NAB’s Wellbeing Index rebounded solidly in the June quarter, after falling to its lowest point in the history of the survey. Pressures remain. But the effort required has eased.
Report
July 20, 2022
NAB SME Business Insights: Labour shortages Q2 2022
How big an issue are they for SMEs, what are their expectations & how does business think they can be resolved?
Overview
- Signs of a modest improvement in labour shortages among SMEs but still problematic for many businesses, with tight conditions likely to persist in the near term.
- In Q2, around 35% of SMEs said labour shortages had a “very” significant impact on their business in Q2 (37% in Q1), with the number expecting the impact to still be “very” significant in the next 12 months down slightly to 34% (37% in Q1).
- Big falls in shortages in Tourism & Hospitality as borders re-open.
- Increased migrant intake increasingly seen as a solution.
For more information, please see the full report Labour Shortages – The Perspective from Australian SMEs (Q2 2022)
