Last Updated on July 1, 2020 by Christie McEnzie
Australia, the largest country in Oceania, has a population of over 26 million people. As the country is progressing year by year, the varied sectors of the economy have seen a tremendous change over the last five years. With the age group of 65 and above, the economy of the Australian aged care sector is evaluated to be a $20 billion industry.
The aged care sector employs over 200,000 individuals catering to 270,000 elder people and disabled Australians in the country. This sector is expected to grow at a huge pace in the years to come.
According to the latest Intergenerational Report by the Australian Federal Government, the Aussies aging 65 years and above will increase by 8.9 million by 2055.
Viewing this large demographical change, there is a bundle of joy hidden for the job seekers. As of 2020-21, the Australian aged care sector promises exciting prosperous careers to its fellow citizens.
Viewing its diversified structure, reports from 2016 said that the growth in the sector would increase by 400%. To meet the oversupply of job vacancies and serve the aging population, the Australian government provides opportunities for the migrants to serve the nation.
According to the Department of Health, the Australian aged care sector will expand the job opportunities from 3,66,000 to 8,90,000 by 2050 to serve the aging population.
Future Trends in the Aged Care Sector in Australia
The Increase in Demand for Beds and Staffs
The Federal Government’s Intergenerational Report says that the Australian older population will grow by 8.9 million by 2055. As a result, the demand for beds to cater to the older population is likely to rise at the same rate. The next five years will represent the changes in terms of the number of beds increasing by 76,000 and more.
Viewing the longer perspective, the demand for caretakers will also emerge. Considering this, locals citizens are highly expected to join the club. At the same time, the Australian government is encouraging new immigrants to have a stable career in the sector.
This way the country is taking steps to fulfill the upcoming demand for staff in advance.
This also forecasts that in the times to come, the Australian aged care sector is gonna be a big highlight.
Demand for Higher Lifestyle Goods
As the population increases, the demand for goods will also increase. This, in turn, will increase the flow of goods and services in the market. The purchasing power parity boosts up. Considering the aged population and their wish to live a healthy and luxurious life, the hospitality to serve them comes into being.
This generation of 65 years and above, will expect a high-standard accommodation and hygienic meal service to cater to their needs. Other services incorporate exercise classes, training programs, and entertainment excursions to keep them engaged at all times.
This demand for a higher lifestyle for senior generations will require a class of trained and experienced individuals. The migrants who are travelling to Australia can attend training programs and get affiliated to workgroups for the experience. This would help them in securing relevant jobs in the Australian aged care sector.
Technological Research and Advancements
All the economies of the world have seen the technological progression over the change of time. The research and development department of industries have acquired methods that result in creating new ideas and principles for products and services.
Several advancements have taken place to implement changes in the existing product-class.
In Australia, digital technology has begun the era of a new class of products that aids the aged care sector. The virtual technology gives options online to decide the facility which will be suited for the individual in question.
Amidst this, it gives proper guidance over the comparison of different aged care facilities and structures. For tech-savvy individuals, pulse-monitoring smartwatches and home diabetes meter have come into existence. This technological up-gradation will be backed up by robotic assistance to pay more attention to the senior class.
The Residential Accommodation
The Federal Government of Australia partly covers the cost of residential accommodation for the aged and the disabled generation. The people who get these benefits are evaluated on the basis of an eligibility criteria-test known as the Aged Care Funding Instrument.
As the population is likely to grow in huge numbers, the officials have discussed and brought out mandates necessary to serve the people. The Aussies who have high-enabled accommodation facilities are required to pay more in comparison to low-level income classes for aged care.
Given the situation, the government is looking to design measures to put this view for the long haul. Going on these grounds, it is said that the Australian government is following essentials to make the Australian aged care sector into a fee-for-all service sector, especially for the poor classes.
Every year thousands of migrants travel to Australia in search of a better livelihood. Reading the above can clear their notions of deciphering a better employment opportunity. At the very least, it would give them a chance to rethink their career lines.
As of 2020, migration is superlative as providers and users of the aged care services In Australia. Yet, the figures show that the economy faces a huge deficit when its comes to serving the country.
The upcoming five years will see a huge window opening for the varied classes to apply for different job categories. The Australian aged care sector will be one of them.
The above article gives imperative guidelines to the job seekers who are planning to shift to Australia. This can be their wholesome opportunity to avail the best and work for the excellent.
I hope this article provides them with enough to formulate their decision of migrating to Australia in the fastest manner possible.
Does aged care vocation seem like a fruitful chance that a person might be seeking to apply in?