Organisations across Australia are seeing the repercussions of this, where many employers are granting big pay increases in the technology and financial services sectors of the economy, and to workers in the digital economy generally.

The Hayes 2022-23 Salary Guide found 91 per cent of surveyed employers say they are experiencing skills shortages, with almost 60 per cent of employers reporting an increase in staff turnover. Furthermore, national job vacancies are increasing yearly, and are significantly higher than before the pandemic.