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Tristan T

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The IT industry continues to grow at lightning pace, as a result of advancing technology and businesses moving important data and information onto digital platforms.

However, for all the benefits of this trend, Australia - and indeed the world - are seeing significant skill shortages.

According to Australia's Digital Pulse, a report released by Deloitte and the Australian Computer Society, digital technologies now make up 5.1 per cent of the country's GDP. With more than 600,000 ICT workers already employed across the industry, the report noted that Australia needs at least another 100,000 over the coming six years.

Based on ICT qualification numbers, this isn't happening, and it has the potential to put future pressure on the country's IT contractors. So, what is the solution?

Check out for better IT risk mitigation for corporate.

Golden Age Index

In late June, PricewaterhouseCoopers (PwC) issued its Golden Age Index. Based on analysis from the 34 OECD countries, it found there was real value in industries using mature-age workers. However, this was one area where Australia as a country lacked - ranking 15th out of 34.

Despite the five-place improvement from 2014, Australia ranked behind high flyers Iceland, New Zealand, Sweden, Israel and Norway. Even the US, Korea, Japan and Estonia outgunned Australia.

PwC Global People Business leader Jon Williams explained that mature-age workers don't actually block the path for younger workers. In fact, he noted that it generates more demand and opportunities in the economy.

"However we need to change our social bias toward older workers to allow this to happen. We are stuck in a cradle-to-grave model of career progression with a stigma towards changing careers and taking a step back," Mr Williams stated.

"Businesses who make better use of the skills and experience of older workers gain a real competitive advantage at a time when their customer bases are also ageing."

Mature IT contractor support

One of the main reasons why mature workers don't always change careers or take on contracting opportunities is the fear of failure. With a family to support, mortgage to pay and a retirement to plan, taking this leap of faith is often a step too far for many.

At Oncore Services, we understand the stresses and pains of IT contracting. As such, we have developed a number of services for contractors such as of all ages to have access to. From savings, wealth management solutions, superannuation and career mobility, Oncore Services is in a great position to ensure your contracting career is as successful as possible.

Oncore is a global outsourcing payroll company specializing in contractor risk mitigation, Contractor payroll management, wealth management solutions and payroll management service for corporate, recruiters and professional contractors.

Oncore services are powered by our easy to use contractor management software, making administration of your contractor engagements easier than ever.

Our online contractor management system guarantees easy 24-hour access to our customer portal and all your essential contracting information.

With electronic timesheets and expense claim forms, it is simple to submit your expenses and manage your contracts electronically through the Oncore customer portal.

All reporting, including salary slips, revenue reports, expenses and timesheets are also available through the portal, which means staying on top of your contracting engagements by actively managing income and expenditure.

Rate this article:
Oncore is a global outsourcing company specialising in contractor risk mitigation and payroll solutions for corporate, recruiters and professional contractors. Our compliance team also ensures you remain up to date with any legislative or regulatory changes relating to these financial benefits. Visit here for more Information : http://www.oncoreservices.com/
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