The Emerging Generation and the Future of Work

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The Emerging Generation andthe Future of Work:5 Global Trends Creating Local Opportunities

Mark McCrindleCareer Hub LaunchWednesday 28 April 2021

VUCA

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VolatilityUncertaintyComplexityAmbiguity

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The pace of change has never been this fast

and it will never be this slow again.

J U S T I N T R U D E A U

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The pace of change has never been this fast

and it will never be this slow again.

J U S T I N T R U D E A U

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“COVID-19”February 2020

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“Social distancing”March 2020

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“Lockdown”April 2020

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“Superspreader”May 2020

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“Unprecedented”2020

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Resilience amidst the pandemic

Source: McCrindle nationally representative survey October 2020mccrindle.com.au

57% 2020 was the most difficult year of my life

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Australia: COVID-19 new confirmed cases, daily count

Resilience amidst the pandemic

Source: McCrindle nationally representative survey October 2020mccrindle.com.au

87% Even though COVID has presented unprecedented challenges I have found myself to be resilient amidst the circumstances

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01.

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Demographictransitions

Population growth… and slowdown.

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0

5,000,000

10,000,000

15,000,000

20,000,000

25,000,000

30,000,000

200 years of growth in Australia (1818-2018).

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-100,000

-50,000

0

50,000

100,000

150,000

200,000

250,000

300,000

2019 2021 2023 2025 2027 2029 2031 2033

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-100,000

-50,000

0

50,000

100,000

150,000

200,000

250,000

300,000

2019 2021 2023 2025 2027 2029 2031 2033

Actual NOM

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-100,000

-50,000

0

50,000

100,000

150,000

200,000

250,000

300,000

2019 2021 2023 2025 2027 2029 2031 2033

Series B Actual NOM

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Australia, today

25.7m

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Australia, 2031 (COVID update)

29m

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Australia towards 2031: Decade of internal migration

Livability

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Affordability

Regional population growthEmployabilityWFH

Regional investmentEconomic

growth

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Housing change on the horizon

Source: McCrindle nationally representative survey October 2020

Australia’s population: 1980

Median age: 28

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Australia’s population: 2020

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Median age: 38

Australia’s population: 2060

Median age: 42

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02.

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The future of work

The future

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The futureAgeing population

Cultural diversity

Lifelong learning

Remote working

Gig economy Artificial intelligence

Changing population

Robotics

Digital economy

Internet of Things

Predictive analytics

Generational diversity

Big data

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Rise of the regions

Global trends

Wellbeing

Emerging careers

Automation

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WFH

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The biggest transformation to work in a century

The new normal

78%

Source: McCrindle nationally representative survey April 2020

Agree working from home will become the new normal

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Everyone working from home all the time

A hybrid of work from home and the workplace

25%

14%

62%

Everyone working from the workplace all the time

Source: McCrindle nationally representative survey October 2020

The future of work will be hybrid

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Six generations

BuildersAge: 76+

BoomersAge: 57-75

Gen XAge: 42-56

Six generations

BuildersAge: 76+

BoomersAge: 57-75

Gen XAge: 42-56

Gen YAge: 27-41

Gen ZAge: 12-26

Six generations

BuildersAge: 76+

BoomersAge: 57-75

Gen XAge: 42-56

Gen YAge: 27-41

Gen ZAge: 12-26

Gen AlphaAge: under 12

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Social media marketer. Medical nanotechnologist.

Cyber security professional.

Digital services officer.

UAV operator.

Blockchaindeveloper.

Cognitive computeranalyst.

App developer.

Data visualisation designer.

Virtual reality engineer. Robotics technician.

UX manager.

JOBS

OF THE

FUTURE

Coder.

mccrindle.com.auSource: LMIP Department of Jobs and Small Business 2019

Employment growth to 2024, by industry

mccrindle.com.auSource: LMIP Department of Jobs and Small Business 2019

252,568

172,436

129,345

113,662

Health Care and Social Assistance

Professional, Scientific and TechnicalServices

Education and Training

Construction

Employment growth to 2024, by industry

mccrindle.com.auSource: LMIP Department of Jobs and Small Business 2019

252,568

172,436

129,345

113,662

Health Care and Social Assistance

Professional, Scientific and TechnicalServices

Education and Training

Construction

Employment growth to 2024, by industry

mccrindle.com.auSource: LMIP Department of Jobs and Small Business 2019

252,568

172,436

129,345

113,662

Health Care and Social Assistance

Professional, Scientific and TechnicalServices

Education and Training

Construction

Employment growth to 2024, by industry

mccrindle.com.auSource: LMIP Department of Jobs and Small Business 2019

252,568

172,436

129,345

113,662

Health Care and Social Assistance

Professional, Scientific and TechnicalServices

Education and Training

Construction

Employment growth to 2024, by industry

mccrindle.com.auSource: LMIP Department of Jobs and Small Business 2019

252,568

172,436

129,345

113,662

Health Care and Social Assistance

Professional, Scientific and TechnicalServices

Education and Training

Construction

Employment growth to 2024, by industry

These top four industries are projected to make up three fifths (62.1%) of total employment growth over the next 5 years

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Employment growth to 2024, by occupation

Source: LMIP Department of Jobs and Small Business 2019

109,488

98,466

77,592

76,891

63,221

57,922

54,950

52,037

41,245

37,605

Carers and Aides

Business, Human Resource and Marketing Professionals

Health Professionals

Specialist Managers

ICT Professionals

Education Professionals

Legal, Social and Welfare Professionals

Design, Engineering, Science and Transport Professionals

Road and Rail Drivers

Construction Trades Workers

The key characteristic of a leader is foresight. The reason they can lead is that they see things not just as they

are, but as they will be.

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03.

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Digital integration

Digital integrators

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Digital integrators

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1 2018, Smartphone ownership in Australia, Statistica

Digital integrators

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1 2017, Commscope ‘The Generation Z Study of Tech Intimates Reveals and Always-On Mindset, Commscope

Global connections and social influence

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Global connections and social influence

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1 2018, Gen Z Spending Habits: an Infographic, Alabama Media Group

Visual communication is an expectation

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1 2018, Teens, Social Media & Technology 2018, Pew Research Center

Visual communication is an expectation

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1 2018, Teens, Social Media & Technology 2018, Pew Research Center

Visual communication is an expectation

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1 2018, Teens, Social Media & Technology 2018, Pew Research Center

Visual communication is an expectation

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1 2018, Teens, Social Media & Technology 2018, Pew Research Center

Visual communication is an expectation

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1 2018, Teens, Social Media & Technology 2018, Pew Research Center

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The age at which we’re exposed to anew technology or transformative event

determines how embedded it will bein our psyche and lifestyle.

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4,000 years ago

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4,000 years ago

and we’re back…

Digital

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Mobile

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Global

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Social

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Visual

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04.

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The focus on wellbeing

The role of work in our lives

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We spend more than a third of our waking hours over more than half of our life at work

Attitudes to work

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Work:Activity involving mental or physical

effort done in order to achieve a purpose or

result

To some work is simply a job. To many more it’s a lifeline to social interaction,

purpose and a place of belonging.W O R K W E L L B E I N G , P G 8 3

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Generation Z fear not living fulfilling lives.

Source: McCrindle Gen Z survey 2019

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Generation Z fear not living fulfilling lives.

Source: McCrindle Gen Z survey 2019

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Generation Z fear not living fulfilling lives.

Source: McCrindle Gen Z survey 2019

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Generation Z fear not living fulfilling lives.

Source: McCrindle Gen Z survey 2019

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Attitudes to work

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Attitudes to work

Many young people leave jobs not because there is a compelling

reason to leave, but because there is no compelling reason to stay.

05.

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The importance of leadership

Leadership style

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Attitudes to leadership

“FIRINGS WILL CONTINUEUNTIL MORALE IMPROVES!”

It is desirable that leaders bring intelligence, but it is essential that they exercise empathy.

Leaders of head and heart are best placed to innovate amid disruption and engage across

diversity.W O R K W E L L B E I N G , P G 1 3 0

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The success of a leader is measured not by what they achieve in their tenure,

but by what they set in motion.

W O R K W E L L B E I N G

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T E W

Phone

Email

Website

Address

+61 2 8824 3422

info@mccrindle.com.au

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Suite 105, 29 Solent Circuit,

Norwest, NSW 2153

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