Impact of generative AI on skills in the workplace
REPORT

Impact of generative AI on skills in the workplace

clock

20.02.2024 - 02:25

Generative AITechnology

Research by Mandala Partners in partnership with the Future Skills Organisation examines the impact of generative AI on finance, technology and business occupations, and the ramifications this will have on the training system in Australia. Industry estimates of the impact of generative AI in Australia range from between $45 billion to $115 billion by 2030. With Australia projected to have a 370,000 digital worker shortfall by 2026, according to the Growing Australia’s Digital Workforce report, these findings will be crucial in considering how to tailor the training system to meet demand.

The occupations with the highest required skill level are more likely to change as generative AI systems are implemented.

The primary impact on the training system will be at the university level as occupations that generally require university qualifications typically have greater exposure to generative AI. Within the Vocational Education and Training (VET) system, higher level qualifications are also more likely to face disruption.

portableText image

“To determine the impact on Australia’s training system, and in particular VET, we mapped estimates of the impact on the human abilities that form the fundamental building blocks of tasks, skills and occupations. This allowed us to estimate the impacts at the occupation, qualification and unit of competency level.”

– Director Tom McMahon, recounting the methodology of the research.

In the Financial Services training package, the greatest exposure to generative AI is in qualifications preparing people for roles in accounting and clerking for financial services firms. In the Business Services training package, the greatest exposure is seen in administration and call centre roles. In the ICT training package, the greatest exposure is seen in software development and programming roles.

portableText image

Generative AI will affect the tasks that we perform in different ways: some automated, many augmented, and others adapted.

Tasks that AI systems can manage entirely on their own will be automated, increasing efficiency and eliminating routine effort.

Tasks will be augmented where there is a synergy where AI enhances human abilities, allowing for collaborative work that harnesses the strengths of both AI and human judgment. Evidence of this impact is already evident in tasks associated with writing, translation, research and software development.

Specific tasks adapt to incorporate AI-driven insights or actions, requiring humans to interpret, validate, or combine these outputs. Evidence of this can be seen in tasks such as classification and editing AI generated text.

With Australia projected to have a 370,000 digital worker shortfall by 2026, according to the Growing Australia’s Digital Workforce report, these findings will be crucial in considering how to tailor the training system to meet demand.

portableText image

Read the full report on the Future Skills Organisation website.

Read our latest posts

Attracting international capital
EconomicsCapital Markets

Attracting international capital

International investment has powered Australia's property sector, with international investors providing $1 in every $3 of institutional property investment over the past ten years. Yet in recent years, Victoria and Queensland have introduced additional taxes on these investors. This report examines a critical question: are these taxes deterring the investment Australia needs to build cities, create jobs, and support economic growth? Commissioned by the Property Council of Australia, the analysis reveals that Victoria has seen global institutional investment plummet by 53% since 2022, coinciding with rising tax rates. Queensland shows similar stagnation despite strong economic conditions. Through economic modelling and case studies of stalled projects - from student accommodation to industrial estates - the report quantifies what removing these surcharges could mean for Australia's economic future and competitiveness in attracting international capital.

24 Nov, 2025

Private Capital: Australia's Untapped Opportunity
SuperannuationEconomicsFinancial ServicesCapital Markets

Private Capital: Australia's Untapped Opportunity

Our latest research commissioned by the Australian Investment Council reveals regulatory barriers are constraining superannuation investment in private equity and venture capital (PEVC), costing retirees up to $20,000 and the economy 140,000 jobs. Despite PEVC delivering returns 10.8 percentage points higher than listed equity, Australian super funds allocate just 4.4% versus 14% for top global pension funds. Fixing the distortionary effects of RG 97 and Your Future Your Super would improve member outcomes and grow the pool of capital for Australian projects.

18 Nov, 2025

Advancing innovation and productivity in the care sector
HealthProductivityTechnologyInnovation

Advancing innovation and productivity in the care sector

Our latest research commissioned by Kismet Healthcare examines opportunities to advance innovation and productivity in Australia's care sector through targeted technological solutions. We identify four high-impact, low-risk opportunities that could deliver over $2 billion in annual productivity gains in the NDIS alone. This study highlights the need for governments to establish a strong digital care ecosystem to preserve the benefits of quality care while addressing rising demand from Australia's aging population.

10 Nov, 2025

Prevention pays: Cutting the cost of dental hospitalisations
Health

Prevention pays: Cutting the cost of dental hospitalisations

Outlining the scale, impact and solutions to preventable dental hospitalisations in NSW.

17 Oct, 2025

Loading...