N7211 Employment Placement and Recruitment Services

Pay rises in low-wage era few

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Original article by Ewin Hannan
The Australian Financial Review – Page: 10 : 13-Aug-15

Changing jobs is no longer a passport to a higher salary, according to recruitment agencies. The growth in wages in the private sector is at a record low, with only a 2.2 increase in 2014-15. Employees seeking a pay rise must demonstrate their work was critical to the employer’s goals or that they had a unique set of skills.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, RANDSTAD RECRUITMENT PTY LTD, AUSTRALIAN HUMAN RESOURCES INSTITUTE, YARRA VALLEY WATER

Japanese HR giant to pay $290m for Chandler Macleod

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Original article by David Ramli, Jake Mitchell
The Australian Financial Review – Page: 11 : 15-Jan-15

The consolidation in Australia’s recruitment sector is continuing, with Japan-based Recruit Holdings securing a deal to acquire Chandler Macleod. Recruit will pay $A290m for the listed company, which has a market capitalisation of about $A165m. Recruit will also acquire Peoplebank, which specialises in IT recruitment. Peoplebank CEO Peter Acheson says it will continue to operate as a separate business

CORPORATES
CHANDLER MACLEOD GROUP LIMITED – ASX CMG, RECRUIT HOLDINGS COMPANY LIMITED, PEOPLEBANK AUSTRALIA LIMITED, NAVIS CAPITAL PARTNERS LIMITED, SKILLED GROUP LIMITED – ASX SKE, PROGRAMMED MAINTENANCE SERVICES LIMITED – ASX PRG, GREENHILL AND COMPANY

Accused Myer fraud ‘left CV at home’

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Original article by Pia Akerman
The Australian – Page: 22 : 17-Dec-14

Melbourne Magistrates Court was on 16 December 2014 told of the deceptions allegedly perpetrated by Andrew Jeffery Flanagan. He was made group GM strategy and business development at department stores chain Myer in mid-2014, but lasted just one day in the role before it emerged that he had faked the qualifications and experience on his resume. Flanagan has been granted bail ahead of a directions hearing on 17 December, and has been committed to stand trial on seven counts of fraud and theft. He had also duped the Australia Arab Chamber of Commerce & Industry, Bendigo Health and Specialty Fashion Group

CORPORATES
MYER HOLDINGS LIMITED – ASX MYR, MILLER’S FASHION CLUB, SPECIALTY FASHION GROUP LIMITED – ASX SFH, RIVERS (AUSTRALIA) PTY LTD, BENDIGO HEALTH, ZARA, INDITEX SA, AMERICAN CHAMBER OF COMMERCE IN AUSTRALIA, AUSTRALIA ARAB CHAMBER OF COMMERCE AND INDUSTRY INCORPORATED, MELBOURNE MAGISTRATES’ COURT

Silicon Valley start-up surges on ASX debut

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Original article by Sally Rose
The Australian Financial Review – Page: 25 & 32 : 16-Oct-14

Shares in online recruitment firm 1-Page closed at $A0.34 on 15 October 2014, capping a $A8.5m Australian sharemarket float for the US-based group. The stock was issued at $A0.20 apiece and listed at $A0.345. Amanda Moyes of ASX Limited says the sharemarket operator would like to see more US technology firms list on the local bourse. Australia’s R&D tax concessions regime contributed to 1-Page’s decision to list in Australia

CORPORATES
1-PAGE LIMITED – ASX 1PG, ASX LIMITED – ASX ASX, FOSTER STOCKBROKING PTY LTD, KTM CAPITAL PTY LTD, CYGNET CAPITAL PTY LTD, NASDAQ, SAN FRANCISCO 49ERS, FRANCE TELECOM SA

Labour shortage to hit economy by 2030

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Original article by Mark Ludlow
The Australian Financial Review – Page: 9 : 4-Aug-14

The Boston Consulting Group has issued its new "Global Workforce: $10 trillion at risk" report, which looks at 25 nations. It predicts that in Australia there will be an under-supply of some 2.3 million workers by 2030, based on an average labour growth rate of just 1.03% per annum until 2020. This will combine with continuing GDP growth of around 3% per year due to Australia’s wealth of natural resources. Boosts are needed to labour productivity, workforce participation, and investment in technology and innovation

CORPORATES
THE BOSTON CONSULTING GROUP INCORPORATED