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New Zealand's seismic requirements, due to its location on the Pacific Ring of Fire, have led IKEA to implement extra health and safety measures to ensure the store is earthquake-resistant.
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With skilled labour demand expected to rise by 51% to over 432,000 unfilled roles by 2028, leveraging disabled workforce could help address critical shortages, especially in construction, infrastructure, and maintenance.
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The survey found that 70% of Australian executives believe better talent acquisition strategies could boost their organizations' profitability, highlighting a missed opportunity for improved financial performance.
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Jacqui Marker, Amazon Australia’s HR Director, highlighted that "Comprehensive on-the-job training will be provided, with no prior experience or formal qualifications needed."
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"With one in five Australians living with a disability, businesses that overlook this group are missing out on a valuable, untapped talent pool," highlighted the COO of Sporting Wheelies.
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Deloitte anticipates an increase in the unemployment rate, which is projected to rise to 4.5% by the end of 2024-25. This would equate to an additional 101,500 individuals entering the ranks of the unemployed.
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The cost of a bad hire can be staggering. Society for Human Resource Management (SHRM) estimates that the total cost of a bad hire is typically about 40% of the individual's salary. For instance, if an employee earns $50,000 annually, the cost of their bad hire amounts to approximately $20,000, excluding other indirect costs.
