Overview Of Career Opportunities In Australian Labour Market For International Business Students

Tourism and Hospitality Industry

Discuss about the Transnational social workers and Australian labour.

The purpose of this report is to provide a brief overview of the career opportunities within Australian Labour Market for a student studying International Business in the country. The report talks about the environment of the company for labour and career opportunities in the country. It also talks about the recruitment agencies which helps a candidate in achieving required job. This report includes three industries under which a student studying masters of international business can work. Further it also talks about the job seeking plan; more details about the task are discussed below:

The employment rate in the tourism and hospitality industry is directly linked to the rate of dollar in the country because on that basis only outsiders come and exchange the amount to spend in the country. So, decrease in the rate of dollar acts as green signal for the industry as it increases sales which also increases the career opportunities for the employees in the country. Also, the plan initiated by the government of the country namely Tourism 2020 gives an opportunities to the job seekers to work in this industry (Australian Government 2018). There has been increase in tourism activities in the country by 13.1% from 8.6 million in 2016–17 to 9.2 million in 2017–18 and 9.7 million in 2018–19. Further it should also be noted that the Treasury forecasted that unemployment rate of the country has reduced to 5.75% in June quarter 2017-2018, due to the entrance of many unemployed people in the country (Deloitte 2015). The wage rate is expected to increase which also gives an opportunity to people to get employed under this industry. This industry of Australia nearly employs 8% of total employed people in the country which means that the tourism and hospitality industry is working well and earning profits in the international market. In this industry, technology helps in linking different countries with the use of globalization process. Like China initiated One Belt, One Road policy to connect with different parts of the world. So, it should be understood that technology has a positive impact on this industry.

Further, talking about the employment and unemployment trend in the country, it should be noted that industry is aggressively earning profits which is good for the employee forces as well. But the organizations present in the industry employs people on part time basis which means that during peak season they hire people and during lean season they suspend them from the company. But the overall growth of the company is positive which makes it more attractive for the people seeking for job. Talking about competition in the industry, as the industry has become one of the most wanted industry in which people wants to work, which makes it tough competition for people to work (Hawthorne 2016). Due to incentives and perks people enjoy working in tourism and hospitality industry which increases the level of competition in labour market. The national trend is analyzed that there are 51% of companies in industry which are seasonal which detracts the interest of employees and the organizations also find it difficult to recruit and retain the employees in the organization. But there has been a consistent change in trend from 2011 which gives opportunities to people and organization this industry to grow and excel.

Employment and Unemployment Trends in the Country

By studying International Business, a person gets optimum opportunities to move into every field which they want. But as per my understanding the retail (supermarket) industry and the consultancy industry would be best suited for me. In retail sector I can go for sales manager and in consultancy industry I gain great scope to become management analyst for different organizations.

Initially talking about the retail sector, it should be noted that the total size of the retail market has repeatedly increased which gives rise of the employment opportunities for people in the country. In Australia, there are many big organizations present in the retail sector that requires the sales manager for their organization (Harrison 2018). Along with large scale stores, there are many organizations working at small scale also. Part time and full time employment rate for food retailing is increasing within an optimum speed. The country is also opening ways for female employment which encourages workplace equality and diversity. Apart from that, it should be noted that the retail business have large scale sales and advertisement activities which gives an opportunity to the sales manager to increase the sales of the company in the international market as well (McMurray, Dutton, McQuaid, and Richard 2016). The retail business has great scope of profit within them and the people of Australia prefers using retail services in order purchase  any product from the market. So, in order to promote the domestic activities of the business in the international market, the companies require sales manager who can adequately monitor the international market and activities and then assist the employees accordingly so that they can easily place themselves in the international market as well (Bonoli 2017).

A sales manager who has studied international business can easily understand the opportunities present in the market with the use of which they can easily grow and attain competitive advantage as well. So, based on the career of International business management student, this job is best suited which helps a person use their capabilities to excel. Relating it to labour market of Australia, it should be noted that there is not enough competition in the industry. Candidate having adequate technological knowledge and skills is welcomed by the organizations (Sturdy, Wright, and Wylie 2016).

Another industry is the consultancy industry; I chose this industry as my future option become being an international business student one is being taught about different managerial expansion strategies which are useful for organization who wants to expand their business. Further, looking at Australian labour market it should be noted that there has been a consistent increase in the total consultancy market in the country. Past the past year, it increased by 5.2% in the current which a positive sign for the people is aiming to enter under this industry. A start-up consultancy is a great option to grow in the international market as it gives an opportunity to the person to work as an entrepreneur and become the owner of the business (Oakley, and O’Connor 2015). Apart from that management analyst is also a great idea because now day’s people do not want to invest their income in sources which do not multiply their amount. Due to this reason people come to analyst who provides them different options and areas where they can invest their income in order to earn profit. Consultancy services provided to company for the growth and expansion also have great scope in the Australian market. As many organizations nowadays want to expand their business in domestic as well as international market for which they seek consultancy services from management analyst. Consultancy industry is new and efficient and provides a great opportunity to people to grow and expand in different markets which they are unable to approach (Dustmann 2015).

Competition in the Industry

Superior People Recruitment is a professional employment agency that serves its recruitment services in different parts in Australia. The company does not use any traditional model to provide recruitment to the target customers present in the market. The best advantage to get recruitment with this company is that they provide six months guarantee replacement period with affordable fee. The company has a great data that says that they have recruited around 72% of candidates in a minimum time period of 12 months. Lastly, as a candidate this company is reliable and provide guaranteed results as well (Superior People 2018)

This company is one of the best organizations which can help a person attain a job in consultancy field. As this organization itself provides consultancy services, also it provides a personality test on the basis of which a person can easily identify the type of job and the industry in which they can attain after studies in order to attain optimum return on investment. Further, his organization also successfully entertains the issues of advance job seekers. Lastly, this organization is best to gain consultancy for the job because it adequately identifies the talent of a person and provide them opportunity accordingly (Chandler Macleod 2018).

This company is a global leader in providing recruitment to the job seeker; also it has around 140 offices in 36 countries. So, alliance with this company can provide an opportunity to the person to seek for a job outside Australia. Sales and market is field which requires field work, so this organization adequately places people according to their specifications in different industries. Lastly, it should be noted that this organization is working from past 12 years which makes them professional in this field. Also the company has strong connections with different famous and large scale organizations. Thus, it can help a person in finding the best job for them (Michael Page 2018).

• Being a native of China, the first and foremost difficulty while studying abroad is the language differentiation problem. Language is the biggest barrier which affect communication with different people in country because in Australia English is the main language which is spoken by all an in China, Chinese is the language which is most prevalent. Also, the studies says that one of the biggest reason that make Chinese people study abroad is that they want improve their English spoken and communication skills (Nachmias, and Walmsley 2015).
• Apart from communication, host culture is another challenge which is faced by Chinese people studying abroad. Australia has different culture as compared to China which makes the Chinese people feel outsider. At the initial level these people are unable to communicate properly and then cultural differences make them feel insecure in the country. At the beginning people feel cultural shock when they do not find familiar signs and symbols in everyday life which makes them mentally stressed. Further, it makes more difficult for a person to sustain in an environment which culturally distinct from theirs (Delaporte, and Piracha 2018).
• Social interaction in one way which reduces the intercultural challenges of international student, but depressingly people of Australia fails to welcome the sojourners positively. As the Chinese students are unable to appropriately interact with their Australian peers that loses their opportunity to understand and adapt the Australian culture and ethnicity (Kalfa, and Taksa 2015). As the country is good source of education, so many Chinese people come to study here, resulting to which these people do not interact with local people, instead they talk to other Chinese people coming from their native place (Blackmore, Gribble, and Rahimi 2017). As discussed above, China and Australia have different cultures due to which the governmental policies in both the countries are different which makes it difficult for the international student to understand the social and political system of the country (Li, Mahuteau, Dockery, and Junankar 2017). But looking at the hofstede’s cultural dimension mode, people of Australia are more indulgent than restraint. The figure of 71 states people like to socialize with each other which gives opportunity to people of different cultural background to interact with them.

Thus it should be recommended that the best industry to work in is the tourism and hospitality industry. As discussed above that this industry is working well in the country which increases the scope of people to earn money, apart from that the companies present in this industry provide perks and benefits as well (Sonnenschein, Barker, Hibbins, and Cain 2017). Being a student of International Business, this industry will help me to use my studies and work better. I am most interested in the company Globus travel Company (Globus 2018).

Retail Sector

Goals	Tasks	Estimated Time to complete
Goal 1: Update Resume	Make proper resume	1 hour
	Post resume in career services for review	1 hour
	Amend changes accordingly.	1 hour
	Tailor according to interested companies	1 hour
Goal 2: Apply to 5-7 jobs in the field	Search online for companies in market.	1-3 hours
	Search online for companies in market.	2 hours
	Short list top 10 companies according to preference.	1 hour
	Finalize the best company and post to apply for (Globus Travels).	1 hour
	Read about the company profile and employment policies.	30 minutes
	Tailor cover letter.	30 minutes
	Present review of cover letter in both physical and electronic form	30 minutes
	Look for resumes and cover letter for response	4-5 days
	Log information in job search log and follow up as appropriate	30 minutes – 1 hour
Goal 3: Build and maintain network	Update LinkedIn Account	1-3 hours
	Contact LinkedIn alumni groups	2 hours
	List current useful connections	2 hours
	Contact Career services and site supervisors	30 minutes
	E-mail important people to set up meetings	1 hour
	Reach out new contact in the industry	1 hour

Conclusion

Thus, in the limelight of above mentioned events, it should be noted that tourism and hospitality is the best industry to work in as there is a boom in the tourism sector of the country which increases the opportunities for people to grow. Further, there are many recruitment agencies present in the environment which helps a student to find the perfect which they want to do. The above mentioned task also talks about the intercultural challenges faced by a native of China in Australia. Lastly, the report adequately outlines the career growth and opportunities for an international student studying International Business. It also provides a detailed view of the prospective companies and industries in which an IB student can apply.

References

Australian Government., 2018. Labour and Skills [online].  Available from < https://www.austrade.gov.au/Australian/Tourism/Policy-and-Strategy/labour-and-skills [Accessed 20 March, 2018]

Blackmore, J., Gribble, C. and Rahimi, M., 2017. International education, the formation of capital and graduate employment: Chinese accounting graduates’ experiences of the Australian labour market. Critical Studies in Education, 58(1), pp.69-88.

Bonoli, G., 2017. Labour market and social protection reforms in international perspective: parallel or converging tracks?. Taylor & Francis.

Chandler Macleod., 2018. Client Services [online]. Available from < https://www.chandlermacleod.com/clients/services [Accessed 20 March, 2018]

Cunningham, M., and Davis, K., 2011. Labour Market Outcomes in Regional Australia [online]. Available from < https://www.rba.gov.au/publications/bulletin/2011/sep/1.html>[Accessed 20 March, 2018]

Delaporte, I. and Piracha, M., 2018. Integration of humanitarian migrants into the host country labour market: evidence from Australia. Journal of Ethnic and Migration Studies, pp.1-26.

Deloitte., 2015. Australian Tourism Labour Force Report: 2015-2020 [online]. Available from < https://www.tra.gov.au/ArticleDocuments/185/Australian_Tourism_Labour_Force_FINAL.PDF.aspx?Embed=Y> [Accessed 20 March, 2018]

Dustmann, C. ed., 2015. Migration: Economic Change, Social Challenge. Oxford University Press, USA.

Globus., 2018. About Us-Careers [online]. Available from < https://blog.globusjourneys.com/about-us-careers/> [Accessed 20 March, 2018]

Harrison, G., 2018. Transnational social workers and the Australian labour market. Transnational Social Work: Opportunities and Challenges of a Global Profession, p.139.

Hawthorne, L., 2016. Labour market outcomes for migrant professionals: Canada and Australia compared.

Kalfa, S. and Taksa, L., 2015. Cultural capital in business higher education: reconsidering the graduate attributes movement and the focus on employability. Studies in Higher Education, 40(4), pp.580-595.

Li, I.W., Mahuteau, S., Dockery, A.M. and Junankar, P.N., 2017. Equity in higher education and graduate labour market outcomes in Australia. Journal of Higher Education Policy and Management, 39(6), pp.625-641.

McMurray, S., Dutton, M., McQuaid, R. and Richard, A., 2016. Employer demands from business graduates. Education+ Training, 58(1), pp.112-132.

Michael Page., 2018. About Us [online]. Available from < https://www.michaelpage.com.au/about-us> [Accessed 20 March, 2018]

Nachmias, S. and Walmsley, A., 2015. Making career decisions in a changing graduate labour market: A Hospitality perspective. Journal of Hospitality, Leisure, Sport & Tourism Education, 17, pp.50-58.

Oakley, K. and O’Connor, J. eds., 2015. The Routledge companion to the cultural industries. Routledge.

Superior People., 2018. About Us [online].  Available from < https://www.superiorpeople.com.au/about-us/>  [Accessed 20 March, 2018]

Sonnenschein, K., Barker, M., Hibbins, R. and Cain, M., 2017. “Practical Experience Is Really Important”: Perceptions of Chinese International Students About the Benefits of Work Integrated Learning in Their Australian Tourism and Hospitality Degrees. In Professional Learning in the Work Place for International Students (pp. 259-275). Springer, Cham.

Sturdy, A., Wright, C. and Wylie, N., 2016. Managers as consultants: The hybridity and tensions of neo-bureaucratic management. Organization, 23(2), pp.184-205.