skill shortages

Your skills, like any form of commodity, fluctuate in value according to the conditions of the market. That is, they’re tied to the laws of supply and demand. When there are too many people working in an industry, wages stagnate or, in some cases, even drop. In the same way, when there aren’t enough people for the demand (ie, there’s a skills shortage) employers will raise wages in order to attract more people into the industry. Being aware of the job climate, can help you position yourself in the market and inform you educational and vocational decisions.

Earlier this year, the¬†Department of Education, Employment and Workplace Relations released a report detailing skills shortages in NSW. Here’s our break-down of the data.

 List of Skills Shortages

  • Child Care Centre Manager
  • Urban and Regional Planner
  • Civil Engineering Professionals
  • Electrical Engineer
  • Mechanical Engineer
  • Early Childhood Teacher
  • Secondary School Teacher
  • Special Need Teacher
  • Occupational Therapist
  • Midwife
  • Speech Pathologist
  • Registered Nurse
  • Automotive Trades Worker
  • Construction Trades Worker
  • Optometrists
  • Petroleum Engineer

Trends

From the above list, a few patterns we can pull out is that engineering, education, healthcare and trades are all in demand but in specific work-areas and localities. What this data doesn’t show is that most of these skill shortages are usually contained to rural areas or because of recruitment difficulties as opposed to actual shortages. In this, if you’re willing to go bush and move to a rural area, there’re plenty of jobs and quite a bit of moolah out there.

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