At the end of last year, the ABS released its Barriers and Incentives to Labour Force Participation, Australia, July 2012 to June 2013 (catalogue 6239.0).
This survey revealed some fascinating information about the Australian workforce:
Of those 9.4 million people, aged 18 years and over, who did not work full-time, approximately 2.6 million (or 28%) indicated that they would like a job or to work more hours.
This group of 2.6 million Australians comprised:
This information leaves me quite stunned.
The ABS's definition of our workforce compromises those in paid employment and those actively looking for paid employment. By this definition, Australia has a workforce of 12.4 million, yet an additional 9.7% people (1.2 million) have indicated they want a paid job but are not counted as being in the labour force.
So what stands in the way of this potentially massive increase in Australia's workforce participation?
For all persons not in the labour force, the incentives to join the labour force nominated as 'very important' by those surveyed were:
Theoretically we could increase our workforce by at least 3.2% simply by having part-time jobs that matched the respective skills of these 400,000 Australians. 53% of these workers are classified as skilled or semi-skilled (ie held qualifications beyond high school) and 63% are female.
I suspect every recruiter could name at least one skilled female they know who is currently not in the workforce but would be available to start work if they were able to secure a skill-appropriate job for the desired number of hours per week.
Those employers who are able to make the adjustment to their workflows, workforce structures and workplace culture to meet the demands of this hidden workforce, will surely gain a massive competitive benefit.
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