Entrepreneur and recruitment specialist Andrew Banks answers your questions
As COVID-19 restrictions ease, businesses and job hunters are setting their sights on rebuilding. Entrepreneur, recruitment specialist and Shark Tank judge Andrew Banks answers readers’ questions.
There were pledges to deliver tax cuts, a budget surplus and a stronger economy.
Then came COVID-19 – and the best-laid plans went out the proverbial window. The Federal Government has been forced to abandon its surplus dream in favour of boosting unemployment benefits, subsidising wages to preserve jobs, and embracing stimulus spending.
Last week the Australian Bureau of Statistics revealed that the country had seen the biggest rise in unemployment on record, with almost 600,000 people losing their jobs in one month between March and April.
Australia’s unemployment rate is now sitting at 6.2 per cent and economists say this could climb even higher in the months ahead.
But as Australia cautiously gets to its collective feet to begin the recovery from the national COVID-19 shutdown, businesses large and small are turning their attention to rebuilding workforces, restoring consumer confidence and revenue, while also ensuring workplaces are operating efficiently and safely.
Employment opportunities are expected to follow. While employers will have to brace themselves for a tsunami of applicants, job seekers will also have to find ways to market themselves so they stand out from the crowd.
It’s going to be a challenge, especially for small businesses that might not have the human resources to effectively process applications and find the right people for the job.
And for those with an entrepreneurial spirit, starting a business might be the priority over finding alternative employment. Australians already have a proud track record of innovation, especially when the going gets tough.
Entrepreneur and recruitment expert Andrew Banks, also known for his role as a judge on the hit television show Shark Tank, will be online at noon today (AEST) to answer your questions about small business and both sides of the recruitment equation, in an hour-long Q&A.
You can ask your questions in advance in the comments below or during the session.
Due to the number of questions, Mr Banks may not be able to answer everyone.