The shortage of certain skilled professionals in Australia could affect a significant amount of employers Down Under, according to a recent survey from recruitment firm Hays. The 2014 Hays Salary Guide shows these shortages could inhibit effective business operations for 58 per cent of employers.
For 41 per cent of these employers, the skills shortage is likely to have a minor impact. However, 17 per cent say it could have a more powerful influence on their organisation. As a result, 64 per cent of employers say they would be willing to hire or sponsor a candidate from overseas who is qualified in the skills they seek.
Overall, the areas where skills are in highest demand include the junior to mid-management level in operations, accountancy and finance. Employers are also looking for junior to mid-management talent in the technical, sales and marketing, IT and engineering departments of their business.
With employers competing to hire the best of the best in these areas, in-demand candidates are receiving multiple offers at at a time and even some counter offers. This has contributed to the increased turnover rate experienced by 25 per cent of employers in the Salary Guide.
"Employers are adding staff to their teams, but as recruitment activity increases that old threat of a skills shortage again looms," said Nick Deligiannis, managing director of Hays in Australia and New Zealand.
"It's quite a paradox; for some job functions there is still a surplus of candidates yet in others, often those that require highly-skilled and experienced professionals, there is a shortage of suitable talent."
What are employers doing to attract the right candidates?
Given the high level of skills shortages in many companies, it's not surprising that many employers are doing what they can to attract and retain the right candidates. For 37 per cent of employers surveyed, career path and development was identified as the most important factor in their recruitment efforts.
A further 42 per cent said the candidate's 'fitting' with the company's vision, culture and values was also important.
However, another incentive that candidates can appreciate is business health insurance. Supporting your employees' health and wellbeing can bring many benefits, for the candidate and the company as whole.
Good health is often one of the things we take for granted, but it's integral to work productivity as well as quality of life. You can compare corporate health insurance funds to find the best policy for your workforce's needs.