Australia Aims to hit 1.2 Million IT jobs by 2030

Nationwide Visas
[Published 16 Aug, 2024 | 11:35 AM]
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With the ever-increasing IT job opportunities in Australia, the nation is well on its way to achieving the 1.2 million IT jobs target by 2023. As of February 2023, the size of the Tech workforce had reached 935,000 and it is 78% of the target for 2030.

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Kate Pounder the CEO of TCA - Tech Council of Australia says that the IT sector is the 7th largest employer industry in the nation. Jobs in the industry are growing quicker than the average across every territory and state, he adds.

Pounder elaborates that the growth of IT jobs in non-conventional sectors reflects the long-term structural change in the economy of Australia. It demonstrates that digital skills are increasingly getting embedded into all facets of the economy, adds Pounder.

High average wage for IT jobs

The average wage for IT jobs in Australia remains high at roughly $132,000. Jobs in the direct IT/tech sector were the second highest of any advertised on SEEK in the last 1 year just behind CEOs.

Pounder says that to achieve the 1.2 million job target, the government has to continue increasing awareness regarding tech job openings. It has to fix gaps in education and training pathways, enhance diversity in the sector, and target skilled immigrants.

One assured thing is that technologies impact the operations of the IT sector in Australia and the demand for skilled workers. Till now, priority is offered to transferable digital know-how and creative, problem-solving, and communication skills.

Business success reliant on highly-skilled workers

The demand for future workforce is still tough to be estimated. However, the impact of technology on the IT sector is not debatable.

In recent times the Government of Australia had declared that only immigrants working in the 7 futuristic fields will qualify for Australia PR Visa through the GTIP - Global Talent Independent Program. These fields are inclusive of:

• AgTech - Agriculture Technology
• MedTech – Medical Technology
• FinTech
• Advanced and Space Manufacturing
• Cyber security
• Mining Technology and Energy
• ICT - Information and Communication Technology: Data Science, Advanced Digital and Quantum Information

Scarcity of qualified workers due to fast tech transformation

The job market in Australia is likely to be unevenly influenced by technology. Diverse sectors and regions are opting for automation of low-qualified work resulting in unemployment or underemployment of many Australians. The nation will soon witness a severe scarcity of skills for receiving well-paid job roles.

The government and businesses have to thus unify efforts and promote opportunities for up-skilling, re-skilling, and transition of skills into new roles. Soon will be witnessed a massive shift to a culture of lifelong learning from a career-for-life concept.

Meanwhile, as automation and digital systems get embraced across all sectors, companies will look to fill shortages in key In-demand IT skills in Australia such as:

• Cloud computing
• Data Management and Analysis
• Cyber security
• Artificial intelligence and Machine Learning
• Robotics
• Digital and Software Design
• Advanced Statistics and Mathematics

Maturation of Digital Business

Several factors have resulted in the maturation of digital businesses in Australia. The extensive adoption of digital technologies has eased the reach of companies to customers and online operations. It has resulted in fresh business models like online marketplaces and e-commerce that are now propelling the expansion of the digital economy.

The rise of digital natives who are at ease with tech has resulted in swelling demand for digital services. In turn, this has resulted in the emergence of fresh business opportunities, particularly in HealthTech and FinTech.

According to Gartner’s survey, almost 50% of the Australian IT industry has reached a point of digital maturity. This implies that they have either surpassed 20% in terms of scale or are running it already for profit. The two primary modes of digital routing are RPA (Robotic Process Automation) and Chief Digital Officers heading digital transformation.

If you are a Tech professional in India and wish to check eligibility For Australia PR Visa, contact Nationwide Visas.

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