Megan Lilly Head of Workforce Development Meeting Employers - - PowerPoint PPT Presentation

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Nov 20, 2023 162 likes •469 views

Megan Lilly Head of Workforce Development Meeting Employers Productivity Needs: Lessons for the Community Education Sector Did you know? Did you know? Did you know? Researchers predict that 65% of todays grade schoolers will hold

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Megan Lilly

Head of Workforce Development Meeting Employers’ Productivity Needs:

Lessons for the Community Education Sector

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Did you know?

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Did you know?

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Did you know?

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Researchers predict

that 65% of today’s grade schoolers will hold jobs that don’t yet exist.

U.S. Department of

Labor estimates today’s learner will have 10 – 14 jobs by the age of 38.

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The Changing Economy

Key Megatrends

Growth in computing power,

connectivity, data volumes, artificial intelligence

Changing employment

markets & organisation structures

The era of the entrepreneur
Continued growth in services

sector

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The Changing Economy

44% of jobs at risk
f digital

disruption

79% of CEOs

concerned by impact of changes in core technology

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The Emergence of the “Gig Economy”

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Entrepreneurialism

Rise of new technology

and digital disruption affecting workforce

Small and agile

businesses operated by young entrepreneurs – technology-based

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Global Innovation Index

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Australia & Global Innovation

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Global Competitiveness Index

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Global Competitiveness Report Australian Performance

Education & Training Innovation

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Switzerland & Innovation

Australia is lagging in these areas

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Occupation and Education

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Employment by Occupation: 1993 and 2014

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High Skill Occupation Growth

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Projected Growth by Industry

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Projected Occupational Growth

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Fastest Growing Employment

19% growth: ICT professionals 23% growth: Design, engineering, science and transport professionals

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International Comparisons

STEM jobs in the US are growing 3 times more than non-STEM jobs … … expected to grow twice as fast by 2018

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STEM and the Workforce

University STEM Qualifications

75% professionals, managers

VET STEM Qualifications

41% technicians, trade workers 25% professionals, managers

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Prepared Workforce?

Australia ranks overall

18 out of 130 countries

Ranked 5th for high

tertiary participation in 15 – 24 age group

However, skills diversity

in the workplace and education is relatively low

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STEM and Innovation

A STEM education underpins innovation and plays a critical role in economic and business growth. But Australia is lagging on key indicators of STEM.

A smart move, PwC

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STEM and the Economy

STEM skills jobs fastest growing rate in economy 65% of economic growth per capita 18% of workforce have STEM qualifications

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Skilling Implications

Education and training is becoming more important
Higher level skills are becoming more important
New capabilities needed for new jobs of future
The need for digital literacy
Importance of STEM skills

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The Way Forward

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Industry 4.0 Higher Apprenticeship Program

Ai Group, Siemens Ltd and Swinburne University of

Technology

New qualifications: Diploma and Associated Degree
f Applied Technology
Delivered in apprenticeship mode
Providing a blend of vocational education and higher

education

New direction for industry and tertiary education in

Australia

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