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Australia’s hiring boom sets the standard in APAC region amid talent crunch

Australia has emerged as a leading performer in the Asia Pacific (APAC) region in terms of the rate of hiring and the number of organisations hiring. 

Recent reports suggest that the country has seen strong growth in these areas, reflecting a rebound in business activity and job creation following the COVID-19 pandemic.

The State of Global Hiring Report has revealed that Australian businesses are increasingly looking to hire workers from the United States. The report indicates a significant increase of 107 per cent in the number of US-based workers hired by Australian companies in recent times. This trend is indicative of the growing globalisation of the workforce and highlights the efforts of Australian businesses to attract top talent from around the world.

The report also shows that software engineers and developers are among the most in-demand roles for international hiring by Australian businesses. This finding is consistent with the growing demand for technology and digital skills in the modern business landscape.

Furthermore, Australia has been leading the way in the APAC region when it comes to the rate of hiring and the number of organisations hiring. 

The Asia Pacific (APAC) region has witnessed the fastest global hiring rate among all regions, and the Philippines is currently considered the most attractive market to hire from in APAC.

In terms of the number of organisations hiring, Australia, Singapore, and India have emerged as the top three countries. These countries have seen a significant increase in the number of businesses actively seeking new talent.

Regarding the rate of hiring, Australia, Hong Kong, and India are the top three fastest-growing countries in the region. These countries have witnessed a surge in hiring intentions, reflecting a positive outlook for the job market.

The operations and customer support roles have seen the most significant salary gains across all roles, indicating a growing demand for professionals in these fields. This trend is likely a result of the increased focus on customer satisfaction and the need for businesses to provide excellent customer service.

Recent reports and surveys have consistently shown that Australia has recorded the strongest hiring intentions in the region, with a high number of new jobs being created.

The “Q2 2021 APAC Employment Monitor” by global recruitment firm Michael Page showed that Australia recorded the strongest hiring intentions in the region.

The report revealed that 84 per cent of Australian businesses planned to hire new staff in the next quarter, compared to the APAC average of 67 per cent. Additionally, the report found that Australia had the highest level of job creation across the region, with the number of new jobs created up by 36 per cent from the previous quarter.

Another survey by the recruitment firm Hays, titled “Hays Asia Salary Guide 2022,” also found that Australia led the APAC region in terms of hiring intentions. The survey found that 55 per cent of Australian employers were looking to increase their headcount in the coming year, compared to the APAC average of 45 per cent.

The country’s strong economic recovery, post-COVID-19, has helped boost business activity and consumer confidence, leading to a surge in hiring across various industries. The Australian government has also implemented measures to support businesses, including the JobMaker Hiring Credit scheme, which provides wage subsidies to businesses that hire young people.

“Many industries in Australia are beginning to explore a global HR strategy. From January to December 2022, Australia witnessed a 107 per cent increase in organisations’ hiring of workers based in the United States, which saw more workers hired globally than any other country. It’s possible that Australian organisations are turning to the US to employ some of the talent that has been laid off in that country over the past few months.

“Given that software engineers and developers are among the most in-demand roles for international hiring, the hunt for tech talent is clearly a major driver of global hiring among countries like Australia. More broadly, as the desire for flexible work options sets in and the challenge of securing talent locally continues, the new global hiring model is answering the needs of local businesses,” Shannon Karaka, Country Leader, Australia and New Zealand, Deel added.

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Yajush Gupta

Yajush Gupta

Yajush is a journalist at Dynamic Business. He previously worked with Reuters as a business correspondent and holds a postgrad degree in print journalism.

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