ARCHIVE

Online learning has emerged as the most popular way for workers to upskill. The Australian Bureau of Statistics has revealed 55% of employees who participated in work-related training last year did so online, an increase from just 19% five years ago. Read article.

Almost one-third of businesses in Australia are having difficulty finding staff, according to data from the Australian Bureau of Statistics (ABS). The ABS survey for business conditions and sentiments for June found that the most frequently reported reasons were a lack of applicants (79%) and applicants not having the required skills (59%) with building trade...

The Western Australian Industrial Relations Commission has increased the state minimum wage and all pay rates in WA awards effective from the first pay period on or after 1 July 2022. The state minimum wage for adult employees (21 and over) will increase by $40.90 per week to $819.90 per week. State award rates of...

Australian-based cryptocurrency exchange BTC Markets has become the first crypto company in the country to gain a financial services license. An Australian Financial Services (AFS) license allows the holder to give advice, deal in and create a market for a financial product. Although the license isn’t currently needed for crypto companies in Australia, BTC Markets...

WA recorded its tenth consecutive month of rising job ads according to May’s SEEK employment report, the longest stretch of continued ad growth in the country. The report also found that WA was the only state with an increase in applications per ad, up 2%. In terms of unemployment, WA is experiencing record lows with...

The Australian Government has confirmed crypto currencies will continue to be excluded from foreign currency tax arrangements. The government will move to legislate the current tax arrangements, meaning crypto assets will not be regarded as foreign currency for tax purposes in Australia. Capital gains tax will continue to apply to crypto assets held as investments....

Offering the benefits employees value can help reward and retain top talent and aid staff attraction. Training is the most valued workplace benefit (sought by 57% of employees) according to research from Hays Australia. The top five benefits sought also include more than 20 days’ annual leave (55%), ongoing learning & development (53%), mental and...

The skills that the workforce require for the future are changing faster than ever. Comparing the skills its members listed as most important for particular jobs in 2015 with those for the same jobs in 2021, LinkedIn found that 25% of those skills had changed in six years and estimated that between 43% and 45%...

The Council of Australian Life Insurers (CALI) set to launch later this year, will focus on meeting the evolving needs and expectations of customers and supporting the ongoing development of the life insurance industry. CALI will take over responsibility for the Life Insurance Code of Practice, previously under the remit of the Financial Services Council...

The Financial Counsellor and Director of the International Monetary Fund’s (IMF) Monetary and Capital Markets Department believes that as crypto is a global phenomenon a globally consistent approach to regulation is “very important”. “Ideally, every country in the world is aligned in terms of how they regulate crypto,” said Mr Adrian. Read article.