CHANGING DEMOGRAPHICS, EMERGING TRENDS:

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1 CHANGING DEMOGRAPHICS, EMERGING TRENDS: T HE AGE OF CHANGE & THE I M P LICATIONS FOR BUSINESS. Mark McCrindle Grant Thornton Client Event Thursday 12 October 2017

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4 2027

5 2007

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7 SMARTPHONES

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9 TODAY: SMARTPHONES

10 TOMORROW: SMARTPHONES?

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15 AUSTRALIA, 2011 CENSUS 21.5m

16 AUSTRALIA TODAY 24.6m

17 FIVE-YEAR GROWTH RATE 8.8%

18 FIVE-YEAR GROWTH RATE 8.8% 10% BRISBANE

19 FIVE-YEAR GROWTH RATE 8.8% 10% BRISBANE 10% SYDNEY

20 FIVE-YEAR GROWTH RATE 8.8% 10% BRISBANE 10% 12% SYDNEY MELBOURNE

21 AUSTRALIA 26% MED/HIGH DENSITY DWELLINGS 3/4 1/4

22 SYDNEY & MELBOURNE 43% MED & HIGH DENSITY 3/5 2/5

23 NEW APPROVALS LARGEST CAPITALS 1/3 2/3

24 AVERAGE ANNUAL ADULT EARNINGS 2007

25 AVERAGE ANNUAL ADULT EARNINGS 2007 $52,000

26 AVERAGE ANNUAL ADULT EARNINGS 2017

27 AVERAGE ANNUAL ADULT EARNINGS 2017 $80,000

28 AVERAGE ANNUAL ADULT EARNINGS 2017 $80,000 Increase of 54%

29 MEDIAN HOUSE PRICE, MELBOURNE 2007

30 MEDIAN HOUSE PRICE, MELBOURNE $420,

31 MEDIAN HOUSE PRICE, MELBOURNE $420,

32 MEDIAN HOUSE PRICE, MELBOURNE $420,000 $980,

33 MEDIAN HOUSE PRICE, MELBOURNE $420,000 $980, Increase of %

34 HOUSEHOLD INCOME: FLAT ( HILDA 2017)

35 DEBT HIGHER: HOUSEHOLD DEBT TO INCOME RATIO

36 HOME OWNERSHIP (HILDA 2017) 40% 30% Home ownership rates, ages % 32% 31% 25% 20% 10% 0%

37 HOUSE PRICES EXCEEDING WAGES GROWTH

38 HOUSE PRICES EXCEEDING WAGES GROWTH

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40 AUSTRALIA HAS A GREATER % OF MIGRANTS THAN

41 MIGRATION NATION 1 in 5 of Australia s migrants arrived since % settle in capital cities More Australians born in Asia than Europe

42 HIGHEST % OVERSEAS BORN: VICTORIA (2016) Ranking Suburb % born o/s 1 Clayton Melbourne (City) Springvale Clayton South Dandenong 62.7

43 HOUSEHOLDS SPEAKING NON -ENGLISH LANGUAGE Australia 21% 1 in 5

44 HOUSEHOLDS SPEAKING NON -ENGLISH LANGUAGE Australia 21% Victoria 28% 1 in 5 1 in 4

45 HOUSEHOLDS SPEAKING NON -ENGLISH LANGUAGE Melbourne (city) Australia 21% Victoria 28% 64% 1 in 5 1 in 4 2 in 3

46 CULTURAL DIVERSITY

47 STRATEGIC LOCATION

48 SCARY SYMBOLS FOR A GLOBAL GENERATION

49 SCARY SYMBOLS FOR A GLOBAL GENERATION

50 SCARY SYMBOLS FOR A GLOBAL GENERATION

51 SCARY SYMBOLS FOR A GLOBAL GENERATION

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56 INCREASED LONGEVITY

57 INCREASED LONGEVITY

58 INCREASED LONGEVITY

59 GROWING POPULATION 11% of population 1 in 9 16% of population 1 in 7 18% of population 1 in 6 19% of population 1 in 5

60 SUBURBS OF YOUNG & OLD (VIC): 2016 CENSUS Suburb Median Age AUSTRALIA 38

61 SUBURBS OF YOUNG & OLD (VIC): 2016 CENSUS Suburb Median Age Portsea 67 Sorrento 65 Rosebud 59 AUSTRALIA 38

62 SUBURBS OF YOUNG & OLD ( VIC): 2016 CENSUS Suburb Median Age Portsea 67 Sorrento 65 Rosebud 59 AUSTRALIA 38 Carlton 24 Clayton 25 Parkville 26

63 CHANGE FATIGUE

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65 SIX GENERATIONS

66 Hundo my work gig is totes slay- the hours are defs cray cray but yolo.

67 I like my job.

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71 JOBS OF THE FUTURE RECRUITING NOW

72 JOBS OF THE FUTURE RECRUITING NOW Blockchain developer. Medical nanotechnologist. UAV operator. Data visualisation designer.

73 JOBS OF THE FUTURE RECRUITING NOW Blockchain developer. Cognitive computer analyst. Medical nanotechnologist. Virtual reality engineer. UAV operator. Data visualisation designer. App developer. UX manager.

74 JOBS OF THE FUTURE RECRUITING NOW Blockchain developer. Cognitive computer analyst. Cyber security professional. Medical nanotechnologist. Virtual reality engineer. Robotics technician. Social media marketer. UAV operator. Data visualisation designer. App developer. UX manager. Digital services officer.

75 MEET THE KIPPERS K I P P E R S

76 MEET THE KIPPERS Kids In Parents Pockets Eroding Retirement Savings

77 OUR NATION IS CHANGING

78 OUR WORKFORCE IS CHANGING

79 OUR MANAGEMENT NEEDS CHANGING

80 THE ENGAGEMENT EQUATION

81 THE ENGAGEMENT EQUATION Culture + Purpose + Impact

82 ATTRACTING & RETAINING A TALENTED TEAM Culture +

83 EXPECTATION INFLATION

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94 ATTRACTING & RETAINING A TALENTED TEAM Culture + Purpose Impact

95 PURPOSE

96 PURPOSE Remuneration Employment conditions Superannuation Employment stability Worker entitlements Job security Tenure Role Description

97 PURPOSE Social events Collaboration Workplace Flexibility culture Remuneration Employment conditions Superannuation Employment stability Professional networking Co-working spaces Team Job security building Worker entitlements Tenure Role Description

98 PURPOSE Triple bottom Volunteer line Days Organisational values Professional development Social events Collaboration Workplace Flexibility culture Remuneration Employment conditions Superannuation Employment stability Corporate Giving Programs Career Further study pathways Training Professional networking Co-working spaces Team Job security building Worker entitlements Tenure Role Description Life coaching

99 PURPOSE

100 PURPOSE

101 ATTRACTING & RETAINING A TALENTED TEAM Culture + Purpose + Impact

102 LEADERSHIP STYLES

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109 THE ENGAGEMENT EQUATION

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111 Mark McCrindle

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