Australia’s Economy Records Strongest Growth Since 2016 - What It Means for Businesses and Talent in 2026

March 23, 2026

Australia’s Economy Records Strongest Growth Since 2016 — What It Means for Businesses and Talent in 2026

Networking is a Leadership Skill

Great leaders don’t just build strong teams. They build strong ecosystems.

In today’s fast-changing professional landscape, leadership is no longer defined only by technical knowledge, authority, or organisational hierarchy. The most effective leaders understand that their influence extends far beyond their immediate team.


Leadership today is about building meaningful professional networks that enable ideas, collaboration, and innovation to thrive.

In other words, the leaders who succeed today are not necessarily those with the most information — but those who are most connected to the right people, perspectives, and insights.


Networking has evolved. It is no longer transactional.

It is relational, strategic, and essential to modern leadership.
Rethinking Professional Networking

From Contacts to Communities

For many years, networking was often misunderstood as a purely transactional activity.

People attended events to exchange business cards, connect briefly on LinkedIn, or pitch themselves to potential clients or employers. While these activities can still have value, they represent only a small part of what effective networking looks like today.


Modern professional networking is about building long-term relationships and communities of trust.

Effective leaders don’t simply collect contacts.


They build professional ecosystems made up of:

  • Colleagues and peers
  • Mentors and advisors
  • Industry leaders
  • Emerging talent
  • Professionals from adjacent industries


These relationships allow leaders to stay connected to a wide range of ideas, trends, and perspectives.


By expanding their network beyond their immediate organisation, leaders gain access to insights that might otherwise remain invisible.

This broader perspective helps leaders:

  • Stay informed about emerging industry trends
  • Identify new opportunities earlier
  • Adapt to technological or market changes faster
  • Strengthen strategic decision-making


In an increasingly complex business environment, diverse professional networks provide a significant competitive advantage.


Why Networking Improves Leadership Effectiveness


Strong professional networks are more than social connections. They are a leadership multiplier.

When leaders actively build relationships across industries and disciplines, they gain access to valuable knowledge and perspectives that improve how they lead.

1. Leaders Gain Early Insight into Change

Professionals across different industries experience change at different times.

When leaders maintain strong connections with people outside their organisation, they often hear about new trends, technologies, and challenges before they become widely recognised.

This early awareness allows leaders to anticipate shifts and respond proactively rather than reactively.

2. Diverse Networks Lead to Better Decisions

Leadership decisions benefit from diverse perspectives.

When leaders rely only on internal viewpoints, they risk reinforcing existing assumptions or overlooking alternative solutions.

Engaging with professionals from different sectors, backgrounds, and experiences introduces new ways of thinking that can improve problem-solving and strategic planning.

3. Professional Networks Increase Leadership Resilience

The modern business environment is unpredictable.

Leaders frequently face complex challenges, economic uncertainty, technological disruption, and organisational change.

A strong professional network provides access to support, guidance, and alternative perspectives when navigating difficult decisions.

Leaders who cultivate meaningful connections are rarely facing challenges alone.

4. Networking Enables Leaders to Support Others

One of the most powerful aspects of networking is the ability to open doors for others.

The most respected leaders are not those who protect access or guard influence.

They are those who actively support the growth of others by sharing knowledge, making introductions, and mentoring emerging professionals.

True leadership influence does not come from authority.

It comes from creating value for others.

The Role of Generosity in Leadership Networking


The most effective professional networks are built on trust, generosity, and shared learning.

When leaders approach networking with a mindset of helping others rather than extracting value, relationships naturally strengthen over time.

Generosity in professional networking can include:

  • Sharing insights and industry knowledge
  • Introducing people who could benefit from meeting each other
  • Mentoring early-career professionals
  • Offering advice or support without expecting immediate return


This approach creates a network built on mutual respect and long-term trust. Over time, these relationships often generate opportunities that cannot be predicted or planned.

A casual conversation may lead to a future collaboration.

A former colleague may become a strategic partner.

A mentee may grow into a future leader.

Networks built through generosity often evolve into powerful ecosystems of collaboration and opportunity.


A Simple Networking Habit for Leaders


Building a strong professional network does not require constant events or large-scale outreach. Often, the most meaningful professional relationships grow from small, intentional conversations.

A simple leadership habit can make a significant difference.

Set aside one hour each month to reconnect with someone outside your immediate circle.

This might be:

  • A former colleague
  • Someone working in another industry
  • A mentor or advisor
  • A professional contact you have not spoken to in a while


Instead of focusing on selling, pitching, or promoting yourself, approach the conversation with curiosity.

Ask questions such as:

  • What changes are you seeing in your industry right now?
  • What challenges are organisations currently facing?
  • What new ideas or technologies are you exploring?


Listening to these insights can expand your perspective and spark new ideas.

Sometimes a single conversation can reshape your thinking, highlight a new opportunity, or reveal a trend you had not yet considered.

This is where networking becomes more than a career tool.

It becomes leadership development in action.


The Future of Leadership is Connected


The business environment is becoming increasingly global, digital, and interconnected.

No leader can succeed in isolation.

The leaders who thrive in this environment are those who understand how to connect people, ideas, and opportunities.

They build networks that encourage collaboration, learning, and innovation.

They recognise that leadership is not about standing at the centre of a hierarchy.

It is about participating in a network of knowledge and trust.

In the modern workplace, networking is no longer optional.

It is a core leadership skill.

And the leaders who invest in meaningful professional relationships today will be the ones best equipped to navigate the challenges and opportunities of tomorrow.

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By Shazamme System User • November 5, 2026
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Fewer Technology Vacancies, More Job Applications One of the most significant trends emerging from Q1 FY27 is the growing imbalance between available roles and job applications. According to Australian Bureau of Statistics (ABS) job vacancy data, vacancies across the information media and telecommunications sector declined from approximately 3,600 in May 2026 to 3,000 in August 2026. This represents a decrease of approximately 16.7% over three months. Meanwhile, SEEK's July 2026 Employment Dashboard reported that applications per job advertisement reached a record high. What does this mean for employers? At first glance, an increase in applications might appear to make recruitment easier. However, a larger candidate pool does not necessarily translate into more qualified candidates. Employers may receive significantly more applications while still struggling to identify professionals with the technical expertise, industry experience, and specialist capabilities required for critical positions. This creates several recruitment challenges: Higher application volumes: Recruitment teams may need to review more candidates for each vacancy. Greater screening requirements: Identifying genuinely qualified candidates becomes increasingly important. Specialist talent shortages: Highly skilled professionals may remain difficult to secure despite broader competition for jobs. Longer selection processes: Without clear hiring criteria, additional applications can create unnecessary delays. The key takeaway is simple: more applicants do not automatically mean better hiring outcomes. Organisations need clearly defined job requirements, effective screening processes, and a focused recruitment strategy to identify the right talent. 2. AI Skills Are Becoming Essential Across Technology Roles Artificial intelligence is no longer a capability reserved for specialist research teams or dedicated AI departments. It is increasingly becoming part of the everyday requirements for technology professionals. According to SEEK's July 2026 Employment Dashboard, 13.5% of ICT job advertisements requested AI-related skills, representing the highest proportion among industries. This highlights the growing importance of AI capabilities within Australia's technology workforce. Why are employers prioritising AI skills? Businesses are exploring how AI can improve productivity, automate processes, support decision-making, and create new commercial opportunities. As a result, organisations are looking for professionals who can help translate AI initiatives into practical business outcomes. These capabilities may include: AI and machine learning development Data engineering and analytics AI solution architecture AI integration into existing business systems Automation and process optimisation Responsible AI implementation and governance Importantly, employers should distinguish between roles requiring advanced AI engineering expertise and positions where practical knowledge of AI tools is sufficient. Defining the actual business problem and the level of AI capability required can help organisations avoid unnecessarily narrowing their candidate pool. 3. AI and Cybersecurity Remain Critical Skills Shortages Despite increasing job applications, some of the most important technology capabilities remain difficult for employers to secure. The Hays IT Contractor Rates Guide FY26/27 identifies two particularly significant areas of specialist skills shortages: AI and Machine Learning — 28% Cybersecurity — 26% These figures represent the proportions of employers identifying these areas among their most acute skills shortages. Why do these shortages matter? AI and cybersecurity are increasingly important to business operations, digital transformation, and long-term competitiveness. For organisations investing in AI, specialist expertise can be essential for designing, implementing, and maintaining reliable solutions. Cybersecurity professionals play an equally important role in protecting business systems, managing digital risks, and supporting secure technology adoption. As businesses introduce new technologies, their requirements for both AI and cybersecurity capabilities may become more complex. What should businesses do? Employers should consider a combination of strategies to address specialist skills gaps. Prioritise critical capabilities. Identify which technical skills are essential for delivering business objectives and which can be developed internally. Invest in workforce development. Upskilling existing employees can complement external recruitment and help businesses build longer-term capability. Consider specialist contractors. Contract professionals may provide access to technical expertise for specific projects or transformation initiatives. Streamline hiring decisions. A lengthy recruitment process can create unnecessary obstacles when trying to secure highly specialised professionals. The objective should not simply be to fill vacancies, but to build the capabilities needed to support sustainable business growth. 4. What Are Australian Businesses Paying for AI Contractors? As demand for AI expertise continues, organisations are increasingly considering specialist contractors to support technology projects. The Hays IT Contractor Rates Guide FY26/27 provides insight into the upper end of daily rates for selected AI roles. AI Specialist Role Daily Contract Rate (Up To) AI Engineer $1,360 per day AI Solutions Architect $1,640 per day Chief AI Officer $2,300 per day Figures are reported in the source material as daily rates and represent upper-end benchmarks rather than standard rates for every engagement. The same source indicates that 60% of employers use contractors to access specialist skills. Why are companies turning to contractors? Contracting can offer businesses greater flexibility when specialist expertise is required for a defined period. For example, an organisation implementing an AI solution may need an experienced AI Solutions Architect during the design and deployment stages without necessarily requiring that capability as a permanent position. 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Whether your organisation is looking for specialist AI expertise, cybersecurity professionals, experienced technology contractors, or permanent IT talent, our team can help you navigate the recruitment market and identify suitable candidates. We work with Australian businesses to understand their workforce requirements and connect them with professionals who can support their technology goals.  Want the Full Picture? For deeper insights into Australia's technology recruitment landscape, including hiring trends and specialist talent considerations, request a copy of our CEO Insights Report. Contact Danny Normington CEO, Firesoft People Email: dannynormington@firesoftpeople.com Phone: 0406 837 638 Firesoft People — Connecting businesses with the technology talent they need.
By Shazamme System User • October 21, 2026
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A workplace that values feedback creates stronger relationships between employees and leaders. It encourages collaboration, drives innovation, and builds a sense of shared ownership in organisational success. When people know their voices are heard and their opinions matter, they become more engaged in helping the organisation grow and succeed. The Link Between Feedback and Retention Employee retention is closely connected to engagement, and engagement is heavily influenced by trust. Employees who feel ignored are more likely to disengage and eventually seek opportunities elsewhere. Conversely, employees who feel heard and valued are more likely to remain committed to their organisation. By investing in confidential feedback systems and acting on employee insights, organisations create stronger workplace relationships and foster long-term loyalty. This becomes especially important in a competitive labour market where retaining top talent is often just as important as attracting it.
By Shazamme System User • October 14, 2026
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