Demand for tradespeople continues to rise in Australia
Did you know that the Australian economy has grown every quarter since September 2016? With the latest 0.4 per cent GDP increase in the January 2018 quarter, it's yet another sign that the country is heading in the right direction – the perfect time for businesses to address skill shortages.
Whenever economic conditions improve, tradespeople become more in demand. Electricians, plumbers, boilermakers – trades are at the heart of infrastructure developments that take Australia forward. So, what is the outlook for the rest of 2018?
Is your business experiencing skill shortages?
For almost as long as the national GDP has increased, we have seen growth in the Department of Jobs and Small Business' Internet Vacancy Index. In its latest edition, the number of skilled job vacancies nudged ahead by 0.6 per cent to 183,700 in February.
When broken down, these statistics reveal the extent of the demand for tradespeople. Technicians and trades workers made up more than 25,000 of the current vacancies, while labourers (11,800) and machinery operators and drivers (9,500) also contributed to the growth.
Commsec Senior Economist Ryan Felsman told Business Insider that the labour market is strengthening and this means employers may struggle to find the right talent.
"Candidate availability is declining in the most sought-after technology, construction, science and technology and trades sectors," he said. "Engineers are in big demand, various construction trades, as well as IT professionals."
"2018 is shaping up to be the best year for commercial builders for more than a decade."
"Best year in a decade" for construction sector
For employment, there is no sector that provides jobs like the commercial construction industry. Regardless of whether it's builders, plasterers, welders or site managers, when construction activity is high so is demand for talent. In fact, according to Master Builders Australia, we're about to see this sector make more leaps in 2018.
Total commercial construction is expected to contribute $42 billion to Australia over 2017-18, with the sector growing 8 per cent in the final quarter of 2017.
"2018 is shaping up to be the best year for commercial builders for more than a decade," CEO Denita Wawn said.
What does all this mean for employers?
With economic conditions prime for employment, your business might need a little assistance ensuring all vacancies attract the best talent. This is where Baytech can add value to your recruitment efforts.
Across the country, our networks can ensure you have the right people to fill your skill shortages. Whether this is in the construction sector, engineering industry or general trades, you can gain access to workers with the right skills and attitudes to take your business to the next level. This service is underpinned by tailored recruitment and workforce management to make finding the right tradespeople as easy as possible.
To learn more about the services we provide in the trades and industrial spaces, check out the Baytech site here.