News

By Monina Claustro 10 Dec, 2023
The realm of accounting in Australia stands as a dynamic and evolving field, illuminated by intriguing statistics that shed light on its current landscape and future prospects.
By Monina Claustro 29 Nov, 2023
The year 2023 saw an unprecedented wave of layoffs, affecting a staggering 239,603 employees across 1,043 technology companies. This tumultuous phase was triggered by the aftermath of the COVID-19 pandemic, prompting technology firms to recalibrate amidst business slowdowns. The adjustment came in response to investor pressure to rectify previous periods of exuberant hiring, resulting in a substantial reduction in labor costs.
By Shazamme System User 10 Oct, 2023
In today's competitive job market, attracting top-tier talent to your organization is akin to a high-stakes chase. The best candidates are in demand, and companies must employ strategic approaches to stand out. Here, we'll explore six key strategies to not only attract the best talent but also retain them in the long run. 1. Opportunities for Growth Top talents are often driven by a desire to learn, grow, and advance in their careers. Offering clear paths for professional development and advancement within your organization is a powerful way to lure them in. Highlight your commitment to ongoing training, mentorship programs, and opportunities for career progression in your job postings and during interviews. 2. Streamline the Interview Process A lengthy, convoluted interview process can deter top candidates who may have multiple offers on the table. Streamline your hiring process to ensure it's efficient and respectful of candidates' time. This not only improves their experience but also showcases your organization as organized and considerate. 3. Build a Strong Employer Brand Your employer brand is your organization's reputation in the job market. A positive image can significantly enhance your ability to attract the best talent. Cultivate a strong online presence, share employee success stories, and emphasize your company culture and values. Engaging with current employees to be brand ambassadors can also bolster your reputation as an employer of choice. 4. Offer Competitive Compensation While compensation isn't the sole factor in a candidate's decision, it plays a significant role. Research industry standards and ensure your compensation packages are competitive. Highlight these offerings clearly in your job descriptions to pique the interest of top candidates. 5. Be a Great Place to Work Creating a positive work environment is crucial for attracting and retaining talent. Foster a culture of inclusivity, support, and recognition. Encourage a healthy work-life balance, and provide benefits that enhance employees' well-being. A satisfied workforce becomes a compelling advertisement for your organization. 6. Craft Compelling Job Descriptions Your job descriptions serve as the first point of contact with potential candidates. Craft them carefully to highlight the unique aspects of your organization. Clearly outline responsibilities, expectations, and the opportunities for growth within the role. Use inclusive language, and avoid jargon that might alienate potential candidates. In conclusion, attracting the best talent to your organization requires a multifaceted approach. Highlighting opportunities for growth, streamlining the interview process, building a strong employer brand, offering competitive compensation, creating a great place to work, and crafting compelling job descriptions are key strategies to succeed in this talent chase. By focusing on these areas, your organization can not only attract top talent but also retain and nurture them for long-term success.
By Shazamme System User 10 Oct, 2023
Australia's tech start-up ecosystem has been on an impressive trajectory over the past few years. The Land Down Under, known for its stunning landscapes and wildlife, is also making a name for itself in the global technology arena. In this blog post, we'll delve into the latest updates and trends in the Australian tech start-up market, highlighting its resilience, growth, and potential in a post-pandemic world. Pandemic Resilience The COVID-19 pandemic presented unprecedented challenges for businesses worldwide. However, Australia's tech start-ups demonstrated remarkable resilience during this period. As businesses rapidly shifted to remote work, e-commerce, and digital communication, Australian tech companies played a crucial role in supporting this transition. Notably, health tech start-ups in Australia experienced a surge in demand, with companies focusing on telemedicine, health monitoring devices, and vaccine distribution solutions. Additionally, the EdTech sector witnessed a significant boost as remote learning became the new norm. Government Support The Australian government recognized the importance of the tech sector in driving economic growth and innovation. Various initiatives and support programs were introduced to nurture and bolster the start-up ecosystem. Some notable programs include: The Research and Development (R&D) Tax Incentive: Offering tax offsets for eligible R&D activities, encouraging innovation across industries. The Entrepreneurs' Program: Providing funding, mentoring, and networking opportunities to help start-ups scale. The Export Market Development Grants (EMDG) scheme: Assisting businesses in expanding their international presence. These initiatives, along with others, have helped create a conducive environment for tech start-ups to thrive. Fintech Dominance Fintech remains a dominant force in the Australian start-up landscape. The nation's financial technology companies have continued to grow, with innovations in payment solutions, digital banking, and blockchain technology. The adoption of open banking regulations has also paved the way for increased competition and innovation in the financial sector. Notable fintech companies like Afterpay and Zip Co have gained global recognition, showcasing Australia's capacity to produce world-class tech innovations. AgTech and Sustainability Australia's agricultural technology sector, often referred to as AgTech, has been gaining momentum. Given the country's vast agricultural landscape and the global demand for sustainable farming practices, Australian AgTech start-ups have been developing cutting-edge solutions. These include precision agriculture technologies, data analytics for farm management, and sustainable food production methods. Investment and Funding Australia's tech start-up ecosystem has witnessed a steady influx of investment from both domestic and international sources. Venture capital firms, angel investors, and government-backed funds have been actively supporting promising start-ups. While Sydney and Melbourne continue to be the primary hubs for tech innovation, other cities like Brisbane, Adelaide, and Perth are also making significant strides in building vibrant tech ecosystems. The Australian tech start-up market has displayed remarkable resilience and growth in the face of global challenges. With strong government support, a focus on innovation, and thriving sectors like fintech and AgTech, the future looks promising for Australian start-ups. As the world gradually recovers from the pandemic, the Australian tech ecosystem is well-positioned to contribute to global innovation and economic growth, making it an exciting space to watch in the coming years.
10 Oct, 2023
In the midst of challenging times, the tech industry in Australia is showing resilience and promise. The Tech Council of Australia's latest report has unveiled an inspiring trend: tech jobs are on the rise, even in the face of recent layoffs within the sector. This revelation paints a hopeful picture for both tech professionals and businesses looking to hire. A Glimpse into the Numbers The report delivers an impressive statistic - 78% of the 1.2 million tech job target for 2030 has already been achieved. This means that, despite setbacks and uncertainties, the tech industry in Australia is firmly on track to surpass its goals. This speaks volumes about the enduring strength of the tech sector. For every tech job that has been lost, an astonishing 20 new positions have emerged. This statistic underscores the growing significance of tech skills across diverse sectors of Australian businesses. The demand for tech expertise is soaring, as organizations recognize the pivotal role technology plays in the modern world. Embracing the Future This news is a call to action for both tech professionals and businesses in Australia. It's an invitation to embrace the future of the tech sector, knowing that opportunities are abundant. As the digital landscape continues to evolve, the need for tech talent will only intensify. This presents a golden opportunity for job seekers and companies alike to thrive in this dynamic environment. Unlocking Mutual Success The path forward is clear: we must work together to unlock the full potential of Australia's tech sector. For candidates seeking new horizons and businesses seeking to expand their tech teams, the road ahead is promising. There's a world of possibilities waiting to be explored, and the Tech Council of Australia is committed to facilitating connections between candidates and businesses for mutual success. In Conclusion Despite the challenges faced by the tech industry in recent times, Australia's tech jobs are on the rise, signaling a bright future ahead. The impressive numbers in the Tech Council of Australia's report are a testament to the resilience and importance of the tech sector in our evolving world. Let's seize these opportunities, embrace the future, and together, pave the way for a thriving tech ecosystem in Australia.
By Shazamme System User 10 Oct, 2023
Navigating the shifting terrain of the job market, a career as a contractor is emerging as an increasingly attractive option. This blog will delve into the world of contracting, shedding light on what it means to be a contractor, the soaring demand for their services, key industries seeking contractors in Australia, the myriad benefits of this career choice, and the qualities that distinguish star contractors. What is a Contractor? A contractor, also known as a freelancer or independent worker, is an individual who provides their services to businesses or clients on a project-specific basis. Unlike traditional employees, contractors work for themselves and have the liberty to select the projects they take on. Why Are Contractors in High Demand? Contractors are witnessing surging demand for several compelling reasons: Flexibility: Companies can engage contractors to fulfill particular project needs without committing to long-term employment. Specialized Skills: Contractors often possess niche skills and expertise vital for specific projects. Cost-Efficiency: Employers can reduce overhead costs, including benefits and office space, when hiring contractors. Scalability: Businesses can effortlessly adjust their workforce in response to fluctuating project requirements. Top Industries Looking for Contractors in Australia Contractors are sought after in various industries across Australia: Information Technology (IT): Tech contractors play a pivotal role in software development, cybersecurity, and data analytics projects. Creative and Marketing: Graphic designers, content creators, and marketing specialists frequently operate on a contract basis. Construction: Construction and infrastructure projects rely on contract labor, including architects, engineers, and skilled tradespeople. Consulting: Management consultants and industry experts are in high demand to provide specialized guidance. Benefits of Being a Contractor Opting for a career as a contractor brings forth numerous advantages: Flexibility: Contractors have control over their schedules, enabling them to choose projects aligned with their interests. Variety: Diverse projects expose contractors to a range of industries and experiences. Higher Earnings: Many contractors command competitive rates and can engage in multiple projects concurrently. Independence: Contractors enjoy greater autonomy in their work, making independent decisions. What Does it Take to Be a Star Contractor? To excel as a contractor, consider these valuable insights: Build a Strong Network: Cultivate professional relationships within your industry to access a steady flow of opportunities. Skill Development: Continually upgrade and diversify your skill set to remain competitive. Financial Management: Master effective financial management, including budgeting and tax considerations. Self-Discipline: Develop strong time management skills and meet project deadlines consistently. Effective Communication: Clear, timely communication with clients fosters trust and satisfaction. Embarking on a career as a contractor offers a world of possibilities. With the rising demand for independent workers, now is an opportune time to explore this path. Embrace the freedom, autonomy, and diverse opportunities that contracting offers, and with dedication and skill, you can truly shine as a star contractor in Australia's dynamic job market.
10 Oct, 2023
Reflecting on 2022, it was a fast-paced and exhilarating time in IT recruitment circles. Everyone wanted people. We’d emerged from the COVID torpor with a newfound appetite for investing in IT. It was a big winner out of the pandemic – businesses were so reliant on their IT systems during the wave of lockdowns, and post-lockdowns, everyone continued to largely WFH and transact online. The upshot in demand for quality IT people was stratospheric, with the demand resulting in stronger candidate expectations, wage demands, ability to work remotely, scope of role, quality of tech stack, and speed of decision-making. Come 2023, some upward pressure on interest rates, less economic certainty, and a few high-profile layoffs, it seemed like 2023 might prove a great deal calmer than 2022. Five months into 2023 though, it’s fair to say those initial ripples felt in the global IT market haven’t turned into a tidal wave locally. The brunt of layoffs in the Australian tech companies was primarily felt by research, design & talent acquisition teams. Very few IT people were let go. There were a few local businesses that did fold or have major restructures. In total though there were only a few hundred IT people that were let go. A number that was quickly soaked up by a local market that has been starved of talent for 18 months+. This is underlined by the unemployment rate: 3.7%. It appears the market has gotten less fluid. Candidates have also felt the shift in the economy as a whole; there’s less appetite to move than there was in 2022. So, What Does the Outlook Suggest? The recently released Tech Outlook from The Tech Council of Australia (the peak industry body for Australia’s tech sector) makes for interesting reading. Here are a few key findings: Rapid Growth: Over the last 27 years, growth in the number of IT jobs has been 4 times faster than the growth of non-IT jobs (in spite of the GFC and dot.com crash). Expanding Workforce: There are some 935,000 people working in the Tech Sector. That is expected to grow to 1.2 million by 2030. Software Engineers on the Rise: There are now more software engineers in Australia than plumbers, hairdressers, or baristas. National Tech Growth: Tech growth is national, not just in Sydney and Melbourne. However, there's a glaring challenge on the horizon: Australia needs 600,000 more people to join the tech sector by 2030. This is a significant shortfall considering that the current market comprises only 935,000 tech professionals. According to Universities Australia, Australia produces around 330,000 university graduates every year, and approximately 7% of them study IT, amounting to roughly 23,000 IT graduates per year, or around 160,000 over the rest of the decade. This still leaves us short of 600,000 IT candidates. Skilled migration needs to be part of the puzzle as well, but at a time when housing is in chronically short supply, that’s a significant challenge. There are also risks associated with cultural challenges that may pose difficulties. In conclusion, while 2022 was a booming year for IT recruitment, 2023 is showing signs of moderation. However, the long-term outlook for the IT recruitment market remains robust, with the tech sector poised for continued growth. To meet the increasing demand for IT talent, innovative strategies, including upskilling and attracting candidates from diverse sources, will be essential in the years to come.
10 Oct, 2023
In today's fast-paced and highly competitive business landscape, having strong product management capabilities is no longer a luxury but a necessity. Companies that want to unlock the full potential of their software investments are increasingly relying on top-notch product managers to lead the way. However, research shows that a significant number of product management functions are still falling short of expectations. So, what sets star product managers apart from the rest? Let's dive in and explore the key attributes that make them stand out. 1. Testing the Full Value Proposition: Star product managers understand the importance of validating hypotheses before diving into coding. This approach not only saves valuable resources but also ensures that the product aligns with the company's goals and customer needs. By thoroughly testing the full value proposition, they minimize the risk of building features or solutions that don't resonate with users. 2. Observing Customer Needs: While asking for feedback is essential, standout product managers go a step further by actively observing customer behavior. By watching how users interact with the product and identifying pain points or unmet needs, they gain deeper insights. This observational approach allows them to address real problems and deliver solutions that truly make a difference. 3. Going Beyond Product-Market Fit: Achieving product-market fit is a critical milestone, but star product managers don't stop there. They have a keen understanding of the broader business context and the long-term vision. They can articulate the business case for sustained success beyond the initial launch, ensuring that the product aligns with strategic objectives. 4. Shortening Time to Value: User onboarding is a pivotal moment in the customer journey, and standout product managers recognize its significance. They design seamless and intuitive onboarding experiences that help users quickly realize the value of the product. By reducing the time it takes for customers to see the benefits, they enhance user satisfaction and retention. 5. Focusing on Holistic Impact: While adoption metrics are important, they're just one piece of the puzzle. Star product managers take a holistic approach by considering the needs and expectations of all stakeholders, including customers, internal teams, and executives. They balance delivering value to each group, ensuring a well-rounded and sustainable impact. In a world where innovation and customer-centricity are paramount, standout product managers play a pivotal role in driving success. By embracing these attributes and continuously refining their skills, they position themselves as invaluable assets to their organizations.
10 Oct, 2023
As we bid farewell to the last quarter, it's time to look back at the incredible moments and insights we've shared during our recent events. From captivating talks and deep dives into design systems, and even a cybersecurity webinar, it's been an enriching journey. Let's recap the highlights!
10 Oct, 2023
In the realm of professional growth and success, networking is a tool that should never be underestimated. And when it comes to supercharging your networking efforts, few things rival the impact of attending meetups. These gatherings hold secrets that great networkers understand, helping them gain valuable insights, expand their networks, broaden their horizons, gain career insights, harness serendipity, and leave a lasting impression. Let's delve into these secrets one by one. 1. Gain Insider Knowledge Meetups are treasure troves of insider knowledge. Often, they feature industry experts or thought leaders who share their wisdom, experiences, and the latest trends. By attending, you tap into this wealth of information, gaining insights that can propel your career forward. 2. Expand Your Network Your network is your net worth. Meetups are fantastic places to connect with like-minded individuals, potential mentors, collaborators, or even future employers. These connections can open doors you might not have known existed. 3. Broaden Your Horizons Staying in your comfort zone can limit your personal and professional growth. Meetups expose you to diverse perspectives, industries, and ideas. You may discover opportunities and solutions in areas you hadn't considered before. 4. Gain Career Insights Listening to successful speakers and engaging in conversations with seasoned professionals at meetups can provide you with valuable career insights. You'll learn from others' experiences, successes, and even their mistakes. 5. Harness the Power of Serendipity Serendipity often plays a significant role in career advancement. You never know who you might meet or what conversations may lead to unexpected opportunities. By attending meetups, you increase your chances of serendipitous encounters. 6. Be Memorable Finally, making a lasting impression is essential in networking. Face-to-face interactions at meetups allow you to showcase your personality and authenticity. Remembering names, active listening, and meaningful conversations will make you memorable in a sea of connections. In conclusion, meetups are the secret weapon in the arsenal of great networkers. They offer access to insider knowledge, the chance to expand your network, the opportunity to broaden your horizons, and insights that can boost your career. Additionally, they allow you to harness the power of serendipity and be memorable in your interactions. So, the next time you're debating whether to attend that meetup, remember that it could be the key to unlocking your full networking potential.
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