Graduate Employability. Brooke Young, Director, Monash Professional Pathways

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1 Graduate Employability Brooke Young, Director, Monash Professional Pathways 1

2 Topics we will cover The changing job market & future of work Graduate Employability Fast Facts Skills that universities value Skills that industry values How graduates thrive in today s job market Approaches to career management 2

3 But first - my career journey 3

4 Future of Work Jobs and the nature of work are changing What is driving the change? Technology, automation and artificial intelligence Organisational requirements Economic factors such as the shift from valuing goods to valuing intellectual assets Globalisation 4

5 Future of Work 5

6 Fast facts 12 Average number of times Baby Boomers change jobs Millennials change jobs every 3 years or less 30-40% of workers are now employed on contingent basis Most CEOs changing organisational structure to make jobs more dynamic and leverage contingent labour 6

7 Activity Changing jobs Everyone stand up Think of how many jobs you have had in the past 5 years Sit down if you have had 1 job in the last 5 years Sit down if you have had 3-5 jobs in the last 5 years Sit down if you have had 7 jobs in the last 5 years 7

8 Graduate Employability Fast Facts Australian Bureau of Statistics % graduates unemployed % Graduates Employed F/T % Graduates Employed F/T Uni-educated men in their 20s earn $23-28k more than peers Uni-educated women in their 20s earn $5-24K more than peers Source: The Australian, 3 May

9 Skills that universities value Academic distinction Discipline knowledge Critical, creative thinkers with strong reasoning skills Active citizenship Engaged with contemporary local, national and global issues Appreciation of the Asian region, Indigenous knowledge, culture and values High regard for human rights, social inclusion, ethics and the environment Integrity and self-awareness Motivated, self-directed and well-organized 9

10 Skills industry is looking values Traditionally industry looked for technical skills Now industry looks for Soft skills Showing how quickly you can learn Your ability to influence and solve problems 10

11 11

12 Getting a job is changing for graduates

13 Myth = 13

14 What graduates need to do to secure a job in 2017? Casual job LinkedIn Networking Work readiness training Upskilling Connecting with alumni Good grades Volunteering Connecting with recruiters Attending conferences Blogging Joining an association + = 14

15 Test your knowledge 1. What jobs will be in most demand in 2019? 2. Who are Australia s largest employers? 3. What are the top 3 skills employers are looking for? 4.What can you do to prepare for a great future? 15

16 Answers 1. General clerks 2. Public service, Wesfarmers, Woolworths, BHP, Rio Tinto, Big 4 banks, Telstra, Qantas 3. Verbal communication, Teamwork and Problem Solving 4. Do what you enjoy and that is aligned with your career anchors 16

17 All industries and jobs were growing in early

18 Global job growth 18

19 Where do graduates live, work and what do they do? 19

20 Approaches to career management Need to keep current Focus on human skills (eg, those that can t be automated) Productivity challenges: multi-devices and barriers between work and life fading Moving from job to job and role to role faster From To Education Work Retirement Education Work Leisure 20

21 Supporting others with career management Help your staff to understand disruption Automation and AI taking over process driven tasks Use of technology to make customer and employee experience better = reduced cost and mundane tasks, adding value to customer interactions From jobs description apply for job assess for fit keep doing job To empower people in small teams link teams together build organisational culture to keep people aligned and let people innovate, deliver and serve customers 21

22 Preparing graduates for career success now and in the future Things are changing We need to change how we think about our careers Continuous upskilling will be essential There is a need to maintain up-to-date industry connections and market knowledge 22

23 A lifetime of employability rather than a lifetime of employment - Denise Rousseau 23