66thth International International Mine Geology Conference Mine Geology Conference

Session 7 – Professional Challenges-Best practice graduate program

guidelines-Our demographic destiny

Tuesday 22 August 2006 Don LarkinCEO The AusIMM

Graduate Program Best Practice GuidelinesGraduate Program Best Practice Guidelines

• Purpose – Tool for AusIMM Student and Graduate Members– Tool for companies (large – ‘tick off’ approach, small

– adoption/start point)– Link to AusIMM Professional Development and CP

Status

• Structure– Part One: Over Arching Principles– Part Two: Discipline Specific Aspects

• Survey - 18% response rate (57 out of 315)

• 39% of respondents felt that their expectations were either only partially met or not met at all

• 60% of respondents stated that their expectations were either partially clear or unclear when commencing their program

• 88% of respondents believed that there was a role for The AusIMM to play as a professional institute in compiling a set of Best Practice Graduate Program Guidelines

• Quotes

Implications of an Ageing Australia, Productivity Commission April 2005

THE CHANGING STRUCTURE OF AGETHE CHANGING STRUCTURE OF AGE

Successfully Managing age in your Organisation

As the population ages a fault line is emerging that separates the past and future landscapes of the Australian workforce. For the foreseeable future, growth in the supply of labour will be firmly concentrated in the group aged 45 years and over.

For every new young person entering the labour market today, there are seven people aged 45 years and over available. By 2010 this will create permanent shortages in the Australian Labour Market forcing organisations to dramatically re-think their employment practices.

The Age Chasm – Drake The Age Chasm – Drake White Paper Volume 2, No. 5White Paper Volume 2, No. 5

Expectation of Life from Birth 1920 to 2051

55

60

65

70

75

80

85

90

Years1920-

22

Years1932-

34

Years1946-

48

Years1953-

55

Years1960-

62

Years1970-

72

Years1980-

82

Years1990-

92

Year1998

Year2005

Year2041

Year2051

Years (Red are projections only)

ABS: Deaths - 3302.0 - 1920-98

Expe

ctat

ion

of L

ife fr

om B

irth

(Yea

rs)

Females Males

Fertility Rates within Australia - 1921 to 2051

1.5

1.8

2.1

2.4

2.7

3

3.3

3.6

Years1921-

25

Years1932-

34

Years1946-

48

Years1953-

55

Years1960-

62

Years1970-

72

Years1980-

82

Years1990-

92

Year1998

Year2005

Year2006-

51

Years (Red are projections only)

ABS: Births - 3301.0 - 1998

Ferti

lity

Rat

es

New entrants to the labour marketNew entrants to the labour marketDiminishing Access to LabourDiminishing Access to Labour

1980’s & 1990’s

2020’s and beyond

Access Economics

Mining

Workforce and Population Age Prof ile: Year 2014

0%

5%

10%

15%

20%

25%

30%

35%

15-19 20-24 25-34 35-44 45-55 55+Age Group

Mining Workforce Australian Population

Potential to maintain engagement

of older workers

Need to engage more younger

workers.

Source: ABS, 2001

Key Risks (Drake)Key Risks (Drake) Increased competition for labour

Expansion of skills shortages

Increased competition for younger people

Increasing mismatch between the available labour pool and the competencies and characteristics required

Loss of operational knowledge, due to low retention rates and exit to retirement

Loss of executive knowledge, due to exit to retirement

Impaired productivity consequences

Falling or stagnating growth

A shifting landscape of health and well being

Limited capacity amongst the organisations managers and leaders to assess and respond to the changed environment

Improve Educational AttainmentImprove Educational Attainment Delaying RetirementDelaying Retirement Improving childcare facilitiesImproving childcare facilities Undertaking Welfare ReformUndertaking Welfare Reform Improving HealthImproving Health

Five Key Drivers of Five Key Drivers of Participation RatesParticipation Rates

Melbourne Institute ReportMelbourne Institute Report

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