In Australia, the coronavirus pandemic virus variants coupled with vaccination lethargy and ongoing lockdowns is prompting a major rethink on the importance of outsourcing as Australian accounting firms look for new ways to be more competitive in an increasingly disrupted world. Many firms are struggling with assisting their clients through the raft of legislation changes and support by the government, …
Australian compliance salaries rising by over 20% due to shortages of skilled accountants
The AFR recently released the starting recruiting salary for a university graduate at $65-68k. What is interesting about this number is the prior week we’d been talking to a partner of a 3 partner firm down in Melbourne, who said there was a general problem with finding staff during these coronavirus times. That is, people are less likely to move …
Is keeping Australian compliance jobs in Australia the way forward?
This week we were chatting with an accounting firm owner who commented “I don’t offshore”. What’s interesting is this position normally involves one of three different issues: I’m concerned about the security I’m concerned about what my clients might think I prefer to keep jobs in Australia This week we’ll touch on the third issue, which seems the most complex. …
Border closure equals higher labour costs. What you need to do now.
Closed borders could be an ongoing issue and this is likely to drive up wages. At the same time, many companies are moving quickly to implement technology to reduce costs and reliance on high cost labour. The RBA recently indicated the border could remain closed for up to two years, which means changes to labour shortages won’t be changing for …