25

Nov 2021

Australia “Great Resignation” Impacting Australian Accounting Firms

By: Odyssey General
Tags: labour shortage, Post-COVID

More recently we’ve been approached by a few accounting firms who have commented they’ve lost staff recently, and are unable to find suitable staff replacements. Some of these firms believe this is only temporary, which has shown Odyssey’s ad-hoc business model an appropriate model for these firms to deploy in the short term. While there is some online discussion as …

18

Nov 2021

Australian Accountants Downsizing Space in Their Offices

By: Odyssey General
Tags: Post-COVID

Walking along the street the other day I overheard a discussion, which revolved around a head office surrendering their space downtown, and the staff being offered flexible shared workspaces by a third party provider. As the discussion progressed, the head office employee mentioned there was still a shift change needed by the owners of commercial space, who were still pursuing …

11

Nov 2021

After COVID, Australia Will be Short of Accountants for…

By: Odyssey General, Outsourcing
Tags: labour shortage, Post-COVID

The AFR recently noted that NSW government advice to new Premier Dominic Perrottet notes Australia needs an ‘explosive’ surge of 2 million migrants over the next 5 years, which equates to 400,000 per year. Economic recovery and post-pandemic growth can only be achieved through an immigration program similar to Australia’s post-World War II approach would ensure Australia would benefit from …

04

Nov 2021

Travel Over the Next 12 Months for Australian Accountants

By: Odyssey General
Tags: Post-COVID

Travel, and overseas travel, is on many people’s list. Looking to the announcement that Australians may shortly be able to travel overseas again, we’re seeing more articles on travelling to many of our favourite destinations such as Bali. At the same time, many flights are already booked with Australians looking to head overseas for the Christmas 2021 break. Flights to …

28

Oct 2021

The 8 immediate issues Australian accountants need to resolve before June 2022

By: Odyssey General
Tags: Post-COVID

Over the next 6-12 months, there will be eight major impacts on the Australian economy, all of which will affect accounting companies and their clients in Australia. These are: The Covid-19 vaccine rollouts, which include the Australian state and federal governments response to the vaccination percentages and the opening of state and federal borders Added to the above vaccine rollouts, …

21

Oct 2021

Your local Accountant will soon be reopening his office

By: Odyssey General
Tags: Post-COVID

The Property Council of Australia released the results of their occupancy survey which highlighted the impact of extended lockdowns on Australia’s largest CBD’s. Sydney’s CBD occupancy was 4% of pre-covid levels, and Melbourne stood at 7%, an indication of the strict nature of the lockdown in these cities. Canberra recorded a decline from 73% to just 8% of pre-COVID levels. …

14

Oct 2021

Will mandatory vaccines for Australian accountants become the norm?

By: Odyssey General, Outsourcing
Tags: COVID-19, Post-COVID, Vaccines

In a recent AFR article, Deloitte has issued a mandate “forcing” Deloitte Australia’s employees and partners to be vaccinated in order to return to the office. It’s certainly a highly charged and contentious issue, with other overseas recent news indicating a New York healthcare provider fired 1,400 employees who refused to get vaccinated, and another article confirming teachers may be …

30

Sep 2021

Australian accounting firm owners: 5 key issues to consider when bringing staff back to the office

By: Odyssey General, Outsourcing
Tags: COVID19

While Australian is working towards vaccination rates that allow a re-opening of businesses, state and federal borders, there’s still many longer term changes that will need to be examined and considered. The best indicators we have of a post-covid future is to consider those countries that have reached acceptable vaccination rates (as determined by their authorities) and have re-opened partially/fully …

23

Sep 2021

Australian CEO’s looking offshore to resolve skills shortages

By: Odyssey General, Outsourcing
Tags: COVID19, labour shortage, Outsourcing

It was recently reporting that the CEO’s of Australia’s biggest companies are struggling to hire IT specialists, engineers and teachers because of locked borders and skills shortages. At the same time, the 260,000 shortfall in overseas students who have failed to arrive due to locked borders has led to falls in rentals for student accommodation of up to 25 percent …