Changes to Skilled Worker Visas will impact access to global executive talent pool, says AESC
Call to reconsider visa changes in light of negative 'unintended consequences'
SYDNEY, Australia, May 31, 2017 (GLOBE NEWSWIRE) -- There was collective concern expressed this week amongst members of the Association of Executive Search and Leadership Consultants (AESC) over the impact of recent changes to immigration regulations. It was agreed the changes may detrimentally affect Australia's ability to attract high calibre global talent. The AESC members are drawn from the top executive search and leadership advisory firms across Australia.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/e6feb0f1-41e3-4a21-97e6-2300cdce7b5c
"We are collectively concerned that the mooted changes to Australia's Skilled Worker Visa arrangements will impact access to the global executive talent pool," said Graham Willis, AESC Chair for Australia. "On a daily basis our members are dealing with the deep executive talent pools that exist within Australia. However, these talent pools do not always offer the depth of executive experience needed to meet the future needs of a business. With executive recruitment now a global story and given rapid disruptive changes in the market, Australian companies must ensure they are globally competitive."
Mr Willis said there were thus many times that executive search and leadership advisory firms needed to step outside Australia, tapping into overseas talent or attracting the rich experience of Australians who have built careers overseas.
"The decision by a Senior Executive to relocate-whether for offshoring or onshoring-is not one taken lightly; nor is the decision by Australian companies to employ overseas talent," he said. "It is significant that the collective view of Australian AESC members this week was that the proposed 457 and 186 visa changes are likely to be counterproductive in attracting the very best executive talent to Australia."
The comments follow the 18 April 2017 announcement by the Australian Prime Minister, the Hon Malcolm Turnbull MP, and his Minister for Immigration and Border Protection, the Hon Peter Dutton MP, and reference their proposal that the Temporary Work (Skilled) visa (subclass 457 visa) be abolished and replaced with the new Temporary Skill Shortage (TSS) visa. Changes to the subclass 186 visa were also announced-including the extension of age limits. These would set a new maximum age limit of 45 years old for executive-level professionals to obtain 186 visas, significantly restricting Australia's access to +45 year old top senior executive talent.
"The executive search and leadership consulting profession recognises the benefits of promoting local talent pools, however, AESC's central concern is that the proposed visa changes will serve to restrict onshoring of key leaders and access to specific and specialised skills in the global market," said Graham Willis.
Mr Willis noted that diversity of talent was essential to Australia's economic success, especially leaders who bring experience working in global markets or with specific skills. The skills and background required for successful senior level appointments cannot always be found locally, and for businesses to gain a competitive advantage in their increasingly global industries, mobilisation of executive talent across borders is critical.
AESC members also expressed concern about the proposal to establish a new two-year renewable visa-only able to be renewed once-and the closing of pathways to permanent residency status for some senior executives. "The view of our profession generally is that a two-year visa will likely create unnecessary and often irreconcilable risk both for Australian companies whose investors seek leadership certainty while, at the same time, top candidates seek both flexible, and long term contracts, of more than four years duration," said Mr Willis.
AESC noted that lack of employment security reduces the attractiveness of senior executive positions to overseas talent not available locally. AESC members also expressed concern that the closing of the pathway to permanent residency for company sponsored executives will create a talent vacuum-a loss of long term capability building Australia's talent ranks-and executives who have, historically, made long-term contributions to Australia.
"Executive Search and Leadership Consulting firms fully appreciate the depth of executive talent within the country, and understand the intention and desire of this legislation to protect opportunities available to Australian citizens," said Steve Mullinjer, AESC Global Vice Chair and Chair of AESC's Council of Asia Pacific and the Middle East. "However, for true economic opportunities for Australia and its citizens, it is essential that Australian companies have access to talent that can best deliver the greatest business outcomes." He reinforced the point that AESC's experience confirmed that high performance from any company requires leadership expertise that is diverse, experienced and can drive transformation and change.
"AESC members play a critical role in ensuring that organisations have the greatest competitive advantage-a direct pipeline of outstanding talent to encourage and facilitate greater output, innovation and productivity," said Mr Mullinjer. "To best position Australian business to be competitive on an international scale and reward prosperity for Australia, AESC and its Australian membership, we urge the government to reconsider the unintended consequences of the legislation."
About the Association of Executive Search and Leadership Consultants
AESC is the voice of excellence for the executive search and leadership consulting profession worldwide. Its rigorous Code of Professional Practice guides our members in nearly 1,300 offices in 74 countries and beyond to serve as strategic advisors on behalf of their clients. In turn, AESC members are best positioned to provide companies with a competitive advantage-the ability to find, attract and develop the best talent in the world and ensure that executives are successfully integrated.
By virtue of selecting an AESC member, clients can be secure in their choice of consulting firm, and can reap the benefits that only a trusted advisor can deliver. To learn more about AESC and to view a list of AESC members, visit www.aesc.org. To learn more about AESC's career service for executive-level candidates, visit www.bluesteps.com.
Joe Chappell, AESC
+ 1 (212) 398 9556 ext. 236
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Association of Executive Search & Leadership Consultants (AESC) via Globenewswire
Följ NASDAQ OMX
Skriv in din e-postadress så får du ett mejl när vi har något nytt att berätta.
Senaste pressmeddelandena från NASDAQ OMX
CP Kelco Appoints Didier Viala as New President16.10.2017 15:00 | Pressmeddelande
ATLANTA, Oct. 16, 2017 (GLOBE NEWSWIRE) -- CP Kelco, a leading global producer of specialty hydrocolloid solutions, announced today that Didier Viala has been appointed President, effective October 1, 2017. Viala replaces Donald Rubright, who served as CP Kelco President since 2006 and will retire at the end of 2017. Viala has also joined the CP Kelco Board of Directors. "As a market leader supplying high-quality hydrocolloid products for a range of foods and beverages, consumer products and industrial applications, CP Kelco will continue to invest in capacity additions, new product and applications development, strategic raw material sourcing, quality and safety management, and sustainability initiatives to support our customers' innovation efforts and growth strategies," Viala said. Over the course of more than 25 years with CP Kelco and its predecessor companies, Viala held leadership roles across a broad spectrum of critical areas, including innovat
LogicBio Therapeutics to Present Preclinical Data at European Society of Gene & Cell Therapy 25th Anniversary Congress in Berlin16.10.2017 15:00 | Pressmeddelande
· Company co-founder Professor Adi Barzel, Ph.D., to present new proof-of-concept efficacy data CAMBRIDGE, Massachusetts, Oct. 16, 2017 (GLOBE NEWSWIRE) -- LogicBio Therapeutics, Inc., a gene-therapy company with a mission to develop cures for early-onset life-threatening diseases, announced today that its company co-founder, Dr. Adi Barzel, will present new data from its genome-editing platform during the 25th Annual European Society of Gene & Cell Therapy (ESGCT) Congress in two presentations this Wednesday in Berlin, Germany. The ESGCT will be held from October 17-20, 2017, at the bcc Berlin. Dr. Barzel will present data in multiple animal models of disease demonstrating the extended therapeutic potential of LogicBio's proprietary GeneRide(TM) platform technology. The GeneRide technology harnesses the natural power of homologous recombination to enable precise, site-specific in vivo genome editing to deliver therapeutic genetic material without th
Invitation to presentation of LeoVegas third quarter 201716.10.2017 14:35 | Pressmeddelande
LeoVegas interim report for the third quarter 2017 will be published at 08:00 CET on October 25, 2017. A webcast telephone conference will be held at 09:00 CET the same day, where Gustaf Hagman, CEO and President, and Viktor Fritzén, CFO, will present the results for the third quarter 2017. A possibility will be given to ask questions via the webcast and follow the presentation live. The webcast will be accessible at: https://edge.media-server.com/m6/p/4pk3b55e To participate in the conference call by phone, please call one of the following numbers: SE: +46 (0) 8 5352 6408 UK: +44 (0) 20 3427 1914 US: + 1646 254 3364 Confirmation code: 35 35 667 The webcast, which afterwards also will be
Inbjudan till presentation av LeoVegas kvartalsrapport för tredje kvartalet 201716.10.2017 14:35 | Pressmeddelande
LeoVegas kvartalsrapport för det tredje kvartalet 2017 kommer att publiceras klockan 08:00 den 25 oktober 2017. En webbsänd telefonkonferens kommer att hållas klockan 09:00 samma dag där Gustaf Hagman, VD och koncernchef samt Viktor Fritzén, CFO, presenterar resultatet för det tredje kvartalet 2017. Det kommer att finnas möjlighet att ställa frågor via webbsändningen där även presentationsmaterialet går att följa. Webbsändningen nås på adressen: https://edge.media-server.com/m6/p/4pk3b55e För att delta i telefonkonferensen via telefon, vänligen ring in på något av följande nummer: SE: +46 (0) 8 5352 6408 UK: +44 (0) 20 3427 1914 US: + 1646 254 3364 Bekräftelsekod: 35 35 667 Webbsändningen, som även kan ses i efterhand, och pres
Concurrent Enters Definitive Agreement to Sell Content Delivery & Storage Business to Vecima Networks for $29 Million16.10.2017 14:00 | Pressmeddelande
Proposed Transaction Expected to Result in Debt Free Balance Sheet with $67 Million in Pro Forma Working Capital ATLANTA, Oct. 16, 2017 (GLOBE NEWSWIRE) -- Concurrent Computer Corporation (NASDAQ:CCUR) has entered into a definitive agreement to sell all of the assets of its Content Delivery & Storage Business to Vecima Networks Inc. (TSX:VCM) for a base purchase price of $29 million, subject to adjustment for normalized net working capital. Headquartered in Victoria, British Columbia, Vecima is a leading designer and manufacturer of innovative network technology solutions. The proposed transaction, which has been approved by the Board of Directors of both companies, is subject to various terms and conditions including stockholder approval from Concurrent. "Vecima believes that the rapid growth in IPTV delivery across both MVPD private CDNs and OTT providers will continue to accelerate. Concurrent is a recognized leader in storing, protec
Telefonica Deploys ASSIA's GPON Expresse® Solution to optimize Fiber Broadband Performance16.10.2017 14:00 | Pressmeddelande
REDWOOD CITY, Calif., Oct. 16, 2017 (GLOBE NEWSWIRE) -- Adaptive Spectrum and Signal Alignment, Inc. (ASSIA®). ASSIA and Telefonica announce widespread deployment of ASSIA's GPON Expresse® software across countries in South America: Argentina, Brazil, Chile, Colombia and Peru. GPON Expresse manages gigabit optical broadband networks with diagnostics for improved network performance and service delivery to Telefonica's fiber-based subscribers. GPON Expresse adds to the suite of ASSIA software products currently deployed at Telefonica in Latin America: DSL Expresse® for diagnostics and optimization of high speed DSL networks, and ClearView® for precise network analysis and recommendations for customer care agents and field technicians. With the GPON Expresse deployment, Telefonica can now benefit from ClearView support across both copper and fiber networks. By also incorporating ClearView support for Wi-Fi, operators can have complete end-to-end management across their ac
I vårt pressrum kan du läsa de senaste pressmeddelandena, få tillgång till pressmaterial och hitta kontaktinformation.Besök vårt pressrum