Future skills shortages to suit juniors

Written on the 15 September 2010

GOLD Coast business owners should protect themselves against a return to a skills shortage similar to that experienced prior to the downturn.

Hays Gold Coast director Darren Buchanan, says the impact of future skills shortages can be minimised by investing in recruiting and training entry-level candidates.

“The global financial crisis gave employers a breather from the skills shortage, but this breather won’t last. All signs point towards a candidate shortage once again,” he says.

“To help alleviate this and meet future workloads, employers can invest in graduates and less experienced candidates.

“Skills shortages are already starting to emerge. There were a large number of candidates available in the middle of the financial downturn but the number of highly skilled candidates has since reduced in line with the market’s steady recovery.

“There are now areas of high candidate demand, for example the energy, engineering, IT and accountancy sectors are experiencing a shortage of highly skilled and specialised candidates.”

The economic downturn halted the graduate/junior recruitment market.

“The recruiting and training of graduates and entry-level candidates fell sharply in 2009,” says Buchanan.

“Employers were averse to risk in any form, and so they wanted proven performers. Many entry-level candidates struggled to find work, sometimes ending up in a role outside their industry.

“We also advise employers when recruiting to look ahead at what a candidate can offer in the coming three to five years, rather than just the next two years. This will also have a positive effect internally, with staff valuing the potential for future opportunities with their employer.”


Latest News

INTEREST IN RETAIL PROPERTY SPIKES AS INTERNATIONAL BRANDS LOOK TO ROLL OUT IN AUSTRALIA

AN influx of international retail brands into Australia over the next five years are expected to push up demand for f...

MANTRA BOASTS OF SUCCESSFUL HOTEL INTEGRATION AS NET PROFIT GROWS 15 PER CENT

MANTRA Group (ASX:MTR) CEO Bob East has praised the performance of the company's new Honolulu Hotel as it posted ...

WHITEHAVEN TRIPLES EARNINGS, PAYS DOWN DEBT AFTER COAL PRICE TURNAROUND

THE HIGH coal price has allowed Whitehaven Coal to triple earnings and pay down a large portion of its debt in the fi...

BABY BUNTING BUOYED BY CLICKS AND BRICKS PERFORMANCE

BABY Bunting has grown sales 18.1 per cent to $135.1 million in the first half of FY17, sweetened by the opening o...

Related News

WHY EMPLOYEE-OWNED COMPANIES ARE BEATING ASX200 SHARE PRICES

EMPLOYEE-owned companies command a higher share price than their publicly listed peers, reaping a 17 per cent prem...

RISE OF THE MACHINES HAS WORKERS SWEATING

UP TO 3.8 million Australian workers are fearful their job may soon be terminated by a robot, a new survey has shown....

LESS TALK, MORE SMALL BUSINESS ACTION IN 2017

THE future growth and prosperity of Australian SMEs could be undermined if governments lose sight of the sector...

TEST DRIVE A POST GRAD AT BOND

THERE'S only one way to really move your career into the fast lane, says Bond University, and 'test driving...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter