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Showing 51 - 60 of 783 results for "Wages"

Could a four-day workweek save the day?

CHLOE WALKER  |  TUESDAY, 21 MAR 2023
... Australia, New Zealand," he says. The six-month trials see participating companies agree to a four-day week with no reduction in wages. Already, Quiggin says, most companies have agreed to a permanent change. "Employers have noticed improved staff retention ...

Inflation erodes retiree savings by 7.5%

KARREN VERGARA  |  TUESDAY, 21 MAR 2023
... historical average of 0.6% per quarter since the early 1990s, ASFA chief executive Martin Fahy said. For retirees, falling real wages have meant that the Age Pension payments have not benefitted from adjustments linked to wage increases. "These ongoing ...

US interest rates may go higher than expected: Powell

CASSANDRA BALDINI  |  THURSDAY, 9 MAR 2023
... question yesterday, Powell said "some part" of inflation issue is "very likely" related to the extremely tight labour market. "Wages affect prices and prices affect wages. So, I do think that's part of it," he said. Tuesday's committee meeting ...

Super tax break crackdown to hit $410bn in savings

ANDREW MCKEAN  |  WEDNESDAY, 1 MAR 2023
... offset (LISTO) ceiling to $45,000 a year to ensure low-income workers are not paying more tax on their super than on their wages." Similarly, FSC chief executive Blake Briggs said: "The FSC urges the government to commit to using the revenue raised from ...

Minutes show RBA considered 50bp rise

JAMIE WILLIAMSON  |  TUESDAY, 21 FEB 2023
... stronger. In the February 7 meeting minutes released this morning, the RBA explained that it a pattern of income prices and wages data exceeding expectations, as well as a risk that high inflation would persist, were all arguments for a 50 basis point ...

Financial Circle director convicted, fined

CHLOE WALKER  |  TUESDAY, 21 FEB 2023
... Circle, giving instructions to other employees and officers of the company, including its directors, and dealing with staff, wages and invoices, telemarketing scripts, website content and the sale of client books. At the time of the alleged offending ...

Unemployment rate rises to 3.7%

ANDREW MCKEAN  |  FRIDAY, 17 FEB 2023
... starting to loosen." Bloxham said this is good news for the Reserve Bank of Australia (RBA), as it will take pressure off wages growth and inflation. "Falling employment and a rising unemployment rate would typically be thought of bad news for the economy. ...

I know it's hard, but it could be harder: Lowe

CASSANDRA BALDINI  |  WEDNESDAY, 15 FEB 2023
... hit off it. There's a chance that we can do this; it's not guaranteed but there is a chance," he said. Regarding wages, Lowe added there are risks if salaries are matched with inflation. "One risk would obviously be that people say, 'Inflation ...

Government introduces gender pay gap bill

ANDREW MCKEAN  |  THURSDAY, 9 FEB 2023
... increase the low income super tax offset (LISTO). "Paying the super guarantee on paid parental leave, the same way as we do on wages, is one of the ways we can reduce the impact on retirement savings from time taken out of the workforce to care for children. ...

Downside risk dominates Australia's economic outlook: IMF

ANDREW MCKEAN  |  THURSDAY, 2 FEB 2023
... economic outlook dominate, with uncertainty regarding global growth, commodity prices, and domestic developments surrounding wages, house prices, and tighter monetary conditions. As such, economic growth is expected to slow from 3.6% to 1.6% in 2023 ...