2024 employment law changes

A guide for employers & employees

Author

Maziar Foroudian
July 12, 2024

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Want to master the intricacies of 2024's employment laws? Check out our guide where top experts decode the legalese, offering insightful tips and tactics that'll keep you compliant and informed all year round.

Xero resurrects its Beautiful Business Fund empowering small businesses and non-profits to fuel growth. Be part of the $700,000 funding initiative with your 90-second pitch video to make your mark!

Bridging the gap between innovation and commercialisation, Australia's deep tech startups are about to get a boost! Discover how Innovation Advisory aims to accelerate this journey, merging sophisticated research with robust marketing strategies.

Are Aussies rethinking job changes? A drop in job mobility reveals a more cautious Australian work force amid economic challenges. Find out what this could mean for the future of the job market.

Australia's economic landscape is veering into uncharted territory as consumers brace for soaring mortgage rates, while businesses maintain high levels of confidence despite economic slowdown. Dive into the survey results that paint this conflicting picture.

From Aussie brains to Indian brawn, find out how Heat and Control has cracked the market with their innovative food-processing equipment. With the help of a trade agreement, they are exporting their products worldwide and contributing to the growth of India's food manufacturing sector.

Are you struggling to keep your tradie business afloat due to unpaid invoices? It's time to turn things around. Discover four practical approaches and the secret sauce of combining tools and admin staff to take control of your finances and achieve sustainable growth.

Is your small business or trade reliant on Telstra's mobile plans? Brace yourself for a surprise price hike coming in August, impacting both post-paid and pre-paid options. Find out what this means for you and how to navigate the changes in our breakdown of the implications.

Fairness, transparency, and support: The revamped Australian banking code of practice has been approved by ASIC and will take effect in 2025. Discover how it strengthens protections, improves communication, and expands coverage for struggling SMEs.

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Top stories

The landscape of SEO has changed in the last 18 months, affecting different types of sites in various ways. This article delves into 8 SEO tactics that still work in 2024 for small businesses, including building quality links, updating key pages, and leveraging forums and user-generated content.

Anthony Eisen, co-founder of Afterpay, highlights the growing impact of First Nations entrepreneurs on Australia's economy. These businesses not only drive economic growth but also promote cultural preservation, facing challenges like limited access to capital and bias.

Australia

Australian e-waste recycling venture Sircel secures $5 million investment to retrieve materials from discarded technology, particularly defunct solar panels. The move aligns with government efforts to establish a circular economy by 2030. Exciting times ahead for Sircel's expansion and impact on sustainable resource use.

Digital wallets are gaining popularity in Australia, surpassing ATM cash withdrawals for the first time. ABA's Bank On It report shows an 18-fold increase in digital payments, reaching $126 billion, prompting calls for stronger consumer protections.

Australian Economy

Australia's real wages have fallen by 4.8% post-pandemic, putting the country on par with Lithuania, Estonia, and Hungary. The shift towards enterprise bargaining and a decline in blue-collar work have contributed to this trend.

A recent study by the Productivity Commission shows that two-thirds of Australians in their 40s are better off than their parents were at the same age. Australia boasts high income mobility, outperforming countries like France, China, and the US.

Retail investors are decreasing their holdings in Australian banks, reaching a record low in ownership. Meanwhile, institutional investors are driving stock prices up. Retail shareholders were selling off in the big four banks in the three months to June 30.

World

In a world where trade and war have long been intertwined, the EU must now navigate a fractious global market. Applying tariffs on Chinese electric vehicles, the bloc aims to uphold the rules-based order while avoiding bullying by protectionist rivals.

Women We Admire recognizes the top 50 Women Leaders of California for 2024, highlighting professionals in various industries such as technology, finance, and entertainment. Priya Venkatesh of SEPHORA and Manisha Gupta of Oracle are among the notable recipients.

Tech

Twitter employees who were laid off and denied severance pay have had their class-action complaint dismissed by a federal judge. However, they may pursue other lawsuits against Twitter for similar violations, as the battle for fair compensation continues.

URC successfully launched a Virtual Assistant to enhance customer support and drive innovation by utilizing AI technology. This tool aids dealers and consumers, reflecting URC's commitment to advanced intelligence and user experience.

AI has the potential to make a positive impact in areas such as climate change, energy efficiency, and health care. However, it also poses challenges such as increased energy use, misinformation, and potential job displacement.

Curated for you

Learn the benefits of content repurposing for marketers strapped for time and resources. By transforming existing content into different formats, marketers can reach new audiences, future-proof their content, and improve SEO.

Internal linking is a key but often overlooked strategy for improving site performance and SEO. Avoid common mistakes like non-descriptive anchor texts, anchor text cannibalization, and orphaned content pages to ensure better rankings and user experience.

Entrepreneurs must wear many hats and make strategic decisions to achieve success. Specializing in a niche, hiring expert coaches, offering free work for experience, prioritizing opportunities over pay, and reading extensively are essential for growth.

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