Week in brief June 5 2012

working_womenAll the smaller - and occasionally weird, wild, bizarre or hilarious – business-related news to emerge this week from Australia and across the globe.

All the smaller - and occasionally weird, wild, bizarre or hilarious – business-related news to emerge this week from Australia and across the globe.




New data from the ABS shows Australian women, on average, currently earn 17.4 per cent less than men. The Equal Opportunity for Women in the Workplace Agency (EOWA) says this gender pay gap short-changes women $250.50 a week, or $13,026 a year. And for the record, Western Australia has the largest gender pay gap of 25.8 per cent (no surprise, given the mining boom) and the ACT has the lowest at (12.0 per cent). ABS data shows the gender pay gap was 17.6 per cent in November 2011 and that it has consistently hovered around 15-18 per cent over the last two decades. SME owners keen to level the playing field can find some EOWA tips on how to do so here.

The newly released Counting the Cost: The Impact of Young Men’s Mental Health on the Australian Economy report, by Inspire Foundation and Ernst & Young, highlights that mental illness in young men in Australia costs the Australian economy $387,000 per hour and over nine million working days lost per annum . While the Federal Government bears 31 per cent of this cost, the report says remainder is carried by companies, organisations and individuals. The report concludes that these figures cannot be ignored by the business sector, and that engaging employers and business groups in the development and delivery of mental health initiatives will assist in cultivating a larger, higher skilled and more productive Australian labour force while addressing the issue of young men’s mental illness. Download the report now at www.inspire.org.au and www.youngandwellcrc.org.au.


In an Australian-first, members of The Tax Institute now have the opportunity to apply for Chartered Tax Adviser (CTA) status, allowing their credentials to be recognised in a number of international jurisdictions including the UK, Europe and Ireland thanks to a unique internationally recognised designation secured by The Tax Institute. Until this year the Chartered Tax Adviser designation was held only by members of the UK’s prestigious Chartered Institute of Taxation, but it has been extended in a bid to recognise and promote the highest standards of tax advice internationally. The Tax Institute is only the third tax body to be granted the ability to designate its members as Chartered Tax Advisers.

Customer relationship management consultant SugarCRM is this month hosting seminars in Perth (June 12) and Brisbane (June 14) aimed at helping businesses become more market driven and customer-centric by re-imagining their sales and marketing processes. For more info and to register, click here.

Follow @mybusinessau on Twitter for breaking stories throughout the day.


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