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.
Law Council of Australia Reviews the BEAR’s Role in Australia
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.
Productivity and Progress in Australia – Setting the Scene
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.
The Dilemma with Incentive Structures
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
Australian Companies Lack Asian Skills
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.
CEO Pay in ASX 200 Companies
The Australian Council of Superannuation Investors (ACSI) once more commissioned Ownership Matters to undertake a thorough review of CEO reward among the ASX 200.
BEAR Regime Continues to Raise Concerns in Financial Services Sector
The Banking Executive Accountability Regime (BEAR) has made banks and businesses cautious and concerned. Banks have echoed a warning that BEAR threatens the clarity of roles between APRA and ASIC, and also creates potential upheaval with insurance and superannuation funds, as BEAR could be broadly applied to such organisations.
The Agenda – September 2017
In this month’s agenda, we address a breadth of issues which have arisen from research and/or have received Media attention. They include recent comment on modest wages growth, improved gender balance on Boards, comment on whether the nation’s workforce and millennials are being prepared for significant technological change and transformation in the work place.
Reputation – a key KMP KPI?
Reputation is said to be hard won and easily lost. When reputation is damaged in a corporate environment, scrutiny by regulators and shareholders, particularly when it impacts on the bottom line and/or market value, will often increase.
Call for IR Reform
Former Resources Minister and former Australian Council of Trade Unions President, Martin Ferguson, is pushing for a new round of Industrial Relations (IR) reform. The demand is for the right of workers to opt out of collective agreements and move to individual agreements. Further, the call is for restrictions on legal strikes, and a higher bar to prove unlawful employer actions.