Australia’s Employment Talent Mismatch
The 2016 Hays Global Skills Index has been released, highlighting Australia’s talent mismatch between the skills unemployed workers possess and those employers want to hire.
The report, published in collaboration with Oxford Economics, shows that despite an existing pool of labour, employers in high skill industries can still find it difficult to fill jobs that require highly skilled professionals.
According to Hays, this struggle to keep pace with labour market demand has primarily been brought about by an increasing number of job opportunities in highly skilled industries and the search for employees with specialised skills is harder than it was at this time last year.
Employers in IT, engineering, life sciences, financial services and professional services are finding it harder overall to find suitably skilled people to fill roles, and while wages are growing faster in these skills shortage industries, wage growth is still moderate with businesses keeping a sharp eye on their wage budgets.