A shrinking talent pool
To say that Australia’s retail industry has benefited greatly from the 457 visa program is understated. Retailers here have long relied on the exposure and expertise of talent from abroad. So when the option to draw on international talent pools is taken away without warning, it is unsurprising that the government decision has left business leaders wondering ‘What on earth do we do now?’ and ‘Where will I find my talent?’
While it appears the changes are not yet set in stone, the nationalistic rhetoric and ‘closed borders’ sentiment have been met with much criticism, particularly when market conditions are already tough, Amazon’s arrival is imminent and local retailer operations are still trailing behind major international markets.
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