The jobs and skills shortage could take a decade to fully resolve, according to Australia's leading professional accounting organisation, CPA Australia. But this week's Summit has delivered quick wins which could deliver rapid relief for businesses crippled by employee shortages.
"The jobs and skills shortage was decades in the making and will take years to unwind," said CPA Australia CEO Andrew Hunter. "But the government now has momentum on its side and we are excited to see action on short-term wins.
"Our message to the government is don't let this momentum go to waste. Continue to deliver meaningful relief to businesses where possible and get to work on the longer-term challenge of future-proofing Australia's workforce.
"We want to see more concrete initiatives included in the October budget. Longer term, the White Paper will help us map our way out of this crisis.
"We can't navigate out of this problem overnight. But we shouldn't keep the handbrake on while we plan the second half of the journey. The Summit took us closer to a solution; now is the time for action."
CPA Australia is rating the Summit as a success, after participating in multiple roundtable meetings and consultations with government ahead of the two-day forum. Several of the organisation's key asks have been implemented, including a focus on improving visa processing timelines and lifting the permanent migration cap.
"We have been very encouraged by the shift towards consensus building and collaboration. The Summit focused some of Australia's leading experts on a topic of great economic importance."
Now that the Summit is done, CPA Australia is pleased steps towards increasing migration have been taken but says increasing the skilled migration cap alone isn't sufficient to solve the challenges.
"Australia is in a war for talent against many other countries who are also experiencing a skills shortage. We need to ensure we are as attractive as possible to new migrants.
"We are also asking for a focus on skilling up Australians into the future, including a rethink of how we attract young people to professions struggling with shortages.
"We look forward to continuing to work with and advise the government on solutions to the skills crisis." About CPA Australia CPA Australia is Australia's leading professional accounting body and one of the largest in the world. We have more than 170,000 members in over 100 countries and regions. Our core services include education, training, technical support and advocacy. CPA Australia provides thought leadership on local, national and international issues affecting the accounting profession and public interest. We engage with governments, regulators and industries to advocate policies that stimulate sustainable economic growth and have positive business and public outcomes.
