The paper "Are Skills the Answer to Australia's Competitiveness " is an outstanding example of a business case study. There has been a lot of progress in some important areas concerning workforce in Australia after the publication of ‘ Australian workforce futures’ in 2010. However, there is still a lot to be done and this is brought in by the shortage of skills in some industries. This shortage threatens to bring risk growth constraining monetary tightening and wage inflation (Australian Workforce and Productivity Agency 2012, p. 1). High unemployment is a major concern across Australia’ s region and most common in the young generation.
The only way to deal with this phenomenon is by improving leadership and management skills to improve the regions innovative capacity. According to the final report on Review of Skills (Leitch 2006, p. 9) achieving social justice and economic success in the new global economy requires the achievement of excellent skills. Some of the key debates facing Australia are improving productivity to the advantage of workers, enterprises and the community. In most research findings, one way of addressing this challenge is by optimizing the skill level of all Australians in a workplace context.
Encouraging people to develop and apply skills in the workplace through proper participation can do this effectively (Skills Australia, 2012, p. 5). A dedication to skill acquisition and innovation is one of the most proficient ways that Australia can moderate itself against the outcomes of the worldwide recession and haste up recovery. This will contemporarily generate jobs for the future and give the public security in work. Another key research finding is that Australia is able to emerge out of a low growth economy.
This is possible through adequate supply and use of skills in harnessing the power of technology and its associated improvements (Australian Workforce and Productivity Agency, 2012, p. 4). Key policy thrust in Australia regarding skills Australia’ s recent originality and skill performance have been irregular, and the country has failed to keep up with the rest of the earth (Fieldler, 2007, p. 113). In the past eight years, the country has fallen from the fifth position to eighteenth position in the World financial Forum worldwide Competitiveness directory (Van, 2007, p. 79).
The multi-factor efficiency grew 1.4 per cent per annum on average between 1982 and 1995. Growth has middling only 0.9 per cent annually from then, which is no better than in the 1960s. The grounds for this are not difficult to find. Commonwealth expenditure on science, skill, and originality has fallen 22 per cent as a split of GDP since 1993. Business expenditure on study and progress malformed in the late ’ 90s, and whilst it has developed since then, we still lag behind in many of the countries we participate with.
The percentage of Australian companies bringing in new skill has been fixed at a third for years. A decade of policy disregard has hurt the countries skill performance, making it less prolific and aggressive, and undermining its ability to meet the requirements and ambitions of Australian people and society. In the meantime, the slab keeps rising. China’ s R& D expenditure has grown by 22 per cent annually ever since 1996, contrasted to 8 per cent yearly in Australia. Australia spends 2 per cent of GDP on study and growth. Other countries like the USA spend over 2.5 percent; other countries like Finland spend 3 percent while Israel uses more than 4 per cent.
While Commonwealth expenses on science and originality fell to 0.58 per cent of GDP in 2007, Denmark is gradually raising administration spending on R& D as of 0.89 percent of GDP in 2008, to 0.94 percent in 2009, with a goal of 1 percent in 2010.
Skills Australia (2012).Better use of skills, better outcomes: A research report on skills utilization in Australia. Retrieved from
http://www.awpa.gov.au/publications/documents/Skills-utilisation-research-report-15- May-2012.pdf 23 Sept. 2012
Australian Workforce and Productivity Agency. 2012. Future focus: Australia’s skills and workforce development needs: A discussion paper for the 2012 National Workforce Development Strategy. Sydney. Pp. 116 retrieved from
http://www.awpa.gov.au/publications/publications.html on 23 Sept. 2012
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Van W., Katherine S., Besthorn, H. & Keefe, T. 2007. Human Behavior and the Social Environment: Groups, Communities, and Organizations, NJ: Oxford University Press, pp. 278
Fiedler, E. 2007. A theory of leadership effectiveness, McGraw-Hill: Harper and Row Publishers, pp. 65