The government is abolishing its temporary work visa for skilled employees currently held by 95,000 people, or 1% of the workforce. The 457 visa, which like the American H-1B visa was sponsored by employers, will be replaced by the Temporary Skill Shortage (TSS) visa. This will have new requirements for employers, like adhering to a minimum market salary rate and mandatory labor market testing. Employers will also have to shell out more for foreign skilled labor, money which the government will use to train Australian citizens. Applicants will also have to meet stricter criteria and their occupation will have to be one of those the government has found aligns with a skill shortage.
Chosen excerpts by Job Market Monitor. Read the whole story at Australia’s Worker Visa Abolished: What Does It Mean for Tech? (TEAM, INFY) | Investopedia