23 March A $450 billion pipeline with record low numbers of skilled workers March 23, 2022By ICI Administrator Aspire, General 0 Recent data released from the Australian Bureau of Statistics showed that unemployment has reached record lows of 4% in February 2022. This is the lowest unemployment rate in 14 years, with economists predicting a continuing reduction as the year progresses. Combine this with the forecast $450 billion investment in civil infrastructure over the next four years, and it becomes evident that skilled labour, HR and staff management are critical factors in ensuring infrastructure projects are delivered on time. What’s the solution? It’s increasingly apparent that contractors who invest in teams, who develop learning pathways and provide their staff with the skills needed to be successful will experience a significant commercial advantage. Both the current economic climate and forecast staffing/skills shortages have combined to create an atmosphere in which developing and retaining staff are crucial to business success. Staff Development programs such as the ones supplied by the Institute of Civil Infrastructure (ICI), are designed to help employers manage these challenges. By upskilling existing staff – and positioning themselves as an Employer of Choice – firms that invest in staff will have a competitive edge as competition for staff intensifies across all industries but in particular civil construction. Designed specifically for the civil industry, ICI’s courses are suitable for the junior leader through to senior management – with a range of streams including Business, People Management and Technical. To learn more go to iciaustralia.com or follow ICI Australia on LinkedIn to stay up to date with the latest news in training for the Civil Construction industry. Lee Gabbett, General Manager – ICI Australia Related Posts 8 Tips To Start 2021 With The Right Intent 2020 is a year that we will never forget. It has challenged us to grow, evolve and become more resilient. As we arrive on a well-deserved Christmas and New Year’s holiday, it is an opportune time to reflect and prepare to launch into 2021 feeling fresh, recharged, and with the passion to lead with purpose. $450 billion in civil projects up for grabs, but the workforce must almost double to fill the skills shortage As the recent data from Infrastructure Partnerships Australia (IPA) and Deloitte into Australia’s public infrastructure pipeline highlights, civil contractors continue to face major skills shortages and capacity issues in meeting the record demand for infrastructure projects. How you get along with your manager can shape your health, happiness, and productivity Every business wants to do well, both in society and in its bottom line. And one of the most important factors is the boss factor. The boss factor is the fact that bosses have an enormous influence on workers’ well-being through their relationships. How To Replenish Post Withdrawal From Super For many working Australians effected by the economic fallout of COVID-19, the government’s early release of super scheme has been a lifesaver, with the money accessed from retirement savings helping provide additional support at a time of financial uncertainty. How do you replenish? My top 5 ways to rebuild your superannuation balance without breaking the bank. Advice for parents with adult kids at home: helping your little ducklings to fly The latest Housing Income and Labour Dynamics (HILDA) survey paints a stark picture of the affordability for young adults to move out of the family home. It found that over 50 percent of young Australians aged 18 to 29 still live with their parents, with the numbers climbing faster for women. The Institute of Civil Infrastructure begins partnership with Western Australia The Institute has continued to grow across the country with an exciting new partnership with the Civil Contractors Federation Western Australia. As the peak body for civil construction in WA, the opportunity for ICI to partner with CCF WA is a great way to support the men and women of the industry in their professional development. Comment (0) Comments are closed.