Tuesday, July 5, 2022

How digital credential technology is shaking up the HR industry

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Have you ever discovered that a job candidate lied about a qualification on their CV? According to estimates by Australia’s Independent Commission Against Corruption (ICAC), 25% of people misrepresent their skills, qualifications, certifications or expertise on their CV. Employers are looking for a quick way to verify an applicant’s credentials and avoid the long-term costs of bad hiring. After all, the cost of a wrong hire is not only damaging to individual teams, but to company culture, employee wellbeing, and overall job satisfaction. 

The genesis and the future of the unmanned aerial vehicle industry

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When we think of drones or UAVs, we have an image which readily jumps to mind, usually of a remote-controlled quadcopter of some sort, or of some other aerial vehicle, such as the US military’s Predator or Reaper drones. The unmanned drone industry began a lot earlier than anyone expects, though - the first UAVs were actually hot air balloons, with the first balloon being demonstrated in 1783 by Joseph-Michel and Jacques-Étienne Montgolfier in Annonay, France.

What does the metaverse mean for the future of the modern workplace?

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Technologists have been whispering about the metaverse for years. Now, it’s emerging, with Meta launching our vision at Connect 2021. There’s been plenty of talk on how the next iteration of the internet - an internet you can step inside - will change entertainment, gaming, and social connection. The metaverse also means profound changes for the world of work. Advances in virtual reality (VR) tech will mean more immersive and useful virtual spaces. New augmented reality and hologram technologies will mean environments that seamlessly blend the digital with the physical world around us. As more organisations adopt these tech, it will make the benefits accessible to millions of workers across various sectors around the world.

Consumers demand brand honesty: Why retailers need to cut the bullshit

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Clients are tired of companies that pretend to care. Retailers need to be genuine in their altruistic claims or embrace the fact that they’re driven by profits. Time is up for retailers that attempt to convince consumers they’re in business for the greater good, when really, they’re just in it for the money. There’s nothing wrong with a business making money, of course.

6 risks the returning workforce could face heading back to the office

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After two long years, Australian employees are transitioning back to the workplace. According to a recent report by LifeWorks, it's clear that the workforce returning to the office is very different from those that left in March 2020. Stress levels are higher, and general mental health is lower. As such, there’s been an increased focus on workplace mental health and wellbeing, which has led to decreased productivity levels and is driving the ‘great resignation’. So what risks do Australian businesses need to be aware of as employees head back to the office? 

Banking grows up: Why coming changes will upend the industry

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For an industry with such a conservative reputation, banking has been upended more times than most. Change has been the only constant, from deregulation to the internet to the pandemic. We’re now on the verge of something else. It's not going just to prompt banking to do what it does better; it's going to shift what banking is – to clients and itself.

Women taking bolder steps in the new age of female investor power

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For too long the investment space has been dominated by male investors, but I believe the next decade will define a new age of female investor power. This has partly been driven in the US by investment democratization through the crowdfunding boom and growth in the private securities market, and by a post-pandemic re-appraisal of household finances.

The effects of the Russia-Ukraine conflict on the financial markets

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It’s fair to say that the global political and economic landscape has shifted in recent weeks due to the war between Russia and Ukraine. Since last month’s 'special military operation’ first took hold – perhaps marking the largest land war since 1940 – it would be fair to assume that the financial markets would have been heavily impacted by the conflict. In reality, it is not always possible to predict how war will impact the world, let alone the stock markets. If we look back at other moments of conflict in recent history, examples show that the markets remain relatively composed in response to geopolitical events.

Executives share thoughts about the latest Australian federal budget

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Following the federal budget announcement last week, several executives from various businesses across Australia shared with BusyContinent what they’re satisfied with, what they’re not...

How hyperautomation is reshaping the future of customer service

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Many Australian businesses have introduced new technologies to help overcome the challenges of the past two years. This rapid digital transformation has enabled businesses to maintain, and often improve, a seamless customer service experience. But with so many technologies offering solutions to the same problem, many businesses have struggled to identify the best solution and have instead created new problems.