When the first lockdown was announced in March 2020, it came with the news that we’d no longer be able to attend sporting events live. People weren’t able to attend any live sporting events for over a year. As a result, live sports became more accessible to view at home.
The need for digital and data literacy has never been greater with a staggering 87% of jobs in Australia currently requiring digital literacy skills. And the latest predictions show between 32,000 and 160,000 specialist artificial intelligence workers will be needed across the country by 2030 in the specific areas of machine learning, data engineering, natural language processing, computer vision and other artificial intelligence-related technologies.
We’ve all seen the long list of big names called out for underpaying workers, from celebrity chefs to the country’s biggest employers such as Qantas, Coles, Woolworths, NAB, CBA, Super Retail, the AB, and even – allegedly – some of our biggest law firms1. It’s a problem affecting remuneration from hiring to retiring. PwC estimates underpayment affects 13% of the Aussie workforce and Industry Super Australia found bosses failed to pay three million employees, nearly $5bn in employer super contributions in 2018-193.
In the past year, research indicates that nearly a third of organisations have accelerated their plans to automate key security and IR processes, whilst another 85% plan on automating them in the next 12 months. Despite the positivity of these statistics, many organisations struggle to change to a more automated process. This was highlighted at a recent webinar we held with a panel of senior cybersecurity experts from a multitude of sectors.
Low-income borrowers may still struggle to qualify for finance if using a two per cent deposit housing affordability scheme. The incoming Labor Government’s proposed Help To Buy scheme aims to provide an equity contribution of up to forty per cent for eligible low to middle-income homebuyers, with only a two per cent deposit saving seemingly required.
It’s no surprise the pandemic completely changed everyone’s lives, with a good majority of employees leaving their jobs because they are not only wanting more from their careers, but needed more support from their workplace. Much has been made of “The Great Resignation," with work itself evolving, it reflects a reprioritisation of personal choices on a global scale — creating a discontinuity that should be of great concern to every leader.
Our research results show that most consumers buy products that are best for their needs, even when they don’t like or trust the brand behind the product. Compared to UK and US, Aussie consumers allocate a greater share of wallet to ‘bastard’ brands – firms that they believe to be dishonest, deceitful, or knowingly hide that their products do harm to society.
‘The Great Resignation’ has been at the forefront of every business leader’s mind since the beginning of the pandemic two years ago. But for Australians in particular, it’s further exacerbating the ongoing technical skills shortage that employers have faced for many years. Australia has had to rely on skilled migrant workers to fill highly-sought after technical roles, which only became more difficult when the international borders closed. Despite borders reopening and the business world returning to some semblance of normalcy, the technology skills shortage could worsen with the federal government’s announcement that it will halve the number of migrant workers entering the country on skilled visas in the next financial year.
It is one of those rare small companies on the cusp of being able to play a key role globally – and Australia will play a crucial role in that journey. Osteopore is on an exciting path, we have commercial traction, and our novel medical tech platform is proven and has numerous apps for bone regrowth and hopefully in the near future for cartilage, tendons and ligaments.
Strict lockdowns in China – as the country tries to eradicate the spread of COVID – are not only affecting its citizens, but also having flow-on impacts on trading partners, like Australia. There are four impacts of the lockdowns that are set to have ramifications for agribusiness – disruptions to freight logistics, Chinese corn plantings, dairy demand and hog pricing.