How Cultural Diversity In Australia Benefits Country’s Work Culture?

‘Cultural Diversity’ – doesn’t curiosity about this one aspect crop up in your mind whenever you think of Australia? And indeed, in a nation where –

  • Immigration has contributed (during the last ten years), over 62X growth to the present 25 million population quotient
  • More than 29% of the populace claims to be born in foreign lands
  • And, within that percentage, 19% retain a nativity of a non-English country
  • On an overall basis, the population ‘contains’ people of 200 various origins

the national cultural fabric is bound to become one vital matter of public interest and exploration.

But, ‘getting wise’ about cultural diversity in Australia is not an instant task to accomplish. If truly willing to know, then you require ‘plunging in’ into days of studies and hours of ‘Googling.’

However, by engaging in this specific write-up, you can gain a concrete idea about one definite spectrum:

  • Results the Australian work infrastructure ‘reaps’ given to such a diversified society.

Feeling intrigued? Then delve in below –

Culturally Diverse: Professionally Profitable

And the prime fact supporting this statement is that –

  • Australia constitutes, as a result of an annual 1.7% ‘influx’ of immigration, around 34.1% of the most productive working-age population; that is, people within their 30-54 years of age. And this quotient is higher than what any other country possesses (U.K: 33.4% and the U.S.A: 32.1%) right now.

Employing much of an ethnically divergent workforce has proven:

  • Beneficent for the nation’s top-ranking firms to bring home around 35% more of revenue concerning the national median for their definite industries. (Mc Kinsey Global 2015 Survey)

But what are the exact ways by this cultural diversity in Australia contributes to the professional spectrum? Well, it’s not just one:

#1 Striking ‘Hike’ In Productivity

Below-average fertility rate

&

Speedily aging population

If attention to the purely Australian populace (free of any migration count) is given, then these are the two realities that emerge.

How does the nation then–

  • Continue to maintain an 81 index points average on the productivity yardstick for 51 long years (1968 – 2019)
  • Accomplish a 100X stability over the same scale throughout 2019
  • Experiences around 66% rise in active labor participation this year ?

All kudos go to the efficient and readily engageable human resources that keep setting foot into the land.

In the desire to ‘settle down’ and ‘make it big’ in a foreign nation, such resources (of each category) devote ultimate of their hard work and knowledge to the job roles achieved and, therein –

  1. Give a sincere increase to domestic production – while hiking the ‘Q’ of quality as well
  2. Facilitate the national economy with strategic economies of scale
  3. Prepare grounds for 2050, when, as a result of migration, national productivity will inflate and ‘boost’ the country’s GDP by 6% on a per capita measure.

# 2) Retaining Long-Term Employees

One distinctive perk every firm recruiting migrants opine to have achieved. On a practical note,

  • Once landing as an immigrant, a person will be in the readiest need of an employment to secure his/her own subsistence.

And such a requisite is even more pronounced in a land where around 170,000 people migrate yearly and struggle for suitably surviving.

Thus, if successful in organizing:

  • Feasible professional scopes especially for migrators
  • Working standards that bring out the best potentiality of each recruited immigrant

&

  • A zero-tolerance-to-discrimination office environment

Australian organizations do hold a sound chance of preserving a persistent and proficient CALD (Culturally and Linguistically Diverse) workforce – that, in effect, champion –

  • 50% of their complete success in the long-run.

# 3) The Advantage Of Skilled Labor

As cites the reputed house of Australian translation services, of all the foreigners entering the nation, around 58% hold a skill-based visa. And such a visa is granted –

  • Only after a thorough and step-by-step scrutiny of one’s professional expertise, reasoning ability, interactive power, and academic wisdom.

Thus, finding and recruiting real-time talent from within the CALD human resource emerges as one easiest task for Australian companies. And such employees prove especially worthwhile for –

  1. The viable solution of issues that relate to the international business scenario. How come? Given to respective migrants’ experience with different commercial scenarios around the world, a firm gets to know which particular ‘hack’ solves which global challenge.
  2. Devising of creatively unique, yet commercially profiting strategies. When pros from varied professional backgrounds and with tested expertise will unite, enrichment of the overall operational style is bound to happen, right?
  3. Diversifying production and targeting newer markets. A team made up of ethnically variant professionals can quickly provide inputs about product and service expectations of different communities and what are the potential ‘gaps’ to be fulfilled in such markets. Consequently, a substantial impetus for commerce’s expansion.
  4. Continuous ‘driving in’ of up-to-date knowledge, ingenuity, and various pragmatic know-how-s of business doing as prevailing in countries across the borders. Resultantly, Australian enterprises are never ‘short’ of real-time quality resources. No matter when needed, and for what purpose.
  5. Deploying of guaranteed-to-succeed plans in situations requiring immediate action. Sounding utopian? But isn’t it highly probable that a migrant employee may retain the experience of handling the same emergency? With ‘sources’ of the immigration being as many as 200 nations (and the multiple commercial textures inherent to them)– do think.
  6. An uplift in brand image, as a patron of cultural diversity in Australia, within all local immigrant communities whose ‘people’ get recruited. In effect, a strengthened chance to acquire and retain loyal customers from such sectors.

Instant access to certified-as-skilled migrant workforce is:

  • A chief reason Australia continues to experience economic development, inclusive of 108X of successive GDP quarters, since the last national depression 27 years ago.
  • Pillar of the prediction that, in 2050, active employee participation will heighten by 16X – while percentage profit of ROI over recruitment counting up to 45%

# 4 Growth Of Work Opportunities

And the two fields experiencing that to the most are construction and education. When there happens to be an annual ‘coming in’ of over 1 million people desiring to settle down, the most natural result turns to be the need for houses.

Thereby, experiences the Australian construction industry an actual ‘explosion’ in the search for deft engineers, expert architects and proficient labors, with –

  • A requirement for active construction rising by 2% per quarter each year

&

  • Ready employment scopes for over 1.1 million professionals

The sector, at present:

  • Contributes 8% to the annual GDP rate
  • Is the only non-service industry providing $132 billion to the domestic economy

But why the academic genre? Well, obtaining a degree from an Australian university is seen as the readiest path for migrators to accomplish a permanent resident-ship. This, in turn, leads to Australia:

  • Holding a global fourth-position rank amongst nations having university students from across the borders
  • Witnessing a yearly double-figure pace of enrollments at high schools, junior colleges, and universities from the global student fraternity
  • Making up about 2/3rd of the total profit from educational services provided as from the fees paid by international students

Hard to imagine about the 2050 prediction of migrant productivity infusing $1.6 trillion to the nation’s GDP? No, correct. Let’s wait with all the expectations!

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