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Labour Insight™ (ANZ) - ANZSCO and Lightcast Occupation Taxonomy: Differences
Labour Insight™ (ANZ) - ANZSCO and Lightcast Occupation Taxonomy: Differences

How do ANZSCO and LOT differ?

Updated over 5 months ago

Certain occupations are specifically referenced within ANZSCO, but not LOT, and vice versa. Occupations that are not referenced within LOT that are specifically mantioned by ANZSCO are tend to be niche or even declining occupations. As an example, ANZSCO has defined over a dozen occupations relating to various, low-demand, agricultural roles with a high level of granularity. Where the LOT taxonomy has consolidated them into the role, Farm Worker.

LOT has also taken overly generalised ANZSCO occupations and has broken them down to a more relevant level of granularity. As an example the ANZSCO occupation ‘Accountant (General)’ has been segmented further to the LOT occupation for ‘Accountant’, and ‘Financial Analyst'. Including high growth occupations, such as 'Financial Analyst', within the taxonomy provides a more comprehensive insight into the movements of the labour market by more accurately reflecting current employer demand.

For even more granular analysis of high demand or growth occupations, the LOT further subdivides some Occupations into Specialised Occupations.

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