Employment Trends

1. Hybrid Work Remains Dominant

Source: PwC’s Australian Work Futures Report
Hybrid work is now the standard across Australia and New Zealand. As employees demand flexibility, a large majority (72% in Australia) are seeking hybrid roles. This trend is not just a pandemic-era adjustment but a long-term shift, with companies embracing it for both productivity and employee retention. Key Takeaway: Hybrid work is here to stay and will continue to shape talent attraction and retention strategies in 2024 and beyond.

Link: PwC’s Australian Work Futures Report

2. AI & Automation Will Reshape the Workforce

Source: McKinsey & Company
The rise of AI and automation will fundamentally change job roles, especially in sectors like manufacturing, healthcare, and finance. While automation will replace some tasks, the demand for human-centric roles—requiring creativity, strategy, and leadership—will increase. Key Takeaway: Continuous upskilling and adaptability will be essential for workers to stay relevant in an AI-driven world.

Link: McKinsey Report on AI and Automation

3. Talent Shortages Will Intensify

Source: Australian Industry Group
Talent shortages, particularly in tech, healthcare, and skilled trades, are expected to continue. In Australia, 90% of employers are struggling to find skilled workers. The situation is similarly challenging in New Zealand, especially within high-demand sectors like software engineering. Key Takeaway: Companies must focus on employee retention, competitive compensation, and training programs to address these shortages.

Link: Australian Industry Group Report

4. Employee Wellbeing and Mental Health Are Critical

Source: KPMG’s Wellbeing at Work Report
Employee wellbeing, including mental health, continues to be a top priority. Employees are increasingly seeking workplaces that support work-life balance and mental health resources. Companies offering flexible work schedules, wellness programs, and mental health initiatives will be more attractive to talent. Key Takeaway: Prioritizing wellbeing will be essential for companies to foster engagement and productivity in 2024 and beyond.

Link: KPMG’s Wellbeing Report

5. Green Jobs and Sustainability Are Key Growth Areas

Source: Clean Energy Council – Clean Energy Australia Report
Australia's renewable energy sector is booming, with over 40,000 green jobs expected by 2030. Both Australia and New Zealand are prioritising sustainability, with increased demand for jobs in renewable energy, sustainability consulting, and environmental tech. Key Takeaway: Sustainability will drive job creation and innovation, making green careers a focus for the next decade.

Link: Clean Energy Council Report

Heading into 2025: Key Takeaways

1. Hybrid work is now permanent and will continue to shape company culture and talent retention strategies.

2. AI and automation will transform industries, with a focus on reskilling workers for more strategic and creative roles.

3. Talent shortages across key sectors like tech and healthcare will demand innovative recruitment and retention strategies.

4. Employee wellbeing will be a key differentiator for employers, as mental health and work-life balance become top priorities.

5. Green jobs and sustainability-focused roles are on the rise, with massive growth expected in renewable energy sectors across both Australia and New Zealand.