News
The finalists for the Veuve Clicquot Business Woman Award 2009 have been announced. The four women in the running to win the award are: Mandy Foley-Quin, CEO, Stedmans Hospitality Nicole Hollows, CEO and MD, Macarthur Coal Elizabeth Lewis-Gray, MD, Gekko Systems Naomi Simpson, Founder and CEO, Red Balloon The winner of the Veuve Cliquot Business […]
Nominations and entries are now open for the 2009 Telstra Business Awards which recognises the achievements of small and medium enterprises (SMEs). Telstra is expecting a strong interest in the awards this year with tougher economic conditions forcing businesses to be a bit more creative and innovative in their marketing strategies, along with looking for […]
The latest results from the quarterly Clarius Skills Index have predicted that if unemployment continues to rise there will be an oversupply of between 35,000 and 50,000 skilled workers in Australia by 2010. The Index indicates that skills shortages across most industries peaked in the December 2008 quarter and were likely to fall over the […]
In a clear response to the economic downturn, tougher rules have been implemented for employers of overseas workers. The tougher assessment criteria will mean that employers will have to meet a number of criteria when applying for sponsorships, nominations or visas for their workers. The criteria includes: How the position to be filled by an […]
According to a global study conducted by TNS, the global financial crisis has baby boomers running scared, with 44 percent of Australia boomers hinting they will have to postpone their retirement. The study looked at how the global financial crisis is affecting consumers in five key countries – the UK, France, Germany, the US and […]
With the sacking of 1850 Pacific Brands workers, the manufacturing industry is suffering and small businesses are the worst affected according to trade and industry consultant Martin Feil. According to Feil, federal and state manufacturing policy should place more emphasis on small business, as its current focus is on big business. “We’ve got hundreds of […]
Critics have labelled the payouts of Telstra CEO Sol Trujillo and Pacific Brands chief executive Sue Morphet as ‘greedy’ ‘obscene’ and a ‘corporate crime.’ After announcing he would leave Telstra in June, Sol Trujillo has received a $30 million golden handshake, despite the sacking of thousands in his time at the top. This follows news […]
At the Jobs Summit in Sydney yesterday, retailers called on the NSW Government to do more to support jobs during the economic downturn and reduce business costs. They prepared a ‘wish list’ which included full deregulation of trading hours, reducing red tape and dedicating 15 percent of the recently announced 175,000 traineeship places for the […]
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The Australian National Retailers Association (ANRA) has advocated a plan to cut payroll tax, with the possibility of saving cash strapped employers upwards of 55,000 jobs. The plan by the ANRA would see the burden of payroll tax on jobs cut by almost 25 percent, with the cost of this tax relief shared equally between […]
As banks are increasingly tightening credit, Australia’s largest non-bank provider of cash flow finance, Scottish Pacific Benchmark (SPB) is offering finance for small businesses who may be struggling to find the working capital they need. With more than $50 million available to new clients, SPB’s cash flow finance allows small businesses to draw down against […]
Business industry expert Taine Moufarrige has predicted that the “nimbleness” of small and medium sized businesses will enable them to flourish in 2009 and pull Australia out of recession. This comes off the back of news that Servcorp, the world’s finest serviced office and business solutions company, has posted positive half year results, with a […]
First maternity leave, now the Federal Government’s emissions trading (ETS) is under threat with business association the Australian Industry Group (AIG) calling for postponement of the scheme to 2012. AIG chief executive Heather Ridout says businesses need more time to prepare, and due to the economic climate, it may be less feasible to implement the […]
Calls from unions to ‘Buy Australia’ to stem job losses and save what’s left, has been dismissed by industry groups, claiming it won’t stop jobs from being cut. The Textile, Clothing and Footwear Union has urged the Federal Government to guarantee redundant workers full entitlements and suggested that people buy Australian goods to support local […]
On the back of news that Pacific Brands will axe 1,850 jobs, phone companies Nokia and Vodafone and property developer Lend Lease have announced plans to shelve thousands of jobs, the latest companies to fall victim to the economic crisis. Lend Lease yesterday announced plans to cut 2,000 jobs worldwide, with 20 percent of the […]
Department of Family and Community Services head Jeff Harmer will submit a review this week, with an expected recommendation to increase the single aged pension by up to $35 a week. The estimated cost to the government will be $2 billion a year for every $10 a week increase. The Productivity Commission’s final report on […]
New research by CareerOne.com.au suggests that the conventional two-tier model of active vs. passive job hunters is now out of date. The research, contained in CareerOne’s report Hunting The (Hidden) Hunters – A New Approach To Activating Australia’s Latent Job Hunters, introduces the C1-7 model, a new seven-segment needs-based model. The research has implications for […]
Despite uncertainty about economic conditions, individuals surveyed from higher income households in Australia view 2009 as a good year for investing, according to the Visa Spending Patterns and Perspectives of High Income Households Survey. The majority of respondents appeared to be looking beyond the financial turmoil with 60 percent saying they were likely to set […]
Remote access and support experts LogMeIn, have expanded into Australia and New Zealand with the opening of a Sydney office, the company’s first in Asia Pacific. LogMeIn has seen significant adoption of its remote access solutions in the region and is investing to further support the company’s existing customers and drive new adoption among consumers, […]
Despite the tough economic conditions experienced by many SMEs across the country, Victorian businesses proved resilient in the last quarter of 2008. The state fought off the downward pressures to be one of the best performing states in the NAB SME Survey Australia – December 2008. The latest results show NAB’s business conditions index for […]
