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Showing 51 - 60 of 852 results for "Productivity"

Further tightening of monetary policy may be required: RBA

CASSANDRA BALDINI  |  TUESDAY, 18 JUL 2023
... high inflation, including rent and services prices more broadly," the minutes said. "They also observed that weak productivity was contributing to strong growth in unit labour costs. Furthermore, electricity prices had risen substantially on 1 July ...

CBA staff head to Fair Work over WFH policy

JAMIE WILLIAMSON  |  THURSDAY, 13 JUL 2023
... the office would force them to spend more money on things like commuting and childcare while also impacting their productivity due to the hours lost travelling to and from work. The FSU has been engaging with CBA for several months now, pushing for the ...

Ag sector boosts Australia's productivity

KARREN VERGARA  |  TUESDAY, 11 JUL 2023
A new report from the Productivity Commission finds that the agriculture sector is turbocharging the Australian economy well ahead of other industries, thanks to the favourable weather conditions of recent years. The newly released Productivity Commission ...

Trustees must do better on account consolidation: ASIC

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
... superannuation accounts, a portion of which were people with more than one account with the same fund. According to the Productivity Commission, unnecessary multiple accounts can leave someone over $50,000 worse off in retirement. Following the review ...

Cheques to wind down by 2030: Chalmers

CASSANDRA BALDINI  |  THURSDAY, 8 JUN 2023
... digital payments. "Digitisation and new developments in technology like AI have the potential to unleash a new wave of productivity improvements," he said. "It's why our strategy is about embracing this shift in ways that contribute to strong, sustainable ...

Wage increases to offset more rate hikes: Experts

CASSANDRA BALDINI  |  FRIDAY, 2 JUN 2023
... high inflation expectations by taking a perceived wage indexation approach and also the recent weak performance in productivity growth." The decision came in under the forecasted 7%, however will still add pressure to the current environment. "It's ...

BlackRock orders staff four days in office

KARREN VERGARA  |  FRIDAY, 19 MAY 2023
... will bring our employees back". "We believe this is going to be a key element in bringing down inflation and rising productivity," he told Fox News at the time. Among the local banks, NAB chief executive Ross McEwan recently told 9News that his senior ...

Super funds must prioritise member experience: Consultant

ANDREW MCKEAN  |  WEDNESDAY, 17 MAY 2023
... from big data, funds can cross and up-sell offerings as well as design new initiatives," he said. Meanwhile, the Productivity Commission has warned Australians paying more than 1.5% of their total superannuation balance in fees are likely being hit by ...

Reserve Bank is done at 3.85%: CBA

CASSANDRA BALDINI  |  WEDNESDAY, 17 MAY 2023
... there are near-term risks, that there could mean another rate hike, the RBA is particularly concerned about weak productivity." Wage data also plays a role, with the Australian Bureau of Statistics figures released today showing the seasonally adjusted ...

AustralianSuper mistake spurs call for regulatory intervention

ANDREW MCKEAN  |  MONDAY, 15 MAY 2023
... to regulators, confessing to overcharging current and former members with more than one account. According to the Productivity Commission, unnecessary multiple accounts can leave someone over $50,000 worse off in retirement. The fund is aiming to return ...