July 2nd, 2023 at 04:44 am
Australia Opens up Immigration to Seek In-Demand Skilled Workers – Accountants | Australia Work Visa 2023 Updates
Australia is in dire need of accountants! Did you know that Australia has a booming demand for accountants? The need for accounting and financial specialists is pressing the government to act quickly.
The most recent reports indicate that there is a shortage of accounting, auditing, and financial experts in Australia. Did you know that, during the next three years, Australia will require an additional 30,000 specialists in the subjects indicated earlier?
It’s interesting how many professional organizations, like CA ANZ and CPA Australia, emphasize the necessity to review the skilled migrant program to successfully satisfy the rising need for qualified accounting professionals. The gravity of the matter is further highlighted by the declining number of Australian graduates in comparison to the projected 338,362 accountant shortage by 2026.
It is safe to state that Australia’s current strategy, which is rife with ambiguity, will not benefit the country in any manner. The United States, on the other hand, appears to be adopting a strategy that is stable and unambiguous. It’s vital to emphasize that to address the issue of a skills shortage in the accounting industry, Australia must do away with skilled migration caps and place a greater emphasis on the quality of migrants.
By luring in more talented immigrants, these measures would assist Australia in efficiently addressing the persistent labor shortages.
Reason for this Action
Did you know that in the upcoming five years, it is predicted that roughly 22,000 accountants would retire? It would simply make the skills gap even more concerning. It’s important to notice that despite a 4.9% decline in August 2022, the number of open positions is still twice what it was before the epidemic. This demonstrates the continuing need for accountants in Australia.
Visit Newsnowgh.com for the most up-to-date information on changes to visa criteria, prospective paths to obtaining legal residency, and others.