Leslie Massey
Australia's job market is rapidly evolving, with the COVID-19 pandemic, technological advancements, and changing consumer behaviour reshaping various industries. The five highest-growing job industries in Australia are expected to be in the fields of healthcare, education, clean energy, travel and tourism, and information and communications technology (ICT). These industries are projected to experience significant growth in the coming years, driven by factors such as an ageing population, technological innovations, and increasing consumer demand.
| Characteristics | Values |
|---|---|
| Fastest-growing industry | Health Care and Social Assistance |
| Clean energy | |
| E-commerce | |
| Education and Training | |
| Travel and Tourism | |
| Number of workers in the Health Care and Social Assistance industry | 2.2 million |
| Percentage of women in the Health Care and Social Assistance industry | 77% |
| Median age of workers in the Health Care and Social Assistance industry | 40 |
| Most common occupation within the Health Care and Social Assistance industry | Registered Nurses |
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What You'll Learn
Healthcare and social assistance
The healthcare and social assistance industry is Australia's largest and fastest-growing industry. It includes services offered by hospitals, specialist medical services, and other allied health services such as dental and optometry. Registered nurses are the largest employing occupation in this industry, followed by doctors, health service managers, resident medical officers, and aged and disabled carers. Over the next few years, the demand for healthcare professionals is expected to increase due to Australia's growing life expectancy and the impact of COVID-19.
There are various laws, licences, and regulations that apply specifically to businesses in the healthcare and social assistance industry. These include the Australian Privacy Principles, aged care legislation and policies, the National Quality Framework, and Disability Standards and Guidelines. Additionally, federal, state, and territory governments manage the licences and permits required for businesses in this industry, which may include specific goods and services tax (GST) measures.
It is important for businesses in this industry to protect their intellectual property, such as patents for new healthcare inventions or trademarks to protect their brand. Furthermore, there are general work health and safety regulations, as well as state and territory requirements that businesses must adhere to.
The healthcare and social assistance industry is expected to grow by 15.8% over the next five years, outpacing the national average growth rate. This growth is driven by Australia's ageing population, increasing demand for healthcare services, and the impact of the COVID-19 pandemic, which disrupted healthcare services and redirected resources to contain the virus.
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Education and training
The education and training industry in Australia provides teaching and services to students from preschool to university level, as well as vocational education and training, adult and community education, and private tuition. The industry includes roles such as teachers, lecturers, trainers, instructors, and career counsellors.
Education is one of Australia's top five exports, valued at $26 billion in 2019 and $26.6 billion in 2021. The industry is expected to continue growing, with international students and the increasing demand for adult and community education driving this growth. From 2021 to 2026, employment in the education and training industry is projected to increase by 13.4%, with job vacancies growing by more than 25% in the past 12 months. The Australian government is investing $4.1 billion in a 5-year National Skills Agreement and $400 million to support 300,000 TAFE and VET places, bringing the total investment to $12.8 billion over 5 years.
The Australian education technology (EdTech) market is also evolving, currently valued at US$1.4 billion and expected to grow. EdTech organisations target the primary, secondary, and higher education sectors, offering online courses, educational content, learning management systems, and teaching tools. STEM education, including robots and coding, augmented reality/virtual reality, and gamification are some of the most appealing EdTech products in the Australian market.
While universities have struggled with reduced enrolments, private schools are dominating the secondary school market, with revenue growth fuelled by government funding, strong academic performance, climbing enrolments, and increased tuition fees.
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Clean energy
The Australian government has recognised the importance of this sector by introducing the New Energy Apprentice Support Payment, which offers incentives of up to $10,000 for students to develop skills in the clean energy industry. This support reflects the anticipated growth in the sector, with wind farm construction expected to generate $3.5 billion in revenue in 2023-2024 and the solar power industry predicted to have a compound annual growth rate of 20.45% until 2027.
The Clean Energy Careers Guide, provided by the Clean Energy Council, offers a comprehensive overview of the roles and career paths within the Australian clean energy sector. It highlights the in-demand jobs, as well as areas where there is a skills gap, providing valuable insights for those seeking to enter the industry. The guide also covers emerging opportunities in electric vehicles, bioenergy, offshore wind, and hydrogen technologies.
With the increasing focus on renewable energy sources, there are numerous job opportunities in Australia's clean energy sector. These include roles in wind and solar energy, as well as emerging technologies such as storage batteries, electric vehicles, and hydrogen projects. The transition to clean energy relies on professionals from diverse fields, including engineering, project development, and compliance.
Overall, the clean energy industry in Australia is experiencing significant growth, driven by technological advancements, government incentives, and a growing demand for renewable energy sources. This trend is expected to continue, creating numerous job opportunities and contributing to the country's energy transition.
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Travel and tourism
Australia's travel and tourism industry has experienced a significant rebound following the COVID-19 pandemic. In 2020 and 2021, the sector's GDP and international visitor numbers declined sharply, hitting an all-time low. However, as of 2023, the industry is witnessing a strong recovery. International visitor numbers are steadily increasing, with Australia recording 6.1 million international trips in the year ending in September 2023. This rebound in tourism is driven by several factors, including the easing of international travel restrictions and the country's diverse natural attractions.
The Australian government has played a pivotal role in promoting tourism. In 2010, the government released the Tourism Industry Potential report, which estimated the industry's worth at up to $140 billion in overnight expenditure. China was projected to be the largest economic contributor to Australian tourism by 2020, and by 2019, Chinese visitors had reached a peak of over 1.4 million, contributing approximately $12 billion to the economy. Other top source countries for visitors to Australia include New Zealand, the United States, and the United Kingdom.
The diverse landscapes and unique wildlife of Australia have also drawn tourists worldwide. From the iconic Great Barrier Reef to the Outback and vast bushlands, Australia offers a range of experiences that appeal to nature enthusiasts and adventure seekers. The country's coastal capital cities, mountain retreats, national parks, and wine-growing regions further enrich the tourism landscape.
The travel and tourism industry in Australia provides numerous job opportunities, especially for school leavers. The most in-demand roles within this sector for 2022 and 2023 include waiters/waitresses, cooks, chefs, bakers, and pastry cooks. These roles are expected to be highly sought-after as domestic and international tourism continues to flourish in the post-pandemic era.
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Cybersecurity
The cybersecurity occupation encompasses a diverse range of technical and non-technical roles. Technical roles include architecture and operations, requiring strong technical knowledge of networks, operating systems, and security tools. Non-technical roles, on the other hand, incorporate elements of law, risk, communications, and psychology. For example, a cyber-security specialist is responsible for safeguarding sensitive information and systems from digital threats, monitoring and analysing networks for vulnerabilities and suspicious activity, and designing and implementing security measures.
The demand for cybersecurity talent is driven by the increasing frequency and sophistication of cyber threats, as cyber-crime continues to boom in Australia, impacting both small and large businesses. Organisations are becoming more reliant on mobile devices and cloud-based technologies, making them more vulnerable to information fraud and data breaches. As a result, companies are seeking specialists and engineers who can protect their data and provide secure data handling connections for remote employees.
To address the skills shortage, educational institutions in Australia have begun to offer new cybersecurity degrees and courses, partnering with employers to design curricula that meet industry needs and provide on-the-job training opportunities. However, there is a lack of centralised information about career pathways and training requirements for different cybersecurity roles, making it challenging for workers considering a transition into the sector.
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