The workforce landscape in Australia is rapidly evolving.
Despite increases in skilled migration and a slowdown in hiring, unemployment remains at historical lows and a skills recession looms.
The uncertain economic outlook (fuelled by geopolitical tensions and persistent inflationary pressures) has meant employers are less willing to reach into their hip pocket to bring in (and keep) the right people.
Developments around gender pay gap reporting and wage theft are encouraging employers to review their current practices and strategies (including their payroll systems and processes).
We explore three of these workforce challenges that companies are facing, as well as questions and strategies that employers can be thinking about as we look ahead to 2024.
