The 2015 Future Leaders Index, which took a look at the lifestyle of 19 to 29-year-old Australians, conducted an investigation of those young minds in respect of their approach towards future career and employment.

The survey was conducted involving 5,000 young Australians through which significant insight about their career goals could be drawn. The survey showed how much this generation has been desperate in increasing their work experience and educational qualifications to get a suitable job with the fear of landing somewhere below expectations.

It revealed that two in three respondents were apprehensive about getting the right position in the current economic climate, and more than half of them felt that Australia was lagging behind in job prospects.

Only 29 percent of the Australians in the survey were sure of what jobs they wanted and felt secure about their career path. Around 65 percent were oriented towards getting on the right career path rather than just managing to get a job, suggesting long term goals. However, some were scared of making decisions amid weak job prospects fuelled by slowing economic growth.

The survey also showed that 76 percent of the female Australians were concerned with their career path, while 60 percent of males were trying to add more qualifications to their resume to get the correct job.

On a different note, some 64 percent of the respondents believe that universities across the nation are not doing their jobs properly as students were feeling lesser equipped for the work they wanted to pursue. Around 84 percent of them believe there needs to be much more workplace training for students.

To get ahead of the stifling competition, students were taking private vocational training, with nearly 43 percent of current students completing career related work placements. In addition, respondents were also flexible to work abroad if local opportunities fell short.

The survey reflects the fact that Australia could face skill shortage unless the government, industry and the educational sector take efforts to lessen the skill gap. However, it also highlights job glut in some sectors, such as science and technical services, desired by future leaders.

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