A new body of research has just been completed on the returns to investment in training in Australia. Prior to this research effort, little empirical research had been undertaken on the returns to training in Australia. This research at a glance synthesises the findings of the recent Australian research.
There has been growing concern about skill shortages in a number of sectors in the Australian labour market in the past couple of years with an increased demand for some skills as a result of improvements in the Australian economy. However, such concerns are not particularly new since skill shortages are a recurring and persistent feature of the Australian labour market. In this report, available evidence about patterns and trends in trades employment and training in the building and construction industry is reviewed to guage the nature and extent of any skill shortages in these building and construction trades.