The study of population statistics, demographics, has a huge grip on an organizations success level. Demographic factors that should be keenly considered by Human Resources professionals are; the labour market, diversity and generational difference.
Unemployment rates, graduation rates from educational institutions, geographic migration are few factors that determine the availability of people for work. Melbourne is rich with an ample supply of workforce that is skilled and employable. Above 60% of the population is between the age of 20 and 64, the working age. Of this almost 40% hold a managerial or professional position. Decorated with a workforce that is structurally balanced, Melbourne has 54 % of male and 46% of female employees. Around two-thirds of workers are employed full time and approximately one third enjoy part-times. A well-educated society embracing cultural diversity, 35 % of Melbourne’s current workforce is degree qualified or higher and more than 70% has a bachelor’s degree or higher or diploma and certificate.
Since English is the national language and medium of instruction, Confederation College would face zero hindrance in that area as the staffs coming from Canada would not be facing any problems regarding communication. According to the available statistics, most of the Australians are qualified and educated so it would actually initiate no trouble to hire local professionals. Canadians would be appreciated as they are considered as internationally trained professionals with au fait knowledge.
It has been noted that the number of males in teaching field has dropped low. One of the main reasons is the perception that teaching only helps fetch a meagre salary and status. Also teaching is often seen with a feminine touch and social pressures usually push men away from the scenario. Hiring policies can, in fact, initiate a change and bring more males into the teaching field. But bringing more males can cause a rise in the expense and can cause increased budget issues. Gender pay gap, the difference between women’s and men’s income, expressed as a percentage of men’s income, calculated using data available from Australian Bureau of Statistics, is currently 15.3 %. As of now, the full-time total salary gender pay gap based on Workplace Gender Equality Agency data is 22.4%. It means that men working full- time earn about $27,000 a year more when juxtaposed to women working full-time.
Melbourne houses one of the worlds most culturally diverse communities. Above 50% of the population has either one or both parent born abroad. Melbourne’s added diversity began blooming early and recent additions include a large number of international students flocking for better education and opportunities. Approximately one-third of the households are fluent in more than two languages with Greek, Vietnamese, Cantonese, Italian and Mandarin being the top picks after English.
Confederation College would be richly supplemented with students and teachers as this part of the country embraces and welcomes nothing but diversity and change. Increasing diversity in workforce around the world presents challenges as well as opportunities for the organizations. The Human Resources department is sure to be as comfortable as at home in dealing with the myriad cultures available. Familiarity the HR staff has in dealing with multicultural students at Thunder Bay will aid in the transition process at Melbourne.
Melbourne is a growing city with the population of 4.6 million people. By 2030 Melbourne is expected to overtake Sidney, Australia’s biggest city due to international and interstate migration, birth rates and life expectancy. Melbourne is the home for a relatively young population with 37 percent of the population aged between 25-49 years. Understanding of generational differences is a major step in establishing a harmonious environment in an organization. The four generations that have an influence in the contemporary workplace are:
Generation ‘Y’- Born since 1981 they are achievement-oriented and complacent. They love flexible and informal workplace and encourage diversity in the workplace.
Generation ‘X’- Born between the mid to late 60s and end of 70s. Independent and self-reliant they are willing to take up challenges.
The Baby Boomers – Born between the end of II world war and early 60s. They strongly rely on their work ethics even sacrificing family and other interests in favour of career advancement.
The Veterans – Born during II world war or earlier. All of them are past retirement age but serves on boards of organizations and are highly influential in public life.
Through an understanding of the generational differences would help the Human Resource department of Confederation College in hiring and retaining talents in the workplace. It can also be helpful in segmenting a workforce and avoiding conflicts. With Melbourne’s level of education and population, it would not be an onerous task for the college to find adequate faculty with valid credentials. Even if training be provided to educate faculty about HR concepts of Confederation College, it will only add to the merit of the workforce. Local faculty when hired has to be trained in HR concepts and teaching methodology so that there would exist no confusion as to what is expected of them irrespective of their gender, culture or generation to which they identify themselves. Concepts of Confederation College are the values on which the college operates. Every single member belonging to the family has to be aware of it to be able to contribute fully and wholeheartedly to the organization.
On working on this project, we Identified the external factors for establishing confederation college in the city of Melbourne, Australia. On careful monitoring of the external and internal factors provided on overview to identify the opportunities and threat of implementing the future plan on considering the external factors like Socio-culture, Demography, economic and technological factors. Working on this project had brought up issues related the human resource sectors and was able to overcome these by various HR strategies. A resourceful country like Australia will provide various opportunities for nationals and internationals as a better platform for career development. Also, this gives confederation college to expand and strengthen its Human resource sector.