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Australian Fertility Rates
In 2021, Australia's total fertility rate (TFR) was 1.80 babies per woman, a decrease from the 2020 TFR of 1.81 babies per woman, continuing the trend of the past 13 years. Since 1976, the total fertility rate for Australia has been below the replacement level. That is, the average number of babies born to a woman throughout her reproductive life has been insufficient to replace herself and her partner. (The TFR required for replacement is currently considered to be around 2.1 babies per woman). Conclusion: The progressively falling TFR over the past 13 years, combined with an annual rate that has consistently remained below the desired replacement rate since 1976, means that Australian businesses and organizations cannot rely upon natural population growth to adequately meet their future labour demand requirements
Net Immigration & Retirement Rates: - Against the slowing fertility rate, Australia's net immigration rate peaked at 263,551 in 2017, falling to 241, 338 in 2019 and 194,403 in 2020 (including the first four months of Covid-19). To make matters worse, in 2019, 55% of people aged 55+ were retired which was up 2% on the 2017 result. Conclusion: - The ongoing availability of labour via immigration programs has declined over the past three years, exacerbated by the outbreak of Covid-19 in 2020
Sponsored Work-Visa Immigration: -
In 2012 48,995 skilled immigrants entered Australia. In 2019 this figure was 31,800, a fall of 17,195. ln 2020 this figure fell even further to 23,100 (including the first four months of Covid-19). Conclusion: - The capacity for Australian businesses and organizations to readily acquire skilled employees to fill vacant positions is becoming increasingly more difficult.
Combined List of Eligible Skilled Occupations: -
The Combined List of Eligible Skilled Occupations comprises present-day high-demand occupations as prepared by the Department of Immigration. The 2021 list includes 533 separate occupations. In addition, the Australian Medium & Long-Term Strategic Skills Development Demand List specifies a further 216 occupations. Conclusion: -The number of occupations in Australia classified as being in either high or medium demand to fill is progressively increasing.
Population Ageing: - Between 2,000 and 2,020 the median age of the Australian population increased from 35 years to 38 years. Over the same period, the percentage of the Australian population aged over 65 increased from 12.4% to 16.3% and is expected to increase expeditiously over the next decade.
Conclusion: -The average age of the Australian population/workforce is progressively increasing as is the number of people retiring or planning to retire each year.
Workforce Diversity & Integration: - In 2020, 29.8% of the Australian population was born overseas, with almost every country around the world being represented. England (980,400) continued to be the largest group of overseas-born living in Australia. Those born in India (721,000) were in second place, Chinese-born (650,600) fell to third place, while those born in Australia increased by 211,400 during the year.
Conclusion: - As Australia increasingly relies upon immigration to fuel future labour supply, diversity in workplace nationalities becomes inevitable
(Data derived from the Australian Bureau of Statistics/Federal Department of Immigration)
