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Employability Training to Become Mandatory for Young Adults

young people

Unemployed young people on the dole will have to participate in compulsory “employability” training as part of the federal government’s youth employment plan.

People under the age of 25 could get a $200 top up to their fortnightly welfare payment if they choose to participate in a business-led internship program.

Its a 3 stage program beginning with 6 weeks of skills training.

Employers will get $1000 for giving unemployed youths work experience and help them a “foot in the door”.

The program would have to be completed within five months of receiving the dole.

Source: https://au.finance.yahoo.com/news/employability-training-compulsory-050713375.html



Accountants Called in to Train Next Gen Private Equity Leaders

trainingAn accounting firm has reached an agreement with the Australian Private Equity and Venture Capital Association (AVCAL) to train future venture capitalists.

Through the partnership, the accounting company Crowe Horwath agreed to provide foundation level private equity education to AVCAL members. The ‘Private Equity 101’ program has been described as critical to the industry.

In an article on MoneyManagement.com.au the importance of the program was discussed, preparing the next generation of leaders for the industry also helping them foster strong networks for the duration of their career.

Find out more at http://www.moneymanagement.com.au/news/accounting/accountants-called-train-next-gen-private-equity-leaders



High Wage Increase no Good for Australian Youth, ACCI Warns

min wageThe 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.

Find out more at https://au.finance.yahoo.com/news/wage-increase-no-good-youth-011951097.html



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



How to Answer The Most Awkward Interview Question

moneySo you completed your financial training and landed an interview at your dream job, but you’re still not sure what to expect.

If it’s your first interview you’re probably a little more nervous, but even seasoned interviewees dread that one awkward question that your interviewer is sure to ask, “What are your salary expectations?”.

Most people don’t know whether to be honest, aim to high or aim lower or simply don’t answer at all.

According to people in senior positions, it’s important that interviewees are realistic about what they ask for. See more at http://www.news.com.au/finance/work/careers/how-to-tackle-the-awkward-but-crucial-salary-expectation-question-in-job-interviews/news-story/5493ad8eef959730c47ff9523e6735e3



Research Shows Australian Women More Stressed Out about Money

moneyNew research shows that young Australian women in 2016 are more anxious and stressed and most of their woes are due to money problems.

Reports commissioned recently by 2 major banks show that young women aged 18 to 29 were “by far the most anxious” Australians. A key contributor to this anxiety are financial worries.

According to the report commissioned by Westpac, women’s salaries peak at age 31 while men’s peaked at 39, so there is little hope of the future getting better for females in Australia.

Read more at http://www.news.com.au/finance/economy/australian-economy/australian-women-are-stressed-about-money-and-with-good-reason/news-story/0cc76672ab6e04ae9e147eb8d1343a62



We Need More Gender Diversification in Top Finance Jobs

moneyThere 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.
Read more: http://www.afr.com/news/gender-diversity-in-top-australian-finance-roles-lagging-world-20160301-gn7krq#ixzz42Fv2IOA4 




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