This Month
Forget year-end bonuses for working hard – this firm rewards joggers
A Chinese paper maker has decided to scrap annual payouts for something healthier – a monthly wad of cash based on how much its employees exercise.
- Shirley Zhao
Leaked pay reveals law firm’s $7m ‘super partners’
The pay that the four Corrs Chambers Westgarth partners are in line for blows out much of the legal industry.
- Mark Di Stefano
Canadian bank bonuses poised to rise by an average 9pc
Money set aside to pay annual bonuses, usually in December, is higher than expected given a broadly disappointing year for dealmaking.
- Christine Dobby
- Exclusive
- BOSS
Revealed: Australia’s 50 highest-paid CEOs in 2023
Despite topping the pay ranks, Macquarie Group’s Shemara Wikramanayake is just one of two women on the list.
- Patrick Durkin
November
ANZ links bonuses to office attendance
The bank’s employees have been told their annual reward may be slashed if they fail to spend at least half of their scheduled working hours in the office.
- Euan Black
What your income and age say about how happy you are
Self-reported wellbeing was notably lower for younger people and those in households with incomes of $100,000 or less, compared with those earning more.
- John Kehoe
Grant Fenn should be accountable for Downer woes, proxy groups say
Downer EDI is poised to cop a protest vote against exec pay at this week’s AGM after advisers queried share rights awarded to its former CEO.
- Jenny Wiggins
Outlook for jobs market looking increasingly challenging
Workforce participation hit a record last month, driven by a record result for women, but while many people found employment almost 28,000 joined the dole queue.
- Updated
- Ronald Mizen
Wages growth hits 14-year high, fuelling inflation fears
Accelerating wages growth will fuel domestic inflation and keep pressure on the RBA to raise interest rates if not matched with higher productivity.
- Updated
- Michael Read and David Marin-Guzman
Accounting firms look offshore amid ongoing talent drought
Accounting firm leaders are still having trouble hiring and retaining quality staff, and are increasingly sending work offshore to countries with low labour costs.
- Edmund Tadros
Top US law firm moves away from ‘lockstep’ partner pay as rivals circle
Wall Street rivals that already employ an ‘eat what you kill’ model have poached talent from Cravath with offers of bigger pay packets.
- Joe Miller and James Fontanella-Khan
- Exclusive
- Working from home
Companies have started linking bonuses to working in the office
Origin Energy and Suncorp Group employees risk having their bonuses cut if they do not comply with rules around minimum office attendance.
- Euan Black
October
- Exclusive
- Skills shortage
The 10 jobs that landed the biggest pay increases last year
Project engineers, customer service workers and market research analysts are among the occupations that secured the largest pay rises in 2022-23.
- Euan Black
- Exclusive
- Industrial relations
More machines and casuals the cost of Labor’s workplace rules
Past industrial relations changes making it harder to sack workers led to the hiring of more casual staff and the replacement of workers with machines, new research reveals.
- John Kehoe
Engineers and cyber talent earn big bucks as other tech workers suffer
Day rates for most IT contractors are failing to keep pace with inflation, but cybersecurity experts and software developers are doing just fine.
- Euan Black
- Opinion
- Chanticleer
The curious case of Goldman Sachs’ pay jump
Angst with Goldman CEO David Solomon appears to have stemmed from pay cuts at the bank last year. That’s now reversing, despite an uncertain outlook at the bank.
- James Thomson
- Exclusive
- Investment banking
Barrenjoey pays bankers’ bonuses in monthly instalments
The investment bank’s staff, who hold about 45 per cent equity in the business, previously received their cash bonuses in quarterly intervals.
- Aaron Weinman
September
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Why execs can now expect big bonuses no matter what
C-suite leaders in major banks and insurers may be able to receive up to half their long-term pay boosts without meeting strict performance criteria.
- Sally Patten
UNSW ‘knowingly’ kept poor pay records in face of underpayments
The workplace watchdog has launched court action against the university over payroll practices so inadequate it could not work out if casual academics were underpaid.
- David Marin-Guzman
- Opinion
- Jobs
Chalmers can’t wish his way to lower unemployment
Labor needs more than small-target ‘Hollowmen’ policies to keep the jobless rate sustainably low without pushing up inflation and help the Reserve Bank.
- John Kehoe
