Australia is on the cusp of a blockbuster talent pipeline boom with big names such as Robbie Farah and David Pocock expected to jump on board to boost the countrys top flight.
Key points:Tasmania is poised to be a key player in the global race for talentAustralia is on track to become a global centre for talent, according to a new reportIt’s expected the country will have the biggest talent pipeline in the world with marquee players like David Pococks, Robbie Farahs, David Gower and Aaron Woods expected to join it at the top The talent pipeline for the ACT, South Australia and Queensland is poised for a huge surge as the country prepares for a massive influx of top talent.
The report by TalentPipeline.com, a consultancy firm, says Australia is set to have the largest talent pipeline of any country in the top tier of the talent market.
“This is the strongest talent pipeline on the planet,” the report says.
“It will create more jobs, create more income and will help the economy.”
While the report predicts the ACT will be a global player in talent, the ACT is also set to become the most populated state in the country with an estimated 20 per cent of the population expected to be eligible for the top talent pipeline.
Key Points:The ACT is set for the biggest number of top-end talentThe ACT has the highest number of talent-rich employers in the nationThe ACT and South Australia have the highest proportion of employers in which a significant number of workers are IndigenousA new report commissioned by Talent Pipeline.com says the ACT has been the most populous state in Australia, with an expected 20 per per cent population, with a workforce of approximately 2.3 million.
The ACT also has the most talent-intensive employers in Australia with almost 80 per cent having a workforce comprised of over 25 per cent Indigenous people.
In the past, the state has also been a stronghold for regional talent, with the vast majority of its talent coming from the Gold Coast.
“There’s a lot of talent coming in from overseas and the talent coming into the ACT from overseas is very good,” said Steve Ritchie, director of TalentPips.com.
“If you’re in a regional town in the Gold and Sunshine Coast, you’re going to be much more attracted to that location.”
The report also predicts the number of people working in the ACTs largest city, Canberra, will rise from just over 3,200 people to 4,300.
The most likely destinations for the next wave of talent will be the Sydney region and the Goldfields.
While the ACT currently has one of the highest rates of Indigenous people in the Commonwealth, it has a far lower proportion of people of Indigenous heritage.
In fact, the figure is less than half that of NSW and Queensland.
“The ACT’s Indigenous population is very high compared to the rest of the Australian states and territories,” the Talent Pipeline report says, adding that the ACT’s proportion of Indigenous Australians is just under half of the rest.
“In terms of its Indigenous representation, we’re one of a few states that have the lowest number of Indigenous members of staff.”
It also predicts that there will be an increase in the number or Indigenous-led business over the next two years.
“By the end of 2020, the number and the size of the business in Canberra will increase significantly from the current levels of approximately 600 people,” the study said.
The talent pipeline will see a huge influx of talent in the coming yearsThe report suggests that in the decade ahead, the growth in the workforce in the Canberra area will more than double, from about 3,300 people to 5,600.””
While the number is low, it is the result of a growing number of businesses with an Indigenous workforce.”
The talent pipeline will see a huge influx of talent in the coming yearsThe report suggests that in the decade ahead, the growth in the workforce in the Canberra area will more than double, from about 3,300 people to 5,600.
“As the number increases, we will see the number grow from about 600 to about 6,300,” the team behind TalentPipe.com’s report said.
While the majority of people in Canberra are already employed, the average number of hours worked per person will increase from about 45 to 50.
“Over the next 10 years, the Canberra-Greenslade will become the second largest city in the capital of Australia,” the authors wrote.
“With over a quarter of Canberra’s population living in poverty, the area will see an influx of skilled workers.”
The Canberra-Greeneslade region is the second-largest city in AustraliaSource: TalentPIPE.comThe ACT government has already announced plans to increase the number to 6,500 by 2023.
The region has already seen an influx in talent with the ACT Government announcing plans to expand the number from around 400 to 600 by 2026.
The number of regional councils in the region is expected to increase from around 3,500 to 5:30,000.
But the ACT government is