News

Universities today are under more pressure than ever to collaborate with industry.

While Australia has a paradoxical jobs and skills shortage, with high levels of graduate unemployment, the key to a healthy labour market, according to the report, will be the creation of a workforce with skills that are in demand and businesses that offer flexible conditions.

ANZ has released a report, in partnership with The University of Queensland's Australian Institute for Business & Economics, predicting a significant skilled labour shortage across Australia by 2030, caused by services making up an even greater portion of the Australian economy and a shift in demographics.

"Beer and pizza. It sounds stupid but it works,” says Petra Andren, chief executive of ATP Innovations, a business incubator owned by four major Australian universities.

Professor Paul J. Gollan and co-author Laura Steele examine innovation, workplace incentives and the 2016 Federal Budget. CEDA 2016