Tight employment market puts heat on small business

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Small business will be included in electricity bill relief measures announced in Tuesday’s federal budget, Treasurer Jim Chalmers confirmed.

Small business is set to be included in electricity bill relief measures announced in Tuesday’s federal budget, as new research shows Australia’s tight jobs market has kept up pressure on bosses to retain the best staff.

MYOB chief employee experience officer Helen Lea said the study showed small business owners were looking to keep their employee numbers steady, while one in five recognised they would need to increase staff pay.“We know many small businesses are having real trouble hiring for the jobs they need,” she told“Offering increased salary is one way to attract talent, though that could be a challenge for businesses facing decreased consumer spend and associated income.

“With more than 7.4 million employees, small business is the largest employer in the country and accounts for more than 99 per cent of Australian enterprises,” Ms Lea said.

 

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