Australia faces a possible skills shortage and may need more trained workers, business leaders have warned.
24 March 2010
Australian skills shortage a major concern as the economy recovers
CEOs in the services and manufacturing sectors have expressed concern about skills shortages as Australia enters into strong growth in the coming year.
The Australian Industry Group and Deloitte’s national CEO survey found manufacturers expected the nominal value of sales to increase 5.6 per cent this year and the services sector tipped sales to rise 6.6 per cent.
The survey found chief executives across all the sectors were concerned about a possible re-emergence of skills shortages as the economy recovered in 2010 and its potential impact on employment and wages.
Deloitte partner Damon Cantwell said it was time for companies to "get on the front foot to ensure they make the most of a solid recovery in 2010".
Skills shortages in Australia have traditionally been addressed by attracting migrants with needed occupations, and the Australian immigration system is currently under review as part of a national skills update.