{"id":4370,"date":"2021-05-19T06:02:35","date_gmt":"2021-05-18T20:02:35","guid":{"rendered":"https:\/\/insyncnetworkgroup.com\/australian-expats-excluded-from-global-talent-budget-push\/"},"modified":"2023-07-03T01:59:37","modified_gmt":"2023-07-02T15:59:37","slug":"australian-expats-excluded-from-global-talent-budget-push","status":"publish","type":"post","link":"https:\/\/insyncnetworkgroup.com\/australian-expats-excluded-from-global-talent-budget-push\/","title":{"rendered":"Australian expats excluded from global talent budget push"},"content":{"rendered":"

Is local recruitment doing enough to keep Australian expats here once borders open again?<\/h3>\n

Last week the government announced a suite of budget measures<\/a> designed to \u2018attract global talent\u2019 and to set Australia up for the future.<\/p>\n

These measures, recommended by the Prime Minister\u2019s Special Envoy for Global Business and Talent Attraction, Peter Verwer include a suite of tax and regulatory relief changes designed to make it easier for foreign companies to be based here and for employees to work here in organisations like start-ups where owning shares is a big part of the reward.<\/p>\n

These measures, while sound, miss the bigger and more urgent opportunity.<\/p>\n

Which is how we embrace and integrate global talent.\u00a0 Over the last year, COVID has given Australia a gift and that is the return of hundreds of thousands of Australians from overseas who are already<\/em><\/strong> the \u2018best and the brightest\u2019 and \u2018global talent\u2019.<\/p>\n

But we are in real danger of losing talent back overseas when borders open because our labour market ostracises rather than embraces Australians returning home.<\/p>\n

Australian expat experience shows disconnect between government policy and local recruitment practices<\/strong><\/h4>\n

There is a huge chasm between the government\u2019s vision to attract \u2018global talent\u2019 and the way the local recruitment market behaves. And in referring to the local recruitment market I mean both external recruiters and internal hiring managers. What has been absolutely consistent feedback from the Australian expats I have worked with over the last eight years, is that the local Australian market does not fully appreciate overseas experience.<\/p>\n

I have had one person say that despite returning from five years in New York in senior HR positions for major global financial institutions, that she would not be represented locally because she had been \u2018out of the market\u2019. I have had a global leader in card technology, rejected by the big banks. An IT systems designer with 20 years European experience has had to take a huge pay cut on a temporary contract (for exactly the same role), just to get into the market. Many expats have simply started their own businesses because it has been too hard to get an Australian company to understand and appreciate their value.<\/p>\n

Yes, it is up to the returning expat to be able to translate their experience locally however as a nation who is now spending hundreds of millions of dollars seeking global talent, isn\u2019t it also the labour market\u2019s responsibility to change how we approach hiring?<\/p>\n

Lack of support for global talent mobility<\/strong><\/h4>\n

The challenge doesn\u2019t just extend to the returning Australian.\u00a0 Often the expat is returning with an overseas born partner, often also a global professional. But they too face the same challenge only harder.\u00a0 My latest podcast guest, Michael Waite, returned in 2020 with his wife, a highly qualified paediatrician who used to work at one of the leading hospitals in the US.\u00a0 She is now living in a regional community with a dire doctor shortage and yet cannot serve this community because she is made to start her career again as a junior doctor working a handful of shifts hundreds of kilometres away from home.<\/p>\n

Lack of an innovation mindset<\/strong><\/h4>\n

Expats often turn to entrepreneurialism because in a sense to be an expat and to survive as an expat, you have to have a bit of this spirit about you to both survive and thrive.\u00a0 Michael Waite<\/a> is a case in point.\u00a0 Michael and his family were on an 18-month holiday around the world when they popped back to Australia for the Southern Hemisphere summer for a visit when COVID and family tragedy struck. He and the family then decided to make regional South Australia home for the immediate future. 888 poker no deposit bonusIn April 2020 and somewhat as a COVID project, Michael made headlines starting the local Naracoorte News after Australian Community<\/a> News suspended the local paper.\u00a0 Michael is a COO and a CFO with zero publishing experience, but it was his entrepreneurial spirit that saw him start the newspaper in just 16 days working with his local community.<\/p>\n

Many people talk about innovation like it is a \u2018thing\u2019 and \u2018things\u2019 are obviously easier than people to invest in.\u00a0 The government\u2019s 2021 budget has introduced \u2018patent boxes\u2019<\/a> so more biotech and medical companies will patent and protect \u2018things\u2019 locally.\u00a0 Again, a sound measure, but innovation is a mindset and where is the investment in ensuring that people with these mindsets like Michael don\u2019t leave?\u00a0 Not only did hundreds of thousands of innovative mindsets return home last year but tens of thousands of innovative minds were lost from the tertiary sector.\u00a0 Both these groups will be looking overseas for opportunities overseas if we don\u2019t invest in keeping them here.<\/p>\n

Michael and his wife are really trying to carve out a life and a professional future here, but it has been tough.\u00a0 Michael made the comment: \u201cAustralia really has to be really honest about whether it wants expats to stay.\u201d<\/p>\n

A sad comment and one that runs completely counter to the government\u2019s vision.<\/p>\n

So what can be done to truly embrace from the <\/strong>brain gain?<\/strong><\/a><\/p>\n

We need to urgently address the gap between the government\u2019s vision and local employment practices and mindsets.\u00a0 I believe we can do this in the following ways:<\/p>\n

    \n
  1. The recruitment market needs to focus on hiring for skill rather than simply on \u2018local experience\u2019.<\/strong> Expats by nature are adaptable, if they can adapt to life living in South America, they can adapt to life back to Sydney.<\/li>\n
  2. The local recruitment market needs to think global <\/strong>\u2013 and this means looking for talent who can work in global contexts. Not only will this attract the right talent, but it will create the right global workforces which will make them attractive places for people to stay.<\/li>\n
  3. The local recruitment market needs to start looking for the \u2018innovation mindset\u2019 <\/strong>not just the person who worked on the \u2018innovative thing\u2019.<\/li>\n
  4. The local recruitment market needs to be sensitive to returning expats and to help them.<\/strong> During COVID, many have had to pack up lives on a timetable out of their control.\u00a0 They may have returned with a partner not from Australia and kids who have had to change schools and lives that they have only known. They are surrounded by rhetoric that has been critical of the returnee suggesting \u2018they should have come home when the government told them too\u2019 and that they should feel\u00a0 \u2018lucky to be here\u2019. Now they are facing the prospect of more uncertainty with our closed borders \u2013 and a very long periods of time separated from family and lives they used to live which makes the transition back home much harder.<\/li>\n<\/ol>\n

    The opportunity is now<\/strong><\/h4>\n

    They say in sales, it is 10 times harder to sell a product to a new customer than to one who has already bought before so always look after your existing customers.\u00a0 This is why I am so frustrated that as a country we want an innovation agenda, yet we do so little to embrace returning global talent.<\/p>\n

    Why are we chasing new global talent, a task 10 times harder, when there is an immediate opportunity that can be reaped, not in the medium term, but right now?<\/p>\n","protected":false},"excerpt":{"rendered":"

    Is local recruitment doing enough to keep Australian expats here once borders open again? Last week the government announced a suite of budget measures designed to \u2018attract global talent\u2019 and to set Australia up for the future. These measures, recommended by the Prime Minister\u2019s Special Envoy for Global Business and Talent Attraction, Peter Verwer include […]<\/p>\n","protected":false},"author":2,"featured_media":4371,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_uag_custom_page_level_css":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style"winjoy poker:"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":[],"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueState":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":"","_VenueShowMap":false,"_VenueShowMapLink":false,"footnotes":""},"categories":[10],"tags":[],"class_list":["post-4370","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"yoast_head":"\nAustralian expats excluded from global talent budget push - InSync Network Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insyncnetworkgroup.com\/australian-expats-excluded-from-global-talent-budget-push\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Australian expats excluded from global talent budget push - InSync Network Group\" \/>\n<meta property=\"og:description\" content=\"Is local recruitment doing enough to keep Australian expats here once borders open again? 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Last week the government announced a suite of budget measures designed to \u2018attract global talent\u2019 and to set Australia up for the future. 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