The Graduate Labour Market in Sydney Essay Example for Free

The graduate Labour mart in Sydney Essay1. Introduction to Professional Competences BKEY401One of the key out modules of level four was Professional Competences (BKEY401) which took designate over two semesters. The aim of the module was to help identify and analyse professional and personal skills. Also, a further purpose was to use those skills and to develop them to enhance our career prospects. The next paragraphs show an insight of the unlike skills we waste focused on during the module and how it was useful to the individual. The key skills we ware concentrated on were communication, group up exerciseing and exhibit and research skills.2.1. converse Skills gibe to the Dearing Report (1997) employers are seeking following key skills in alums* Communication* Numeracy* The use of information technology* Learning to learn.The Compact Oxford English Dictionary for Students (2006) defines the phrase skill as the ability to do something well. To be successful in the antic you invite to be subject to combine knowledge with skills. During the module Professional Competences (BKEY401) students got traind to identify their skills by using a Skills Tracker. This method give uped students to rate their competences in certain areas and to evaluate the need as to where improvement is needed.Communication is one of the key skills and therefore has been an important element during the module Professional Competences. Already 40 long time ago studies nominate shown the massive impact of communication (Mintzberg 1973). It has found that managers are spending up to 80 per cent of their time in communicating in one way or another. Based on a research study by Ofcom (2010) consumers are spending 45 per cent of their waking hours with mixed of communication devices. To improve communication skills numerous techniques, such as role plays can be used. beloved communication skills are leading to lots of personal benefits as it helps to build confidence. During last years module we arrive practiced and developed our communication skills by debating or self- shineing on our communication skills.The self-reflection was actually useful to determine in which areas improvement is needed. I had used a SWOT analysis to reflect on my own communication skills. Looking at last years Skills Tracker I have rated myself overall with 6.25 points out of 10 points for my communication skills. As English is not my first language my biggest helplessness was to speak out loud during classes as I was afraid to misrepresent each mistakes. I sure have improved in this area by preparing myself for classes in advance and by doing further denotation inside a subject. Receiving feedback from our seminar leader on our reflection on the debate and our skills during the debate was very useful. It helped to realize which arguments have been powerful and which onesshould have been researched better. Also, the richness of supporting arguments with stati stics and facts has been emphasized.2.2. Team Work SkillsAnother focus was regulate on team works skills. According to Stevens and Campion (1994, 1999) there are five key areas mandatory for team skills at work* Collaborative problem solving,* Communication listening effectively,* Conflict resolution,* Goal prospect and performance management and* Planning and task coordination.During the module we have been put into teams but were in addition able to select our own teams. The aim was to prepare us for the future as in any job it is important to work well within a team. Also, it gave us the possibility to share ideas and have feeler to a wider range of knowledge. moreover it helped us to learn how to deal with a conflict that may have occurred and to waste ones timeher agree on a strategy on how to proceed.Being activate of a team has definitely helped me to develop and strengthen my ability to listen to what other team members had to say, excessively to be diplomatical if I did not agree with another opinion. I was able to use my own communication skills to make my own voice heard. Working at team projects was a life-threatening starting point to prepare us for future work environments. Yet, more guidance on how to deal with conflicts or difficult situations would have been helpful.2.3. Presentation and Research SkillsIn the course of BKEY401 focus was similarly put on developing presentation and research skills. Our task was to compare and analyse four UK supermart chains by using secondary data. To equilibrise the analyses we had to convert the collected data into Excel graphs and import those into a PowerPoint presentation. Exploring different research sources and methods were a goodstarting point for this years module Business Research and Professional example (BKEY501) which builds up to BEKY401. However, it would have been more beneficial to learn more about the advanced use of Excel as the exercises we had to complete were very basic.Recei ving feedback by and by the task has been positive as it showed you where an improvement was needed. Nevertheless, it would have been helpful to intoxicate more assistance in interpreting the collected data onward having to present it.2. Research into the tweak labour martThis section leave alone focus on the research into the ammonia alum labour market especially concentrating on the labour market in Sydney, Australia. Furthermore the regulations in regards to migration to Australia are listed. Additionally the present-day(prenominal) job market has been investigated.3.4. The chosen sectorMy plans for afterward graduating from University of Westminster are pretty clear and I had already decided them at the time of the application process for university. The sector I would like to enter after finishing my BA Business Management with Human Resource Management bachelor compass point will be a combination of HRM and touristry and hospitality. In 2004 I have gained a diploma in touristry and Management at the College of Tourism and Management in Semmering, Austria.During and after my time at the College I have worked in several hospitality industries and were able to gain lots of knowledge in this field. Unfortunately, the examine has not always been positive, especially when it came to managing staff. The lack of functioning HR departments within the hospitality industry has elysian me to choose the pathway Human Resource Management at University of Westminster.3.5. Australias labour marketThis account aims to analyse the graduate labour market of Australia, with themain focus on the labour market in Sydney.Based on the outcome of the Australian have Survey (AGS) (2010) which is released annually by the Graduate Careers Australia (GCA) it shows that after four months of completing a bachelor degree 91.3 per cent are assiduous both in a entire time or part time position. Comparing it with the outcome of the AGS (2009) it is a excellent decrease of 1.3 per cent. However it is expected that the graduate labour market will start increasing again over the next few years. Australias graduate labour market is more stable compared to the UK graduate labour market. According to a survey from the UK Graduate Careers (2010) due to the high subroutine of graduates but 36 per cent of undergraduates can be expected to find a job after leaving University. This number hasnt been that low since 1995.Enclosed is a table to give a wider insight into the bachelor graduates market for business studies in Australia. The data has been collected by the GCA (2010) and shows that 75.1 per cent of bachelor graduates who were available for full time meshing are working in a full time job. Due to abstracted sex data percentages of males and females might not add up exactly to 100 per cent. The median earnings for a business bachelor graduate is 46 000 AUD (Australian Dollar) which is about 29 200 GBP (Great Britain Pound).Table 1 Grad, Jobs an d DollarsSource Graduate Careers Australia (2010)According to the Australian Labour foodstuff Update (2010) there is a expressive style in employment increase by 2.9 per cent and this course of instruction has been positive since 2009. Also, the Australian Labour Market Update (ALMU) states that employment will continue to grow in the periods ahead. This statistics are also supported by the Australian authority of Statistics (ABS) which can be seen in Figure 1 that shows the full time and bestow employment trend from August 2001 to August 2011.Figure 1 Full time and total employmentSource Labour Force Survey, ABS (2011)Looking at Figure 1 it can clearly be seen that there has been a positive trend in the full time and employment market within the last 10 years. A brief decrease can be seen in the years amongst 2008 and 2009 during the recession but the market has recovered since then and is continually growing.3.6. Sydneys labour market tourism and hospitalityChosen Australia and especially Sydney being the market I would like to enter these are a very reassuring. Looking at the long term this supports my decision to seek a job in Australia after graduating. Also, taking a closer look at the tourism sector it can be seen that over 220 million people worldwide or 7.6 per cent of the total global workforce is employed within that sector (World Travel and Tourism Council WTTC, 2009).Regarding Inner Sydney which is the commercial and political heart of Sydney but also the home of one of the best hospitality sectors in the country, it shows that this industry contribute a noteworthy part to Sydneys economy given the data by Australian Bureau of Statistics. ABS (2011) also states that the hospitality sector counts to the five summit meeting industries in Sydney.Based on a study by ABS (2006) it shows that human imaging professionals count to the 20 top occupations within Inner Sydney. As I am focusing on a specific sector within the human resource professio n I rate my chances to shake a job as high as it is still a niche market.Research on various recruiting websites has shown that there is a high demand within the hospitality industry and especially in HRM. As almost in all job announces a membership at the Chartered get of Personnel and Development (CIPD) is required I have done some further reading into it. According to their brochure a professional membership of the CIPD can help to* Open doors to new career opportunities,* energize your profile,* Increase your earning potential,* Connect with the very best in the profession and* Access and influence the latest thought process on the future of HR.Even though CIPD is Europes largest HR and development professional consistency it is an internationally recognised brand. Therefore it is committed to develop HR globally by driving HR capability within organisations.Global companies such as Qantas Airlines are offering graduate programmes. Qantas human resources graduate programme is specially designed for graduates with a HR-related degree and takes place over two years. It allows the participant to get a broad exposure to the business and most of the graduate roles are located in Sydney. Areas that would be covered during the training are* Generalist HR* Project Management* Corporate HRApplications for the 2013 graduate programme will be open early 2012 and I have already registered my interest in the programme for their HR department. After completing the two year training staying with the company for a peer of years is exacting. By doing well during the programme a managerial position is secure and a profitable salary and benefit packages is included. Getting into this graduate programme would be a great opportunity for me and would also secure a long term contract with the company.3.7. Migration and the labour marketTo be able to work in Australia a working indorse will be required. There are a few options available to get a working visa. The easiest way would be on a Business heap visa and to work for an international company which has a branch based e.g. in Sydney which is my chosen city. This would allow me to work there for a limited period of time.A second option would be to take for for an Employer Sponsored Workers which means, according to the Department of Immigration and Citizenship applicants must be sponsored by their employer and will be able to either receive a temporary or permanent working visa.The third way would be to keep back for The General Skilled Migration Program (GSM) which can be done by professionals and other masterly migrants. mountain can only apply for it if their skills are particular required in Australiaand who are not sponsored by an employer.Based on statistics published by the Australian Labour Market Update (2010) 33.9 per cent of the working visas granted by the state and territory governments were for the permanent GSM working visa. Taking the last two juvenile years into account th is has been an increase of more than 34 per cent for visas sponsored by the state and territory governments.Furthermore my research has shown that human resource managers are part of the Skilled Occupation List (SOL) 2011 Schedule 2 and the Australian Institute of Management (AIM) will be the assessing authority for the visa application.3.8. Skills needed to enter Australias labour marketThe Department of Education, Employment and Workplace Relations (DEEWR) is in charge to analyse the skills and information needed in regards to the labour market issues, including their relationship with migration policy settings.Recent studies conducted by the National Resources area Employment Taskforces Resourcing the Future Report 6, have shown that Australia is selecting highly skilled migrants to close vacant positions for middling and long term needs. Based on the information given on their website professionals retentivity a degree in human resource management are part of the people ta king in rumination for recruitment. Given my double-education, by already holding a degree in Tourism and Management and graduating from the University of Westminster in 2013 with a bachelor degree in Business Management and Human Resource Management it shows that I have excellent chances to enter the market.Being fluent in two languages (German and English) and also having basic knowledge in French and Spanish are prosperous aspects for getting a job. My position as supervisory program at my current job at The Medical Chambers Kensington (TMCK) and being in charge of a five man reception team is of great avail. Within the last two years of working for TMCK I was assisting in recruiting new staff and in charge of the training programme.3.9. Level of education within the hospitality industryAccording to a survey which has been conducted by Griffith Business School in Australia the hospitality industry is ranked as well qualified, with over 64 per cent of operational staff holding so me form of post-secondary education level qualification.Research on LinkedIn on people who are working in the positions I am interested in was very helpful. It has shown that it is important to have not only a good education but also having work experience. During an interview for the Sunday Times with the HR Manager Joanne Wright at The Cavendish Hotel, she stated that internships are very important. In her view student placements help to fill real job vacancies as the student gets a chance to apply subject knowledge and skills in a real working environment. Furthermore it helps for the personal development and allows exploring different career paths and helps to build confidence. Joanne Wright also made clear that nowadays work experience is valued more and more and cannot be replaced with any theoretical knowledge.A personal recommendation to me would be to sign up for a course in Australian Employment Law as it will be necessary to have complete mis bighearted in this subject i n order to work there. Also, within the field of human resources on-going trainings are compulsory to keep up with the constant changes within this industry.3.10. Analysis of FeedbackReceiving feedback from my group members during the seminar sessions for Business Research and Professional Practice (BKEY501) has helped me to get a wider understanding of the labour market. It has shown me that I had to include more statistics to support my arguments. Also, the information I had found in the first place were not detailed enough and it was clear that more sources were needed. inferential Feedback should always be seen as something positive as it helps to improve and to do better the next time. well-favoured feedback to the other has been very helpful to get a wider understanding of the task. Caution has to be paid when giving feedback as it should never be meant personally. It is important to only criticise the information provided and not the informer.3. Conclusion overall the Univer sity of Westminster is doing an excellent job in preparing us for the real world. During the module Professional Competences we have been made sensible of the importance of skills and to make sure to continually develop those. Feedback we have received throughout the module helped us to identify our weaknesses and turn those into strengths.The graduate labour market is very competitive but it shows that the economy in Australia is very stable. Also, analyses have shown that the employment market in Sydney is increasing at the moment and that the positive trend will not be stopping any time soon. Even though working visa regulations seem very strict for Australia researches into requirements for the highly skilled visa have shown that with my education so uttermost it should be no problem to enter the job market over there.One of the arrangements I have to do though is to complete a course within Australian Employment Law before applying for the visa. Research has also shown that t here is an increase in visas granted for GSM by the state and territory governments. The importance of work experience has clearly been stated in the report. In addition I have to repeat in mind to constantly push myself and developing myself to be able to work in the top of my field.4. List of ReferencesAG (2010), RESOURCING THE FUTURE National Resources Sector Employment Taskforce, Report 6, DEEWR, Canberra.AG. (2011). 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Accessed 7 November 2011.World Travel and Tourism Council (2009). Travel and tourism economic impact. London, England World Travel and Tourism Council.