Employers are facing the stiffest competition for workers in almost half a century as the balance of power shifts to workers and drives up salaries.
“Certainly with the extreme imbalance between labour demand and supply, most of our clients are talking about how they will grow salaries to better attract staff,” Banks said.
The five major consulting firms — Accenture, Deloitte, EY, KPMG and PwC — have more than 3900 active job ads on business networking site LinkedIn. “Fixing these shortages is vital to creating and keeping good, high-paying, secure jobs in Australia over the medium and long term.” “We are also putting more focus on looking inwards for talent and focusing on developing the skills we need as part of our workforce planning efforts. The great resignation is also impacting skills shortages.”
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