Archive for February 2023
Hiring conditions in manufacturing in 2023
There are several factors driving more than 50% of Australian businesses to return to manufacturing jobs onshore over the next three years, further stressing the need for increased recruitment efforts in 2023. A recent study conducted by AI-based pricing firm PROS found that overseas market and supply instability, the increased trend in consumer preferences for…
Read MoreHiring conditions in infrastructure in 2023
As one of Australia’s largest industries, infrastructure is not immune to the effects of candidate shortages. Project delays due to an undersupply of talent continues to be one of the largest challenges the industry faces. According to the government’s Infrastructure Market Capacity 2022 Report, there was a shortage of 214,000 skilled workers in the infrastructure…
Read MoreHiring conditions in wealth management in 2023
You’ll likely be familiar with the term ‘candidate shortage’; as Australia has been fighting a lack of available talent for the past two years. With the unemployment rate the lowest it has been in decades, what does this mean for wealth management employers? Australia’s ageing population will drive strong demand for health insurance, superannuation, and…
Read MoreHiring conditions in insurance in 2023
You’ve read about candidate shortages in the news and even experienced it yourself at work. With the unemployment rate expected to remain low for the foreseeable future, what does this mean for the insurance industry? Employment in the insurance sector in Australia is projected to increase from 116,900 in 2022 to 126,600 by 2025. A…
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