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NSW public sector workers will see their case to maintain a yearly 2.5 per cent wage increase taken to the Industrial Relations Commission after the upper house blocked the government from wielding such power.

Write comment (1 Comment) " ["fulltext"]=> string(2345) "

Calling it a “sad day”, state treasurer Dominic Perrottet said Labor and the cross-bench had shown “little regard” for the “thousands lining up outside Centrelink and approaching charities for food hampers because they can no longer afford to put food on the table”.

More than 400,000 workers would be affected by the pay freeze — those under around 70 public sector awards — including frontline nurses, paramedics, police officers and public transport workers who have played a key role as “essential workers” through the pandemic.

“At a time when there are hundreds of thousands of people out of work, the creation of new jobs must be our top priority, not giving those with job security a pay rise,” Treasurer Perrottet said.

The voting down of the freeze followed the offer of a $1,000 bonus to frontline workers and a 12-month job guarantee.

Shadow treasurer Walt Secord called the government’s move a “bit of a Sophie’s choice” in parliament.

Highlighting how the government had offered affected workers a $1,000 payment if they approved the wage freeze, Mr Secord said that when that negotiation failed, “she threatens them — and she says, ‘If you don’t take that $1,000 and you don’t take the pay cut, we’ll sack you’.

“But this is about priorities.

“She should be stimulating the economy, [and] getting cash flowing.”

According to Mr Perrottet, “this hasn’t been an easy decision, but it is fair and it’s the right decision right now”.

Premier Gladys Berejiklian had previously said that “the only way NSW will come out of this crisis in a strong position is if we all make sacrifices, and that’s what we’re asking our own workforce to do because we are all in this together”.

Celebrating the “big win” after moving to disallow the wage freeze, leader of the opposition Jodi McKay said in a tweet that “the wage cut for more than 400,000 workers has been rejected by parties across the spectrum, representing left, right, city and country”.

“For the Berejiklian government to press on would be in defiance of the NSW Parliament and all accepted economic wisdom,” she stated.

“When workers earn more money, they spend more money.”

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NSW public sector workers will see their case to maintain a yearly 2.5 per cent wage increase taken to the Industrial Relations Commission after the upper house blocked the government from wielding such power.

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As Australia emerges from the COVID-19 crisis, there are a number of jobs that are either in demand like never before or emerging that will be instrumental in shaping the future workforce.

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The ING Future Focus Report has revealed that 3.3 million Australians are rethinking their chosen employment in the wake of the COVID-19 crisis. 

Futurist Anders Sörman-Nilsson, who worked with ING on the report, commented that “pandemics have a history of spawning cultural and labour transformation”.

“Just as the Spanish flu and the Black Plague shifted ways of working, COVID-19 will lead to an even closer relationship with technology, with the rise of machine learning, artificial intelligence and robotics,” Mr Sörman-Nilsson said.

“Not only are there thriving new industries to take advantage of, but Aussies can transfer their current skills, learn new ways of working and adapt to the current climate.”

Here are the top 10 jobs that are both emerging and will be in demand in a country dealing with the after-affects of COVID-19:

1. Medical tele-storyteller

Social distancing requirements have meant an almost instantaneous rise in telemedicine delivery that has also reduced the number of non-essential physical appointments.

“As digital permeates every part of medical care and we start using genomic data, there will be a need for medical practitioners who are not only digitally literate, but who can also convey data in story and via humane ‘webside manners’.”

2. Financial coach

A new generation of financial coaches that are able to teach financial literacy and provide scalable advice will come onto the scene, with one of COVID-19’s major teachings being the need to prepare for a rainy day, the report said.

3. Black swan risk manager

According to ING, few organisations were prepared for COVID-19’s impact on the economy because very few had “deeply entertained” the idea of a pandemic shutdown — but this mistake won’t ever happen again.

4. Agricultural technologist

While booming pre-COVID-19, digital technologies will continue to shape every part of the food chain, the report revealed, especially as consumers move to consideration of food miles and “going ‘beyond meat’”.

5. Sustainability consultant

During COVID-19, the planet has awoken to science and data-based trends, the report stated, as well as considered how “the looming threat of disastrous climate change requires both in-house and independent sustainability consultants to help shape strategic investments”.

6. Industrial robotics engineer

In the future, factories will need less people and more cobots — or collaborative robots.

Cobots will interact with advanced engineers who are responsible for designing and managing whole fleets of artificial resources.

7. Executive creativity coach

The second renaissance will place a premium on creativity, according to the report.

“Just as executive coaches have focused on boosting leaders’ EQ (emotional quotient), they will now be helping boost their CQ (creative quotient).”

8. Cyber security defender

With new technologies now entering the home and a growing Internet of Things, ING said corporate security gaps will begin to emerge.

“Cyber security defenders are needed more than ever before.”

9. Digital literacy coach

The migration online, for social reasons and for work, will also bring with it an increased need for coaches and course designers who can mentor people the world over through such a move.

10. Nurse

Considered by ING to be both a “timeless and timely” profession, the report expects nursing to increasingly attract male workers and improve the gender balance.

This has been helped, in part, by the “great admiration for being on the frontlines during the crisis”.

The report, aimed at “preparing for the digital workforce of tomorrow”, also revealed the top 10 growing industries in Australia. These are:

1. Biotech, pharmaceutical and life sciences
2. Cyber security
3. Healthcare
4. Robotics
5. Agriculture
6. Renewable energy
7. Sustainability and wellness
8. Grocery deliver
9. EdTech
10. Digital entertainment

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As Australia emerges from the COVID-19 crisis, there are a number of jobs that are either in demand like never before or emerging that will be instrumental in shaping the future workforce.

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The Morrison government’s sudden cash windfall following JobKeeper being overvalued by $60 billion has resulted in leading advocacy groups calling for its expansion.

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The Treasury has now revised the cost of the JobKeeper program from $130 billion to around $70 billion, and now expects 3.5 million employees to be covered, instead of the initial 6.5 million estimates.

The latest updated figures show that 910,055 businesses have enrolled in the program, with $8.7 billion paid out to 759,654 businesses, covering around 2.9 million employees.

The government’s $60 billion JobKeeper “reporting error” has advocacy groups such as GetUp saying the windfall should be used to support casual workers and people on temporary visas who have previously missed out on vital income support.

GetUp’s national director, Paul Oosting, highlighted the government should use this opportunity and, instead of cutting JobKeeper, expand it as “the funds are literally all there”.

“JobKeeper was proof that the money for social spending was always there,” he said.

“There’s no justification to cut these vital funds that are keeping food on the table for families across the country.”

The advocacy group highlighted how families who are facing homelessness due to COVID-19 job losses are turning to generosity of others instead of government support to get through the crisis. 

“This has been one of the government’s biggest policy failures in this pandemic; now they have the opportunity to step up and do the right thing,” Mr Oosting said. 

“If Scott Morrison doesn’t use this opportunity to extend JobKeeper to casual workers and people on temporary visas, then he cannot say it’s because of the cost.”

While unions, the arts and entertainment industry and the heavily hit tourism sector all fight to get their hands on some of JobKeeper’s leftover cash, key ministers all but ruled out expanding the program.

Treasurer Josh Frydenberg has no plans to make wholesale changes to the current JobKeeper scheme.

However, the Australian Treasurer has noted the unspent money could be used to help the tourism industry beyond the six months for tourism, to help the sector get back on its feet.

The program, which was designed to keep people connected to workplaces that were decimated by the COVID-19 outbreak, is set for  review in the coming months.

“The tourism sector could be one sector in need of further support,” Mr Frydenberg told the media. “That’s what we’ll look at in the context of the economic situation at the time.”

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The Morrison government’s sudden cash windfall following JobKeeper being overvalued by $60 billion has resulted in leading advocacy groups calling for its expansion.

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The latest government figures show Australia is heading towards an underemployment crisis, with a leading researcher stating we can’t afford to “snap back” when people are struggling to find full-time employment.

Write comment (1 Comment) " ["fulltext"]=> string(3010) "

According to a research paper from Per Capita, underemployment is costing the Australian economy as much as $24 billion due to lost wages, which would create $4.3 billion in income tax receipts.

“Underemployment has become one of the greatest drags on our economy, stifling wages and consumption, fuelling the productivity crisis, and ruining careers,” said research economist Matthew Lloyd-Cape, the paper’s author. 

“We simply cannot afford to snap back to an economy where over a million workers cannot find enough hours.

“Tackling underemployment must be placed front and centre of the post-COVID economic reconstruction.”

National figures released by the Australian Bureau of Statistics (ABS) showed underemployment increased by 50 per cent, with 15 per cent of the Australia’s workforce now underemployed.

This leaves Australia’s labour force underutilisation rate at 19.9 per cent.

However, while the economic shutdown caused by COVID-19 has exacerbated the problem, over the last five years, Australia’s underemployment rate has been among the highest in the OECD. 

This is leading to negative outcomes, with significant damage to livelihood and long-term economic outcomes for Australian workers being highlighted. 

“For individual workers, eliminating underemployment would see a significant increase in their standard of living,” Mr Lloyd-Cape said. “For example, for already underpaid workers in the healthcare sector, wages forgone due to underemployment could be as much as $25,503 per year.”

The current COVID-19 slowdown also has the potential to cause “economic scarring”, the research paper said. 

“Recessions typically cause deep scarring: for example, the incomes of low-income earners in the USA fell by 20 per cent during the 1980–82 recession and did not return to their pre-recession level until the late 1990s,” the report read.

Economic scarring not only affects employment status, incomes and economic security, it has significant implications for health and wellbeing.

“Levels of mental ill health increase during recessions, and mental health problems persist for workers who emerge from a recession with long-term reduced hours and income,” Mr Lloyd-Cape concluded.

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The latest government figures show Australia is heading towards an underemployment crisis, with a leading researcher stating we can’t afford to “snap back” when people are struggling to find full-time employment.

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With new home building set to fall by almost 50 per cent, half a million construction jobs will be at risk over the next year, according to an industry association.

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The Housing Industry Association (HIA) has flagged how COVID-19’s shock to the economy will reverberate through to at least 2021, with a heavy impact to be felt in the building industry.

HIA managing director Graham Wolfe has flagged how in 2018-19, the industry engaged more than 1 million workers to commence building almost 200,000 new homes.

“Next year we expect to start just 112,000 new homes, leaving up to 500,000 jobs at risk,” he forecast.

“The shock to the economy from the halting of overseas migration, the absence of student arrivals and uncertainty over the domestic economy will see the market at a lower point in December 2020 than it was during the 1990s recession.”

Mr Wolfe said the industry expects a continuing decline through 2021, even with the return of overseas students and migration.

With employment in the sector not expected to recover within the next two years, he highlighted how the shock will “reverberate through the residential building industry, up and down the supply chain”.

Noting that for the past 20 years Australia’s economic growth has been underscored by stable population growth, Mr Wolfe noted that the loss of the international students and migration has created a temporary imbalance in demand for rental accommodation.

“The 625,000 overseas students enrolled in Australian education institutions equates to demand for the past two years of apartment construction,” he said, noting that it’s also not clear how many of these left in March or how many will return.

According to the managing director, “The nature of this shock requires significant and ongoing support from policymakers in Australia and among our trading partners.”

“The risk that insufficient support will produce a decade of deflation, depression and human hardship is present.”

“This means that of all the concerns facing government right now, debt should not be at the top of the list.

He said that while JobKeeper plays a very important role in supporting workers directly impacted by industry shutdowns, the building industry’s ability to continue operating insofar means many small builders will not be eligible for the program.

But Mr Wolfe expects the downturn will impact the sector most significantly from September 2020 when the majority of projects under construction are completed.

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With new home building set to fall by almost 50 per cent, half a million construction jobs will be at risk over the next year, according to an industry association.

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There has been a recent upswing in the optimism of the Australian workforce despite Treasury’s concession that the real national unemployment rate is pushing 9.6 per cent.

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The latest data from LinkedIn’s Workforce Confidence Index has revealed an uptick in overall confidence to the beginning of May that was driven by enhanced optimism around jobs and the general financial outlook of Australia.

The analysis comes alongside Treasury’s revelation to the Senate committee on COVID-19 that April’s unemployment figures were much higher than ABS statistics actually showed. 

Country manager for LinkedIn Australia and New Zealand Matt Tindale said that with many Australians undergoing job loss, “it’s promising to see that confidence levels have started to trend upward in line with the government’s cautious exit from lockdowns”.

According to LinkedIn, not only is the confidence of Australian professionals improving, but employees think working from home is a “viable” option, with 65 per cent of workers considering they can be effective when remote working.

Weighing in on the finding, Mr Tindale said that such a quick shift and increase in online working “may have long-term impacts on the way Australians structure their work and home lives, as many may now be looking to continue with the added flexibility and look for alternative options to their traditional office employment”.

The effectiveness of online remote-style work isn’t just limited to the individual, with 58 per cent of respondents also expressing the belief that their industry as a whole is effective when working from home.

Perhaps surprisingly, finance professionals, regardless of specific industry, are currently signifying the most confidence across all job types surveyed in Australia, making them the most optimistic industry in the market – at a confidence level of +38 on a scale from -100 to +100.

This is followed by professionals in the engineering (+24) and IT (+23) sectors.

At a seniority level, LinkedIn also revealed that those with more senior titles are feeling more confident about their careers, especially those with director-level titles and above. Despite this, 65 per cent of director-level employees or above think they will have less job opportunities available to them in the future.

Sector-wise, small businesses have displayed the greatest increase in confidence – not only has workplace confidence at a business level increased the most when compared to mid-market and enterprise, but small businesses are also displaying the most optimism about the next six months in business.

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There has been a recent upswing in the optimism of the Australian workforce despite Treasury’s concession that the real national unemployment rate is pushing 9.6 per cent.

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