Tech Council of Australia Releases its Australia’s Tech Jobs Opportunity Report
Cracking the Code to Australia’s Best Jobs
A new report from the Tech Council of Australia (TCA) has revealed that the tech industry is fast becoming the sector of choice for people looking to kick-start a new career.
The report titled Australia’s Tech Jobs Opportunity – Cracking the Code to Australia’s Best Jobs has highlighted the unique opportunities of the sector. The report notes tech jobs were some of the most diverse, flexible and well paid across the Australian jobs landscape.
Kate Pounder, CEO, TCA said, “Unfortunately, there is still a stigma surrounding working in the tech space. We want to change the perception of what a tech job is.”
“We want all Australians to know that tech jobs are well-paid, interesting and plentiful. Promotion is fast and opportunities are extensive.”
“Our research shows that tech jobs are some of the most flexible, employees in tech specific companies are 1.5 to 2 times more likely to work remotely than tech employees working in non-tech specific companies” she said.
Tech jobs are also secure with tech sector jobs are more secure than other jobs. The rate of people no longer working after 8 years was 4.7 percentage points lower in tech than high paying industries, and 6.2 percentage points lower than other industries.
“We have opportunities for those who are not university graduates noting that in our industry 42 per cent of workers in the tech industry do not have a university qualification.”
“Remuneration opportunities are also better for people without a university degree relative to comparable industries. Entrants with a VET level education face a pay gap of only around 3 per cent relative to university graduates, compared to a 17 per cent gap for VET graduates in comparable paying industries.“ Ms Pounder said.
The research also found that public school leavers face virtually no wage gap when entering the tech sector compared to private school leavers (around 2 per cent). In comparable industries the gap is approximately 6 per cent.
“There is also a tremendous opportunity for women in the technology industry. While we know we don’t get have enough female representation, women looking to forge a career in the tech sector face a much smaller gender pay gap than other industries.”
The research found that women entrants in the tech sector have a gender pay gap of around 9 per cent compared to women entering comparable industries who face a pay gap of around 18 per cent.
The tech sector is far more culturally diverse than any other sector in the country with 31 per cent of workers speaking an additional language other than English.
“What we have in our industry is a trifecta, secure, well-paid, flexible jobs available to all people regardless of background or education. We want Australians to aspire to a job in our industry and we want to help them find the pathway into their career.”
Today’s report release follows the establishment of the TCA and Digital Skills Organisation historic partnership of the Digital Employers Forum, launched in December last year to bring together major employers and jobseekers.
About the TCA:
The Technology Council of Australia launched in 2021 with a clear vision to ensure the tech sector plays a critical role in Australia’s recovery from the COVID-19 pandemic. The TCA has said the biggest and most urgent risk to the goal of employing one million people in tech sector jobs by 2025 is acute labour shortages facing the tech sector. That means we must act now to ensure we can fill the new tech jobs we’re creating in Australia over the next four years. Three goals for the tech sector in Australia:
The research was released today as part of broader campaign to bring new workers into the sector.
- Employ 1 million people in tech-related jobs by 2025, and 1.2 million by 2030
- Contribute $250bn to GDP from tech-related activity by 2030
- Make Australia the best place to start and scale a company
Kate Lord, Harry Communications
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