X
  • About
  • Advertise
  • Contact
Get the latest news! Subscribe to the ifa bulletin
  • News
  • Opinion
  • Podcast
  • Risk
  • Events
  • Video
  • Promoted Content
  • Webcasts
No Results
View All Results
  • News
  • Opinion
  • Podcast
  • Risk
  • Events
  • Video
  • Promoted Content
  • Webcasts
No Results
View All Results
No Results
View All Results
Home Opinion

Agile thinking wins today

As the workforce landscape changes and there is a growing requirement for new and different skills, it will no longer suffice for financial advice practices to motor along, business as usual.

by Julia Newbould BT
January 27, 2017
in Opinion
Reading Time: 4 mins read
Share on FacebookShare on Twitter

If you’re connected to a large corporate at the moment, you’re probably familiar with the new buzzword around town – agile.

For some people, this means you have access to short-term temporary desks, and each morning begins with a merry sort of musical chairs routine. For those more deeply immersed in an agile workforce – it’s about working with new teams on a regular rotation basis to cover off sprints of new priority jobs. It’s a completely different way of thinking and is about responding to projects based on priority while, where possible, stripping out some of the mundane, business-as-usual stuff.

X

Agile itself is a term that, to me, means being able to change thinking and focus where necessary to get the job done.

It’s a very useful way to be. So how can you access it for your own business?

A report by the Foundation for Young Australians, The New Work Order, revealed 70 per cent of people entering the workforce are working in industries that will look very different or will be significantly affected by automation. That’s certainly not to say that these roles will be replaced, but it is to encourage a mindfulness that new skills, such as digital capabilities, especially for the younger generation are going to be more important.

A new and growing skill is that of the drone pilot. In the not-too-distant future drones are estimated to affect utilities – using drones to inspect powerlines, telephone towers and wind turbines; mining; fast food delivery; general delivery; any trade that needs inspections from heights; and photography. This is just one example of a new role that is set to grow exponentially.

For people who have experience in online gaming – drone piloting is a role that may suit their expertise. It is likely not to be what they were ‘training’ themselves for, but it’s certainly something that they can consider.

In fact, all the skills learned in different parts of a person’s life should work together to determine expertise and ability to undertake different, new roles.

Even in current roles, skills will need to change. Simply managing people will need to expand to managing people located remotely – potentially quite a different skill.

Agile is all about adapting for future tasks, roles and building on training and experience to solve all manner of problems.

In fact, problem-solving is the skill most valued by employers, and a workforce that can think logically and laterally will be top of mind. Employees who will set themselves apart will be skilled at solving current problems, but importantly can identify and potentially solve foreseeable issues.

According to The New Work Order, more than half of Australian workers will need to be able to use, configure or build digital systems in the next 2-3 years.

The survey also showed that in the last 25 years the rise of skilled workers rose from 47 per cent of the workforce to 66 per cent of the workforce.

In Australia, technology has accelerated the division of labour and enabled companies to divide work into smaller tasks that can be sourced from a global labour pool. This has seen young people in Australia become more educated than the OECD average.

Further, barriers to entrepreneurship are falling and technology and globalisation are making it easier and cheaper to run start-ups.

The increase in flexibility and working remotely is allowing higher participation, and ultimately higher productivity.

Running businesses from non-bricks and mortar sites can mean an increase in creativity and new business ideas. We need to think about these differences and think in an agile way.

Financial services is likely to face disruptors and this is why we need to keep thinking differently. If we want to keep servicing the clients we have, we need to keep them top of mind – and make sure we are giving them what they want and deliver on it quickly and efficiently.


Julia Newbould, Stella Network Leader, BT Financial Group

Tags: Opinion

Related Posts

The illusion of the financial therapist

by Keith Ford
December 8, 2025
0

The interface between a human being and a volatile market is not a spreadsheet. It is a story. It is...

Image: intelliflo

The AI opportunity is huge, but integration and limits are vital

by Nick Eatock
November 24, 2025
2

The AI revolution has irreversibly changed financial advice, with many advisers’ typical day looking fundamentally different to how it did...

Image: Bombora Advice

The age of underinsurance and the consumer gap we cannot ignore

by Niall McConville
November 17, 2025
1

From an industry perspective, it’s a consumer gap that threatens our long-term sustainability if left unchecked. Rising premiums are compounding...

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

VIEW ALL
Promoted Content

Seasonal changes seem more volatile

We move through economic cycles much like we do the seasons. Like preparing for changes in temperature by carrying an...

by VanEck
December 10, 2025
Promoted Content

Mortgage-backed securities offering the home advantage

Domestic credit spreads have tightened markedly since US Liberation Day on 2 April, buoyed by US trade deal announcements between...

by VanEck
December 3, 2025
Promoted Content

Private Credit in Transition: Governance, Growth, and the Road Ahead

Private credit is reshaping commercial real estate finance. Success now depends on collaboration, discipline, and strong governance across the market.

by Zagga
October 29, 2025
Promoted Content

Boring can be brilliant: why steady investing builds lasting wealth

Excitement sells stories, not stability. For long-term wealth, consistency and compounding matter most — proving that sometimes boring is the...

by Zagga
September 30, 2025

Join our newsletter

View our privacy policy, collection notice and terms and conditions to understand how we use your personal information.

Poll

This poll has closed

Do you have clients that would be impacted by the proposed Division 296 $3 million super tax?
Vote
www.ifa.com.au is a digital platform that offers daily online news, analysis, reports, and business strategy content that is specifically designed to address the issues and industry developments that are most relevant to the evolving financial planning industry in Australia. The platform is dedicated to serving advisers and is created with their needs and interests as the primary focus.

Subscribe to our newsletter

View our privacy policy, collection notice and terms and conditions to understand how we use your personal information.

About IFA

  • About
  • Advertise
  • Contact
  • Terms & Conditions
  • Privacy Collection Notice
  • Privacy Policy

Popular Topics

  • News
  • Risk
  • Opinion
  • Podcast
  • Promoted Content
  • Video
  • Profiles
  • Events

© 2025 All Rights Reserved. All content published on this site is the property of Prime Creative Media. Unauthorised reproduction is prohibited

No Results
View All Results
NEWSLETTER
  • News
  • Opinion
  • Podcast
  • Risk
  • Events
  • Video
  • Promoted Content
  • Webcasts
  • About
  • Advertise
  • Contact Us

© 2025 All Rights Reserved. All content published on this site is the property of Prime Creative Media. Unauthorised reproduction is prohibited