Workplace Disputes

Global – Costs, Skills, Supply

    • Australian businesses compete in a rapidly changing environment
    • Australia continues to experience a shortage in skilled labour. This can be targeted through the skilled migration program, such as the Temporary Skills Shortage visas (subclass 482).
    • Global businesses have to balance the cost of cheaper labour with the cost of training labour with the required skills.
    • Companies enter international markets by:
      • Exporting products overseas
      • Building production facilities in another country
      • Using foreign labour to increases expertise or minimise costs

Extract from Business Studies Stage 6 Syllabus. © 2010 Board of Studies NSW.