Work & careers

Lack of sleep costing billions, report shows

Australians are not getting enough sleep and it is costing the country billions, a new report shows.

The report Asleep on the Job: Costs of Inadequate Sleep in Australia, compiled by Deloitte Access Economics for the Sleep Health Foundation, found that inadequate sleep kills more than 3,000 people a year.

This includes 394 dying after falling asleep at the wheel of a vehicle or from industrial accidents involving tired workers.

Baby Boomers start more businesses than Gen Y

Tech-savvy Baby Boomers are expected to start 14,000 new businesses each year, more than double the number of start-ups than their Gen Y counterparts, new research shows.

Baby Boomers also contribute an additional $11.9 billion to Australia’s Gross Domestic Product (GDP) in retirement ventures each year, according to the nbn™Silver Economy report, released this week.

Women short-changed on super

New research shows women are being short-changed on super as well as earning lower wages than men.

Marking International Women’s Day (Wednesday, 8 March), Industry Super Australia said that an analysis of the latest data from the Australian Tax Office (ATO) reveals women working for wages and eligible for the Superannuation Guarantee were underpaid $1.84 billion in super contributions by their employers in 2013-14.

The average shortfall was $1,550.

National Seniors appoints Chris Guille as Chairman

National Seniors has today announced Chris Guille as its new Chairman.

Mr Guille has been a Board Director of National Seniors since June 2012 and brings over 30 years of experience in banking, trustee services and investment advice to the role.

He is an experienced company director and currently works as an adviser to a number of charitable groups including Aboriginal trusts.

Building on National Seniors reputation as an independent voice for older Australians,  

More working hours wanted

New figures out this week show one million Australians want more hours of work.

The latest results from the Australian Bureau of Statistics’ (ABS) Participation, Job Search and Mobility Survey reveal there were one million underemployed workers in February 2016, of whom 945,400 worked part-time.

A further 76,700 usually worked full-time, but worked part-time in the reference week due to economic reasons, such as being stood down or insufficient work being available.

Ageing offers opportunities, says Commissioner

Australians have welcomed calls to make work and longevity a priority of the next Government.

Addressing the National Press Club this week, outgoing Age Discrimination Commissioner Susan Ryan said Australia had so far failed to grasp the opportunities of population ageing.

In particular Ms Ryan emphasised the need to recognise and embrace the economic potential of older workers.

She said current barriers to mature age participation included ageism, inflexible workplaces and limited training opportunities.

Grandparent childcare and labour market participation in Australia

This study explores the intersection between grandparents’ childcare provision and their labour market and retirement decisions. In the context of an ageing population and the associated challenges this will pose, there is growing policy emphasis on keeping mature-age Australians engaged in the labour market. At the same time, many Australian grandparents are taking on considerable caring responsibilities for their grandchildren.

Men still hold top leadership spots

New data out this week shows men still hold most of Australia’s top leadership positions.

The Australian Bureau of Statistics (ABS) said Gender Indicator figures include senior positions of non-public sector employers, the judiciary, federal and state parliamentarians and managers in the Australian Public Service. 

"In 2013-14, just 26 per cent of key management personnel, 24 per cent of board directors and 17 per cent of CEOs were women," said ABS spokeswoman Lisa Conolly.

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