#Economic Downturn
Coping with economic pressures in Hospitality
In this discussion, Paul Hadida shares his insights on how business owners can tackle some of the most challenging economic questions of our generation.
5 ways to insulate your business in a downturn
If you’re scared that the latest financial shake-up may lead to a second GFC, you’re not alone. Fortunately there are strategies you can employ to run a business in an uncertain economic environment.
22% would quit without having another job to go to
Australian workers are feeling stressed and neglected by their employers as a result of a preoccupation with the economic downturn, a new survey has found.
Staff changes inevitable for business
According to a survey conducted by recruitment agency Hudson, more than half of the Australian employers surveyed indicate an imminent restructure of their business. The Hudson Report: HR Insights revealed that 55 percent of businesses anticipated reorganising their operations this year. Half of those respondents pointed to external economic pressures as the reason for restructure, […]
Online job ads fall
The number of trade jobs advertised online fell in February, according to the Olivier Group. The Olivier Job Index fell by 9.08 percent in February, with the biggest falls coming from the trades, services, transport, engineering, building and construction sectors. Online advertisements for trades and services jobs slumped by 20.33 percent during February, while building […]
Business women less optimistic in downturn
A new survey commissioned by Westpac and conducted by TNS, has found that business women are less optimistic about the economic downturn that their male counterparts. The survey of financial decision makers in small and medium sized businesses found that 60 percent of women are less confident in their ability to successfully manage their business […]
Family friendly cash boost for small business
Workplace Minister Julia Gilliard has launched a $12 million plan offering small business grants of between $5,000 and $15,000 to make their workplace more family friendly. The proposed grants have been designed to help retain staff in the economic downturn, along with boosting productivity and promoting family values in the workplace. Gillard said the grants […]
Small business lack online presence
According to research conducted by WebVisible and Nielsen, reported by Marketing Charts, a large number of small businesses lack a visible online presence. The report indicates that although 63 percent of small business owners turn to the internet first for information, only 44 percent have a website, and half spend less than 10 percent of […]
Tougher rules for overseas workers
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 […]
Retailers urge NSW Government to do more
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 […]
No maternity pay but boost for pensioners
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 […]
Managing your business in tough times
With an economic downturn still being touted just about everywhere, it’s an ideal time to recap on ‘getting back to the basics’ of good business management practice. Cuts in discretionary spending are not the only measure to keep your business running strong. So what steps can you take to improve your business in a tougher business climate?
Businesses turn to online marketing in economic downturn
A new survey released by WebTrends has shown that Australian businesses believe online marketing is a key component to overcoming challenges faced by the economic downturn.
The value of marketing in an economic downturn
There is one outstanding insight driving the proposition that taking a positive approach to marketing in an economic downturn is an opportunity too good to miss: doing so intelligently will lead to a stronger bottom line, as well as increase the profile and credibility of your brand. Just look at successful brands like Apple’s iPod, […]
Inspiration for a creative 2009
With the New Year upon us it is a good time to sit down and take stock of your business and set some goals and resolutions for 2009. How will you communicate with your current and potential customers? What areas of marketing should you be focusing on to get the best return on investment? Despite […]
Selling Australia
Once upon a time it was all about selling beaches, but in light of the economic downturn, Australian tourism now faces more challenging times. Can tourism sell Australia once more? No other industry has a unique selling proposition quite like the tourism industry. Only in Australia can you climb the Sydney Harbour Bridge, hike around […]
What is recession?
Australia has been benefiting from an economic boom for so long that we seem to have forgotten the low plateaus of economic downturn and recession. But does economic downturn necessarily mean recession? The generally accepted definition of recession is a period of negative growth over three successive quarters in an economy. Often tied to gross […]