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Immigration Department data shows the number of work visas in Australia continue to climb

Source www.heraldsun.com.au

457 visas and working holiday visas for Australia grow

Number of working visitors continue to grow

The number of visitors to Australia with work rights continues to soar, despite the nation’s worsening job outlook.

New Immigration Department data shows;

  • Australia’s unemployment rate climbing towards 6%
  • the number of New Zealanders on special visas has risen to 625,000
  • 10% jump in young foreigners on working holidays to almost 180,000, as of December 31 last year.
  • 7.6% spike in numbers for the controversial 457 skilled visa to 170,000
  • Student visa numbers rose by 6.4% to 257,000
  • 6% increase in the number of temporary entrants in Australia to 1.82million
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Tax treatment of candidate databases. Source: deloitte.com.au

Author: Paul Masters, Tax Partner, Deloitte

candidatesimage

Tax issues associated with candidate databases
One of the most valuable assets your business owns is the candidate database. Amongst other things, its value will depend on the quality of the information stored, how current it is and how easy it is to access.

This article focuses on the tax ramifications associated with a candidate database that is acquired as part of a recruitment business. The issues can be quite subjective and every situation varies. The important consideration is that a well structured digital database with details of interviews, reference checks, salary expectations, likes, dislikes, etc will potentially provide the business that acquires it with the opportunity to claim depreciation for taxation purposes.
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“Candidates just want to Be Loved….Is that so wrong?”

Within the recruiting industry, it’s hard to get away from candidate experience.  It’s one of those hot topics right now that everyone is talking about.  There is a heavy emphasis on the importance of treating candidates better.  With the recruitment industry in Australia being extremely competitive, recruiters must go the extra mile to stay on top and providing a good candidate experience is at the centre of this.

Ask anyone in business what is the most important part of your business … it is the PEOPLE.  This is from end-users, clients, customers, employees.  Having a strategy in place to keep these experiences positive equals a recipe for success.

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