Speaking with businesses around the country, I know one of the challenges they continue to face, in spite of a buoyant economy and positive outlook, is the absence of skilled labour where they need it most. The increased investment in traineeships and apprenticeships announced in the 2021-22 Budget is good news to help more businesses find the labour they need.
Another welcome inclusion in the budget is the measures for women and their economic participation. We can draw some connections from these provisions to increased female participation in the workforce and the benefits this can have for businesses.
Finally, the ongoing support and investment in data and digital is a great help for Australian businesses. We know the businesses that went into COVID stronger in these areas were able to capture more opportunities and have come through the pandemic sturdier because of that foundation.
Continuing to provide businesses with access to training and resources to enable their businesses in the digital economy is a really positive move going forward.
Jenefer Stewart is General Manager Business Banking at ANZ