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Wembley, Western Australia, Australia, 2009/01/18 - As more Australian’s return home as the global markets feel the financial crises pinch, are there Australian job opportunities for them to return to?.
As the financial crises makes its impact felt across the globe, expat Aussies are finding it is the right time to return home. Although the global downturn has also affected the Australian economy, relatively speaking Australia is fairing well. Australia’s growth rate has dropped to below 1% but many experts still believe Australia will avoid recession. There are still skills shortages in Australia and career opportunities will be here waiting for returning Australia's with international experience if they know where to look.
Bree Mitchelson, Principal Consultant with Skills Solution, a unique service assisting returning Australians with support in making the move back home, particularly advice about the employment market, suggests that enquiries from returning Australian’s have increased.
"The Mining and Metals sector which was renowned for the extended boom period has faltered, however there are still growth industries and opportunities to be found in the Australian market", Mitchelson said. Skills Solution suggest keeping an eye out for the following opportunities:
Green Energy Related Industries
Liquified Natural Gas (LNG)
The LNG industry is set to grow in Australia with the demand for more environmentally friendly Energy Sources. Demand for energy continues from the Asia Pacific region Major projects to look out for include Chevron’s Gorgon Project in Western Australia, Inpex LNG project also in Western Australia and Santos Gladstone LNG project in Queensland. Queensland also has a growing focus on Coal Seam gas projects which will see significant development in the coming year.
In November 2008, the Western Australian government formally lifted a ban on uranium mining, opening up opportunities for this new mining industry in the state. In South Australia, BHP Billiton’s Olympic Dam, a multi-mineral mine site, is Australia’s largest uranium deposit.
Oil & Gas
Continuing on the theme of world energy demands, oil and gas will remain a strong industry as demand does not fluctuate as heavily as a result of changing economic cycles. Although expansion and capital investments may be more cautious, the operations of Australia’s oil and gas companies, still present a strong industry of opportunity.
Professionals – Insolvency, M&A
In the professional fields, focus will turn to insolvency, particularly for accounting and legal professions. Likewise it is expected that Merger and Acquisition activity, although not at fevered levels of years gone by, will continue as companies with strong equity positions look to identify and capitalise on good value buying opportunities.
As an industry, small businesses make up one of the largest employer groups in Australia, and there are always those that outperform and outgrow the rest. Consider the business strategy, debt position and profit forecast and take advantage of the dynamic nature of small business to find the opportunity to drive your career up and through the downturn.
Industries supported by government spending always present sound opportunities in a downturn. The current government has committed spending in medical and educational professions. These fields maintain their strong demand, as the economic downturn does not change the fundamentals of the ‘skills’ shortage.
Likewise the Australia government has pledged billions in infrastructure spending to support the economy further. Roads and rail are key focuses for government infrastructure investment.
Teachers and medical professionals are still in high demand as these fields have not been impacted by the crises. It is expected sponsorship in these areas will continue and returning Australians in these fields will have plenty of opportunities to choose from.