TALENT ON THE BRINK:
Australia’s Skills Shortage
Has Arrived
TALENT ON THE BRINK:
Australia’s Skills Shortage
Has Arrived
Download our State of the Market Q1 2024 report to gain valuable insights into Australia’s talent market and learn key strategies to deliver success amid the country’s major skills shortage.
36% of all occupations in Australia are currently experiencing a talent shortage.
47% of critical professional and technical fields are impacted.
There are only 2.7 suitable candidates per vacancy.
Australia has been hurtling towards a crippling skills shortage for years, and yet it has largely crept up on most organisations through the fog of COVID.
Political and economic factors, both domestic and international, impact our already tight labour market, driving intense competition for critical talent.
2024 is already shaping up as a volatile year, with perpetuating factors such as declining domestic university enrolment rates, declining youth labour market participation, and increasing underemployment, fuelling the talent constriction and economic tightening.
In this market, the organisations that will rise above the pack are the ones that prioritise workforce capability, shifting their strategies from the war for talent to creating talent.
Download this eBook to:
- Understand how key drivers are shifting and impacting the market
- Identify opportunities to combat the skills gap
- Develop an effective long-term, skills-centric workforce strategy
Download our State of the Market Q1 2024 report to gain valuable insights into Australia’s talent market and learn key strategies to deliver success amid the country’s major skills shortage.
36% of all occupations in Australia are currently experiencing a talent shortage.
47% of critical professional and technical fields are impacted.
There are only 2.7 suitable candidates per vacancy.
Australia has been hurtling towards a crippling skills shortage for years, and yet it has largely crept up on most organisations through the fog of COVID.
Political and economic factors, both domestic and international, impact our already tight labour market, driving intense competition for critical talent.
2024 is already shaping up as a volatile year, with perpetuating factors such as declining domestic university enrolment rates, declining youth labour market participation, and increasing underemployment, fuelling the talent constriction and economic tightening.
In this market, the organisations that will rise above the pack are the ones that prioritise workforce capability, shifting their strategies from the war for talent to creating talent.
Download this eBook to:
- Understand how key drivers are shifting and impacting the market
- Identify opportunities to combat the skills gap
- Develop an effective long-term, skills-centric workforce strategy