19th April 2021

How are predictions about AI playing out in the jobs market?

Tech

How the future of work is being shaped by automation in Australia

For several years, there has been widespread speculation that Artificial Intelligence (AI) is going to create radical change for the global jobs market. In June 2015, one particular story emerged from down under, which proclaimed: “Five million jobs to be lost in 15 years due to new technology, report warns”.

The article, which featured data from CEDA (the Committee of Economic Development of Australia), warned that computerisation and automation could see more than 6 out of 10 jobs in rural and regional Australia vanish.

No doubt, this had the effect of alarming some of the population employed in rural and regional Australia. Some six years on, how are these fears playing out?

Recruiter takeaways: Innovate and help people to upskill

Of course, since then, research has emerged that lets us see how the situation is developing and which provides some takeaways.

RecTech for a rapidly changing global jobs market from ETZ

So, what are the lessons from Australia for the global jobs market? Unlike some developed economies, Australia has had something of an economic boom for almost 30 years. Also, it is somewhat reliant on the mining industry. However, there is certainly a lot for global recruiters to take away from the Australian experience of technology disruption to the wider jobs market.

However the jobs market develops and whatever sector your agency specialises in, ETZ’s leading timesheet, invoicing and payment technology streamlines your back office and ensures you maximise profitability through efficient admin and processing.

To find out more about how we help agencies like yours to adapt to a rapidly changing employment market, call us on 0800 311 2266 or book a demo.



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