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Labour Market Analysis Report
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Manufacturing (XXXX) Industry
TABLE OF CONTENTS
Executive Summary Labour Supply and Demand
Economic Overview – Industry
PMP Chullora’s Current Workforce Position
External Labour Supply – Current and Future
Workforce Planning Recommendations
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Australia’s XXXXX and Graphic Arts Industry provides crucial services to businesses and organisations across all sectors of the nation’s economy. The industry as whole boasts a workforce of between 100,000 and 120,000 individuals. The industry however has been under pressure with the economic downturn of 2008-2009 resulting in a severe impact on advertising and sales and hence, less XXXXed material. Growth is slow and statistics concur that economic conditions are a long way from recovering to pre-downturn levels. Economic impacts have had a negative contribution to supply and demand for labour in the manufacturing (XXXXX) industry market resulting in skills shortages due to subdued business activity and lack of confidence in the future of the industry. This report will detail the trends in the current market and provide recommendations on workforce planning strategies
Labour Supply and Demand
In surveying general labour trends over the year period, according to ABS data (Australian Bureau of Statistics) the unemployment rate has remained stable at 5.1% with employment opportunities overall increasing by 1.3%. This shows growth in the overall labour market; however this is not reflected in statistics in the manufacturing industry. In the period Aug 10 – Aug 11, job vacancies in the manufacturing industry have decreased by 26%, from 14.0 to 10.4 (unit ‘000). This is in vast contrast to the overall labour market trend of vacancies increasing by 1% over the same period. Assumptions can be made that the unemployed market moving into the vacancies are being accommodated in other industry sectors due to availability and economic decline of the manufacturing industry overall. It is encouraging to note that studies undertaken by the National Centre for Vocational Education Research (NCVER) have shown that numbers of apprenticeship completions for the XXXXX trades’ area have been increasing over recent years which could result in a new supply of qualified workers entering the labour market over the next few years. This will assist the industry to fill vacancies in the future in an area which has shown traditional shortages over the past 5 years.
Economic Overview - Industry
According to a recent report issued by XXXXNet Australia, economic conditions in the XXXXX industry continue to remain stagnant with very limited growth indicated. Their report relies on data from the ABS and the barometer to measure industry growth (industry gross value add) represented a deterioration of 0.2% for the full year period to June 2011.
The XXXXX Industry Trends Report for the September 2011 quarter shows further decline in trading outcomes for key indicators such as orders, production, sales, net profits, employment and overtime levels. This report additionally confirms that capacity utilisation rates are 16% lower than the corresponding period in 2010. With the rate of growth in the industry slowing down so substantially, it is projected that the industry could slide into another recessionary period should this downward trend not be reversed soon. Specific labour requirements in this industry should be forecasting for a period of downsizing, rather than growth in the market. Stability could remain for XXXX businesses that are still seeing gross profit sustainability, however for those who represent the sector of the industry with reduction in sales, production and profits a labour downturn will more than likely result.
XXXX Current Workforce Position...
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