Since 1994, following the recession conditions of the early 90’s, there has been progressive growth in the size of the Australian employment market. Data released on 16 November 2017 by the ABS reveals that the jobless rate in October has dropped to a five year low.
Submissions to the Senate Economics Legislation Committee Inquiry into the Treasury Laws Amendment (Banking Executive Accountability and Related Measures) Bill 2017 closed on 1 November, with the Committee due to report on 24 November. Twenty submissions were received, including submissions from the Australian Shareholders’ Association, Westpac, ANZ, Australian Bankers’ Associates, Bank of Queensland, Finance Sector Union… Read More
Considerable comment has been made in recent months regarding low wages growth in Australia and the comparative wage setting in many industry sectors and occupations compared to wages in other parts of the world. Recent research by the Productivity Commission and others highlight varying challenges including the age distribution of the nation and its workforce,… Read More
An important role for the Board Remuneration Committee is to establish clarity with executives and shareholders around the primary levers that would support additional remuneration for key achievements during a Financial Year. What has emerged in recent years are concerns expressed by shareholders around the level of annual incentive payments, the performance criteria supporting incentives,… Read More
Australia is lacking in Asian skills, which is holding businesses back. The two main skills that Australia lacks are being fluent in Asian languages and having knowledge of the regions markets.