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Ignite shareholders wake up (and other news of note to end the year)

By Ross Clennett | Dec 23, 2020

To finish 2020 here’s a quick summary of good news, not-so-good news, the same old story and, to conclude, I offer a few things to think about as you contemplate 2021. The good news Australia is officially out of recession, with the economy expanding 3.3 per cent in the September quarter as restrictions eased and…

By Ross Clennett | Dec 17, 2020

The WorkPac v Rossato ‘double dipping’ has recently reached the next stage when, four weeks ago, the High Court granted special leave to appeal the original decision, handed down in May this year. WorkPac was ordered to pay Mr Rossato his full leave entitlements that are owed to him as a permanent employee. The court…

By Ross Clennett | Nov 26, 2020

It’s been a difficult year for agency recruiters with the economic impact of the COVID-19 restrictions wreaking a level of havoc that nobody could have foreseen this time last year. However, SEEK’s co-founder and CEO, Andrew Bassat, provided us all with a good belly laugh when, as reported by industry news service ShortList, he told…

By Ross Clennett | Nov 17, 2020

After Recruit Holdings released its results yesterday afternoon, fourteen global recruitment agencies have now released quarterly updates for trading results to 30 September 2020. The September 2020 quarter median gross profit decline was 16 per cent, compared to the same quarter in 2019, a substantial improvement on the June 2020 quarter median decline of 30…

By Ross Clennett | Nov 6, 2020

This morning, while the eyes of the world were watching the US election count enter its third evening, the New Zealand Prime Minister, Jacinda Ardern, was sworn in for a second three-year term in office. New Zealanders were certainly keen to participate in the democratic process with the official turn out for the 17 October…

By Ross Clennett | Oct 30, 2020

The cat was well and truly thrown among the pigeons yesterday when SEEK was the subject of a report by activist shareholder Blue Orca that its legacy job board business is stagnating, its Chinese online recruitment platform Zhaopin is inundated with false and fraudulent postings and it is carrying increasingly toxic levels of debt. “Zhaopin’s…

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The richest schools are charities, as are the likes of AI Group and NSW Bus Chamber, organisations which fight against higher pay and better conditions for workers, enjoy charity and tax exempt status. Why should taxpayers foot the bill? https://tinyurl.com/y3w9ydll @MichaelWestBiz

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NZ is the only developed country to have recorded zero deaths in the past 3 mths. Aus is the only country to have recovered from heavy deaths in Aug (455) and Sept (234) and to have achieved close to zero now, (one in Nov and one in Dec.) https://tinyurl.com/y3gp9jyr @MichaelWestBiz

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Meteorological services around the world have embraced climate attribution science, which ascertains the effect of climate change on extreme weather events. Not so Australia’s @BOM_au which is remarkably coy about its work in this field. https://tinyurl.com/y4cs2fw7

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The US lost 140,000 nonfarm jobs in December when compared to November amid the increase in Covid-19 cases, but it gained 67,600 temporary help services jobs, according to seasonally adjusted numbers released by @BLS_gov https://tinyurl.com/yxq8t63s @SIADailyNews