Wanted 20 000 workers Recruitment crisis on boomer exodus
Below is a MRR and PLR article in category Business -> subcategory Careers.
Urgent Demand for 20,000 Workers Amid Boomer Exodus
Summary
Canberra is experiencing a severe shortage of skilled workers, which may worsen as baby boomers retire. Employers in the region are competing globally to fill positions due to a widespread skills drought.Key Points
- Significant worker shortages in Canberra, expected to double as baby boomers retire.- Federal budget cuts may eliminate up to 3,000 public service jobs, exacerbating the skills gap.
- The ACT Chamber of Commerce highlights this issue as the top concern for business growth.
Article Body
Canberra faces an estimated shortage of 10,000 workers, a figure predicted to double in the next three years as baby boomers retire. This impending workforce gap highlights a critical skills shortage that the upcoming Federal budget cuts, potentially affecting 3,000 public service jobs, are unlikely to alleviate.The Canberra Times is launching a three-part series to explore this skills shortage crisis, particularly acute in the ACT compared to other regions in Australia, and potential solutions.
According to Chris Peters, Chief Executive of the ACT Chamber of Commerce, business growth has stagnated for 18 months due to a lack of available workers. He noted, "Staff shortages have become the top concern for businesses."
Research from the ACT Skills Commission indicates that Canberra will continue to be the most affected by shortages of both skilled and unskilled workers. The demographic skew towards ages 45 to 59 means retiring employees will impact the workforce significantly.
Access Economics predicts labor force participation will increase until 2010, then decline sharply from 2015 as the main segment of baby boomers retires. Commission Chairman Derek Volker warns, "Without action, today’s delays will become tomorrow’s crisis."
Home Help Service ACT, a non-profit organization, urgently needs 20 additional carers for the elderly. Meanwhile, Canberra employers search both nationally and internationally to find staff, competing with a global skills drought.
Three factors contribute to Canberra’s unique worker shortage:
1. The lowest unemployment rate (2.4%) and highest participation rate in Australia, limiting available job seekers.
2. One of the fastest-aging populations in the nation.
3. Early retirement of public servants due to superannuation benefits, leading to more vacancies.
Mr. Peters anticipates Federal budget cuts will result in a net loss of 1,000 public service positions. Although some retirees possess vital skills, this will not resolve the broader issue of shortages across sectors such as engineering, health, trades, services, and construction.
Hays senior regional director for Canberra, Jane Donnelly, noted a demand for financial controllers and managers earning up to $130,000, arising from increased awareness of risk management following last year’s financial crisis.
Mr. Peters remarked on how the shortage affects services: “Longer waits in restaurants, salons, and workshops are becoming common. A car accident could now mean a two-week wait at the panel beaters, soon to be even longer.”
This severe skills deficiency could lead to exacerbated service delays and economic challenges, highlighting the urgent need for proactive measures to address Canberra’s workforce crisis.
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