2024 Agribusiness HR Review: Insights into Workforce Trends and Challenges
Press Release August 2024
Rimfire Resources Unveils 2024 Agribusiness HR Review: Insights into Workforce Trends and Challenges
Melbourne, Australia – 12/08/2024– Rimfire Resources proudly announces the release of the 2024 Agribusiness HR Review, marking its 22nd edition and offering a detailed examination of the current state of Australia’s agribusiness workforce. The comprehensive report provides crucial insights into industry trends, remuneration, workforce operations, recruitment, diversity and more.
Highlights from the 2024 Agribusiness HR Review:
- Market Growth Amidst Challenges: Despite forecasts of a 14% decline in the gross value of agricultural production, Australia’s agribusiness sector saw growth due to strong global demand, favourable weather conditions, and technological advances. The sector’s annual gross value reached $82 billion, with a forecasted 2% increase for the coming year.
- Workforce Trends: The demand for agribusiness workers has slowed in 2024, partly due to rising global inflation and increased local employment costs. However, job vacancies remain significantly higher than pre-pandemic levels.
- Remuneration Insights: Agribusinesses have increased salaries over the past year. While this represents a slight decrease from 2023, significant salary increases were noted in primary production roles, reflecting high demand for talent in this area.
- Bonuses and Benefits: The majority of agribusinesses have implemented structured performance reward plans, with over two thirds having such programs in place. Discretionary bonuses have decreased, indicating a shift towards more structured incentive schemes.
- Employee Attrition: The report reveals that around a quarter of agribusinesses experienced 100% voluntary attrition. And, many organizations anticipate increasing their workforce over the next 12 months, despite a general slowdown in hiring.
- Organizational Practices: The review highlights a decline in the percentage of organizations offering paid parental leave.
The 2024 Agribusiness HR Review reflects the resilience and adaptability of Australia’s agribusiness sector, showcasing how organizations are navigating economic pressures and evolving workforce needs. “Our 2024 report underscores the vital role of understanding workforce dynamics in ensuring the growth and sustainability of the agribusiness sector,” said Mick Hay, Managing Director of Rimfire Resources.
The full report is available for purchase from Rimfire Resources, or as part of an ongoing subscription to the Agribusiness Salary Review.
About Rimfire Resources:
Rimfire Resources is a leading provider of HR and recruitment services within the agribusiness sector. With over two decades of experience, Rimfire Resources is committed to delivering insightful research and tailored solutions that drive the success and growth of the agribusiness industry. Learn more at rimfireresources.com.au.
Media Contact: Jessica Roberts (jroberts@rimfireresources.com.au) 0447 306 59

