The Australian Chamber of Commerce and Industry (ACCI) has urged the Fair Work Commission to increase the minimum wage by no more than 1.2 per cent or $7.90 per week which would make the minimum weekly wage $664.80.
Thousands of unemployed Australians, most of them young people will be disadvantaged if the minimum wage is raised too high, the ACCI explained.
The peak body has called for a more “job-friendly” approach to the minimum wage to avoid impeding access to jobs or training opportunities.
Youth unemployment is at 12.2 per cent, which is twice the national unemployment rate of 5.8 per cent.
The Fair Work Commission’s decision on the new minimum wage will come into effect from July 1.
Someone sat down and researched which profession actually attracts the most psychopaths and its CEOs followed by lawyers.
Although psychopaths make up only 1 per cent of the population, they appear to be most common at higher levels of corporate organisations particularly in positions where their actions can have a ripple effect.
The Hare psychopath checklist, developed in the seventies, says psychopaths are identifiable by their lack of remorse for destructive acts and lack of empathy. They also tend to be impulsive, manipulative and sexually promiscuous.
They are likely to be found in places where they can asset their dominance such as in the courtroom or the operating theatre. They are often CEOs, salespeople and media personalities.
According to a new study of accounting firms, gender discrimination is rife in the financial sector, with women often passed over for promotions based on their gender.
The study was conducted by the University of New England’s business school and found that females were perceived as unreliable because of their family commitments.
Male heads of companies in the sector often showed concern that child-rearing may result in disruption so they prefer to promote men over women.
There aren’t enough women in Australia’s financial industry, particularly in top jobs, according to new research.
Recent research highlights that Australia’s top 100 companies employ about half the number of female chief financial officers than their international counterparts do.
There is still a gender disparity according to the new research. While women hold just as many jobs in the accounting and finance industry workforce as men, they aren’t holding the top positions.
According to research there were 6 female chief financial officers at Australia’s 100 biggest listed companies in February compared with 11 in the 100 largest companies globally.
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There are major concerns that we are heading back into a 2008-esk global financial crisis, if we aren’t already there, so this article on TheGuardian.com is particularly interesting.
The good news is that experts’ answer to this is a resounding “no”, however the recent global financial market turmoil is more serious now with a number of issues fuelling concerns.
Volatility is being fuelled by the Eurozone crisis, the Federal Reserve “taper tantrum,” a possible Greek exit from the eurozone and decline of the Chinese market.
Find out more here.