Safety Institute of Australia
The Future of Work: The Big PictureBernard Salt
WINNERS
LOSERS
Sydney
Melbourne
Hobart
Adelaide
Perth
Brisbane
Canberra
Australians have always been driven by lifestyle
Source: Based on Australian Bureau of Statistics data; KPMG Demographics
Areas of high population growth (1.5% pa) and net loss between 1992 and 2015
Population1992: 18.0m2015: 24.0m
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Australia must develop a culture of innovation
United States Year USbn1. Apple 1976 522 2. Google 1998 5083. Microsoft 1975 4124. Exxon Mobil 1870 3215. Facebook 2004 3116. Berkshire Hathaway 1955 3107. Amazon.com 1994 2988. Johnson & Johnson 1886 2839. General Electric 1892 26610. Wells Fargo 1852 250
Australia Year USbn1. BHP Billiton 1885 1102. Commonwealth Bank 1911 943. Westpac Banking 1817 72 4. National Australia Bank 1893 51 5. ANZ 1835 50 6. Telstra 1901 48 7. CSL 1916 35 8. Wesfarmers 1914 33 9. Woolworths 1924 22 10. Macquarie Group 1970 18
Source: Bloomberg Terminal Data as at 29 January 2016; KPMG Demographics
© 2016 KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International. Liability limited by a scheme approved under Professional Standards Legislation.
A generation of prosperity has created a culture of aspiration
Source: Based on Australian Bureau of Statistics data; KPMG Demographics
Per cent change in Australian GDP by quarter from March 1960 to March 2016
-1.5
-1
-0.5
0
0.5
1
1.5
2
2.5
3
Mar
-196
0O
ct-1
960
May
-196
1D
ec-1
961
Jul-1
962
Feb-
1963
Sep-
1963
Apr-1
964
Nov
-196
4Ju
n-19
65Ja
n-19
66Au
g-19
66M
ar-1
967
Oct
-196
7M
ay-1
968
Dec
-196
8Ju
l-196
9Fe
b-19
70Se
p-19
70Ap
r-197
1N
ov-1
971
Jun-
1972
Jan-
1973
Aug-
1973
Mar
-197
4O
ct-1
974
May
-197
5D
ec-1
975
Jul-1
976
Feb-
1977
Sep-
1977
Apr-1
978
Nov
-197
8Ju
n-19
79Ja
n-19
80Au
g-19
80M
ar-1
981
Oct
-198
1M
ay-1
982
Dec
-198
2Ju
l-198
3Fe
b-19
84Se
p-19
84Ap
r-198
5N
ov-1
985
Jun-
1986
Jan-
1987
Aug-
1987
Mar
-198
8O
ct-1
988
May
-198
9D
ec-1
989
Jul-1
990
Feb-
1991
Sep-
1991
Apr-1
992
Nov
-199
2Ju
n-19
93Ja
n-19
94Au
g-19
94M
ar-1
995
Oct
-199
5M
ay-1
996
Dec
-199
6Ju
l-199
7Fe
b-19
98Se
p-19
98Ap
r-199
9N
ov-1
999
Jun-
2000
Jan-
2001
Aug-
2001
Mar
-200
2O
ct-2
002
May
-200
3D
ec-2
003
Jul-2
004
Feb-
2005
Sep-
2005
Apr-2
006
Nov
-200
6Ju
n-20
07Ja
n-20
08Au
g-20
08M
ar-2
009
Oct
-200
9M
ay-2
010
Dec
-201
0Ju
l-201
1Fe
b-20
12Se
p-20
12Ap
r-201
3N
ov-2
013
Jun-
2014
Jan-
2015
Aug-
2015
Mar
-201
6
1960s 1970s 1980s 1990s 2000s 2010s
MenziesWhitlam
FraserHawke
GSTGFC
© 2016 KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International. Liability limited by a scheme approved under Professional Standards Legislation.
Australians are dividing the lifecycle into ‘thirds’
0 9010 20 30 40 50 60 70 80
1976Child Teen OldAdult
71
2016Child Adolescence Lifestyle OldRetiredAdult
82
1936Child Adult Old
63
Change in life expectancy over 80 years in AustraliaSource: Based on Australian Bureau of Statistics data; KPMG Demographics
© 2016 KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International. Liability limited by a scheme approved under Professional Standards Legislation.
Jobs on the rise are based around healthcare
Healthcare
Professionals
16 years May 2016 – up 3.0m (8.9m – 11.9m)
Construction
May 2000 – May 2016 (000)Jobs grown: 3,412Jobs contracted: 327Net jobs added: 3,085
Heal
thca
re&
Soci
al A
ssis
t.
Prof
essi
onal
/Sc
ient
ific/
Tech
.
Publ
ic A
dmin
&
Safe
ty
Acco
m &
Foo
d
Adm
in &
Sup
port
Min
ing
Reta
il Tr
ade
Arts
& R
ecre
atio
n
Fina
ncia
l &In
sura
nce
Oth
er S
ervi
ces
Educ
atio
n &
Trai
ning
Who
lesa
le T
rade
Rent
al/h
iring
&Re
al E
stat
e
Info
Med
ia &
Te
leco
ms
Man
ufac
turin
g
Elec
trici
ty/G
as/
Wat
er &
Was
te
Agric
ultu
re/F
ores
try
& Fi
shin
g
Tran
spor
t/Pos
tal/
War
ehou
se
Cons
truct
ion
Source: Based on Australian Bureau of Statistics data; KPMG Demographics
Education
-200
-100
0
100
200
300
400
500
600
700
800
© 2016 KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International. Liability limited by a scheme approved under Professional Standards Legislation.
Baby boomers are transforming the workforce by refusing to retire
-100,000
0
100,000
200,000
300,000
400,000
500,000
600,000
15-19 20-24 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65 plus
Change in Australian workforce (full-time & part-time) July 2000 to July 2016
2000: 9.0 million 2016: 12.0 million Net growth: 3.0 million
Source: Based on Australian Bureau of Statistics data; KPMG Demographics
Gen X Baby BoomersGen Y0.8m or 21% 0.8m or 20% 1.2m or 129%
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Australia is growing jobs in caring, selling, managing and “doing” …
Net change in employment by occupation in Australia over 5 years to 2011Source: Based on Australian Bureau of Statistics data; KPMG Demographics
Number Change 2006-2011
1 Aged or Disabled Carer 30,800
2 General Clerk 30,100
3 Child Care Worker 21,000
4 Electrician (General) 20,100
5 Checkout Operator 20,000
6 Accounts Clerk 17,600
7 Program or Project Administrator 16,000
8 Office Manager 16,000
9 Truck Driver (General) 14,400
10 Sales Assistant (General) 14,000
Number Change 2006-2011
11 Teachers’ Aide 13,900
12 Miner 13,600
13 Barista 13,400
14 Chef 13,100
15 Accountant (General) 13,000
16 Carpenter 11,500
17 ICT Project Manager 11,500
18 Solicitor 11,400
19 Primary School Teacher 11,400
20 Fitter (General) 10,700
© 2016 KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International. Liability limited by a scheme approved under Professional Standards Legislation.
… but is contracting jobs in typing, assembling, farming and “filling”
Net change in employment by occupation in Australia over 5 years to 2011
Source: Based on Australian Bureau of Statistics data; KPMG Demographics
Number Change 2006-2011
11 Dairy Cattle Farmer -3,000
12 Sewing Machinist -2,600
13 Safety Inspector -2,500
14 Switchboard Operator -2,500
15 Mixed Livestock Farmer -2,400
16 Credit or Loans Officer -2,200
17 Residential Care Officer -2,200
18 Analyst Programmer -2,100
19 Integration Aide -2,000
20 Telecommunications Technician -1,900
Number Change 2006-2011
1 Secretary (General) -28,700
2 Corporate Services Manager -14,400
3 Product Assembler -7,800
4 Mixed Shelf Filler -6,400
5 Crop & Livestock Farmer -6,600
6 Medical Laboratory -5,500
7 Office Cashier -4,700
8 Metal Engineering Process Worker -4,500
9 Real Estate Representative -3,500
10 Vineyard Worker -3,100
© 2016 KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International. Liability limited by a scheme approved under Professional Standards Legislation.
Is there an OH&S risk associated with an older truck driving workforce?
Age profile of Truck Drivers (General) between the 2006 and 2011 Censuses
Source: Based on Australian Bureau of Statistics data; KPMG Demographics
2006: 121,000
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
22,000
24,000
15-19 20-24 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65+
2011: 135,400Change: 14,400 or 12%Aged 50+: 40%
© 2016 KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International. Liability limited by a scheme approved under Professional Standards Legislation.
Net growth in population aged 65+ over 100 years in AustraliaSource: Based on Australian Bureau of Statistics data; KPMG Demographics
Australia is embarking upon an “era of ageing”
-
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
1950
1954
1958
1962
1966
1970
1974
1978
1982
1986
1990
1994
1998
2002
2006
2010
2014
2018
2022
2026
2030
2034
2038
2042
2046
2050
1950 20001975 2025 2050
1950: 0.7m2016: 3.7m2050: 7.9m
© 2016 KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International. Liability limited by a scheme approved under Professional Standards Legislation. Source: Icons made by Freepik from www.flaticon.com; KPMG Demographics
Points to consider
The oldest Boomer is now 70 … they
are looking to redefine the
retirement stage of the lifecycle by
remaining longer in the workforce
1
Business opportunities in
succession planning, health & wellness,
reward travel, downsizing, spirituality,
technology, re-partnering
2
More workers working into their
60s increases safety and risk factors … business needs to recalibrate work tasks so as to
minimise OH&S issues
3
The ageing workforce can lead to greater
diversity of management and
operational thinking … older workers hold
corporate memory, business connections and strategic insight
4
© 2016 KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International. Liability limited by a scheme approved under Professional Standards Legislation.
Introducing Australia’s bachelor hot spot …
Mullumbimby1.63:1
Roxby Downs1.88:1
Hotspot suburbs for single men and women aged 25-34 at the 2011 Census
“Highway of Love”
Source: Based on Australian Bureau of Statistics data; KPMG Demographics
Barrier Highway
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@bernardsalt
Bernard Salt Demographics
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+61 3 9288 5047
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Connect
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© 2016 KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMGInternational Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
The KPMG name and logo are registered trademarks or trademarks of KPMG International.
Liability limited by a scheme approved under Professional Standards Legislation.
The information contained in this document is of a general nature and is not intended to address the objectives, financial situation or needs of any particular individual or entity. It is provided for information purposes only and does not constitute, nor should it be regarded in any manner whatsoever, as advice and is not intended to influence a person in making a decision, including, if applicable, in relation to any financial product or an interest in a financial product. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.
To the extent permissible by law, KPMG and its associated entities shall not be liable for any errors, omissions, defects or misrepresentations in the information or for any loss or damage suffered by persons who use or rely on such information (including for reasons of negligence, negligent misstatement or otherwise).
© 2016 KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International. Liability limited by a scheme approved under Professional Standards Legislation.
Our houses have changed … and so too have our expectations
Today1950s
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Australia has a globally unique cosmopolitan culture
Source: relevant local census data; KPMG Demographics
Proportion of city population comprising international-born residents as measured by local censuses
© 2016 KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International. Liability limited by a scheme approved under Professional Standards Legislation.
Smartphone technology has changed the way we live and work
Source: KPMG Demographics
Work within boundaries
Loyalty to Organisation
Organise life around work
20th Century
Work without boundaries
21st Century
Loyalty to Self
Organise work around life
Soft skillsTechnical skills
© 2016 KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International. Liability limited by a scheme approved under Professional Standards Legislation.
From Boomers to Xers and Ys … and finally to Zeds
Source: KPMG Demographics
HierarchicalIndulged their kidsDepression era parentsSandwich generation
Retirement
BABYBOOMERS
■ Born 1946 – 1964■ Today 52 – 70
YGENERATION
Special … bubble-wrapChaotic connectionEntrepreneurialsDisappointed generation?
Skilling up
■ Born 1983 – 2000■ Today 16 – 33
Parents results-orientedYouth in straitened timesHighly educated, globalPragmatists … fixers
School kids
ZGENERATION
■ Born 2001 – 2019■ Today 0 – 15
Forgotten generationWrong place … wrong timeNo workplace guiltAngsty about Ys
Peak work
■ Born 1965 – 1982■ Today 34 – 51
XGENERATION
© 2016 KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International. Liability limited by a scheme approved under Professional Standards Legislation.
New acronyms for our newest tribesPUMCINS …
→ Professional Urban Middle Class In Nice Suburbs
…NETTELs ←Not Enough Time To Enjoy Life
KIPPERS …→ Kids In Parents Pockets Eroding Retirement Savings
…LOMBARDS←Lots Of Money But A Real Dickhead
Source: KPMG Demographics
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