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
July 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
The following, a summary of the coverage around the economic
outlook for Australia for the period: August – mid September
2015.

4. ECONOMIC GROWTH
Some sectors forecasting slow growth despite 2
interest cuts during the first half of the year.
However, bright spots are seen in some sectors
like in Housing and Construction
A
Listless growth
due to slower
transition
Investment transition from
Mining to Non-Mining
C
Will make
Australia the
biggest exporter
in the world
LNG – 2nd Biggest Export
B
This sector
benefits from
record low
interest rates
Booming Housing and
Construction
C
A
B

5. NAB & RBA
NAB’s quarterly business survey shows patchy longer-term outlook for
business, but improving near term indicators
A
B C
D
Business Confidence
Business confidence was up in calendar Q2, the
highest since calendar Q3 2014, increasing business
confidence outside of mining
A
Oil Price Movements
Oil price movements have been bearish in June &
July
B
International Events Sour Investor Interest
Poor investor interest due to: correction in Chinese
equity markets, Greece’s high-profile economic
instability lead-up to the conclusion of a nuclear deal
between Iran & world powers
C
RBA Soft on Expected Growth
The RBA has gone soft on expected growth: it
believes the dollar has been over-valued and is
adjusting to conditions
D

6. IMF VIEWS
The IMF has warned of a slowing of Australia’s economy in the
absence of drastic tax reform. They suggest a tax reform that
includes:
Broader GST
Paul Bloxham (HSBC AU and NZ) Chief Economist
recommends the government moves away from policies
that “distort economic decisions”, such as income taxes,
and towards more “efficient” taxes such as GST.
Ending Capital Gains Discount
Each year the cost of the CGT exemption on the main
residence costs the federal budget more than Defense,
Education or Medicare according to the Main Residence
Exemption Report
Ending High-End Superannuation Concessions
Provision of massive taxation concessions the highest
income earners causes the Budget to lose billions of
dollars of forgone revenue
BroderGST
1
ZeroCapitalGains
2
Zerohigh-endsuperannuation
concessions
3

7. JOBS OUTLOOK
The following, a summary of the coverage around jobs outlook
for Australia for the period: July 2015.

8. JOBS OUTLOOK
Employment
Decline
HighUSJob
Openings
Increase in
jobs in June
Jobslostfrom
TechBoom
A B
CD
RBA Forecasts Decline in Unemployment
NAB believes this is consistent with improvement in
the non-mining economy, which in GDP terms, and
overall demand, is being masked by the weakness in
mining
A
Record High US Job Openings
US job openings are at a record high considering no
increase in attritionB
10.8% Increase in Job Ads in June YoY
The latest rise was below the 14% recorded in May,
a month that showed the strongest increase in more
than two years
C
Technology Boom Costs Jobs
An estimated 5 million jobs in the next 15 years will
be lost with. Up to 40% of workers may need to
reskill to be employable. Estimates are much higher
in rural & regional areas
D

9. Contingent
Workforce
Coverage

10. NEW VMS FOR ATO
Fieldglass nominated by ATO as its VMS for managing
contingent labour.
It will replace multiple existing processes and approaches with
Fieldglass to manage contingent labour and the ICT
Statement of Work (SOW) Panel arrangement.
The ATO aims to achieve:
Greater efficiencies in
identifying and remobilising
resources.
Enhanced contractor
engagement, retention and
performance
Improved industry
engagement
A
B
C
Strengthened
accountability and
transparency through
the procurement
process.
On-going, sustained
cost reductions
D
E
A
B
C
D E
F

11. US JOBS &
EMPLOYMENT
Use of performance based contractors vs. fixed term
• An increasing trend in the US with the belief that
performance based will reduce the percentage of failed
agreements with contractors
US Tech companies converting contractors to employees
• Shyp being the latest – a service that helps customers’
ship products around the country
• Their belief is employees will provide a more consistent
experience
• The decision will likely add pressure to the entire start-
up industry to address the employment status of its
contract workers.
Misleading data on worker classification numbers
• Potential mislabeling causing misleading data on worker
class numbers in the US
• Surge of 32 million workers in 13 years whilst number of
self-employed and part-time workers dropped
• Provides the contract landscape and a difficult
measurement stick

12. AUSTRALIA WORKFORCE
SOURCING
Beeline’s acquisition of Onforce are
working towards the first self-
sourcing solution for enterprise
companies, via this new plugin
A
EMPLOYEE ADVANTAGE
Company’s or MSP’s requisition through
Beeline’s VMS, sends requisition to staffing
agencies, as well as invite independent
contractors to apply directly
B
REVIEWS REMOVED
Deloitte’s head of people & performance
in Australia (Alec Bashinsky) is running a
global program to rid the business of
performance reviews as he believes
ongoing informal performance and
appraisal feedback loop will be better
C

13. Sources
Economy & Jobs:
1. The economy http://bit.ly/1LZb5eq
2. The RBA http://bit.ly/1LZbtJV
3. NAB business outlook http://nab.co/1LZcp10
4. NAB Oil market outlook http://nab.co/1LZcD8r
5. IMF views on Australian economy http://bit.ly/1LZdqGr
6. Decline in unemployment at odds with RBA estimates http://bit.ly/1LZbEoG
7. Job openings up in US but talent not quitting http://on.mktw.net/1LZd2Yv
8. Technology boom costing jobs http://bit.ly/1IaC0h5
9. Job ads up in Australia http://bit.ly/1IaCzaS
Contract Work:
1. ATO/Fieldglass http://prn.to/1LZbr4P
2. Techs turning contractors to employees http://huff.to/1IaD44F
3. Performance based contracts http://bit.ly/1IaDRCA
4. Mislabeling worker types http://nym.ag/1IaDMiv
5. Deloitte ditches performance appraisals http://bit.ly/1IaETi9

14. SOMETHING INTERESTING IS HAPPENING…
UBER
1
The world’s largest
media owner
creates no content
FACEBOOK
2
The most valuable
retailer has no
inventory
ALIBABA
3
The world’s largest
accommodation
provider owns no
real estate.
AIR BNB
4
The world’s largest
taxi company
owns no vehicles

15. 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