The AIS Industry Insights Strategy produces quantitative and qualitative research for use by the Industry Reference Committees (IRC) we support. The information below is drawn from this work, and is complemented by ongoing scanning and analysis of the industry environment domestically, and internationally. It is provided to assist all stakeholders that have an interest in the skills needs of the ESI Generation industry.
The ESI Generation industry has an estimated annual revenue of $24.26 billion, adding $4.96 billion to the Australian economy in 2017. The industry employs almost 11,700 people across Fossil Fuel and Renewable generation. Although the demand for electricity is expected to increase over the next five years, public concern about the environment represents a significant challenge for the industry.
ESI Generation industry metrics
|Average Wage ($)||106,252.46|
|Employment Growth (% to 2023)||-4.8|
Source: IBISWorld Reports on Fossil Fuel Electricity Generation, Hydro-Electricity Generation, Wind and Other Electricity Generation.
ESI Generation IRC SKILLS FORECAST – 2018
The IRC Skills Forecasts focus on the prioritisation of the skill needs of the industry sectors each IRC has responsibility for. They are developed and reviewed annually and submitted on behalf of the IRC to the Australian Industry and Skills Committee (AISC) for approval. The ESI Generation Industry Reference Committee has assigned responsibility for the UEP12 Electricity Supply Industry – Generation Sector Training Package.
The document is deliberately brief, it does not seek to capture every issue within every sector. It is a snapshot of a continually evolving story that is intended to alert and inform a wide audience and enhance their capacity to act.
IRCs are required to consult broadly with stakeholders to ensure a whole-of-industry view about the opportunities and challenges for the workforce and the Training Package review work necessary to meet industry needs. This consultation process occurred throughout December 2017 – April 2018.
Industry Overview: includes information on the overall value and contribution to the Australian economy, including current challenges and opportunities.
Employment includes information on skills shortages, workforce supply side challenges and opportunities, and key workforce data.
Skills Outlook: contains national and international trends, priority skills for industry and other skills related insights.
Proposed Schedule of Work: draws on the information in the earlier sections to clearly articulate the IRCs priorities for Training Package review and development across the four-year period on a year by year basis.
The 2018 ESI Generation IRC Skills Forecast will be submitted to the AISC for its consideration and approval. Work approved by the AISC will become part of the overall National Schedule across all IRCs in the National Training System. More detail about AISC commissioned Training Package activity is available on the AIS Projects page.
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For further information please contact:
M 0417 903 566