, paediatricians and ambulance officers. Allied health professionals such as physiotherapists will also enjoy strong demand as their services become increasingly popular with the elderly. Assistants (such as physiotherapy assistants) will also be needed to help free up and better utilise practitioners’ skills.
‘Physiotherapists are in particularly high demand to manage conditions that become more prevalent with age, such as cardiovascular conditions, diabetes, arthritis and musculoskeletal problems; growth in household disposable incomes will further promote growth in this industry,’ says Bryant.
Browse health care-related courses.
The finance sector has rebounded remarkably since the economic downturn and rounds out the top five hottest industries, with expected growth of over nine per cent by 2016.
The area of greatest expansion in this sector will be the securitisation industry, with projected employment growth of 29 per cent between 2011 and 2016, and annualised wage growth of 20.8 per cent, according to IBISWorld.
Opportunities will also abound in share registry services, mortgage broking, foreign banking and superannuation fund management. Uni grads looking for solid career prospects would do well to seek jobs as business analysts, dealers, bankers and risk managers in these areas.
If a career in finance interests you, choose from our selection of finance courses.