Reasons You Should Consider Employment In Aged Care Sector

Posted by KONCHECK on July 08, 2021

 

Contents:

1. The Aged Care Sector in Australia 

2. The Current Situation

3. Economic Contribution - Aged Care Sector

4. Aged Care Workforce & Skill Requirements

5. Future Trends in Australian Aged Care

In our previous post, we have seen the main sectors for employment in the aged care industry,

responsibilities of an aged care worker and requirements to work in the aged care sector.

This time we are focusing on why you should be a part of the $13.5 billion and growing aged care

industry. Also, what the sustainable future of the aged care sector looks like and the future trends that

will drive Australia’s aged care sector.

Source: Deloitte Access Economics

Australia is observing a massive economic paradigm shift. As the economy gains momentum, there

seems a huge transition from capital-intensive growth to other sectors, mainly service-based sectors.

1. The Aged Care Sector in Australia

The Australian aged care industry delivers a wide range of services to the aging population as per

their need. The sector plays a vital role in balancing both sides, one of which is to provide support,

facility, and quality care to older Australians and on the other, contributing a major chunk towards

Australia’s GDP.

There are three different types of aged care services:

1. Home and Community Care (HACC)

2. Home Care; and

3. Residential Care

The above services are delivered by over 2,000 aged care providers in Australia regulated by for-

pro�t, not-for-pro�t, and government service providers.

Meanwhile, you can also read why a criminal history check may be mandatory in the nursing or aged

care industry.

2. The Current Situation

The Australian Bureau of Statistics states that among 24.7 million Australians in 2018, one in every

six (15.9% or 3.9 million people) was aged 65 years and over. The aging population will massively

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affect the demand and need for aged care services.

Additionally, the Deloitte Access Economics report states that the population aged 65 and over is

forecast to more than double in size over the next 40 years from around 3.6 million in 2014-15 to

around 8.9 million in 2054-55.

Another key takeaway also suggests that the aging population is living longer due to the advances in

medicine and technology.

3. Economic Contribution: Aged Care Sector

The economic contribution of the aged care industry is taken into consideration keeping Direct

Economic Contribution and Indirect Economic Contribution. The direct contribution of the sector has

nearly equaled the revenue generated from other important Australian industries such as residential

building construction, stated the report. 

Moreover, the aged care sector also relies on inputs from other industries for food, accommodation,

medical services, equipment, facilities and has contributed a further $4.1 billion in 2014-15 towards

the indirect economic contribution.

Combining the value generated by both, direct and indirect, the result was $17.6 billion in 2014-15,

which summed up to be approximately 1.1% of the gross domestic product (GDP). More importantly, it

generated 277,500 FTE jobs within the aged care sector.

The breakdown of the direct contribution by the types of aged care services was produced by the Aged

Care Financing Authority in a 2015 report on the Funding and Financing of the Aged Care Industry and

is as follows:

$14.1 billion for residential care;

$1.8 billion for home and community care (HACC); and

$1.3 billion for home care.

4. Aged Care Workforce & Skill Requirements

As per the Aged & Community Service Australia - Over 1.3 million people every year are supported by

the aged care industry through services to support people at home, independent housing, and

residential care.

The sector employs a workforce in diverse areas such as nurses, care workers to management,

hospitality, and administrative staff. One of the excerpts from the study suggests that up to 980,000

aged care workers will be needed by 2050 to meet the demand for aged care services.

Though no formal quali�cation is required to work in the aged care sector, however, recent focus has

been placed on proper training particularly for workers in direct care roles to deliver quality service. It

What are the primary requirements for Aged Care Workers in Australia?

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has been found that a majority of the workforce had post-secondary school quali�cations. For long-

term sustenance, government and industry must allocate a part of funding towards skilled staf�ng,

training, and at least Cert III or IV to improve care quality.  

Furthermore, aged care workers should obtain a police or background check as they would be working

with the vulnerable community members. Volunteers who are willingly signing up for the work should

take up a Volunteer Police Check.

5. Future Trends in Australian Aged Care

5.1 - Rise in Demand For Aged Care Facilities & StaffAlmost 33% of Australia’s baby boomers are past the retirement age of 65 meaning the demand for

aged care facilities is only going to rise. Not to mention that the aged care industry has become a hot

spot for career makers who want steady and reliable employment.

5.2 - Accommodation To Get Costlier The cost of the aged care industry is covered by the federal government and taxpayer citizens. As the

aged care numbers are going to be skyrocketing in the coming decades, the government will �nd it

hard to fund at the current level. New means will be needed to redesign and fund the sector.

Meanwhile, well-off Australians will be needed to bear more fees for aged care accommodation to

offset for those who have little means to support and fund their care.

5.3 - Demand For Better Aged Care AmenitiesThe aging population has already experienced a quality lifestyle and standard of living in their younger

days. This has created a benchmark and would be looking for the same in the aged care lifestyle. They

would be vouching for the facilities with an open arena with ample natural light, outdoor social

activities, and activities that will keep them �t, healthy, and connected to others.

5.4 - Technology Will Play A Signi�cant RoleDigital transformation has paved the way in today’s selecting or buying decisions. Whether it is to

compare facilities, fees, or other services offered by the aged care providers. Moreover, technological

assistance in terms of automating administrative tasks, monitoring, etc., will allow aged care workers

to focus more on the emotional needs of the residents.

For further reference, you can refer to the links below to download the reports mentioned in this article.

Report - Aged & Community Services Australia (Sustainable Aged Care = Stronger Communities, Jobs

And Economic Growth)

Report - Deloitte Access Economics (Australia’s Aged Care Sector: Economic Contribution & Future

Directions)

Wrap Up:

KONCHECK - an ACIC accredited national police check provider helps individuals and businesses to

eliminate risk and promote a safe environment for the Australian community. Try KONCHECK today for

background checks such as National Police Check, Volunteer Police Check, etc., and receive your police

clearance certi�cate within 1-2 business days.

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