ADIA is the peak business organisation representing manufacturers and suppliers of dental products. Our vision is for an industry that empowers oral health professionals to advance the health and wellbeing of all Australians...................... — ADIA Strategic Plan

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Jobs And Wages Continue To Grow In The Dental Industry

Jobs And Wages Continue To Grow In The Dental Industry

29th Aug 18

Summary —

The latest survey of business confidence shows there is sustained growth in jobs and wages within the businesses that manufacture and supply innovative dental products, reinforcing the sector's reputation as a great place to work.

Key Issues For The Dental Industry —

The Australian Dental Industry Association (ADIA) publishes the Australian Dental Products Sector Business Conditions Survey which provides a quarterly assessment of the business conditions amongst dental product manufacturers and suppliers, including changes to wage costs and workforce size.

The report has now been produced for twenty consecutive quarters and shows sustained sentiment of wage growth across the survey series.  Similarly, the survey also provides sentiment of sustained wage growth, something that is partly a product of a growth in employment numbers.

The latest edition of the survey reported on the actual business conditions within dental product manufacturers and suppliers for the fourth quarter of FY2017-18 and notes the following sentiment:

Index:
Reading:

Actual Wage Cost Index
74.7 (Previous Quarter 56.1)

 

Measure:

This index provides an assessment of sentiments as to whether total wage costs increased, decreased or stayed the same compared to the previous quarter. 

 

Assessment:

The underpinning sentiment is that there was strong increase in wage volumes, something attributed to payment bonuses to sales staff at the end of the financial year.  A detailed analysis is available in the full report.

The Australian Dental Products Sector Business Conditions Survey also provides sentiment the size of the workforce across dental product manufacturers and suppliers.

Index:
Reading:

Expected Workforce Size Index
57.1 (Previous Quarter 59.0)

 

Measure:

This index provides an assessment of sentiments as to whether product manufacturing / purchase and administrative costs rose, fell or stayed the same compared to the previous quarter.

 

Assessment:

There was sentiment of a moderate increase in the product manufacturing / purchase and administrative costs. A detailed analysis is available in the full report.

On the graphs above the the black line is the actual sentiment reading for FY2017-18 fourth quarter and the red line the expectations reading for FY2018-19 first quarter.  Sentiment on wage costs expectations was 76.1 (strong growth) and sentiment of the workforce size 64.3 (moderate growth) for the FY2018-19 first quarter.

This data is designed to provide guidance on the sentiment within the dental industry and provides a useful way for dental product manufacturers and suppliers to assess whether the business conditions that they are experiencing are broadly in-line with sector-wide sentiment.

Dental Products Sector Sentiment Survey Information —


Australian Dental Products Sector Business Conditions Survey - Download current edition *
Australian Dental Products Sector Business Conditions Survey - Survey methodology


The data collected to provide this report was collected via an online survey over two weeks from 23-29 July 2018 that was completed by approximately one in five member businesses.  The Australian Dental Products Sector Business Conditions Survey is just one of many of ADIA’s publications that analyse the market for dental products. For information on other market analysis visit the ADIA website.

Member engagement —

ADIA provides leadership, strategy, advocacy and support. Our members set our agenda, fund our activities, and directly benefit from the results.  With respect to the market research published by ADIA, representatives of member businesses serving on the ADIA-MSPC Market Statistics Projects Committee provide advice and guidance to the national office team responsible for managing the research projects.

Currency & Disclaimer —

This update was issued on 29 August 2018 and please note that changes in circumstances after the publication of material or information may impact upon its accuracy and also change regulatory compliance obligations. The statements, regulatory and technical information contained herein are believed to be accurate and are provided for information purposes only. Readers are responsible for assessing its relevance and verifying the accuracy of the content. To the fullest extent permitted by law, ADIA will not be liable for any loss, damage, cost or expense incurred in relation to or arising as a result of relying on the information presented here. 


This publication is available for your use under a Creative Commons Attribution 3.0 Australia licence, with the exception of the ADIA logo, other images and where otherwise stated. 

A.. A D I A . .S T R A T E G I C . .A L L I A N C E S
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