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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
Website
Address
+61 2 8824 3422
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Suite 105, 29 Solent Circuit,
Norwest, NSW 2153
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