The future of work in Australasia: How recruiting is changing
The Australian workforce is 11.9 million and of that number, 38 per cent of employees are open and looking towards a career change. Globally, Australia is a top 10 destination for job-seekers, with many of those roles seeking applicants who are younger, more social and more educated. It is thought by 2020 more than 50 per cent of young people will make up the workforce across Australia.
How will recruitment change across Australasia?
1) More applicants will apply on smart phones:
With most of the world now owning a smart phone, it is expected most job searches and applications will soon come straight from an app platform. Despite this increase, not many employers have updated the job application process to keep up with the evolving technology of smart phones.
Many of those who apply for vacancies via smart phone encounter multiple barriers within a job application process. This could result in companies losing talented applicants who may not have access to desktop computers.
2) Employers will prepare for a recession:
Despite economic growth being relatively stable across the world, companies will still be preparing for a time when the economy is not as established. Companies often come up with plans for how they can continue to invest in talented and highly qualified candidates. Employer branding also plays a role in ensuring companies can stand out from among the competition in the event of a recession.
3) Culture differences:
Many employees now value a company’s unique culture over a pay rise. Surveys have confirmed that today’s candidates are able to get a view on insider culture from websites such as LinkedIn and Glassdoor – meaning companies must prove they are a great place for job-seekers to work. Not only does a solid company culture help hire and retain talent, but it also drives real business results. Companies with a better work culture often perform better financially and have more satisfied customers.
What does the future look like?
Public sharing platforms will soon be the most important influencers for job-seekers in choosing what companies they feel may be a fit for their personality and skillset. Traditional methods of job applying such as CVs and cover letters will be exchanged for social media referrals and networking across different platforms such as LinkedIn or Glassdoor.
Companies may also expect stronger applicants who will fit in with company culture and be well educated. With the move from permanent roles to freelance and contracting work, organisations will need to be able to make all of these transitions within the workplace. Read more about how you can become a Momenta Associate.