Economy needs to win battle for young, skilled migrants

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Professional recruiter Andrew Hanson said it is becoming increasingly difficult to attract young, skilled migrants due to an ever-intensifying global battle for talent.

Migrants on average contribute $127,000 more to federal and state budgets than the general population does their lifetimes, and generally have better employment outcomes,Skilled migrants on average make a lifetime contribution of $198,000 to the nation’s finances, compared with an $85,000 cost for the general population; primary employer-sponsored visa holders contribute as much as $557,000.

Mr Hanson, who is head of Robert Walters NSW, said these cohorts were becoming more choosy as they consider relocation – weighing up earning potential, career progression and lifestyle in reaching their decisions. That includes ramping up permanent migration visa pathways and removing barriers that hold back skilled migrants.caused by COVID-19, fewer migrants and lower fertility was “a huge challenge” ahead.“One of the most important things we can do and that we are doing is to build the kind of workforce that can support a population which is getting bigger but also getting a bit older as well,” Dr Chalmers said.

With the Albanese government currently undertaking a major review of the migration system, deputy Liberal leader Sussan Ley said any changes needed to make skilled migration “target and sustainable”.

Source: Financial Digest (financialdigest.net)

 

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Skilled migrants aren't any better than skilled citizens. Let's try skilling our own population before wasting efforts on attracting cheaper labour that benefits individual business rather than Australia's national economy.

The reason y we have a problem thats the cause of a gutless gov. letting dole bludgers bludge.🇦🇺 Monachist Republican party boof 2023 make Australia great again. truth honesty disiplin. Australia must make millitary service compulsory to give them sum pride in there country.

What a shame Australian business groups can't support equitable taxation to invest in education.

Impossible, given Aus policy for 3 decades has been dedicated to growing house prices etc. the demographics cliff coming will result in major brain drain, Aus needs radical change in coming years.

Can the AFR find another topic or at least present an alternative view on the topic? Day in day out we just get more pro-mass immigration propaganda from the AFR telling us why the sky is going to fall in if businesses don't get massive amounts of cheap overseas labour quickly.

Has anyone else noticed how we’re in the middle of a pro-migration PR blitz? 👇🏻 Thread 🧵

Australian media is addicted to quick fix immigration and lacks an analytical mindset. Much of the aging is the result of previous immigration waves. It's a vicious cycle andrewjgiles

The system is too biased to embrace multiculture for its labour force.

No young skilled, only welfare burdens

Or, you know, Australian businesses can invest in their talent.

Baby bonus delivered replacement birth rates in '08 & then the immigration floodgates opened & birth rates started falling, the median age started rising. The only answer to an ageing population is raising birth rates, an impossibility with high immigration

Why not recruit action locally as there is 5.4% unemployment & further more those who might need support equal to or even less expensive as sponsorship to come do jobs that could be done by Australian citizens with companies willing to hire? DPQ⭐

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Economy needs to win battle for young, skilled migrantsProfessional recruiter Andrew Hanson said it is becoming increasingly difficult to attract young, skilled migrants due to an ever-intensifying global battle for talent. Grattan claims we have a 'declining number of working age Australians'. Patently false. We have a growing number of working Australians both in aggregate number and percentage (i.e. the workforce participation rate is at a record level 'despite' our wonderful ageing!). or we could train Australians? But of course this might mean that business and industry need to invest more and build relationships with universities. simple eh? auspol training Immigration system should be specified and processing time should be decreased. If visas are on limbo for more than 2 years, it is unfair for people to just wait n watch. They will definitely look for another option!
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