With unemployment dropping, and the Aussie dollar climbing, Australians are becoming more optimistic about the future, with a recent report conducted by Eye On Australia indicating 63 percent are satisfied with the economic situation. The report released by marketing communications agency Grey, has shown that despite 60 percent of respondents believing the economic situation will […]
Victorian businesses are set to suffer more payroll tax pain, after the Victorian Government announced plans in the budget to increase payroll tax to nearly 20 percent over the next four years, despite rising unemployment. The increase will see the payroll tax amount increase from $4.08 billion to $4.73 billion, despite the fact that unemployment […]
Research conducted by recruitment specialists Robert Walters has shown that professional workers are turning to the public sector as the more desirable working environment over the private sector. In an online web poll, professionals from over 17 countries were asked whether they would consider moving from private to public sector employment. Globally, of 2,785 respondents, […]
While the global economy has slowed substantially in the past couple of months, The Westfield Group has remained strong, reporting on the completion of nine major developments at a cost of $5.6 billion. While chairman of Westfield Frank Lowy acknowledges that they are not immune to the crisis, the group planned ahead, repositioning the company […]
The recession has never been a better time to innovate; something Management Consultancy International have taken on board, beating a strong line up of large training businesses to win the highly coveted Australian Institute of Training & Development, Excellence in Australian Leaning Innovation Award. As a small company, Managing Director Denise Meyerson felt they were […]
In some surprise and welcome news, the unemployment rate fell from 5.7 percent to 5.4 percent in April. Economists have long been predicting the unemployment rate will continue to rise over the next year, reaching as high as 7 percent by 2010. However, data from the Australian Bureau of Statistics shows total employment increased by […]
Westpac has predicted that the housing sector will help to strengthen the Australian economy and pull it out of recession. The housing sector has shown signs of resilience in a slowing economy, aided by first home buyers flooding into the market, off the back of low interest rates and government grants. The bank is predicting […]
The Australian Greens have expressed their concern that the upcoming budget will not deliver enough help and support to the disadvantaged. The Greens believe that Kevin Rudd’s “robbing the rich to pay the poor”, aided by plans to tax the rich in order to fund pension increases line was a farce, with the people who […]
The Federal Government is expected shake-up to the private health industry in next week’s budget, slashing the 30 percent private health insurance rebate for middle and high income earners. According to reports in The Australian, single people earning more than $74,000 a year and couples on more than $150,000 a year will see their insurance […]
The global financial crisis has financial institutions running scared and looking to conduct a thorough overhaul of their risk management procedures, according to a global study conducted by Economist Intelligence Unit on behalf of SAS. The global survey of 334 financial services executives revealed only 33 percent believe their principles of risk management in financial […]
