Skills shortages are an Aussie worker’s best friend

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Australian employers are relaxing their selection criteria to fill vacant positions amid the nation’s ongoing skills shortage. Many employers have become more willing to compromise when it comes to key criteria such as years of work experience, education qualifications and technical certifications. Companies have also become more willing to invest in training and upskilling.

The skilled labour shortage has heightened calls for an increase in Australia’s skilled migrant intake. For example, the Business Council of Australia wants the annual permanent skilled migration cap to be raised to 220,000 in the next two financial years before reverting to 190,000 in subsequent years.

From The AFR:

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.