Australia's largest employers congratulate Labor leader Anthony Albanese on his election as Australia's 31st Prime Minister, Business Council chief executive Jennifer Westacott said.
"Business congratulates Labor on it's victory and looks forward to continuing to work together to meet the big challenges ahead. We welcome the Prime Minister's commitment throughout the campaign to working alongside businesses to deliver a private sector led recovery that creates new jobs, better opportunities and higher wages.
"Our economy is poised for a world leading recovery, so the new government is rightly ambitious for Australians and their potential.
"Achieving this will require cooperation between business, government and workers, and it must start by managing the crippling labour shortages and investment drought that risk holding us back.
"Businesses are ready to work with government to ensure Australians have access to the skills they need to get secure work and access to jobs in new and emerging higher paying industries.
"This is also a chance to seize the opportunity and end the deadlock on workplace relations, restore the Hawke-Keating enterprise bargaining system to lift productivity and let Australians earn more.
"This election also makes clear that Australians know that decarbonising the economy is at the heart of a stronger future, so we must embrace and develop cleaner energy sources to produce the new, clean products the world demands.
"In looking to the future we also thank outgoing Prime Minister Scott Morrison and his team for their service to Australia through one of the most difficult periods in our modern history.
"In particular we pay tribute to outgoing Treasurer, Josh Frydenberg, whose consultative and steadfast leadership throughout the pandemic helped saved hundreds of thousands of jobs and set Australia up for a stronger future.
"Australians have now made their decision, it is up to business, unions, political leaders and the community to work together to secure Australia's economic future."
