Labour Market Analysis Report
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Manufacturing (XXXX) Industry by XXXX
TABLE OF CONTENTS
SEC
PAGE
1
Executive Summary Labour Supply and Demand
3
2
3
3
Economic Overview – Industry
3
4
PMP Chullora’s Current Workforce Position
4
5
External Labour Supply – Current and Future
5
6
Workforce Planning Recommendations
6
2
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Executive Summary
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