HUMAN CAPITAL – AUSTRALIA

Deloitte’s dumping of performance reviews leaves employees ecstatic

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Original article by Agnes King
The Australian Financial Review – Page: 14 : 29-Jul-15

Big four accounting firm Deloitte Australia will completely phase out traditional twice-yearly employee performance reviews by mid-2016. The firm is testing a new system of ongoing performance appraisals in its audit, risk and consulting divisions, which employ about 1,500 people. Deloitte will eventually roll out the new system for all 6,000 employees. Fairfax Media CEO Greg Hywood also favours a system of continuous performance appraisal.

CORPORATES
DELOITTE TOUCHE TOHMATSU LIMITED, FAIRFAX MEDIA LIMITED – ASX FXJ, PRICEWATERHOUSECOOPERS AUSTRALIA (INTERNATIONAL) PTY LTD, AMERICAN CHAMBER OF COMMERCE IN AUSTRALIA, MICROSOFT CORPORATION, ACCENTURE AUSTRALIA LIMITED, SEEK LIMITED – ASX SEK, CISCO SYSTEMS INCORPORATED

Age bias starts at 47, survey finds

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Original article by Claire Stewart
The Australian Financial Review – Page: 9 : 10-Jul-15

It is estimated that the annual economic contribution of Australian workers over the age of 45 is about $A65bn. However, the Westpac Women of Influence Report shows that business leaders believe that workplace discrimination is becoming a problem for employees at the age of 47. The survey also shows that almost 80 per cent of respondents believe that gender-based discrimination still occurs in Australian workplaces.

CORPORATES
WESTPAC BANKING CORPORATION – ASX WBC, AUSTRALIAN BUREAU OF STATISTICS, AUSTRALIA. SEXUAL DISCRIMINATION COMMISSION

Listing to fast-track expansion for Reffind

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Original article by Vanessa Desloires
The Australian Financial Review – Page: 21 : 22-Jun-15

Reffind is slated to list on the Australian sharemarket on 9 July 2015, after issuing shares at $A0.20 in its IPO. The group, which specialises in the provision of technology solutions for the human resources industry, will have a market capitalisation of around $A20m on debut. Clients include Coles, AMP, Coca-Cola Amatil and Pacific Brands.

CORPORATES
REFFIND LIMITED – ASX RFN, COLES GROUP LIMITED, AMP LIMITED – ASX AMP, COCA-COLA AMATIL LIMITED – ASX CCL, PACIFIC BRANDS LIMITED – ASX PBG, 1-PAGE LIMITED – ASX 1PG, REA GROUP LIMITED – ASX REA, WESTPAC BANKING CORPORATION – ASX WBC, MORGAN AND BANKS, MONSTER.COM, FOSTER STOCKBROKING PTY LTD

Aussies have how much annual leave accrued?!

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 2-Jun-15

A Roy Morgan Single Source survey has found that Australians aged 14+ who are in full-time employment have a total of 123,510,000 days of annual leave accrued. This is an average of just under 21 days’ leave each. Male workers account for 69% (85,357,000 days) of total leave owed, or an average of 22 days each, while female workers have 38,153,000 days of accrued annual leave, with the individual average being 18 days. Meanwhile, people in Wholesaling (25 days), Public Administration and Defence (24 days), Agriculture (24 days) and Transport and Storage (24 days) are especially likely to have accumulated substantial leave balances.

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ROY MORGAN RESEARCH LIMITED

Holiday hoarders need a break

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Original article by Jamie Freed
The Australian Financial Review – Page: 3 : 13-Jan-15

Expedia has released a report which shows that many Australian workers do not use their entire annual leave entitlement each year. It found that 11 per cent of Australians failed to take any leave in 2014, while they have an average of five days of unused leave each year. Expedia’s Georg Ruebensal notes that many Australians opt for domestic holidays of about three days’ duration, or overseas destinations that are close to Australia

CORPORATES
EXPEDIA AUSTRALIA PTY LTD, EXPEDIA INCORPORATED