The return of overseas workers will allow business to sack low-performing staff, reduce labour hoarding and boost productivity, which will contribute to the jobless rate rising to just under 5 per cent, according to KPMG.
The big four firm rejected the idea of a “productivity crisis” in Australia and argued recent lacklustre company results could be explained by the workforce shake-up caused by the pandemic, which was now reversing.
Loading...
Ronald Mizen is the Financial Review’s political correspondent, reporting from the press gallery at Parliament House, Canberra. Connect with Ronald on Twitter. Email Ronald at ronald.mizen@afr.com