Future leaders to address brain drain and the Hunter Region
Since commencing the program earlier this year, our HunterNet Future Leaders have been eagerly awaiting the announcement of their major project.
On the evening of 9 August, 31 excited young leaders had their eyes and ears glued to the Future Leaders Committee as they announced participants would need to identify what we can do to arrest the Human Capital Flight (otherwise known as brain drain) in the Hunter Region.
The Hunter is a great place to live; the beaches, the vineyards, the harbour, Lake Macquarie and Port Stephens make this region what it is. Nevertheless, there is a perception amongst young people that, in certain industries, they must leave Newcastle to gain the experience or education necessary for their chosen career.
“Newcastle and the Hunter Region are widely recognised as the engine room of the NSW economy,” said the HunterNet Future Leaders Committee.
“To maintain and build on our existing place in the NSW, Australian and Asian economies, we must act now. We need projects, initiatives and policy settings encompassing social and/or economic considerations to achieve this.”
The effect of brain drain on our region was also a hot topic at our Annual Patron’s Dinner last month, as we facilitated a roundtable discussion about priorities for the region’s industrial, business and economic landscapes. Local leaders identified the need for investment in our young leaders, including involvement in succession planning, investment in training (in particular the passing of knowledge from one generation to the next) and understanding what it is they want to get out of the workforce.
Our program participants have been divided into five teams and assigned a mentor. They’ll have until early October to complete a 20-page written report before presenting their ideas to an esteemed panel of judges later that month. The program will conclude on Friday 2 November at a special Gala Dinner, where the winning team will be announced.
Our Future Leaders Program has consistently delivered high calibre graduates with innovative ideas on how to shape the region’s future and this year is no exception.
We look forward to seeing the results of their major project in October.
IMAGE | Participants in the Future Leaders Program for 2018.
HunterNet is a dynamic business development network focused on opening doors to the global marketplace. They champion the combined capability of their members and promote the Hunter region as an international centre of manufacturing and engineering excellence.