The post-pandemic labour market will see more of us moving jobs in search of better conditions, a kinder work-life balance and higher wages. While this “reshuffle” will create challenges for employers, it also offers the opportunity to create a more sustainable, inclusive and equitable Australia.
Broadly speaking, “full employment” is when everyone who wants a job, has a job. In practise, though, that does not mean zero unemployment. There are always people voluntarily moving between jobs – called frictional unemployment – and there is always some structural unemployment – when there’s a mismatch between the jobs that are available and the people looking for work.
The federal government, the central bank and private sector forecasters all expect the unemployment rate to fall below 4 per cent this year. So we have a shot at exploring where full employment may lie. The US has also seen a sharp decline in the unemployment rate, but that has reflected both job creation and the so-called “Great Resignation”. Clearly, an unemployment rate that falls because participation in the workforce has fallen is not ideal.
This reshuffle is just one of the aspects making workforce management challenging for businesses. The prolonged closure of international borders is another. Retaining staff, attracting staff, finding the necessary skills and absorbing higher salaries and wages is not easy.
That's just your opinion
Yep - it’s the same thing - Genius
Pretty sure that you do have to first resign to take a different/better job.
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Source: FinancialReview - 🏆 2. / 90 Read more »