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."
"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.
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.
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.
With the reduction in shift work hours, a growing trend of poly-employment is emerging among shift workers. Many are taking on multiple jobs across different industries to make up for reduced hours and inadequate earnings.
AI automates repetitive tasks, enhances the candidate experience, and provides valuable insights into the hiring process. By leveraging machine learning algorithms and natural language processing, AI can analyze resumes, conduct initial interviews, and predict a candidate's likelihood of success.
The decrease in job advertisements mirrors the broader economic challenges Australia is facing. High interest rates, aimed at curbing inflation, have slowed economic activity, including hiring.