Unemployment hits record low, but less people looking for work
While the unemployment figure dropped to 3.9 per cent, only 4,000 new jobs were created and 7,000 people gave up...READ MORE
The big four accounting and advisory firms may have to refocus their efforts on training local staff as the abolition of the 457 visa system curtails their ability to import staff from their overseas operations, especially for specialised consulting roles.
The firms also could be hit with an extra $1 million a year in costs as part of the government's proposed new levy on employers that use visa workers, as revealed in last week's budget.
Read the full article on the Australian Financial Review.