JOB SECURITY – AUSTRALIA

ACTU in big push to fix insecure work

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Original article by David Marin-Guzman
The Australian Financial Review – Page: 5 : 21-Mar-18

ACTU secretary Sally McManus will use a National Press Club speech on 21 March to advocate major changes to workplace laws. She will stress the need for reforms that provide Australians with increased job security, particularly for people who work for labour hire companies. Amongst other things, McManus will call for the creation of a national labour hire licensing system, allow casual workers to become permanent employees after six months of continuous service and increase the workplace rights of people who are classified as independent contractors.

CORPORATES
ACTU, NATIONAL PRESS CLUB (AUSTRALIA), AUSTRALIAN LABOR PARTY, UBER AUSTRALIA PTY LTD, FOODORA

Underpaid, overworked, fearing sack

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Original article by Adam Gartrell
The Age – Page: 8 : 2-Mar-18

Fifty-nine per cent of workers who took part in an ACTU survey stated that they are worried that they will lose their current job in the next couple of years. Over 70 per cent expressed the view that they felt as if they are working harder for less pay, while 80 per cent stated that getting a reasonable pay rise was difficult. ACTU Secretary Sally McManus, says the crux of the survey results is that workers want reasonable wage rises and more job security. The ACTU intends to use the results of the survey to back its case for an increase in the minimum wage.

CORPORATES
ACTU, AUSTRALIA. FAIR WORK COMMISSION

Rising job insecurity myth busted

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Original article by David Marin-Guzman
The Australian Financial Review – Page: 4 : 31-Jul-17

Analysis of labour market data survey suggests that despite unions’ claims to the contrary, job security in Australia seems to be improving. The analysis by the University of Melbourne’s Jeff Borland shows that the proportion of women in particular who have had the same job for more than 10 years has increased since 1982. Meanwhile, the Household, Income and Labour Dynamics in Australia (HILDA) survey data shows that the proportion of workers who are employed via labour hire firms fell from 3.1 per cent to 2.2 per cent between 2001 and 2015.

CORPORATES
UNIVERSITY OF MELBOURNE, AUSTRALIA. FAIR WORK COMMISSION, AUSTRALIAN LABOR PARTY, ACTU, AUSTRALIAN BUREAU OF STATISTICS

How worsening job security impacts mental health: gradually for women but as one sharp shock for men

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 9-May-16

New data from Roy Morgan Research shows that employees who rate their job security as "very poor" are over 50 per cent more likely than those with a "very good" sense of job security to suffer anxiety, stress or depression. A study from 2013 to 2015 of over 20,000 Australians aged 14+ about their employment found that 33 per cent report suffering anxiety, stress, and/or depression within the past 12 months. Some 30 per cent of employees with "very good" or "good" job security suffered from one or more of these conditions, compared with 35 per cent of those who rated security as "fair", 41 per cent of those who rated it as "poor" and 46 per cent of employees with "very poor" job security.

CORPORATES
ROY MORGAN RESEARCH LIMITED

Job security is great for principals, police, priests and (some) CEOs – but journalists, taxi drivers, scientists and (other) CEOs feel most unstable

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 20-Apr-16

Roy Morgan Research’s latest figures show that an estimated 11,522,000 Australians aged 14+ are currently employed. Over the three years to December 2015, 17 per cent of people in paid employment rated their job security as "very good" and six per cent rated it as "very poor". Meanwhile, 54 per cent of school principals agree their job security is "very good", as do 40 per cent of CEOs and Managing Directors, 36 per cent of police, and 29 per cent of ministers of religion. Jobs that employees are at least three times more likely than average to say have "very poor" security are Vocational Education Teachers (22 per cent), Journalists and Other Writers (21 per cent), and Database and Systems Administrators, and ICT Security Specialists (18 per cent).

CORPORATES
ROY MORGAN RESEARCH LIMITED

Shock exit by Fortescue execs stokes job cut fears

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Original article by Paul Garvey
The Australian – Page: 22 : 4-Dec-14

In a surprise move, Fortescue Metals Group (FMG) has announced the departures of high-ranking executives from the iron ore mining group. Director of developments Peter Meurs, director of health, safety, environment and security Isak Buitendag, director of shared services Peter Thomas and senior manager Kevin McCafferty have all stepped down. The news has sparked fears about job security among FMG staff, given the recent rapid fall of the iron ore price. On 3 December 2015 FMG stock gained $A0.14 to close at $A2.71

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, WORLEYPARSONS LIMITED – ASX WOR, WESTOZ FUNDS MANAGEMENT PTY LTD