Tag: Labour Price Index

Australian employees forced to compete for the shrinking pool of skilled workers will need to pay more to attract staff or turn to skilled migration using the Federal Government’s 457-visa program, according to KPMG’s Skilled Migration Survey 2010.

Wages only increased by 0.8 percent in the June quarter according to the latest data from the ABS, reducing pressure on the Reserve Bank of Australia to increase rates at its September board meeting.