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Navigating Talent Shortages in Australia's Booming Infrastructure Sector

Posted on August 2023 By LVI Associates

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Australia is experiencing an unprecedented infrastructure boom, driven by substantial investments in the country's development. Over the next five years, Australia is set to receive an astonishingUSD 218 billion in infrastructure investment. The government's commitment to the AUD 120 billionInfrastructure Investment Program, which has grown exponentially over the past decade, underscores its dedication to fostering infrastructure development.

The future of transport infrastructure in Australia also holds promising opportunities for professionals in the sector, with a steady stream of projects and career growth potential. However, as the industry flourishes, it faces a critical challenge: talent shortages in infrastructure that threaten to impede progress.

Civil Engineers, Land Surveyors, and Structural Engineers are in Demand

The signs of talent shortages in the infrastructure sector are increasingly evident, with demand reaching unprecedented levels. According to the Infrastructure Australia'Infrastructure Workforce Skills Supply' report, the country is projected to face a shortage of 105,000 unfilled roles this year, translating to a staggering 48% shortage in demand. This scarcity of talent puts around 34 out of 50 occupations within the industry at risk of significant shortfalls, further exacerbating the challenges faced by businesses seeking skilled workers.

Among thein-demand occupationsare Civil Engineers, Land Surveyors, and Structural Engineers, whose expertise is highly sought after. However, as the transport construction market in Australia continues to thrive, the demand for specialized roles like Procurement and Project Management is also on the rise. The landscape of the industry is rapidly evolving, necessitating professionals to possess diverse skill sets and adaptability to meet the dynamic requirements of the sector.

Australia is experiencing an unprecedented infrastructure boom, driven by substantial investments in the country's development. Over the next five years, Australia is set to receive an astonishing USD 218 billion in infrastructure investment. The government's commitment to the AUD 120 billion Infrastructure Investment Program, which has grown exponentially over the past decade, underscores its dedication to fostering infrastructure development.

The future of transport infrastructure in Australia also holds promising opportunities for professionals in the sector, with a steady stream of projects and career growth potential. However, as the industry flourishes, it faces a critical challenge: talent shortages in infrastructure that threaten to impede progress.

Civil Engineers, Land Surveyors, and Structural Engineers are in Demand

The signs of talent shortages in the infrastructure sector are increasingly evident, with demand reaching unprecedented levels. According to the Infrastructure Australia 'Infrastructure Workforce Skills Supply' report, the country is projected to face a shortage of 105,000 unfilled roles this year, translating to a staggering 48% shortage in demand. This scarcity of talent puts around 34 out of 50 occupations within the industry at risk of significant shortfalls, further exacerbating the challenges faced by businesses seeking skilled workers.

Among the in-demand occupations are Civil Engineers, Land Surveyors, and Structural Engineers, whose expertise is highly sought after. However, as the transport construction market in Australia continues to thrive, the demand for specialized roles like Procurement and Project Management is also on the rise. The landscape of the industry is rapidly evolving, necessitating professionals to possess diverse skill sets and adaptability to meet the dynamic requirements of the sector.

Retaining Talent

In this candidate-driven market, retaining experienced professionals with a wide range of specialist, technical, and soft skills is crucial. Companies are now offering increasingly competitive compensation packages to attract the best talent. To navigate this exciting landscape of opportunities, leverage the insights provided by the LVI Associates Salary Guides. These reports offer valuable compensation insights across the Civil, Renewable Energy, and Environmental sectors in Australia. Armed with real-time data on salary increments and industry standards, professionals can confidently negotiate salaries and benefits, ensuring they receive the compensation they deserve.

Your Energy & Infrastructure Specialist Talent Partner

Whether you are looking to expand your infrastructure team with top-tier talent or seeking to explore new avenues in Australia's energy & infrastructure sector, let the team at LVI Associates assist you. With extensive experience in connecting clients with exceptional professionals, we possess a deep understanding of your organization's unique needs and the constantly evolving demands of the industry.

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