16 Sep THIS WORKING LIFE; TRUST ISSUES
Welcome to this week’s business and media intelligence update.
THIS WORKING LIFE
Two surprising pieces of news on the jobs front from the Australian Bureau of Statistics (ABS), this week – an unexpected (if slight) rise in unemployment and data showing a record number of Australians taking on a second job.
So, are the two related? The rise in the jobless rate from 3.4 per cent to 3.5 per cent in August was driven by a jump in the number of people looking for work, the ABS said on Thursday. Just 24 hours earlier, the ABS revealed the number of people with more than one job hit nearly 900,000 in the June quarter – the highest rate since 1994.
But if you’re the CEO at one of Australia’s top 20 firms, looking for a second job is probably the furthest thing from your mind. That elite group of workers enjoyed a 17 per cent pay rise, on average, in the past year – nine times that received by ordinary workers.
TRUST ISSUES
Companies that win the confidence of consumers when it comes to protecting their data increase their chances of boosting their top and bottom lines, consulting firm McKinsey’s latest Digital Trust Survey shows.
However, it doesn’t appear that many businesses are providing the digital trust that consumers want.
Fewer than a quarter of the 1,300 executives surveyed said their companies were mitigating digital risks, including those posed by artificial intelligence and data retention.
GOD SAVE THE… ROYAL WARRANTS
When Queen Elizabeth II passed away at her Scottish estate in Balmoral last week, more than 600 Royal Warrants passed with her.
The Queen’s Royal Arms symbol has been used by companies not only to show their high standards but to parade the fact that they supply to the Royal Household on a regular basis.
Businesses, including Australian jeweller Hardy Brothers, will have to reapply for a warrant and get the stamp of approval from the new King Charles III.
WHO TAKES THE CROWN FOR TV’S MOST TOXIC BOSS?
In honour of the 75th Emmy Awards this week, Business Insider rounded up 10 of the most toxic bosses from television.
Gus Fring (Breaking Bad), Cersei Lannister (Game of Thrones) and Mr Burns (The Simpsons) were all featured on the list, but it was the narcissistic boss of family-owned media empire Waystar Royco, Logan Roy (Succession), who took out first place.
A favourite among Team Cannings (make of that what you will), Succession landed no fewer than 25 Emmy nominations, the most of any show this year – and took home three awards, including Best Drama Series.
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