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 …

16

Sep 2021

Worklife balance after Covid – the shorter working week back on the agenda for Australian accounting firms.

By: Odyssey General, Outsourcing
Tags: COVID19, Worklife Balance

One of the longer term Coronavirus affects is likely to be a rethink of the previous office benefits that have likely languished over the past year or two: free yoga, lunchtime breakout rooms for mediation, onsite chefs, fusball tables, bean bags. Likely many accounting firms have seen any benefits fall by the way side as less important as employees are …

09

Sep 2021

Australian domestic accountants relocating to remote areas may face pay cuts of up to 25%

By: Odyssey General, Outsourcing
Tags: COVID19, work from home

More recently we’ve seen Australian businesses grappling with vaccination requirements and whether mandatory vaccinations can or should be implemented in the workplace. And it seems there is no ‘one size fits all” solution to the issue, with working conditions ranging from manufacturing operations with large workforces operating in static factory like conditions, Trade service people (like removalists) moving through the …

26

Aug 2021

Smaller Australian accounting firms taking advantage of ad-hoc offshore resources from quality outsourcing providers

By: Odyssey General, Outsourcing
Tags: COVID19

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, …

19

Aug 2021

Australian compliance salaries rising by over 20% due to shortages of skilled accountants

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

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 …

12

Aug 2021

Is keeping Australian compliance jobs in Australia the way forward?

By: Odyssey General, Outsourcing

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. …

05

Aug 2021

Border closure equals higher labour costs. What you need to do now.

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

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 …

29

Jul 2021

Regionalisation and remote work has encouraged younger accounting staff to move out of cities: is your accounting firm ready?

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

The ABC recently reported the shortage of service staff in some regional areas, with concerns about employee price rises in times of scarcity in these regional areas.  The current employment market has been de-stabilised by Australian border controls preventing the free movement of international workers on temporary assignments, along with State border controls reducing the free flow of workers across …