Goldman Sachs joins the bandwagon of major brands that have executed layoffs this year in anticipation of an incoming economic recession.
According to the latest Australian Bureau of Statistics release, there are 480,100 job vacancies in Australia, a 111.1% increase since February 2020.
Australian Council of Trade Unions & Australian Nursing and Midwifery Federation have been calling on the Albanese government to reverse the decision as quickly as possible.
The commitment to keep WorkCover premiums at “one of the lowest rates” in the country aims to bolster the efforts of employers and businesses “recovering and rebuilding” after the COVID-19 pandemic.
This new world is adding a new layer of complexity for employers in how they handle insurance policies for travelling and expatriate employees. Following two years of not really having to worry about it, it’s certainly not a case of picking back up where we left off when assessing the risks associated with workplace-endorsed travel.
According to reports by The Guardian, continued workforce shortages and underfunding are exhausting staff and driving the sector into an “untenable standstill”.
Hikes in the cost of petrol, electricity and food have seen many Australian households struggling to make ends meet, prompting the government to offer the free cash.