THANK YOU FOR SUBSCRIBING
Big companies suddenly found themselves sorely short-staffed, and many were forced to keep their doors closed even after the Christmas period, just to gather their bearings.
FREMONT, CA: Since January 2022, the great resignation has had a far-reaching impact far beyond its epicentre in the United States, with the economies of the United Kingdom, Canada, and even Australia currently feeling the effects of our Great Resignation. While the phenomenon has had varying effects on different sectors, economists have noted that more new startups are dotting the fabric of Australian industry, with the technology sector, in particular, welcoming an influx of budding technology entrepreneurs and their agile teams. The technology sector was one of the only sectors of the Australian economy to thrive during the COVID-19 pandemic, with businesses from all industries seeking tech services as early as the first lockdowns in 2020.
Established app developers saw a slew of professionals enter their Melbourne headquarters, all of whom had developed their app ideas and were aiming to create their very own app prototypes.
Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.
Entrepreneurs who were born during months of lockdowns did not all come from a professional background. In essence, the COVID-19 pandemic gave visionaries the time and space they needed to fully flesh out their business ideas, allowing fresh minds and new voices to take the helm of innovations in Australian technology and other sectors. More businesses are investing in employee training and professional development programmes, as well as providing internships for students seeking professional placement. In other words, the new energy that can be seen in Australia's startup culture is increasingly being felt in larger corporations as their workforce ages. If larger corporations can foster a workplace culture that encourages learning and innovation, there is a good chance that these established businesses will be able to compete with the monumental developments spearheaded by startups across Australia.
As startups build their businesses from the ground up, they can use the automation tools that are now available to businesses as foundational components of their business model. As a result, startups will not have to adapt to the introduction of automation. Instead, they can evolve concurrently with their automation tools. The same cannot be said for established corporations, as they will naturally need to allocate resources to restructuring their organisation and hiring new employees before they can focus on innovating. In this regard, it is safe to say that startups currently have a significant advantage, an advantage made possible only by the Great Resignation itself.
Australian tech startups have a reputation for making a global impact, with our homegrown innovations in the rapidly evolving field of technology holding great promise for the Australian tech industry as a whole. There has been a growing emphasis on sustainable industrial development, with millions of businesses offering flexible or hybrid work options to their remaining employees and identifying opportunities for automation to fill the gaps left by the Great Resignation.
More in News