Australians who work from home are being warned they are most at risk of being retrenched.
Unemployment is still low at 3.7 per cent but the Reserve Bank is expecting it to climb to 4.25 per cent by the end of 2024.
That means 77,855 workers would be in danger of being retrenched, in a labour market with 14.7million people, as interest rate rises spark an economic slowdown.
The Australian Chamber of Commerce and Industry, which represents 400,000 businesses, blamed Australia’s falling productivity levels on staff working from home.
Jessica Tinsley, the employer group’s director of workplace relations, said businesses would be looking to retrench staff who didn’t turn up to the office.
‘We know that unproductive businesses struggle to compete and are often forced to cut back on their operations,’ she told Daily Mail Australia.