Legal dept. heads expect little help despite workload boost, Ashurst study finds.
Despite an anticipated boost in workload, 75% of legal department heads are expecting little help to come in the form of increased headcount, a study conducted by Ashurst and OMC Partners has found.
A total of 64% of respondents reported that workload could increase by up to 30%, with a significant chunk originating from regulatory, data protection, employment and ESG-related matters. However, not only is headcount expected to remain stagnant, but more than 40% of heads are looking to limit spending by up to a third, according to the report, entitled Legal Operations – the shape of things to come. Read More
One of the nation’s biggest fuel and convenience retailers says stringent rules for overseas workers is fuelling a ‘black market’ economy.
Major fuel and convenience retailer 7-Eleven says the federal government should scrap capped working hours for foreign students as it is leading to vulnerable people being exploited within the workforce.
Fronting a senate committee into Australia’s temporary migration program, 7-Eleven chief executive Angus McKay said overseas students were subject to poorer conditions due to black-market style working arrangements fuelled by limited working hours. Read More.
BIS warns on house price rises, run-up in government debt amid ultra-low interest rates
In its latest annual report and economic outlook, the BIS was generally upbeat, with its “central scenario” that the global recovery that has taken hold, at least across many developed economies, will continue as vaccine rollouts progress. However, it sounded a few notes of caution which are clearly relevant to Australia.
The Bank for International Settlements is optimistic the global economy has weathered the worst of the COVID storm.
The BIS warns that a global surge in house prices may lead to lower economic growth in the medium term. It also warns governments not to count on continued low-interest rates to stay on top of their growing debts. Read More
A new skills list released by the federal government has revealed where future jobs will be located in the Australian economy.
A new report launched by the Morrison government has unveiled which jobs will have strong demand in the future economy. The new Skills Priority List showcases where government officials anticipate strong demand for jobs in the future. Technology, planning and health work are among some of the job areas where the report believes there will be a stronger demand. Read More
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