Latest news with #business leaders
The Australian
3 days ago
- Business
- The Australian
Performance across six-step framework is a must for the best
The Australian Best Places to Work 2025 is produced in partnership with the leading employee-experience platform WorkL, which helps organisations to measure, track and improve employee experience with surveys. The Australian Best Places to Work survey uses 35 questions from WorkL's employee engagement survey, developed by behavioural scientists, data analysts, psychologists, business leaders, academics and other independent parties to most accurately monitor employee engagement and wellbeing in the workplace. To achieve a high overall engagement score, an organisation must consistently perform well across WorkL's six-step framework, encompassing: 1. Reward and Recognition 2. Instilling Pride 3. Information Sharing 4. Empowerment 5. Wellbeing 6. Job Satisfaction It is not possible to trade off one dimension against another. In a highly engaged workplace, all six steps will be seen positively by employees, albeit to varying degrees. Each of WorkL's Six Steps consists of between three and five key elements, which are measured on a 0-10 scale. An organisation's overall engagement score is the sum of all question responses, divided by the maximum possible value as a percentage. This Australian Best Places to Work survey asks employees to respond to statements including: • I am happy with the hours I work • I am fairly paid • I am recognised when I do something well • I do something worthwhile • I feel proud to work for my organisation • Information is freely and openly shared with me • I have enough information to do my job well • My views are heard at work • I understand the organisation's plan • I am trusted by management and my colleagues to make decisions • I have the tools and training to do my job well • My organisation cares for my wellbeing • I don't often feel anxious or depressed about work • I feel happy at work • I am treated with respect • I have a good relationship with my manager • I am developing in my role • I work in a well-run organisation To be successfully accredited as an Australian Best Place to Work, organisations must achieve a minimum 70 per cent overall engagement score. Our banding threshold is based on both independent and WorkL commissioned research on employee engagement initiatives and is reinforced by WorkL's benchmarking data of more than 115,000 organisations. For an accurate representation of employee sentiment, organisations were required to send the survey to as many current employees as possible. For The Australian Best Places to Work 2025 listings online visit www. To enter the awards for next year, go to
Irish Times
4 days ago
- Business
- Irish Times
Irish businesses increasingly focused on staff pressures, report says
Irish business leaders are increasingly focused on staff pressures, mounting costs and digital risks, while placing far less emphasis on threats such as physical crime, legal disputes or debt servicing, a new report shows. The inaugural Business Risk Index for Ireland, compiled by insurance broker Gallagher, shows a shifting landscape of concern and operational uncertainty. The report, which captures the views of 200 leaders across small, medium and large enterprises, highlights that today's commercial risk environment is being shaped less by traditional threats, and more by evolving workforce and cyber threats. The top concern for Irish businesses right now is employee retention, cited by 29 per cent of respondents, with this figure rising to 40 per cent among companies employing more than 150 people. READ MORE Next is the cost-of-living crisis, seen as a serious threat by 27 per cent of businesses and most acutely felt by companies with between 10 and 50 employees, where concern spikes to 34 per cent. Concerns around sector competition (22 per cent), cybercrime (21 per cent) and a lack of skilled talent (19 per cent) also rank high on the corporate risk radar. The cost of salaries was flagged as a risk by 15 per cent of respondents, as was the cost of materials (14 per cent), and compliance with regulations (14 per cent). These challenges are affecting firms across all sectors and sizes. Risks related to legal issues – with employees, clients or suppliers – as well as business interruption, vandalism or theft, and the cost of servicing debt, were among the least frequently mentioned. When asked about the broader trading environment, Irish business leaders were notably cautious. More than one in three (35 per cent) said that trading conditions had worsened over the past 12 months and that it was now riskier to run a business. Another 24 per cent felt that although the trading environment had not changed dramatically, the type of risks they face has evolved. About 20 per cent of businesses reported stability in both trading and risk terms – a view most common among smaller firms. Just 5 per cent said that the environment had become less risky.
Bloomberg
4 days ago
- Business
- Bloomberg
Mamdani Talks ‘Intifada', Taxes in Grilling by Business Leaders
New York City mayoral candidate Zohran Mamdani told business leaders that he would begin to discourage the use of the phrase 'globalize the intifada' after being pressed on his views by Pfizer Inc. chief executive Albert Bourla, according to people with knowledge of the matter. Mamdani, the 33-year-old democratic socialist who shocked New York City's business and political establishment by beating Andrew Cuomo in last month's Democratic mayoral primary, met Tuesday with about 100 business leaders from the Partnership for New York City. The group is a 350-member coalition of the city's largest banks, media companies, and investment, real estate, and law firms.
ABC News
4 days ago
- Business
- ABC News
China's Premier Li Qiang calls for more economic ties with Australia in meeting with Anthony Albanese
China's Premier Li Qiang has urged Australia to fight back against protectionism during meetings with Prime Minister Anthony Albanese and Australian business leaders in Beijing, suggesting the two countries should draw closer together in the face of global economic uncertainty. It comes as the prime minister prepares to make a trip to the Great Wall of China on Wednesday, following in the footsteps of former Australian prime ministers Gough Whitlam and Malcolm Fraser. Mr Albanese and Mr Li sat down for an annual leaders meeting on Tuesday evening, as well as hosting a roundtable meeting with a high-powered group of Chinese and Australian business leaders. In a thinly veiled swipe at the Trump administration's chaotic "liberation day" tariffs and its push to up-end trading ties with key partners, China's second-most-senior leader emphasised the importance of maintaining open markets and predictability. He also suggested Australia and China should respond together in the face of "growing instability and uncertainty in the global economy." "The development of all countries is faced with new challenges [and] given such circumstances, China and Australia as important trade partners, should strengthen dialogue and cooperation," he said. "The significance of us doing so is becoming more notable." In a joint statement issued after the meeting, the two countries also said they had agreed to "continue to grow the bilateral relationship, enhance exchanges and cooperation in areas of shared interest, uphold their respective national interests, and navigate their differences wisely". The meeting came after Mr Albanese met with China's President Xi Jinping, who used more veiled language to refer to the Trump administration, saying Australia and China should commit to "equal treatment" and cooperation "no matter how the international landscape may evolve." The prime minister and premier also oversaw the signing of six agreements designed to encourage economic cooperation and business ties across a host of different areas including tourism, agriculture and renewable energy. But the premier's language in the meetings with Mr Albanese and business leaders left little question that China had picked up on Australia's growing anxiety about the Trump administration's assault on the international trading system. Mr Li's comments also illustrate how China is trying to present itself as a champion of free trade and exploit resentments with the Trump administration's aggressive approach. "We hope that you will embrace openness and cooperation, no matter how the world changes," the premier told the gathered business chiefs. Earlier, Mr Albanese told reporters that Mr Xi did not directly raise his election promise to effectively force a Chinese company to give up the Port of Darwin — a commitment that has been forcefully criticised in the Chinese media. Mr Li did not directly refer to the Port of Darwin in his public remarks but said he "trusted" that Australia would "treat Chinese enterprises fairly and also properly resolve the issues of market access". The prime minister has now wrapped up his high-level meetings in China and will travel to the Great Wall of China near Beijing on Wednesday, just as Gough Whitlam and Malcolm Fraser did in the 1970s. Mr Albanese is likely to emphasise Labor's role in restoring Australia's ties with the People's Republic of China under Mr Whitlam. After that, the prime minister will fly to the teeming city of Chengdu in the mountainous central province of Sichuan for the final leg of his China trip.
Forbes
4 days ago
- Business
- Forbes
Tracking 2025 Geopolitical, AI, Inflation And People Risk Trends
At the start of 2025, business leaders anticipated material changes worldwide, though many ... More underestimated the speed and volatility of the changes. At the start of 2025, business leaders anticipated material changes worldwide, though many underestimated the speed and volatility of the changes. Events once thought rare occur more often and at scales previously unseen. They impact each organization differently in complex and nonlinear ways that vary by country and sector. As business leaders mark the year's midpoint, here's how predictions on 2025 trends are tracking as boards and senior management teams pursue growth while managing risks and opportunities. Tracking the trends Looking Ahead The pace and volatility of change renders planning as necessary as it is challenging. Leaders who reassess their risk strategies, embrace new technologies responsibly and prioritize the wellbeing of their workforce position their organizations to thrive amid uncertainty.
