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- 01OCT2021-FRI (copy 01)
01OCT2021-FRI (copy 01)
How To Correctly (And Fairly) Stand Down an Employee
Friday 1st October 2021
How To Correctly (And Fairly) Stand Down an Employee
The process when standing down employees isn’t always clear cut, and certain Awards and agreements may also have their own stand down provisions. Employsure, Australia’s largest workplace relations advisor, is urging employers to check their Award or agreement in advance before making the decision to stand down staff.
Let’s Talk: How has COVID-19 changed the sales process?
Face-to-face interactions are a tried-and-true way to generate sales. Successful salespeople can read a prospect’s body language, respond to subtle changes in speech and behaviour, and create the human connection needed to close a sale.While online businesses have progressively become more adept at generating remote sales over recent years, COVID-19 has upped the ante. So how has the sales process changed, and what does this mean for your business?Let’s Talk…
RE-ENERGISE Yourself and Your Team with this fast, FREE webinar - Fri 8 October.
With three full months of trading to go, we need to stave off the usual, end of year energy slump to make up for a tricky 2021. For many, that slump has already snuck in. This webinar, presented by award-winning Entrepreneur & Speaker, Leona Watson, shares 5 practical tips and activities you can implement quickly and easily, for fast traction and to drive profit and re-energised drive to Get Stuff Done. Leona focuses on 5% effort, for 50% impact. Your FREE registration gives you access to this fast-paced, 45 min session, plus the 3 day Shire Wellness Festival with many other fabulous webinars. More info on your presenter, Leona Watson.
Australian dairy goes green
Australian dairy industry representative, Dairy Australia, has committed to reducing the industry’s environmental impact. Its report “30 Ways Australian Dairy is Tackling Climate Change” outlines how individual farmers can contribute to reducing emissions on their farms. The report summarises the innovative and impactful measures farmers can take in working towards net-zero carbon emissions in their dairy production.Dynamic Business spoke to Helen Dornom, General Manager of sustainability at Dairy Australia, to ask why sustainability matters to the future of Australian dairy.
Instagram Australia launches academy for young female entrepreneurs following a surge in women-led businesses
A report by Are Media found that a growing proportion of young women want to be entrepreneurs despite the various underlying challenges they face.The study showed how the pandemic has fuelled a growth in female-led businesses, while also exposing the sexism and discrimination that young women face, as well as the opportunities they see in digital platforms and education.
Pandemic sees increase in ransomware crime
The Australian Cyber Security Centre’s (ACSC) annual Cyber Threat Report shows that between 2020-2021 the threat of ransomware attacks has grown, recording a 15 per cent year on year increase. As many Australians shifted their lives online on account of the pandemic, their dependence on the internet in daily life opened up more opportunities and vulnerability to cybercrime. Businesses can take steps to ensure cyber security and protect their valuable information and assets.
Trends reshaping the SME lending landscape: PC report
Changes in the lending landscape over the last decade have opened doors for a wide range of finance options available for small businesses that do not require property as security, according to a new analysis by Productivity Commission, Australia’s independent research and advisory agency.id:2021-09-30-09:19:52:963t
Australia’s mining and energy exports are on track to hit a record $349 billion this year, despite the fact that the value of the country’s main export, iron ore, appears to have peaked. Thermal coal markets, which are used to generate electricity, are flourishing around the world as a global recovery from the economic effects of the COVID-19 pandemic drives up energy demand. As supply limitations coincide with increasing industrial activity, metallurgical coal used in steel production has also reached new highs.
China’s power crisis, which has resulted in rolling blackouts and factory closures, and fears that its coal supply could run out in two weeks, may force the government to revert to Australian supplies. More than two-thirds of China’s electricity is generated by coal-fired power plants, and while 90% of the country’s coal is produced domestically, China used to import $1 billion worth of Australian coal. However, amid rising diplomatic tensions between the two countries, China blocked shipments of Australia’s third-largest product early this year.
The state government of New South Wales has announced plans to raise its 2030 emissions reduction target to 50% below 2005 levels. Prime Minister Scott Morrison is under more pressure as a result of the move, with calls for the federal government to raise its carbon objectives. Premier Gladys Berejiklian claims that the plan, which includes achieving net-zero energy by 2050, will bring in more than $37 billion in investment. NSW Energy Minister Matt Kean says the state is on track to expand its GDP and cut emissions in half by 2030, with a goal of zero emissions by 2050.
The US government may be on the verge of spending up to US$4.5 trillion on one of the largest infrastructure and social safety net projects in decades. On September 30, 2021, the House will vote on a $1 trillion bipartisan infrastructure measure that has already been passed by the Senate, and it is expected to be followed by up to $3.5 trillion in other expenditures.
As per reports, the Narendra Modi government is planning to announce the winning offer for Air India by October 15. On September 29, financial bids for the airline are expected to be opened. The deadline for financial proposals for Air India expired on September 15, and the Tata Group was seen as the frontrunner. Ajay Singh, the CEO of low-cost carrier SpiceJet, has also made a bid for Air India.
K V Subramanian, India’s chief economic adviser, stated that the country will develop at a growth rate of over 7 per cent per year this decade due to strong economic fundamentals. He predicted that growth will be in the double digits this fiscal year, then moderate to 6.5 to 7 per cent next year. According to the Economic Survey 2020-21, which was released in January this year, GDP growth for the current fiscal year ending March 2022 is expected to be 11 per cent.
The latest statistics from the Australian Bureau of Statistics show that Australians tightened their belts in August, with retail turnover falling. In August, seasonally adjusted turnover was down 1.7 percent from the previous month and 0.7 percent lower than the same period the previous year. The Australian Capital Territory (ACT) saw the biggest drop, with retail turnover falling by about a fifth. Western Australia, on the other hand, had a gain in sales, while South Australia saw a return following a month of declines.
In a hint that the installment payments pioneered by Afterpay have well and truly joined the financial mainstream, payments giant Mastercard will debut new technology that will allow banks throughout the world to provide buy now, pay later (BNPL) products. Strong demand for BNPL services prompted the global card company to build infrastructure that will allow banks, fintechs, and other lenders to deploy installment loans across its vast network.
As a major climate conference approaches, Australian Prime Minister Scott Morrison has refused to promise to phase out the use of fossil fuels. Prior to the COP26 United Nations climate meeting in Scotland in November, Australia has been pressed to set emissions reduction targets. After winning the 2013 election, Mr Morrison was part of a government that scrapped a carbon pricing plan. However, Treasurer Josh Frydenberg cautioned that if the country fails to commit to a net-zero aim by 2050, borrowing prices will skyrocket. His words came as the International Monetary Fund urged Australia to declare a “time-bound” goal for achieving net-zero greenhouse gas emissions.
The ACCC wants Google to make it clear to customers how it uses its personal data to sell ads. The amount of personal data Google collects from its customers gives it a “data advantage” over its competitors.The ACCC says competition in Australia’s online advertising market is suffering. It also found Google has used its position to preference its own services and shield them from the competition.
U.S. consumer confidence fell to a seven-month low in September as a relentless rise in COVID-19 cases deepened concerns about the economy’s near-term prospects, fitting in with expectations for a slowdown in growth in the third quarter.
Ford has announced a huge investment in electric vehicle (EV) production in the US, promising to build its largest-ever factory in Tennessee, and two battery parks in Kentucky.The company claimed it will develop zero-emission vehicles and pickups “at scale” for American consumers under the US$11.4 billion plan. It will also result in the creation of 11,000 jobs. Ford, like rivals GM and Stellantis, anticipates that by 2030, half of the cars it sells will be zero-emission vehicles. However, the additional government expenditure needed to make it happen is still up for debate.
