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By Jessica Thakur, March 31, 2024
Australia remains a desirable destination for skilled migrants, ranking fourth globally according to the 2023 OECD Indicators of Talent Attractiveness. However, the report also highlights the need for innovation to maintain this position as other countries step up their efforts.
Key Takeaways:
Strong social cohesion, quality education, and permanent residency pathways make Australia attractive.
Canada, New Zealand, the UK, and the US are all increasing efforts to attract skilled migrants.
Australia's planning levels need to be reviewed in light of international competition.
Global Fight for Talent:
Many OECD countries are actively enhancing their migration policies to attract skilled workers amidst a global skills shortage. Canada's ambitious multi-year immigration plan dwarfs Australia's, with targets exceeding 465,000 new permanent residents in 2023 alone.
Innovation Needed:
Australia's traditional 70/30 split between skilled and family migration might need to be adjusted. New Zealand's simplified point system for faster permanent residency for highly skilled migrants presents a compelling alternative. The UK's focus on a points-based system prioritizing skilled workers highlights another approach.
The Road Ahead:
Australia's success in attracting skilled migrants hinges on innovation and a strategic response to the evolving global landscape. Reviewing planning levels and exploring new pathways for skilled migrants will be crucial in the ongoing competition for talent.
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