The report, More Than Temporary: Australia’s 457 visa program, reveals that 457 workers have a high level of job satisfaction, demonstrating that they are integrating well into the Australian workforce.
Ms Carla Wilshire, CEO of the Migration Council Australia, said the findings show that the 457 visa program is critical in keeping Australia competitive in an era when industry is global and 98 per cent of innovation happens outside of Australia.
“Four out of five multinational companies are using 457 visa holders to train and develop Australian workers,” Ms Wilshire said.
“The survey results reinforce that skills transfer and knowledge from 457 visa holders play an important role in building Australia’s human capital.”
“Temporary migration does not just fill skills shortages, it addresses skills deficits and plays a central part in workplace development at the enterprise level.” she said.
“The report also confirms that 85 per cent of employers are satisfied with the scheme and that most employers are using the program to fill skills shortages.
The report did identify some compliance issues pointing to the need to strengthen the monitoring framework.
“It is concerning that 2 per cent of the program reported incomes less than the threshold income set by regulation,” Ms Wilshire said.
The report recommends that a price signal be introduced to encourage business to hire Australian workers, providing funds to beef up compliance efforts and provide services to 457 workers in need.