O75 Public Administration

Women’s Leadership a key factor as Roy Morgan aces the first Workplace Gender Equality Agency gender pay gap test

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Original article by Roy Morgan
Market Research Update – Page: Online : 27-Feb-24

Roy Morgan has aced the Workplace Gender Equality Agency’s first ‘gender pay gap’ test with a ‘median total remuneration gender pay gap’ of 0.0% in 2022-23, compared to the industry comparison group average of 29.3% – an outperformance of 29.3% points in favour of Roy Morgan. The ‘median base salary gender pay gap’ is also at 0.0%, compared to an industry average of 27.3%. Even more impressively, Roy Morgan’s ‘gender pay gap’ has remained at 0.0% for a third consecutive year, both for median total remuneration and median base salary. Roy Morgan understands the immense value women bring to a company in leadership roles and strives to bring talented women into the company and on pathways to managerial and executive leadership roles. This policy is succeeding and in 2022-23 Roy Morgan has an even spread of managers by gender, with nine women and nine men filling these 18 managerial roles – a 50:50 split. Roy Morgan’s board also outperforms the industry comparison when it comes to representation of women. Women comprise a clear majority of 67% of Roy Morgan’s board – more than double the average of our industry peers at only 32%.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIA. WORKPLACE GENDER EQUALITY AGENCY

ALP and Coalition can’t be split Federally as parties contest Dunkley by-election: ALP 50% cf. L-NP 50%

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Original article by Roy Morgan
Market Research Update – Page: Online : 27-Feb-24

Support for the ALP has dropped 2.5% to 50% and the party is now even with the L-NP 50% (up 2.5%) on a two-party preferred basis. If a Federal Election was held now we would have a hung Parliament with minor parties and independents deciding who would be our next Government, the latest Roy Morgan survey shows. There were big swings against the ALP in New South Wales and Victoria after asylum seeker boats landed in Western Australia and Opposition Leader Peter Dutton ‘hammered’ the Albanese Government all week over the failures in border protection policies. There were also significant anti-Semitic protests in Sydney and Melbourne last week as well as extensive blackouts of hundreds of thousands of people in Victoria due to heavy storms throughout the State. The swing in Victoria suggests a closer than expected by-election in the seat of Dunkley – although the ALP still leads 51.5% cf. L-NP 48.5% in Victoria. Primary support for the Coalition increased 1% to 38% – it’s highest for over a year, while support for the ALP dropped significantly, down 2.5% to 31.5%. The Greens were down 1% to 12%, One Nation increased 1% to 5% and support for Independents & Other Parties was up 1.5% to 13.5%. The latest Roy Morgan survey is based on interviewing a representative cross-section of 1,682 Australian electors from February 19-25. Further details will be released in Roy Morgan’s weekly video update presented by CEO Michele Levine.

CORPORATES
ROY MORGAN LIMITED, MORGAN POLL, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN GREENS, ONE NATION PARTY

Households face income pain until 2027: economists

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Original article by Michael Read
The Australian Financial Review – Page: 6 : 21-Feb-24

Analysis suggests that Australian real household incomes fell by 6.1 per cent in the year to September 2023, when adjusted for inflation and population growth. Real household incomes have now fallen for eight consecutive quarters, returning this metric to 2017 levels. Independent economist Chris Richardson does not expect real household incomes to return to pre-pandemic level until 2027; he adds while the revised stage-three tax cuts in mid-2024 will provide some relief for households, productivity growth will be necessary to boost living standards in the long-term. Deloitte Access Economics partner Stephen Smith in turn forecasts that household incomes will return to pre-pandemic levels by September 2025.

CORPORATES
DELOITTE ACCESS ECONOMICS PTY LTD

Roy Morgan wins three-year contract to deliver domestic tourism statistics for Austrade

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Original article by Roy Morgan
Market Research Update – Page: Online : 21-Feb-24

From 2025, Roy Morgan will provide Austrade with the world’s best practice survey methodology, big data integration and modelling techniques to deliver accurate domestic tourism statistics. Roy Morgan has reimagined the future of domestic tourism statistics to move Austrade and its stakeholders to the forefront of tourism intelligence with a new platform that will drive the future of Australia’s tourism industry, which is estimated to be worth in excess of $160 billion. Portia Morgan, the Head of Client Services at Roy Morgan, says that using face-to-face interviewing, which is the gold-standard for surveying the population, enhanced with big data and cutting-edge data science techniques, Roy Morgan will be delivering a future-proofed system that will be cost effective, reliable, and accurate. She adds that Roy Morgan has been delivering survey-based tourism insights via its Holiday Tracking Survey for 20+ years and the company is thrilled to be working with Austrade and the broader industry to provide a deeper of understanding of how many people are travelling, where they go, what they do and how they spend their valuable tourism dollars.

CORPORATES
ROY MORGAN LIMITED, AUSTRADE

Roy Morgan Business Confidence increased 2.1pts to 93.2 in January – now at its highest since August 2023

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Original article by Roy Morgan
Market Research Update – Page: Online : 21-Feb-24

In January 2024, Roy Morgan Business Confidence was 93.2 (up 2.1pts since December). This was the second consecutive monthly increase in Business Confidence, and the first time the index has increased for two straight months since early last year. However, despite the increase, Business Confidence has now spent a record 12 consecutive months below the neutral level of 100; this is the longest stretch in negative territory in the history of the index, which dates back to 2010. Business Confidence is also now 18pts below the long-term average of 111.2, and down 3.2pts since January 2023. Businesses remain concerned about the performance of the Australian economy, with 59.5% expecting ‘bad times’ for the economy over the next year and 56.7% expecting ‘bad times’ for the economy over the next five years. Nevertheless, businesses remain relatively positive about their own prospects over the next year; 42.3% say they will be ‘better off’ financially this time next year, while only 25.0% say they will be ‘worse off’ – a positive net rating of 17.3% points. The Roy Morgan Business Confidence results for January are based on 1,609 detailed interviews with a cross-section of Australian businesses from each State and Territory.

CORPORATES
ROY MORGAN LIMITED

ANZ-Roy Morgan Consumer Confidence virtually unchanged at 82.8 in mid-February

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Original article by Roy Morgan
Market Research Update – Page: Online : 21-Feb-24

ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 82.8 in the week to 18 February; it has now spent a record 55 straight weeks below the mark of 85. Consumer Confidence is now 2.4 points above the same week a year ago (80.4), but 0.8 points below the 2024 weekly average of 83.6. Consumer Confidence was up in New South Wales and Queensland, but down in Victoria, WA and SA – the opposite result compared to a week ago. Now 20% of Australians (up 1ppt) say their families are ‘better off’ financially than this time last year, while 50% (down 2ppts) say their families are ‘worse off’. Looking forward, 33% (up 1ppt) of Australians expect their family to be ‘better off’ financially this time next year, while 33% (down 1ppt) expect to be ‘worse off’. Now 10% (down 2ppts) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 31% (up 2ppts) expect ‘bad times’. Meanwhile, 23% (up 2ppts) of Australians say now is a ‘good time to buy’ major household items, while 50% (down 1ppt) say now is a ‘bad time to buy’.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Labor’s drone ship gamble

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Original article by Cameron Stewart
The Australian – Page: 1 & 4 : 21-Feb-24

The federal government will increase its spending on defence to 2.4 per cent of GDP from the early 2030s, in response to the review of the navy’s surface fleet. The government will increase defence spending by $1.7bn over the four-year forward estimates period and $11.1bn over the next decade. Amongst other things, the government will fast-track the acquisition of 11 new general purpose frigates, while the Hunter-class project will be scaled back from nine frigates to just six. The navy will also retire the first of the ageing Anzac-class frigates immediately, while a second will be decommissioned by 2026. The government will invest in a fleet of semi-autonomous ships that are still being developed in the US; these ‘drone’ ships will each have 32 missile cells, significantly increase the navy’s firepower.

CORPORATES
ROYAL AUSTRALIAN NAVY

BHP urges Labor to fix IR before issuing subsidies

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Original article by Peter Ker, Phillip Coorey
The Australian Financial Review – Page: 4 : 21-Feb-24

BHP CEO Mike Henry says the resources group would be supportive of any assistance for Australia’s embattled nickel industry, such as a short-term production tax credit. However, he warns that a tax credit may not be sufficient to save the industry, given the significant challenges facing the nickel market. Henry adds that getting industrial relations policy right is more important than offering subsidies and rescue packages. BHP in particular will be impacted by the same job, same pay’ regime for labour hire workers. BHP’s wholly-owned labour hire firm, Operations Services, pays workers less than their colleagues employed on site-specific enterprise bargaining agreements. BHP’s Western Australian nickel mines are among the sites that use Operations Services workers.

CORPORATES
BHP GROUP LIMITED – ASX BHP, OPERATIONS SERVICES

New report reveals Roy Morgan is one of Australia’s leading data companies – with in-depth information on millions of Australians based on their Helix Personas

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Original article by
Market Research Update – Page: Online : 20-Feb-24

Roy Morgan leads the way as one of Australia’s leading data companies. A special in-depth report into Australia’s leading data companies interviewed Roy Morgan CEO Michele Levine and Executive Chairman Gary Morgan about the role the company plays in compiling data and building profiles of different Australians. One of Roy Morgan’s key products is ‘Helix Personas’ which profiles people under headings such as "young and platinum", "smart money", "cautious conservatives", "fair go", "working hard" and nearly 50 other personas. For example, the "young and platinum" group love their mobile devices and are "always on the hunt for the shiny, new and cool" and "making the rent". Their income is around the $64,000 a year mark and they can often be found "living a conventional life centred around family". Roy Morgan CEO Michele Levine confirmed that the Helix Personas market segments are based on statistical information, not data from individual people. "It’s totally ethical. Unlike Facebook or any of these things, it’s not any particular individual", Roy Morgan’s chief executive Michele Levine, said.

CORPORATES
ROY MORGAN LIMITED

Blue-collar workers to bear the brunt of jobs market slowdown

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Original article by Matthew Elmas
The New Daily – Page: Online : 20-Feb-24

Economists have for some time been forecasting that Australia’s labour market is set for a slowdown after several years of strong growth. A report from Deloitte Access Economics has forecast 1.5 per cent growth in white-collar jobs in 2024-25, following estimated growth of 2.5 per cent in 2023-24. Meanwhile, growth in blue-collar jobs is expected to slow to just 0.3 per cent, with industries such as agriculture, manufacturing and wholesaling set to shed jobs. Deloitte Access Economics partner David Rumbens notes that two-thirds of the nation’s jobs growth in 2023 occurred during the first half of the year, while the number of job vacancies has fallen by 14.4 per cent over the last 12 months.

CORPORATES
DELOITTE ACCESS ECONOMICS PTY LTD