Companies welcome revenue growth, but no plans to hire more workers

Canberra Times
January 30 2018

Private companies in Australia and around the world expect to maintain or shed staff numbers in the next 12 months despite being optimistic about their future expansion and revenue growth, a new Deloitte survey has found.   :(

The Deloitte report Global perspectives for private companies to be released on Wednesday surveyed 1882 companies around the world with revenues of between $10 million to $1 billion.

It found that about two thirds of global companies viewed digital disruption as a positive change.

More than half of only 55 Australian companies surveyed did not plan to employ more people despite many planning to expand or increase productivity. Of the 55, seven companies planned to shed staff numbers.   :(

Deloitte Private Chief Strategy Officer Michael Clarke said this suggested that companies would manage growth opportunities through automation and technology "rather than hiring".

"The Australian private market understands that automation doesn't replace jobs, it improves the quality of them," he said.

"Business leaders are taking advantage of automation, cloud and analytics to maximise their resources, but also recognising the importance of holding onto engaged and highly skilled employees to carry out higher value work."

Professor John Buchanan, head of business analytics at the University of Sydney Business School, said the Deloitte survey was based on very small survey samples of about 50 respondents from each country, despite the significantly varied sizes of their populations.

Around two thirds of the private companies surveyed across the world reported that disruption arising from technological change would be positive.

Professor Buchanan said the view of companies did not reflect the view of workers.

"What is perceived to be good by companies is not shared by the entire population," he said.

The Deloitte survey found that roughly two thirds of the executives from each region were optimistic about the success of their company over the next 24 months.

The majority expected their revenues, profits, productivity and capital investments to go up in the year ahead.

Fewer than half (45 per cent) expected to hire more full time employees.   :(

The survey said private companies may be looking at developing more flexible or augmented workforces.

"If increased investments in technology like cloud and analytics are paying off, the outcome of this is companies managing growth by automating processes and augmenting their workforce with technology," the report said.

Deloitte Private partner Tara Hill said Asia was opening up to private companies and many had already expanded into Singapore, Hong Kong and China.

"As confidence and experience increase we are seeing more Australian companies look to other areas of Asia, such as Malaysia and Indonesia as new growth markets," she said.

The Gloom and Doom BlackDay explains that the corrupt unions sending costs thru the roof are the MAIN incentive for companies to replace workers with automation.

But contrary to BlackDay's Socialist GetUp! propaganda there is now a shortage of workers as Mal ramps up company conditions with exports booming and accelerated with the new TPP.

Jobs and growth?.  No, smoke screens and mirrors.   :(

The reclusive inarticulate ineffective BlackDay wows 'em.

Origin Energy slashes 650 jobs in Queensland   :(

30 January 2018  Business News Australia

Origin Energy will slash more than a third of its 1,600 jobs in Queensland with most of the cuts to affect its Brisbane head office.   :(


Staff at the Brisbane-based oil and gas producer and energy retailer were informed by email this morning that around 650 jobs will be cut this year with 500 workers to lose their jobs as early as April.   

The massive cull follows Origin's $1.6 billion sale of its conventional oil and gas arm, Lattice Energy, to Beach in a transaction that is expected to be completed by Wednesday.

It also follows the completion of the ramp-up of production at the new $25 billion Australia Pacific LNG project in Queensland, now the dominant asset in the division after the sale of Lattice Energy.

A company statement says the restructure will result in an increased focus on jobs at operational plant sites with a strong presence in regional communities.

"The loss of jobs is never a decision taken lightly and we are putting considerable effort into completing this process as quickly as we can so we can provide certainty to our people," CEO Frank Calabria says.

"We firmly believe these changes are both necessary and sustainable, in the best interests of Origin and our project partners, and put us in a strong position to achieve our objective of becoming a globally competitive, low cost gas producer."

Origin also says the job cuts were part of its plan to slash costs and protect against swings in commodity prices.

Origin sacked about 800 workers in 2015 when oil and gas prices collapsed, and late last year the company said it would cut more than half a billion dollars in annual costs.

Origin Energy has been through a tough couple of years, marked by weaker oil prices and a third consecutive year of big losses with the 2017 net profit loss of $2.22 billion.

Its cumulative losses since 2015 is $3.8 billion, and since 2014 Origin's share price has been halved, which is roughly in line with the reduction in oil price.

lol.

companies are ALWAYS hiring more staff.

but they want new staff to add value, be enthusiastic and passionate and be in high vibration energy.

if whiteknight walked into a company and asked for a job the general feeling would be that this guy is way to addicted to  :( :( :( :( :( :( :( :( :( :( :( :( :( :( :( :( :( :( :( :( :( :( :( :( :( :( :( :( :(.

and no one wants sad people bringing their toxic disgusting energy to pollute the workplace.

work on bringing enthusiasm, joy and passion.

Seems a lot of them can't even pay the minimum wage.   :(

whiteknight wrote on Jan 31^st, 2018 at 8:12am:

Seems a lot of them can't even pay the minimum wage.   :(

when looking for employment, i would advise that you dont even ask what the wage is.
asking that question immediately frames you as a "taker".

you want to "take" from the business.

take, take,take.

its the same with forming a relationship with a woman.

you dont go in on a first date and ask 'how much sex will i be recieving".
thats disgusting.

you must give first before you recieve.

you give , give , give and then you recieve .

so when you go to a prospective employer, only enquire about how much you can give, will you be able to start work early, does the boss mind if you take work home with you, are you able to take on extra roles and responsibilities, how you can be of service.

never, ever frame yourself as a taker.

with a boss or a new woman....people are disgusted by other people who are needy creepy little takers

If you don't ask what the wages are how do you know what you will be paid?.   :( 

whiteknight wrote on Jan 31^st, 2018 at 6:41am:

Jobs and growth?.  No, smoke screens and mirrors.   :(

Here in North QLD it is the labor party that goes out of its way to destroy jobs, in fact they are working hard toward destroying entire industries.


So not always the libs, not here anyway.

https://thehiddencultureblog.files.wordpress.com/2016/06/simpsons-jobs-and-growth.jpg

whiteknight wrote on Jan 31^st, 2018 at 9:40am:

If you don't ask what the wages are how do you know what you will be paid?.   :(

think laterally dude.

you go in and you just ask about what responsibilities you can have, how much you can contribute, how you love to face a challenge and how your greatest joy is solving a problem.
you dont even mention $$$.

now the employer thinks "wow , this guy is the sh***t, youre hired".

if i was asked what pay i expected, i would say that having a purpose in life and having a "function" is way more important to me (as a man on his mission in life) then the cash.

now, youre probably not just hired, they are already sizing you up for a promotion.

employers want to hire people whose "cup runneth over".
they want to hire people who live in abundance.

if you are needy and desperate, they wont hire you.
same as if you try that needy desperate crap with women, they wont sleep with you.

remember this Whiteknight.
its the most important bit of advice you ever got.

"the hungry dont get fed".

its the matthew principle dude.
(look it up)

aquascoot wrote on Jan 31^st, 2018 at 11:12am:

whiteknight wrote on Jan 31st, 2018 at 9:40am: If you don't ask what the wages are how do you know what you will be paid?.   :(  think laterally dude. you go in and you just ask about what responsibilities you can have, how much you can contribute, how you love to face a challenge and how your greatest joy is solving a problem. you dont even mention $$$. now the employer thinks "wow , this guy is the sh***t, youre hired". if i was asked what pay i expected, i would say that having a purpose in life and having a "function" is way more important to me (as a man on his mission in life) then the cash. now, youre probably not just hired, they are already sizing you up for a promotion. employers want to hire people whose "cup runneth over". they want to hire people who live in abundance. if you are needy and desperate, they wont hire you. same as if you try that needy desperate crap with women, they wont sleep with you. remember this Whiteknight. its the most important bit of advice you ever got. "the hungry dont get fed". its the matthew principle dude. (look it up)

Does one do this whilst one's tongue is down the back of his trousers, or after?

BigOl64 wrote on Jan 31^st, 2018 at 10:33am:

whiteknight wrote on Jan 31st, 2018 at 6:41am: Jobs and growth?.  No, smoke screens and mirrors.   :( Here in North QLD it is the labor party that goes out of its way to destroy jobs, in fact they are working hard toward destroying entire industries. So not always the libs, not here anyway.

That's North Queensland - not Australia...

Exactly how is Labor setting about destroying jobs up there?

greggerypeccary wrote on Jan 31^st, 2018 at 11:16am:

aquascoot wrote on Jan 31st, 2018 at 11:12am: whiteknight wrote on Jan 31st, 2018 at 9:40am: If you don't ask what the wages are how do you know what you will be paid?.   :(  think laterally dude. you go in and you just ask about what responsibilities you can have, how much you can contribute, how you love to face a challenge and how your greatest joy is solving a problem. you dont even mention $$$. now the employer thinks "wow , this guy is the sh***t, youre hired". if i was asked what pay i expected, i would say that having a purpose in life and having a "function" is way more important to me (as a man on his mission in life) then the cash. now, youre probably not just hired, they are already sizing you up for a promotion. employers want to hire people whose "cup runneth over". they want to hire people who live in abundance. if you are needy and desperate, they wont hire you. same as if you try that needy desperate crap with women, they wont sleep with you. remember this Whiteknight. its the most important bit of advice you ever got. "the hungry dont get fed". its the matthew principle dude. (look it up) Does one do this whilst one's tongue is down the back of his trousers, or after?

On this occasion I forgive your strikethroughs.... but this is not be viewed as a precedent.....

Sir Grappler Truth Teller OAM wrote on Jan 31^st, 2018 at 7:15pm:

BigOl64 wrote on Jan 31st, 2018 at 10:33am: whiteknight wrote on Jan 31st, 2018 at 6:41am: Jobs and growth?.  No, smoke screens and mirrors.   :( Here in North QLD it is the labor party that goes out of its way to destroy jobs, in fact they are working hard toward destroying entire industries. So not always the libs, not here anyway. That's North Queensland - not Australia... Exactly how is Labor setting about destroying jobs up there?

Good old Clive Palmer does a great job up there for employment. The god of all Liberals - lib president who started his own conservative party.

Unfortunately he spent all the money and sent his company to the wall.

Hear he recently went back to the office to retrospectivly approve the money that he already spent from the business years ago.

Quote:

Companies With No Plans To Hire More Workers

Companies employ workers because they need more workers, not because they have got more money.

Just part of the trickle down fallacy.

Most people can not understand that th Australian economy is just a money recycling scheme.  I pay paul to fix a tap and then paul pays me to paint the bathroom.  Round and round.

Australia has a problem with lack of wealth creation, and with a growing economy, and a money pot that stays the same, it means everyone gets less and less as the money gets distributed to more and more.