CSIRO says nuclear energy too expensive to help Australia cut carbon emissions; new polling shows uptick in disapproval of PM’s performance. Follow updates here.
Skilled migration and employee share schemes will be key to solving the skills shortage, say company directors who warn it has become the biggest problem for business by far ahead of the prime minister’s September job summit.
Transurban director and former CEO of MLC Peter Scott is among 80 per cent of top directors who warn attracting and retaining skilled labour has become the top concern for business, according to directors surveyed by law firm KingAn airport jobs fair at the Sydney International Airport Terminal in June. Australia is in the grip of a talent shortage.that the country needed better pathways for workers to seek permanent residency.
“Australia has been a nation of immigrants for as long as I can remember ... it’s the way we are and one of our greatest strengths, but it’s become problematic because organisations just can’t get the skills they need, quickly enough,” Scott told“The government has got to get focused on the regulatory environment to get skilled migration back into the armoury of this country,” he said.
Aside from chronic skill shortages across the tech sector, he pointed to the risk of time and cost blowouts in major infrastructure projects, as well as for the residential sector and housing builds. “It’s massively across the whole infrastructure sector,” he said. “If you look at the forecast spend of collective governments and the number of experienced engineers, architects, designers, it’s going in two different directions. It’s going to take longer and longer and cost more and more.”
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