Industry bargaining is on the Jobs Summit agenda, but it would affect small and big business differently
The trade union movement’s push to reform Australia’s enterprise bargaining system looks set to be a major issue at this week’s Jobs and Skills Summit.
Advertised salaries now outpacing official wage growth data, new SEEK report says, as hirers scramble for talent
Advertised starting salaries are 4.1% higher on average than those offered in July 2021, a new SEEK report says, suggesting wages offered to fresh hires are rising faster than pay packets for existing workers.
Why upskilling is the best way to lift wages in Australia
Although skills, training and migration are listed as key topics for the Jobs Summit, the Treasury’s issues paper focuses almost entirely on industrial relations in its discussion of how best to boost wages.
COSBOA to consider ACTU’s sector-wide bargaining proposal as big business baulks
Australia's peak body for small business groups will not immediately discount an Australian Council of Trade Unions proposal to introduce sector-wide enterprise bargaining.
Real wages in Australia fall by fastest rate on record ahead of Jobs Summit
Australian households are suffering under the sharpest decline in purchasing power on record as “sluggish” wages growth continues to lag behind skyrocketing prices for everyday essentials.
Small businesses are finding it harder to build employee numbers than big business, Employment Hero data shows
New data has outlined how the labour shortage and cost pressures are impacting employers nationwide.
COSBOA says Labor’s jobs and skills summit is no “stunt” as Dutton, Littleproud split over attendance
The Opposition Leader publicly turned down an invitation to the Jobs Summit, claiming the summit would be compromised by government favouritism towards union policy suggestions.
“Costs have soared”: With cooking oil prices up nearly 70%, inflation is grilling Australia’s burger joints
With inflation soaring, fast food vendors aren't safe from economic pressures — and the humble burger may be one of the clearest indications of how sharply costs are rising.
Chalmers’ gloomy economic update proves need for action on skills and productivity, industry groups say
Australian industry groups have urged the federal government to ramp up efforts to boost productivity after Treasurer Jim Chalmers delivered a bruising update to the nation's economic outlook.
A recession isn’t “imminent”, US Treasury chief says, as the Australian market watches on
There is no guarantee America will lean into a recession, the nation's Treasury Secretary Janet Yellen says, as spiking inflation and dwindling consumer confidence stoke fears of a broad-scale downturn.
Interest rate rises: What’s happening, and what could be next?
If you want to know what the Reserve Bank will be watching to work out how fast to slam on the economic brakes, here's a helpful guide.
Chalmers says falling wages, inflation and interest rates the key concerns for Treasury
Jim Chalmers has spent three days with Treasury secretary Dr Steven Kennedy poring over the so-called ‘red book’ brief to discuss the economic lay of the land.
