Tuesday, September 07, 2010

Employment

The Australian economy is a successful capitalist, market economy- open, competitive and aided by a dynamic private sector and a skilled, flexible workforce.

Australia has experienced strong economic performance over the last decade and this excellent economic climate is underlined by strong results in terms of economic growth, low inflation, low unemployment and low interest rates.

This long term trend is set to continue. Currently there are over 150,000 jobs advertised each week and unemployment is at its lowest level in 10 years. Indeed official Australian Government statistics confirm 89% of Skilled Independent visa holders gain employment within the first six months and 92% within 18 months of arrival in Australia.

You can search for official economic statistics on the following websites:

The Reserve Bank of Australia
http://www.rba.gov.au/Statistics/

The Australian Bureau of Statistics
http://www.abs.gov.au/

Consensus Economics
http://www.consensuseconomics.com/index1.htm

Labour Market Trends

The Australian government led by John Howard has made significant industrial Relations reform which have resulted in structural improvements in the workplace over the last decade. These reforms have contributed to the growth in job creation and productivity. In the last two years, employment has grown by more than 2% per annum.

Statistics also indicate that in 1999 - 2000, 24% of the labour force was comprised of employees born in countries other than Australia.

More recently there has been a significant shift from employment in the manufacturing industries to service industries. Approximately 36.5% of Australians now work in professional, technical, managerial or administrative jobs.

Working Conditions

In Australia there are laws in place which regulate employment and working conditions. Under the Workplace Relations Act 1996 , federal or state awards (collective agreements between the government and an industry group, or an employer and a group of employees and the government), or individual workplace agreements guarantee employees working conditions, minimum rates of pay, allowances, overtime, hours of work, holiday/sick leave and the right of freedom of association (option to join a trade union or any other organization).

You can view more information on working conditions in Australia by visiting the following websites:

Workplace
http://www.workplace.gov.au/

WageNet
http://www.wagenet.gov.au/

Wages
http://www.wages.com.au

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