Human Resources Career Trends of 2020

Human Resources Career Trends of 2020

HR trends for 2020

Human Resources remains an exciting and rewarding career path with growing opportunities. Human Resources trends in 2020 will continue to increase demand for exceptional human resource professionals.

College for Adult Learning Diploma receives AHRI Stamp of Approval

2020 begins with the exciting news that CAL has received accreditation for its Human Resources diploma course from the Australian Human Resources Institute (AHRI). CAL is the first RTO, and currently the only RTO offering an AHRI-accredited Diploma of Human Resources Management.

AHRI is the peak industry body which represents more than 20,000 human resources professionals in Australia, and around the world. Now, AHRI has given the College the ultimate stamp of approval for the Diploma of Human Resources Management (BSB50618).

Meeting the criteria for course accreditation is the ultimate recognition that the diploma core units map onto the AHRI Model of Excellence for HR Practitioners and Academics. In effect, an HR Diploma with CAL is formally recognised as being set to an internationally recognised benchmark of best practice standards in the Human Resources industry.

The recognition is a reward for outstanding work behind the scenes by our course designers. CAL has always strived to provide a gold standard Human Resources Management diploma course that is well above the standard of other providers. We congratulate our team on receiving the recognition from AHRI that the diploma deserves.

This good news arrives at a time when Human Resources professionals are in greater demand than ever. The human resources professional in 2020 is going to see another exciting year of trend development and trendsetting.

Meeting demand with supply

The Human Resources sector is a fascinating and rewarding one with a strong future. It’s a simple demand versus supply equation. A recent study found the need for human resources managers, and training and development managers are growing well above the average workforce demand.

In 2019, 63,900 Australian professionals were working in the HR industry. By 2023, growth is estimated to exceed 70,000. Click To Tweet

Even accounting for job ‘turnover’ where existing workers fill vacancies, that’s still a strong upward curve of job growth occurring every single week between now and 2023. Most of those jobs will be full-time positions, which indicate career stability and continuity.

Whether you are already in HR, or keen to enter HR, a long-term career in Human Resources requires a respected qualification. An AHRI accredited diploma in human resources through the College for Adult Learning is your perfect choice. A qualification that you study at your own pace, to suit your lifestyle, and at a far more budget-friendly rate than full-time study is a smart way to ensure you have an edge in the marketplace.

Strong job growth and compensation

Most medium and large, companies require the skills of a human resources professional. For example, the top three Australian industries in terms of growth in the next few years are health, social assistance, and food and beverage. Each one requires good HR exponents to recruit and manage the right candidates for their business.

A study by the World Economic Forum, ‘The Future of Jobs 2018’, found that an extra 133 million jobs will be created globally by 2022. While about 75 million positions might be made redundant by technology, that’s still 58 million positions that have to be filled on a global scale.

What businesses need are the right people working to not only recruit the best people but manage them once they’re appointed. Human Resources professionals are already well compensated, with companies lining up to hire them and willing to pay even more in the future.

Right now, full-time HR professionals earn an average of $1,662 per week, which is nearly 14% above the Australian average. The very top 10% of skilled, experienced professionals earn well in excess of $200,000. Therefore, Human Resources remains a financially rewarding career, particularly if you’ve dedicated time to honing your skills.

In other words, the quicker you start down that specific career path, the quicker you’ll reach the top.

Trends in Human Resources 2020 Australia

Change agents

The best business owners and managers know that the only constant in the marketplace is change. Today, that’s never been truer. Seismic shifts in the economic, social and political landscape both in Australia and globally are changing the way the workforce operates.

A recent Global Human Capital Trends survey found the 86% of human resources professionals believed they needed to reinvent their ability to learn. A further 80% believed they needed to develop leaders differently.

Human Resources is an evolving profession in which the smartest and most flexible will thrive. Australia’s recent Banking Royal Commission is a good example. The Commission’s findings were so far-reaching in terms of the financial services industry that traditional business models and practices have been turned on their head. Financial institutions are having to hire, restructure and redeploy staff to comply. Human resources departments are at the forefront of driving this much-needed change.

86% of human resources professionals believed they needed to reinvent their ability to learn. A further 80% believed they needed to develop leaders differently. Click To Tweet

Keeping an open mind

We’ve already established how human resources professionals will be at the vanguard of managing change. But what specific challenges face them in the near future?

  • Employee retention: The average cost of replacing a worker earning $45,000 per year is $15,000, or a third of their annual wage. Businesses want to avoid paying direct exit costs and the expense of recruiting and training someone else.
  • Mobile workforce: Now that the ‘mobile workforce’ is here to stay (67% of businesses reported an increase in turnover in the past three years), that challenge is bigger than ever.
  • Digitisation: Not only will data-driven processes improve and increase, but human resources managers will need to get a good handle on issues like social media platforms to engage with both employees and candidates.
    – Inclusion: Diversifying the workforce is beneficial to virtually all businesses

Future proof by value adding

Once you’ve earned a human resources qualification a whole world of options opens in front of you. Right now, starting in the recruitment sector of HR is a great way to get your foot in the door. From there you may want to branch into areas such as talent acquisition.

Beyond that, the list of challenges and specialties is almost endless. Human Resources Advisers are in high demand in a temporary or short-term capacity.

As always, those who can perform multiple roles at once will be highly valued. If you’re able to learn and implement solid strategies and programs surrounding interviewing candidates, checking references and creating contracts, you’re much more valuable than a specialist in just one of those roles. It’s called ‘value-adding’, and doing those tasks well saves a business from paying to hire multiple people to perform each role.

The key to making the most of Human Resources career trends in 2020 is to make yourself indispensable. Committing to undertake an AHRI accredited Diploma of Human Resources Management will set you on that path.
 

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