Workforce insights has been developed to inform government skills planning and to support employers and individuals to make informed workforce and skill development decisions. These reports bring together advice from South Australia's Industry Skills Councils (ISCs) and their networks, labour market and training data and industry research to explore the latest trends in skills and workforce development. The reports were developed prior to, and in the early stages of, the global outbreak of [Coronavirus Disease 2019] Coronavirus (COVID-19), and it is evident that significant disruption... [+] Show more
Workforce insights has been developed to inform government skills planning and to support employers and individuals to make informed workforce and skill development decisions. These reports bring together advice from South Australia's Industry Skills Councils (ISCs) and their networks, labour market and training data and industry research to explore the latest trends in skills and workforce development. The reports were developed prior to, and in the early stages of, the global outbreak of [Coronavirus Disease 2019] Coronavirus (COVID-19), and it is evident that significant disruption has since occurred - impacting both industry and the demand for a skilled workforce, as well as the ability of employers to commence and retain apprentices and trainees. The need for further consideration of the impacts relevant to each industry is noted, and work in this regard has commenced.
The finance and insurance industry includes banking, investment, insurance and other financial services, and finance and insurance broking services. The sector employs around 22,300 people in South Australia. The key findings in this report are: Jobs growth is anticipated in the financial services sector, especially in governance, risk and finance; Legislative and regulatory reform is anticipated following a recent examination of the banking sector, this may impact workforce trends as occupations shift or evolve; Demand for digital, technology and cybersecurity skills will increase as the sector invests more in automated processes and services and captures more customer data.
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