COVID-19 and the job market

COVID-19 and the job market 29 May 2020 How COVID-19 is affecting the Australian employment market and what it means for your job The coronavirus outbreak has had a major impact on Australians’ livelihoods. Many working Australians have needed to adjust to a loss of income resulting from working from home, reduced working hours, and in some cases loss of employment as government restrictions have taken hold. Let’s look at the state of play in …

Econosights: The impact of Covid-19 on the Australian labour market | AMP Capital

Econosights: The impact of Covid-19 on the Australian labour market Key points Most industries are feeling some negative impact from the coronavirus disruption via reduced employee hours, wage cuts, stood down workers or permanent staff reductions. On our estimates, around 41% of jobs are at a high risk of lower work hours, being stood down or terminated. However, the Federal Government’s well designed JobKeeper wage subsidy scheme should see most of these employees kept in …

Market Update 17 April 2020 | AMP Capital

Investment markets and key developments over the past week Share markets, with the exception of European shares, pushed higher again over the last week on ongoing signs that the coronavirus curve is flattening in a number of countries which is resulting in a move towards relaxing lockdowns amidst promising reports regarding anti-viral drug tests. While Australian energy stocks were hit as oil prices fell, the local share market was pushed higher again by a strong global …

Tax concessions, the work test and getting it right with super | AMP Capital

Tax concessions, the work test and getting it right with super Workers compensation and income protection If you are in an employment arrangement and receiving: workers compensation payments from their employer or insurer, or income protection payments from their employer, insurer or super fund …you may still be gainfully employed and satisfy the work test even though you are not currently undertaking physical work providing any payment has a connection to your employment arrangement. If …

Can I go back to work if I’ve accessed my Super?

Can I go back to work if I’ve accessed my Super? When you access your super at retirement your super fund may ask you to sign a declaration stating that you intend to never be employed again. But there may be compelling reasons why someone would subsequently return to work. According to the Australian Bureau of Statistics (ABS) the most common reasons retirees return to full or part-time employment are financial necessity and boredom.i Regardless of …

Can I put money into super when I’m 65 or over?

Can I put money into super when I’m 65 or over? If it’s a voluntary contribution, you’ll need to have worked for at least 40 hours within a 30-day period under work test requirements. If you’re 65 or over, you can continue to build your superannuation with compulsory employer contributions (such as Super Guarantee contributions your employer pays where you are eligible). However, if you’re making voluntary contributions, which you may do through salary sacrifice (which is …

Econosights – The end of Japanese stagnation?

Econosights – The end of Japanese stagnation? Key points Years of low growth and inflation are gradually turning around in Japan thanks to the slow-moving impacts of Abenomics combined with a strong global economy. A lift in growth and employment reforms are increasing participation in the labour market, adding to an already tight labour market. Recent wage agreements will add to inflation. The solid economic cycle and good corporate health is positive news for Japanese …

Separating fact from fiction when it comes to superannuation

Separating fact from fiction when it comes to superannuation If you’re wondering whether super is improving retirement outcomes for Australians, we take a look at some of the findings. If you’ve got compulsory super contributions coming out of your wages or salary, or you’re making voluntary contributions, or both, you’re probably keen to know how super is making a difference to everyday Aussies, if at all, given it’s a system that has now been in …

Give your career a health check

Give your career a health check Health… check. Finances… check. Career… check? Are you happy at work? Do you jump out of bed excited about tackling your next project? Or are you counting down the days until your holidays or retirement? If you answered ‘yes’ to the last question, it might be time to give your career a health check. We all know the benefits of having regular medical check-ups but, just like your body, …

Do parents make good employees?

Do parents make good employees? Research reveals surprising correlations between productivity and parenthood. It’s official: Australia is the most expensive country to live ini. So it’s no wonder that more and more parents are working while raising a family. In fact, recent media reports say Aussie parents work more than parents in other countriesii and 90% of Australian mothers always or often feel rushed or pressed for timeiii. But what’s the impact on the work …