Credico Australia Discuss the Major Changes to 457 Visa

    SYDNEY, AUSTRALIA, May 04, 2017 /24-7PressRelease/ -- The Australian government recently announced that the 457 visa system would no longer be a passport to residency in Australia, meaning that migrant workers will not be allowed permanent residency once their four year visa has ended. The controversial move has been made with a view to protect Australian jobs, and give Australian nationals priority in the jobs market.

About Credico Australia: http://www.credico.com/who-we-are/about/

While the government has offered assurance that the 95,000 skilled workers currently holding 457 visas will be protected and granted permission to apply for residency once their four years are up, the new system will only offer migrant workers a two year temporary visa which while designed to attract top talent to Australian industry, will not result in an opportunity to become a permanent resident.

Credico Australia has been investigating the new ruling and believes that while the government may have the best interests of Australian businesses at heart; many smaller companies may not see the decision as a positive one. Despite Prime Minister Malcolm Turnbull stating that the new, two year temporary visa will still allow businesses to recruit the best and brightest small businesses across the country are urging the government to hash out the specifics, as many feel the new visa will stifle their growth.

Under the new visa program, revised regulations will see businesses with an annual turnover of less $1 million, and fewer than five employees excluded from utilising the program, and an age cap on applicants of 45. While this offers small businesses to tap into Australian talent, these limitations could prove challenging for start-ups looking to achieve a global presence.

Credico Australia is excited for the increase in opportunities this move will open to Australian workers, especially the younger and older generations who may have found themselves overlooked in an oversaturated job markets. However, the agency is aware that there are downfalls of the new program. 'the government will need to reassure small businesses on how the new program will be a benefit rather than a hindrance and offer their support to small businesses' stated a spokesperson for Credico Australia. 'Skills shortages in certain sectors, and these new limitations on international talent are concerning for many small businesses, especially for those looking to enter into the global marketplace, so clear communication with the small business community is key.'

For more information on Credico Australia, follow @CredicoGlobal on Twitter or like their Facebook page.

Sources: http://www.news.com.au/finance/work/what-you-need-to-know-about-the-457-visa-changes/news-story/3894724396a5c7f99491c961ae9b8088

http://www.news.com.au/finance/work/what-you-need-to-know-about-the-457-visa-changes/news-story/3894724396a5c7f99491c961ae9b8088

http://www.smartcompany.com.au/business-advice/politics/changes-to-457-visas-to-put-turnover-and-age-limits-on-smes-finding-overseas-talent/

Credico Australia opened back in April 2013, and has been substantially increasing profit gains for clients covering a variety of different industries with its traditional marketing methods. The firm matches their clients' needs with independently owned and operated sales teams who are specialists acquiring customers through face-to-face sales and marketing programs.

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