Contents

• Introduction
• Global Employment Trends
• Effects of the economic crisis on labor force
• Steel Industry in Australia
• Domestic supply of steel – Australia
• Conclusion
• References

Description

Due to the attack on an American investment bank on 15 September 2008, the global financial system itself was paralyzed. It resulted in the transit of the negative effect in the global economy and also resulted in the job crisis that had plagued the globe. Crisis spread across the globe and it crippled the economies, reduced the enterprise capacity. It forced it millions and millions of people out of their job. Many people have been affected by the work deficits, worse employment situations and the number of poor is increased drastically. There is the negative impact on the economy throughout the world including Australia. Career planning is a process that enables one to choose a career that he plans to pursue life long. This process includes choosing an occupation, getting a job, growing in our job, possibly changing careers, and eventually retiring. This may happen once in our lifetimes, but it is more likely to happen several times as we first define and then redefine ourselves and our goals. This article will focus on career choice and the process one goes through in selecting an occupation taking the global trend in the employment in to consideration. (Antonakis, Avolio & Sivasubramaniam, 2003).