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 …
Regionalisation and remote work has encouraged younger accounting staff to move out of cities: is your accounting firm ready?
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 …
The distributed ledger future: Recording transactions without an accountant
The impact of governments across the world pushing large amounts of currency into their economic markets has created a unique situation, of which the ramifications will not be known for many years to come. At the same time, countries are unique in terms of their approach to covid in terms of lockdown, vaccination approach and herd immunity. With these black …
Australia, the race to digital for Australian compliance accounting firm owners is now critical.
More recent news with Australia’s actions on Coronavirus notes the vaccination rates continue to be of concern, that Australia may turn into a hermit kingdom, and the powers in Authority have shown they are comfortable putting nearly half of Australia into lockdown. In the spate of recent lockdowns, there has also been recent news articles at the movement of Australians …
Wage Growth and How It’s Going To Affect SMEs
During this past week, the new South-East visa scheme was announced as part of the UK-Australia free trade agreement. The idea behind this agreement is to allow workers from South-East Asia countries to come to Australia to help out farmers with harvesting due to the shortfall of workers. Meanwhile, UK backpackers will no longer be required to carry out 88 …
Labour Shortage: COVID to impact labour for up to 5 years: Future and Solutions for Accounting Firm Owners
Advertising for jobs has been made more complex not only due to digitisation of the advertising landscape, but also due to mobility issues of employees due to border lockdowns (both state and federal). It’s been noted one in five Australian businesses are facing a labour resource issue. Labour shortage has been over the news lately with some industries experiencing an …
Blog double trouble for Australian accountants
CPA Australia recently released an article on Australia’s reduction in migration numbers, commenting the effects are likely to last for years to come. For Australian accounting firm owners, there are going to be 3 main impacts: Many Australian businesses are going to struggle with finding Australian based workers, with a likelihood of wages growth going to cut down margins in …
Australia lacks workers
In an interesting opinion article last week, businesses across Australia are battling labour shortages as the economy lifts out of the Covid slowdown. Many of the shortages are easily understandable with the lack of working tourists being unavailable with the cessation of international travel, along with restaurants closing a couple of days each week due to lack of staff partly …
Australian compliance: the flight to quality offshore
For the past decade Australian accountants have been hearing of digital transformation, automation, data scraping and a dozen other terms that were on one hand labour saving, and on the other hand job threatening. For some, it’s been about as interesting as watching paint dry. Even with Covid-19 forcing the shift to at-home work, the resulting innovation has not resulted …
Is WFH all it’s cracked up to be?
In 2020, Aussie startup Atlassian started allowing employees to work from home permanently, and Atlassian employees will no longer be required to return to the office when an easing of coronavirus restrictions allow them to do so. Fast forward to 2021, and Atlassian has recently announced staff only need to attend the office four times a year. It’s currently regarded …
