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Business News

Job insecurity poses significant challenge for Aussie employers

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more than a quarter of Australian workers (28%) do not feel secure in their jobs - job insecurity

Job insecurity poses significant challenge for Aussie employers

 

ADP

  • New research from leading HCM solutions provider ADP shows that more than a quarter of Australian workers do not feel secure in their jobs
  • Job insecurity is more common amongst the 18-24 year age group
  • Employees in the IT, Telecommunications and Media sectors, feel the most vulnerable
  • More than half (51.3%) of Australian workers don’t think any profession will escape the effects of the current economic climate
  • Employers must tackle job insecurity to address talent retention challenges

More than a quarter of Australian workers (28%) do not feel secure in their jobs, suggesting that employers may need to take more action to reassure staff that they are valuable, reveals the ADP® Research Institute’s People at Work 2023: A Global Workforce View.

Job insecurity is more common among the youngest working generation, with 30% of Australian Gen Z’s (those in the 18-24 year old age bracket) confirming they don’t feel secure in their jobs, compared to 18% of Australian employees over the age of 55.

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One third of Australian Gen Z workers (33%) have also considered changing industries in the past 12 months and 29% are contemplating starting their own business.

The IT, Telecommunications and Media industries posed the highest level of job insecurity, according to the survey. Over half (50%) of Australian IT/Telecommunications employees say they do not feel secure in their jobs, closely followed by 39% of Australian Media/Information employees.

Overall, more than half of Australian workers (51.3%) don’t think any profession will be unaffected by the current economic uncertainty. Almost one in seven Australian workers (14.3%) believe that the use of AI will become the norm in their industry over the next five years, reducing manual tasks – potentially impacting job roles.

more than a quarter of Australian workers (28%) do not feel secure in their jobs

more than a quarter of Australian workers (28%) do not feel secure in their jobs

Kylie Baullo, Managing Director ANZ at ADP, comments: “Given the ongoing cost of living crisis and uncertainties of the current economic landscape, it’s no surprise that many workers are feeling concerned. However, it is important to note that despite these concerns, many companies are very focused on retaining and attracting talent.

“With the potential of AI across industries, it is likely that we will see new roles emerging, presenting promising new opportunities for workers.

“Employers have a role to play in addressing workers’ concerns about job security. Showing employees, they are valued and that their contributions are recognized through training, career progression opportunities, as well as highlighting the positive outlook for the company.

“No two companies are the same. Employers need to have frequent and open conversations with their workers to address any misconceptions and ease unnecessary concerns.  By reassuring workers that their jobs are secure where that’s the case, and highlighting opportunities for growth and development, employers can create a positive workplace culture that helps workers to focus on their job without worrying about the future. This, in turn, can help retain vital skills and experience.

“If employers fail to address workers’ concerns about job security, they risk losing valuable talent, experience and expertise from their teams.”

People at Work 2023: A Global Workforce View explores employees’ attitudes towards the current world of work and what they expect and hope for from the workplace of the future. For more insights, please read the ‘People at Work 2023: A Global Workforce View’ report.

 

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Business News

Crazy Cow comes to Casino

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Crazy Cow Cafe Casino

Crazy Cow comes to Casino

 

By Samantha Elley

If Kristy Gill had her way, she would cook 24 hours a day, seven days a week.

“I used to advertise on Facebook and made cakes for my friends and family,” she said.

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From there, Kristy opened the Riverview Café in Coraki but when the opportunity came up for her to move her business to Casino, she took it.

And Crazy Cow Café was born.

“I figured it was a good name to suit the beef capital,” she laughed.

After a lot of hard work to get the business up and running, Kristy opened her doors on Tuesday last week.

“We do lots of take home meals for people who don’t have time to cook, so they can take them home and put them in the freezer,” Kristy said.

“We do honey chicken, fried rice, home made lasagne, spaghetti bolognese and sausages and veges.”

Crazy Cow Cafe Casino Cupcakes

Crazy Cow Cafe

The café also serves up hamburgers, chicken wraps, salad sandwiches and all the deep fried favourites.

“We will eventually do pizzas as well,” said Kristy.

“We will be looking into gluten free cooking with our cakes and slices and we have lactose free milk for our coffees.

“We try and cater for everyone.”

With her five youngest kids in Casino Public School, only a walk away, Kristy knows she will have no problems with young helpers in the shop after school.

“My five year old has already asked if he can come and help,” she laughed.

“I hope he continues with that same attitude as he gets older.”

The Crazy Cow Café is located at 117 Barker Street, next to the Commonwealth Bank.

 

For more Casino news, click here.

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2022 Floods

Jewellery Design Centre Launches “Tell Our Stories” to Celebrate Lismore’s History

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Jewellery Design Centre

Jewellery Design Centre Launches “Tell Our Stories” to Celebrate Lismore’s History

 

Advertorial by Daniel Pinkerton

The Lismore Jewel Centre, a beloved fixture in the community, has reopened its doors in the Starcourt Arcade under a new name: Jewellery Design Centre. To celebrate they are launching a heartwarming initiative to commemorate the history and cherished memories of Lismore and the old store.

“Since reopening, we’ve had so many come and tell us how happy they are we’re back and share their fond memories of the old Jewel Centre” says owners Gary and Mariska Pinkerton.

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“We love it, and so we want to invite more people to share their stories with us!”

The old Lismore Jewel Centre now known as Jewellery Design Centre now launches Launches "Tell Our Stories"

The old Lismore Jewel Centre. It will be missed dearly.

The ‘Tell Our Stories’ campaign invites locals to share their personal stories of connection, community and the special jewellery that has played an important role in their lives.

“The stories have played a special role in our lives too,” says Mariska.

“While we were closed after the flood, we did house calls and had customers come visit us at home which put a whole new light on the jewellery experience. All of a sudden the glitz was gone and our appointments were stripped back to just us and our customers. In this setting people naturally began to share their heart felt experiences with us, and we got to know them in a whole new way.”

It was this experience, they explain, that inspired the new Jewellery Design Centre in Lismore’s Starcourt Arcade.

“It’s smaller and not as ritzy as the old Jewel Centre was,” says Gary of the new store, “But for us it captures that feeling we felt when we would sit around dining tables with our customers.”

Jewellery Design Centre Launches "Tell Our Stories"

Just like home- a picture of the new interior’s cosy setting.

Gary and Mariska are now inviting community members to visit the store and share their own memories and experiences, with the chance to win exciting prizes.

Each person who shares their story online or in-store will be entered into a draw to win a $500 voucher, while those who have a piece repaired, remade, or custom-designed during the campaign period will have the opportunity to win a pair of $1,500 diamond earrings.

“We especially want to hear stories about the rich history of Lismore, memories of the old Jewel Centre or touching moments where jewellery has played a special part in your life.”

“More than the prizes, this is about celebrating the stories of the Northern Rivers and the memories that bind us together,” says Mariska.

Jewellery Design Centre Launches "Tell Our Stories"

Entries are open until May 24. For more information about the “Tell Our Stories” giveaway and how to participate, visit the Jewellery Design Centre in the Starcourt Arcade or follow the QR codes below to their social media channels.

 

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Business News

Australian unemployment dropped in March as part-time jobs surged; but this caused an increase in under-employment

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Australian unemployment

Australian unemployment dropped in March as part-time jobs surged; but this caused an increase in under-employment

 

In March 2024, ‘real’ Australian unemployment dropped 78,000 to 1,358,000 (down 0.5% to 8.7% of the workforce) as employment reached an all-time high of over 14.2 million.

However, the composition of the workforce changed – part-time employment surged 295,000 (up 6.1%) to 5,164,000 (a new record high). Unfortunately, there was a substantial decrease in full-time employment, down 256,000 (down 2.7%) to 9,103,000 as the composition of the employment market changed significantly.

The rise in part-time employment was correlated to the increase in under-employment, up 75,000 to 1576,000 (10.1%, up 0.5%). In total a massive 2.93 million Australians (18.8%, unchanged) were unemployed or under-employed in March.

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The March Roy Morgan Unemployment estimates were obtained by surveying an Australia-wide cross section of people aged 14+. A person is classified as unemployed if they are looking for work, no matter when. The ‘real’ unemployment rate is presented as a percentage of the workforce (employed & unemployed).

  • Employment reaches new record high of over 14.2 million in March:

Australian employment increased 39,000 to 14,267,000 in March. Part-time employment drove the increase, up 295,000 (up 6.1%) to a new record high of 5,164,000 while full-time employment dropped 256,000 (down 2.7%) to 9,103,000.

  • Australian Unemployment dropped in March with 78,000 fewer looking for work:

In March 1,358,000 Australians were unemployed (8.7% of the workforce, down 0.5%), a decrease of 78,000 from February driven by fewer people looking for part-time work. There were 763,000 (down 70,000) looking for part-time work and 595,000 (down 8,000) looking for full-time work.

  • Overall unemployment and under-employment was unchanged in March at 18.8%:

In addition to the unemployed, a further 1.58 million Australians (10.1% of the workforce) were under-employed, i.e. working part-time but looking for more work, up 75,000 from February. In total 2.93 million Australians (18.8% of the workforce) were either unemployed or under-employed in March.

  • Comparisons with a year ago show rapidly increasing workforce driving employment growth:

The workforce in March was 15,625,000 (down 39,000 from February, but up a massive 641,000 from a year ago) – comprised of 14,267,000 employed Australians (up 39,000 from a month ago) and 1,358,000 unemployed Australians looking for work (down 78,000).

Although unemployment and under-employment remain high at 2.93 million, there has been a surge in employment over the last year – up by 693,000 to a new record high of 14,267,000.

Australian unemployment

Roy Morgan Unemployment & Under-employment (2019-2024)
Source: Roy Morgan Single Source January 2019 – March 2024. Average monthly interviews 5,000.
Note: Roy Morgan unemployment estimates are actual data while the ABS estimates are seasonally adjusted.

Compared to four years ago in early March 2020, in March 2024 there were almost 800,000 more Australians either unemployed or under-employed (+3.2% points) even though overall employment (14,267,000) is almost 1.4 million higher than it was pre-COVID-19 (12,872,000).

ABS Comparison

Roy Morgan’s unemployment figure of 8.7% is more than double the ABS estimate of 3.7% for February but is approaching the combined ABS unemployment and under-employment figure of 10.3%.

The latest monthly figures from the ABS indicate that the people working fewer hours in February 2024 due to illness, injury or sick leave was 521,700. This is around 140,000 higher than the pre-pandemic average of the five years to February 2019 (382,100) – a difference of 139,600.

If this higher than pre-pandemic average of workers (139,600) is added to the combined ABS unemployment and under-employment figure of 1,533,000 we find a total of 1,673,600 people could be considered unemployed or under-employed, equivalent to 11.3% of the workforce.

 

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