With inflationary pressures continuing to impact household budgets, the push for fair compensation is expected to remain a critical issue in Australia’s job market throughout 2025.
Schwarzman, 78, remains the single largest shareholder in Blackstone, the world’s biggest alternative asset manager, with an almost 20% stake valued at approximately $37 billion.
The latest data release is a wake-up call. As more Australians scrutinise their employers, companies must either adapt to the push for gender pay equality or risk reputational damage and employee dissatisfaction.
The new law introduces criminal penalties for intentional underpayment, with employers bearing the burden of proof. "It's no longer enough to claim an honest mistake," warns Matt Loop, stressing the need for modern, compliant systems.
According to the findings, only 56% of fully remote employees received a pay hike this year, compared to 59% of mostly on-site workers and 64% of hybrid employees.
When a female CEO succeeds a male counterpart, some companies have reduced executive pay. A prominent example is Qantas, where CEO remuneration was cut by 26% when Vanessa Hudson took over from Alan Joyce.
Meta recently fired employees who used company meal credits on non-food items, like wine glasses and acne treatments. While seen as harsh by some, the firings aimed to uphold clear standards for employee perks.