Insights from AHRI June Quarter Report 2024

‘A forward view of the Australian labour market’

The Australian HR Institute (AHRI) recently released their June Quarter 2024 Work Outlook Report revealing that Australia’s skills gap is harming productivity, with high turnover predicted to be a key cause.

Disclosure: Information is reflective of the Australian HR Institute (AHRI), Quarterly Australian Work Outlook June Quarter 2024 statistics.

Source: AHRI Q2 2024 Work Outlook Report

Key Insights from AHRI Work Outlook Report

In the face of Australia’s nationwide skills shortage, recent research from the Australian HR Institute (AHRI) paints a clear picture of the challenge at the organisational level.

Skills Gap

According to AHRI’s June 2024 Quarterly Australian Work Outlook report, close to 1 in 5 of workers lack proficiency in their roles, with a notable majority (57%) of employers acknowledge the detrimental impact of skill gaps on their organisation’s productivity.

Training Investments

Despite this the report on proficiency levels, organisations have emphasised that 37% are intending to boost their investment in training within their business over the coming year, with merely 6% planning to reduce training allocations.


Employers addressing recruitment challenges are focussing on three key activities: enhancing the skills of current employees (30%), increasing wages (23%), and enhancing benefits (22%). Of those currently hiring, 40% encounter recruitment hurdles, a figure similar to the previous quarter’s 38%.

Employment Intentions

Employers indicated that the average anticipated basic pay rise in their organisation (excluding bonuses) is projected to be 3% for the 12 months leading up to April 2025, a decline from 3.7% for the 12 months preceding January 2025.

Employee turnover remains a concern, with the 12-month average turnover rate reaching 15% by March 2024, up one percentage point from the previous report. The public sector saw a significantly higher turnover rate at 23%, compared to 13% in the private sector. Looking ahead, 23% of employers anticipate worker redundancies in the upcoming June 2024 quarter, consistent with the previous quarter. However, there’s some optimism as 41% of organisations plan to increase staff levels, while only 5% intend to reduce their workforce during the same period.

The anticipated growth in employment presents a complex picture for both employers and policymakers. While there is optimism regarding job creation, questions linger about whether this growth is primarily driven by addressing existing job vacancies or signifies sustained job market expansion. Despite a recent decline in vacancies since mid-last year, they remain notably high, with nearly half of employers facing challenges in filling positions.

AHRI CEO, Sarah McCann-Bartlett believes the Australian jobs market remains tight but doesn’t seem to be driving real wage inflation. Thus, while the employment landscape shows signs of resilience, careful monitoring and strategic interventions may be necessary to navigate potential economic implications.

Exploring these nationwide statistics provide organisations with a valuable outlook on the current and future employment landscape, offering essential insights to assist in strategic planning, and decision making. Understanding and being aware of these dynamics are crucial so organisations can proactively address them.

At Edwards HR, we are committed to helping you stay ahead in this ever-evolving employment landscape. We offer HR and recruitment solutions to meet your business needs at all stages of the employment lifecycle.

Interested in upskilling your employees and making proactive investments into training? Explore our HR training workshops, and book online today.

Learn more about what we do! Take the proactive step and book a free consultation to discover how we can support your business.

Stay up to date with all the upcoming changes via our Linkedin or sign up to our ‘Employer Update’ newsletter.

For more guidance about this update, or to find out how Edwards HR can support your business, contact our team today on 07 3568 0866.

Feel free to share this update with others in your network.

Book a Free Consultation

Free 30-minute HR consultation and a review of your existing employment agreement,
with our no-obligation recommendations.