No sector is immune from staffing challenges, and it’s only going to get tougher from here, says UBS’ Richard Schellbach.
Staff shortages are becoming increasingly problematic for Australia’s listed companies, research from UBS has concluded ahead of Labor’s Jobs and Skills Summit.
“They’ve got strong end demand, they’ve got orders, and they’ve got the capacity to pay for labour, but they just can’t fill positions.”Food production, retail, transport and education sectors were most prominent in citing their inability to meet strong end demand and orders due to job vacancies, Mr Schellbach said, but technology and financial services are also impacted.
“What this results season and the commentary over the last few weeks illustrates is how broad-based and painful this labour shortage issue has become for corporate Australia,” the strategist said.
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