ANZ CEO Shayne Elliott said the current labour shortages are impacting businesses from all industries and the bank has been working on a solution.
“We’ve been in conversations with various elements of government and state in particular, exactly around this issue, around not so much about replacing backpackers but clearly there are some emerging labour shortages,” Elliott said at .
“We’ve got adaptable people with great mindsets and great ways of dealing with people who may have retired or been out of work. How do we get those people back into work?”
Elliott said the bank has launched a number of programs, including with the Victorian government, to encourage older people to return to the world of work as well as women.
“What we found in the data is a lot of people, particularly women, who were older and who had worked in tech in the past for whatever reason had moved out of the workforce and then somehow felt they weren’t worthy or capable of coming back,” Elliott said.
“So we’ve got a program to bring people back to the workforce and it has been enormously successful. So look, I think there are opportunities for that.”