One of the fundamentals of managing commercial property on the Gold Coast is having the right workforce. From office work to popular restaurants to retailers, a skilled and positive set of staff is part and parcel of a successful company.
As the federal government notes, "good employees can be your greatest asset, so recruiting and retaining the right people is very important to your business success".
So with new announcements from the Queensland government creating positive conditions for the employment pool in our state, there are good signs on the horizon for business owners across the Gold Coast and beyond.
Ahead of the state budget, Queensland treasurer Curtis Pitt has announced that there will be $750million of funding made available to assist people in their quest to be ready for employment.
"We are a government with a strong regional and rural focus. It's crucial that the skills of people right across Queensland mesh with what employers need. That's why we're working closely with local communities to provide the skills they need," he stated.
Apprenticeships and trainees will be given more opportunities, while programmes for those looking for work straight out of high school, as well as those traditionally disadvantaged when entering the workforce, will all receive financial assistance. This comes in the form of new courses, and wider training nets.
This will greatly improve the workforce, meaning those who have undertaken retail leasing on the Gold Coast will have an even better pool of talent to choose from when it comes time to expand their staff base.
The funding has been welcomed by industry voices, including the Chamber of Commerce and Industry Queensland (CCIQ). Nick Behrens, director of advocacy and workplace relations for the body, has noted that this will reduce unemployment, as well as raise the working population to meet demand from employers – which likely includes those leasing offices on the Gold Coast.
This actually comes at a vital time, as Mr Behrens has noted there are weak spots in the state jobs market.
"Queensland is currently experiencing a soft labour market. As a result, youth unemployment in our state is critically high (14.3 per cent), apprenticeship and trainee commencements are down and VET participation rates are consistently behind the national average (8.1 per cent against a national average of 11.9 per cent)," he remarked.
However, these steps from the state government will improve the employability and skills of many Queenslanders both young and old. Additionally, the skills developed through these new programmes and grants will be relevant to local industry, creating a strong, skilled workforce.
If you have been considering buying commercial property on the Gold Coast, this will be a welcome announcement.
As has been noted, young people are expected to benefit greatly from these government funding decisions – something which is likely to have a positive impact on the Gold Coast. As 2011 census data indicates, areas like Surfers Paradise have almost double the state's average proportion of people in their twenties.
Providing extra skills training and employment opportunities means this significant percentage of the local population can seek more employment opportunities and boost the Gold Coast economy – as well as their own jobs situation.
Anyone who is interested in expanding their business would do well to look at commercial property for sale on the Gold Coast, and consider an expansion of their current business, or the opening of a new one. When you decide this is your next step, make sure to engage us at Ray White Surfers Paradise. Decades of experience helping people set up shop means were are ideally placed to help you too.