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Federal Government Considering Audit of Training Providers

moneyThe federal government is considering an audit of training providers to crack down on rorting of the $1.6 billion VET FEE-HELP loans scheme by inflating course fees.

Evidence recently emerged of pricing disparity between fee-for-service and VET FEE HELP courses offered by a number of RTOs (Registered Training Organisations) in the country.

Taxpayers are having to fork out up to 400 per cent premiums to foot the bill to training companies with government loans, with many of them never being repaid.

Since the deregulation of the VET FEE-HELP scheme, we’ve seen a huge increase in for-profit, private education providers as well as a decline in quality across the industry. Completion rates for students are terrible with around 7 per cent completing their course.

Source: http://www.news.com.au



Could Finance Field Attract the Most Psychopaths ?

ceoSomeone 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.

Source: https://au.finance.yahoo.com/news/10-professions-which-attract-the-most-psychopaths-034144524.html



Study Reveals Sexism Common in Financial Sector

women moneyAccording 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.

Read more: http://www.smh.com.au/nsw/une-study-finds-sexism-rife-in-financial-sector-20160312-gnhlps.html#ixzz430oIit62 

 

 



Are We Heading for 2008-Like World Crisis?

worldThere 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.



Finance News You Need to Hear

dollarsIf you’re interested in a career in finance, you may want to start keeping abreast of financial news. Here’s what you should know today about global business and finance from News.com.au

  1. The Australian dollar is down against the greenback with the Aus$ trading at 71.36 US cents, down from 72.20 US cents on Friday.
  2. The former Bank of England governor warns another financial crisis is coming soon and for certain.
  3. World economies agree to look beyond low interest rates and money printing to rescue the global economy.

For all 10 global economy updates go to: http://www.news.com.au/finance/markets/finance-news-you-need-to-know-today/news-story/96cf3594a8f9ffd9be3027d1d907fb8e



E-Learning for Millenials Goes Mobile

elearning mobileThe growth in e-learning has spread to mobile phones, with the advent of the smart phone.

According to the latest “Global E-Learning Market Outlook (2015-2022)” report, global e-learning was estimated at  $ 165.36 billion in 2014 and is expected to grow to $243.8 billion by 2022.

Some of the factors that are contributing to this market growth are more flexible learning, lower costs, easier access, growth in number of internet users and growing access via mobile phones.

Although the United States are leading in sales of e-learning products, followed by Asia, Australia has also taken to this growing trend quickly with thousands of people opting for online training rather than traditional face to face education.

Read more: http://www.digitaljournal.com/pr/2830613#ixzz41NWqy7hu




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