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?

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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)