The purpose of this monthly report is to provide you with an opportunity to better understand recent news at both a macro & micro level, to understand topical trends covered in the media around the economy and the contingent workforce - both locally & globally, and to discuss how these may impact business in Australia and New Zealand.

1. A CXC Global Knowledge Initiative
Monthly Media Brief
Employment | The Economy | Contract Work
May 2015

2. INTRODUCTION
The purpose of this monthly report is to provide you with an opportunity to
better understand recent news at both a macro & micro level, to
understand topical trends covered in the media both locally & globally, and
to discuss how these may impact business in A/NZ.
1

3. THE ECONOMY
This is a summary of the coverage around the
economic outlook for Australia for the period:
20 May 2015 – 3 June 2015.

4. ECONOMY UPDATE
"This data is so bad it
would worry the Reserve
Bank and raises the risk
they will cut rates again
ahead."
- UBS economist George
RBA will hold interest
rates for now
1
There’s a recessionary feel
to some coverage: slipping
from ‘bleak’ to
‘recessionary’ last week in
the SMH – with private
capital expenditure down
Recessionary Feel
2
Assistant Treasurer Josh
Frydenberg: super tax
change could come after
the election
Potential changes to
super laws on the
horizon
3
According to chief economist,
Warren Hogan, confidence is
being upheld by positive
reactions to the federal budget
as well as continued house
price gains, which has offset
otherwise poor household
fundamentals
Consumer
Confidence Flatlined
4

5. Mining as well as non-
mining firms are
planning to slash
investment in the year
ahead, cutting total
investment spending by
21 per cent
Decrease in mining
industry investment
5
Mining investment down 34%
Manufacturing sector
Investment down 24%
Other sectors down 6.1%
Survey of Chief
Financial Officers
6
A
B
C

6. JOBS OUTLOOK
This is a summary of the coverage around jobs outlook
for Australia for the period: 20 May 2015 – 3 June 2015

7. JOBS OUTLOOK
A
B C
Unemployment Rate
Largely flat, with an expectation of slight
increase in unemployment rate – from 6.2% to
6.5%
A
Shift to Digital
Shift to digital means many jobs are at risk:
especially retail & admin in financial services, sales,
office etc
B
US Jobs
US jobs data looking positive: encouraging signs
of confidence from both employees and
employers
C

8. CONTINGENT
WORKFORCE
COVERAGE

9. CONTINGENT WORKFORCE COVERAGE
A slight increase in coverage on contingent working: the
increasing prevalence, the strategic direction taken & under
consideration by employers
Meeting the needs of
business flexibility is a key
driver
Risks are still at the forefront:
worker classification webinar
(HR Anywhere presented,
hosted by ITCRA)
Quality of contingent worker
is increasingly discussed
1
2
3
Integration issues are prevalent too:
how deeply integrated should
contingent workers be with full timers?.
Engagement levels are an issue: the
more engaged contingent workers are,
the better their output. This plays
against the rules of worker
classification however – deeply
integrated contractors could be deemed
employee
4
5
4
5
2
3
1

10. Sources
Economy & Jobs:
1. Capital investment down http://bit.ly/1Q5UIj0
2. Consumer confidence http://bit.ly/1BKiOnC
3. Super tax change http://bit.ly/1eQaf5U
4. Business expectations survey http://bit.ly/1eQbeD6
5. Business expenditure down http://bit.ly/1eQbnGG
6. Digital Shift means some jobs on the decline:
http://bit.ly/1BKdAbx
7. US jobs outlook http://on.wsj.com/1RKsgjX
Contract Work:
1. Australia’s need for flexibility in the workforce:
http://bit.ly/1FtsGDI
2. Blending contractors & in-house staff:
http://bit.ly/1Ftt0SW
3. Worker quality: http://bit.ly/1d2NF8K
4. Contract worker engagement: http://bit.ly/1IgX47E
5. Blending contractor & perm workforces:
http://bit.ly/1Ftt0SW

11. Contact CXC Global Level 6, 9 Hunter St Sydney NSW 2000Address:
Phone:
Web:
E-mail:
+61 1300 724 082
cxcglobal.com.au
info@cxcglobal.com.au