The best city to be an employer

The best city in the world to be an employer isnot in Australia. And there isnt an Australian city at all in the top ten. Aon Consulting People Risk Index, which determines among 90 cities those where it least risky to recruit, manage and relocate staff, has declared Toronto the place to be if youre a boss with a need for people. But the bigger question is this: out of Sydney and Melbourne, which of the two is best for employers? The answer is Melbourne but only just. The results of the study released this week put Melbourne in 15th place while Sydney got the 16th spot. Following Toronto lead were New York, Singapore, London, and Montreal, which gave the Canadians their second city in the top five. At the bottom of the list were (perhaps unsurprisingly) Dhaka in Bangladesh, Phnom Penh in Cambodia, Lagos in Nigeria, Karachi in Pakistan, and Tehran in Iran. Advertisement: Story continues below The researchers analysed 25 factors spread over five different areas.Demographics looked at the sufficiency of labor supply, the strength of the economy, and the society in general (such as crime levels and population size). Government Support examined whether policies and practices assist in the management of people or whether they make it more difficult (such as corruption and workplace safety issues). Education measured the ease with which employers are able to find qualified workers (such as literacy rates and tertiary enrolment). Talent Development was about the quality and availability of resources (such as management training and executive recruitment). Employment Rosetta Stone outlet Practices identified the riskiness associated with employing people (such as staff turnover and labor relations). According to the findings, Australia low rate of multilingualism has held us back, especially when compared to other cities in the Asia Pacific region. For example, the number of high schoolers studying a foreign language has more than halved in three decades. Perhaps this has something to do with the English language being the one in which most global business is conducted, so many of us dont see a need to learn another. Our increasing reliance on China might force us to eventually rethink the benefit of picking up an Asian language. Also getting in the way of being employer-friendly is the small size of our population. Large cities give employers a greater number of potential candidates to choose from, which makes the often painful task of recruitment a little easier. When it easy to find good workers, global employers are more likely to set up an Australian office. But while we have a chorus of voices squealing for limits on population growth, a big Australia wont be a policy for the major parties anytime soon. The report also picked up on our ageing workforce, which is a trend evident not just in Australia but most of the developed countries. The Intergenerational Report released earlier this year predicted the number of people aged between 65 and 84 will double over the next 40 years. Currently, there are five taxpayers supporting every older Australian. This is forecast to drop to 2.7 in four decades time. So what helping us succeed? For starters, our level of income and economic development. Plus, our transparent government and solid regulations create working environments stable enough for prosperous businesses and productive employees. But no matter where we stand from an employer perspective, these results dont change one fact: were one of the best places in the world to live.

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