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Business & Finance Workforce & Business Changes, Layoffs, BCPs

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If you make someone redundant who has been there 3 years and has 4 weeks annual leave accrued you would have to pay them out 4 weeks annual leave, plus 7 (IIRC) weeks as a redundancy payment that would be taxed differently for them but the same cost to the business. So an 11 week hit up front. They would then be eligible for Newstart or similar once the criteria for that is met.

If you stand them down, you are at most up for paying out the 4 weeks annual leave over 4 weeks then the $1500 thing kicks in. It's meant to be in place for 6 months so if you want to make them redundant after 6 months you are still up for the 7 week payout (8 if they tip over to 4 years service) plus another two weeks of annual leave which will have accrued.
 
Bump. How is everyone going with this?

We’ve been back in the office for a few weeks now, but with the new financial year we’re expecting the cuts to start biting soon.
 
Cruyff14 said:
Still WFH. I work in the insurance sector for the building industry so pretty safe.

I doubt we return to the office properly until 2021.
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the trade in coffee shops in west perth, is still down 50%

that's not sustainable for the poor owners. fingers crossed for normality sooner rather than later.
 

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In office 3 days a week.

Elevators have a 3 person limit so in a 19-floor building you can imagine the lobby at peak times. Yet another braindead idea throughout this saga

Think WFH will remain a constant forever now which is great. Can't say I'll be commuting anywhere in 40-degree heat over summer when the cricket and air conditioner is on.

I think the worst is yet to come overall yet though. When banks want their money back in September (?) it'll get uglier yet sadly
 
Power Raid said:
the trade in coffee shops in west perth, is still down 50%

that's not sustainable for the poor owners. fingers crossed for normality sooner rather than later.
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May never return for many of them. There are so many coffee shops in our CBD I'm not sure how some survived pre-covid let alone now.
 
Still at home, have gone into the office twice since March - once to farewell someone who was made redundant and another for a team lunch to catch-up with a few colleagues.

Otherwise, it's business as usual at home.

Company has made their redundancies and gone through rather drastic cost cutting measures. Hopefully it will be the last of it that or at least those measures beared the most brunt so further measures aren't so drastic.
 
One of the largest shifts from employment came through tha massive big 4 forms, Accenture, KPMG and Delloitte.

Laid off thousands of highly paid specialists as nd PM's. None of them can get nearly whaty they were on before. They have large debts as well.
 
burge13 said:
In office 3 days a week.

Elevators have a 3 person limit so in a 19-floor building you can imagine the lobby at peak times. Yet another braindead idea throughout this saga

Think WFH will remain a constant forever now which is great. Can't say I'll be commuting anywhere in 40-degree heat over summer when the cricket and air conditioner is on.

I think the worst is yet to come overall yet though. When banks want their money back in September (?) it'll get uglier yet sadly
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What do you do for work?
 
Been at home since January. My boss is almost demanding we're back in the office at least 3 days a week starting next week despite us being able to do 99% of our jobs from home. I have had a few heated discussions with him about it.
 

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Sinjin Smith said:
One of the largest shifts from employment came through tha massive big 4 forms, Accenture, KPMG and Delloitte.

Laid off thousands of highly paid specialists as nd PM's. None of them can get nearly whaty they were on before. They have large debts as well.
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I work for one of those companies you've listed who hasn't actually stood down or laid anyone off during this time yet - it's quite amazing.

No plans whatsoever to return to the office, I imagine it'll be in 2021 at earliest.
 
Back in the office for logistics and even got a nice bonus for the all the hard work we put in this year. It's not as much as some industries I'm sure but it shows we are doing OK.
Was going to be looking for a new job this year due to money and location reasons but nothing much out there right now. Should probably be thankful I have one
 
I was stood down for 3 months but effectively worked 1 day per week over that period. My company didn't qualify for jobkeeper but I was lucky I had 7 weeks of AL accrued, which I used up over that period. I've been back full time for a month now and working entirely from home.

Even though I'm back at work I am finding this lockdown harder. It's pretty depressing seeing doom and gloom everyday with no end in sight.
 
dales.girl38 said:
I was stood down for 3 months but effectively worked 1 day per week over that period. My company didn't qualify for jobkeeper but I was lucky I had 7 weeks of AL accrued, which I used up over that period. I've been back full time for a month now and working entirely from home.

Even though I'm back at work I am finding this lockdown harder. It's pretty depressing seeing doom and gloom everyday with no end in sight.
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It will be better. Unfortunately Victoria has more dickheads than other states
 
dales.girl38 said:
I was stood down for 3 months but effectively worked 1 day per week over that period. My company didn't qualify for jobkeeper but I was lucky I had 7 weeks of AL accrued, which I used up over that period. I've been back full time for a month now and working entirely from home.

Even though I'm back at work I am finding this lockdown harder. It's pretty depressing seeing doom and gloom everyday with no end in sight.
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It all gets back to "normal" eventually once they plug the leaks and wipe up the mess
 

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More choppy choppy this last week. People laid off. My team is down to about half of it's 2019 size now. I'm expecting the shit jobs and demands will also reduce by a comparable amount. I'll let you know how that works out for me.

And, literally mere hours after the chop, we get a pep talk about how the product will be around for a lot longer yet and needs support and blah, blah, blah. And that if more chops come, it will be other divisions with less mature products that will feel it more. Revenue is apparently way down and I reckon 2020 is about cooked from that perspective.

So I'm in "hard save" mode, expecting to be unemployed by Christmas.
 
Larry Barnsworth said:
More choppy choppy this last week. People laid off. My team is down to about half of it's 2019 size now. I'm expecting the sh*t jobs and demands will also reduce by a comparable amount. I'll let you know how that works out for me.

And, literally mere hours after the chop, we get a pep talk about how the product will be around for a lot longer yet and needs support and blah, blah, blah. And that if more chops come, it will be other divisions with less mature products that will feel it more. Revenue is apparently way down and I reckon 2020 is about cooked from that perspective.

So I'm in "hard save" mode, expecting to be unemployed by Christmas.
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whats your product (roughly )
 
Bump. How are people going?

I’m looking to jump across into another business line, and every job I apply for the competition is ridiculous.

I feel for anybody who is out of work at the moment, it must be hellish trying to get back in.
 
Caesar said:
Bump. How are people going?

I’m looking to jump across into another business line, and every job I apply for the competition is ridiculous.

I feel for anybody who is out of work at the moment, it must be hellish trying to get back in.
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I interviewed last week for an analyst role where there were 158 applicants (this isn't as good as it sounds, I really doubt I get it LOL). if 158 people are applying for roles like this I can only imagine what admin workers or entry-level applicants are going through. Must be 500+ for some jobs. Wouldn't surprise me if some jobs had 1000 applicants which is crazy, not sure what people are going to do. My best advice is to study to stand out from the crowd

Still have my job so other than boredom it's not bad.

Still WFH 2 days a week by choice, office is never more than 40-50% capacity but not by design, there's just always people staying home. A move to a smaller office would be smart and assume this is standard across the board now in office settings

CBD is at best half as busy as it used to be. Again, not sure it ever returns to normal. Suspect this is the standard now but is school holidays so maybe it jumps a bit in a few weeks, we'll see.

A lot of shops, cafes & offices vacant. Quite sad as almost all of these were open and viable only 12 months ago. A lot of livelihoods ruined sadly...
 
That blows. I've advertised a role at my work and am getting diddly squat. Not a skilled role but nevertheless
 

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