Sunday, October 21, 2007
Australia's Boom and skill shortage
Labor Shortage Pushes Mining Companies to Recruit and Pay More
October 2007
Western Australia needs 40,000 skilled labors to maintain its resource boom
October 2007
Labor shortage hits labs in Western Australia
12th October 2007
Labor shortages hit WA shipbuilding industry
22nd September, 2007
NSW caught in worldwide nurse shortage: Minister
14th Oct 2007
The amazing streak of economic growth in Australia continues for another year. In its more than 15 years of continuous growth, the Australian economy is experiencing an unprecedented squeeze on its small labor force.
Meanwhile, Australia’s success in forcing its work force to save for their retirement has created a huge superannuation fund totaling over AUD 1 billion. Some of these funds are invested in high-growth assets and the boom in the Australia’s equity market has created tremendous wealth for the funds, prompting an earlier-than-planned exit from the workforce of the better-off baby boomers.
The low fertility rate of 1.8 children per woman is way below the replacement rate of 2.1 children per woman.
These two factors have the potential of slowing down of stopping the country’s economy growth as unemployment rate reaches record level, e.g. 2.7% in Western Australia.
In response, the federal government is investigating all options including increasing the number of 457 visas and intake of skilled migrant from English speaking countries in particular.
However, emigrating to a foreign country even one that shares a common heritage of the Commonwealth can often result in a nightmare for some professionals.
I am personally aware of failed emigrants among successful professionals from India and South East Asian countries.
Is there a magic formula that can help alleviate the pain or increase the success rate?
While it is a case of horses for courses, I’d be very interested in your success recipe so that it can be shared with potential migrants.
October 2007
Western Australia needs 40,000 skilled labors to maintain its resource boom
October 2007
Labor shortage hits labs in Western Australia
12th October 2007
Labor shortages hit WA shipbuilding industry
22nd September, 2007
NSW caught in worldwide nurse shortage: Minister
14th Oct 2007
The amazing streak of economic growth in Australia continues for another year. In its more than 15 years of continuous growth, the Australian economy is experiencing an unprecedented squeeze on its small labor force.
Meanwhile, Australia’s success in forcing its work force to save for their retirement has created a huge superannuation fund totaling over AUD 1 billion. Some of these funds are invested in high-growth assets and the boom in the Australia’s equity market has created tremendous wealth for the funds, prompting an earlier-than-planned exit from the workforce of the better-off baby boomers.
The low fertility rate of 1.8 children per woman is way below the replacement rate of 2.1 children per woman.
These two factors have the potential of slowing down of stopping the country’s economy growth as unemployment rate reaches record level, e.g. 2.7% in Western Australia.
In response, the federal government is investigating all options including increasing the number of 457 visas and intake of skilled migrant from English speaking countries in particular.
However, emigrating to a foreign country even one that shares a common heritage of the Commonwealth can often result in a nightmare for some professionals.
I am personally aware of failed emigrants among successful professionals from India and South East Asian countries.
Is there a magic formula that can help alleviate the pain or increase the success rate?
While it is a case of horses for courses, I’d be very interested in your success recipe so that it can be shared with potential migrants.
Labels: Cultural adaptation, Migrant Success, Migrating to Australia
# posted by ChineseReturnee @ 1:08 AM 
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