If you’re considering starting an apprenticeship or traineeship in 2016, you’ll no doubt want to know which industries are expected to perform the best this year.
Given the vast number of professions available when choosing a qualification, any help you can get with narrowing down your options is likely to be appreciated. Fortunately, IBISWorld has published research outlining its predictions for the highest-growth industries in Australia for the 2015-16 financial period.
Finding an apprenticeship or traineeship to fit your unique personality and skill set can be challenging. If you’re still deciding which career might be most suited to you, please visit Apprenticeship Central to search for opportunities across multiple sectors in your state.
According to IBISWorld, agriculture is among the industries tipped for big things this year. Cotton growing is particularly in the spotlight, with IBISWorld forecasting the segment will see 19.2 per cent growth in 2015-16. The sector’s revenues are due to hit $879 million, up from $737.5 million in the last financial year.
Organic farming operations are also on the rise this year, as 5.6 per cent growth pushes the profession’s revenues to $733.8 million. IBISWorld Senior Industry Analyst Spencer Little said organic food is becoming more mainstream, which is providing a significant boost for suppliers.
Mr Little also highlighted the houseware retailing industry as one to watch over the coming months. Increases in residential building projects have spurred demand, with growth of 5.1 per cent estimated in 2015-16.
“Industry revenue growth has been further supported by rising household discretionary income, which has boosted consumers’ ability to spend on housewares,” he explained.
These figures may come as good news for many Australian employers, following disappointing data from PricewaterhouseCoopers (PwC) last month. The professional services firm revealed CEOs across the country are currently less optimistic about their organisations’ growth potential than last year.
PwC revealed that approximately one-third of business leaders are ‘very confident’ their earnings will rise over the coming 12 months, compared with 43 per cent in 2015.
However, the research showed some encouraging signs for the nation’s employees. Nearly 40 per cent of Australia CEOs said they would be concentrating on diversity policies and methods of attracting and retaining key staff this year, while just 22 per cent of global peers said the same.
PwC’s report indicates Australian businesses are keen to try new ways of identifying top talent, which could provide opportunities for apprentices and trainees looking to make an impact.