Competition key to midsize company growth

SIXTY-FIVE per cent of midsize companies across the Asia-Pacific said the increased strength of larger competitors is their main threat to growth over the next three years, while a dearth of skilled staff was also seen as a serious

SIXTY-FIVE per cent of midsize companies across the Asia-Pacific said the increased strength of larger competitors is their main threat to growth over the next three years, while a dearth of skilled staff was also seen as a serious constraint. However, midsize firms have distinct advantages over their larger rivals in the areas of:

Adaptability 45%

Pricing flexibility 41%

Deeper customer relationships 35%

Forty-five per cent of midsize firms plan to grow organically through their own resources, and more than 20 per cent will pursue organic growth with the help of third party networks.

Source: Economist Intelligence Unit

Greater pay equals greater worth

FORTY per cent of employees believe their salary level reflects how much their employer values them. According to a survey of 487 workers, 25 per cent said they would need to earn more than $150,000 a year in order to feel like a professional success. Furthermore, Generation Y are particularly happy to talk about their pay packets and perks in order to prove their worth, as opposed to Baby Boomers, who see their level of income as a private matter.

Source: Linkme.com.au

Aussie workers need to save before they retire

SIXTY-NINE per cent of Australian workers do not believe they have saved enough money for retirement. Of the 591 people surveyed, 19 per cent said they were planning to retire at the age of seventy and 14 per cent said they would work until they can no longer. Furthermore, a massive 63 per cent said the government was not doing enough to encourage workers to retire later in life.

Source: Talent2

Women lose out on super

ONE IN SIX 35-44 year old males have a super balance of more than $100 000, compared with only one in twelve women. Despite the success of women in the workplace, research found the average Australian woman can still be the biggest loser upon retiring, with a massive $193 904 less that her male counterpart. The disparity between men and women’s super begins at age 25 and by the year 2019, men on average will have accumulated twice the amount of superannuation than women will have saved.

Source: max Super

Politicians not so popular

TWENTY-THREE per cent of Australian employees have the least amount of respect for politicians when it comes to job roles. Used car salesmen follow closely at 19 per cent, followed by real estate agents at 11 per cent. When asked if they could have their time again to change jobs, employees would:

Source: Talent2

HR and finance: down with Fridays

JUST 3 per cent of Australian finance and HR managers thought Friday was their most productive working day, followed closely by Thursday (5 per cent), Wednesday (10 per cent) and Tuesday (17 per cent). Monday was voted the most productive day, by 31 per cent of managers. They said the best way to encourage productivity work was through:

Onsite gyms 25%

Better computers 19%

More natural office light 10%

Furthermore, 25 per cent said a siesta would result in a more productive office, compared to 39 per cent of finance and HR managers in Italy, 33 per cent in France and 28 per cent in Belgium.

Source: Robert Half Finance & Accounting

Finance number one for women

NINETY per cent of executive women who work in finance are professionally satisfied. Based on a survey of nearly 100 female finance executives, 95 per cent said they would recommend a finance career to others, while only 61 per cent plan to stay in the industry until retirement. Meanwhile, two-thirds of respondents felt their gender has either been an asset or a non-factor in their career progression, and 50 per cent said their work has impacted upon their personal relationships.

Source: Korn/Ferry

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