Why is the Australian STEM Manufacturing Industry THRIVING?

Serving as an indispensable pillar of Australia’s workforce, this industry has not only mastered the art of nurturing talent through formal education but also entices professionals with robust remuneration and benefits packages.

With skilled talent shortages being a constant threat within the STEM manufacturing industry, we have taken a deeper look into the Aus Science industry to see how it is benefiting the employment of Aussie STEM experts and unpack the countless advantages of a career in the STEM workforce.

Unleashing the Potential

With approximately 9% of workers in the Australian work force actively engaged in the Professional, Scientific, and Technical Services industry, it has emerged as a dominant force in the Australian job market. The number of people employed in this industry currently stands at an impressive 1,249,800 and this figure is projected to grow further in the coming years. The industry’s past growth rate of 23.1% showcases its tremendous potential, while the projected future growth rate of 16.8% promises an even brighter future.

Lucrative Compensation

One of the most enticing aspects of working in the Australian STEM manufacturing industry is the attractive compensation it offers. According to the Australian Government Labour Market Insights, on average, the weekly earnings of someone employed in the Professional, Scientific, and Technical Services industry is AU $1,692. Employees in this industry enjoy higher earnings than the national average across all industries, which stands at $1,250 per week.

Diverse Range of Services

The Professional, Scientific, and Technical Services sector in Australia encompasses a wide range of specialised fields, with the Professional, Scientific, and Technical Services sector employs 26.6% of Australia’s workforce.

Computer System Design and Related Services stand out with a substantial workforce of 330,000 professionals who excel in the realm of technology, designing cutting-edge computer systems and solutions.

Scientific Research Services also play a pivotal role, employing 48,600 individuals dedicated to the pursuit of knowledge and breakthrough discoveries.

Other Professional Scientific and Technical Services provide employment opportunities to 33,400 skilled individuals who contribute their expertise in various specialised areas.

Qualifications and Education

The Australian STEM manufacturing industry values education and qualifications, with a majority of workers holding formal degrees or certifications. Around 59% of employees in this industry possess a university qualification, while 20% have acquired a Vocational Education and Training (VET) qualification. This emphasis on education not only ensures a high level of expertise among the workforce but also presents an opportunity for continuous learning and professional growth. The industry’s commitment to qualifications fosters an environment of innovation and excellence.

Employment Stability and Growth

The Professional, Scientific, and Technical Services industry has showcased steady employment growth over the years. Despite a marginal decline of 0.7% (9,200 workers) in the last quarter, the industry experienced a growth of 0.7% (8,300 workers) in the past year. Looking ahead, the industry is projected to create an additional 206,600 jobs, representing a growth rate of 16.8% over the next five years, extending up to November 2026. These statistics underscore the stability and potential for long-term careers within the industry.

The Australian STEM manufacturing industry is undeniably thriving, presenting a plethora of exciting opportunities for professionals across the nation. With the Professional, Scientific, and Technical Services sector at the forefront, it has become a powerhouse of employment, offering careers in scientific research, engineering, and computer system design. The industry not only provides formal education to nurture talent but also entices professionals with attractive remuneration and benefits packages. With skilled talent shortages being a constant concern, it’s crucial to explore the advantages of a career in the STEM workforce. As we delve deeper into the Australian science industry, we uncover its immense potential, lucrative compensation, a diverse range of services, emphasis on qualifications and education, and stable employment growth. With its unwavering growth trajectory, the Australian STEM manufacturing industry promises a bright future for those seeking fulfilling and prosperous careers.

Whether you’re a talented professional seeking new opportunities or an employer in need of top-tier STEM talent, we’ve got you covered. Contact us today for all your STEM recruitment needs.