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Welcome to Drake's Media Releases Page. Here you will find up-to-date press releases and articles Drake provides to the market. Return to this page to find up-to-the-minute thought leadership and research.
The rate of change in the world today is occurring at an unprecedented pace. There are many implications for employers attached to the fragile state of the world financial systems.
The past decade has borne witness to a string of corporate scandals, from human rights abuses and environmental pollution to fraudulent accounting practices. Several of the world’s largest companies collapsed, whilst those that survived paid the cost with a sizable dent in profi ts and an even greater battle to turn a tide of negative public opinion back in their favour.
When it comes to attracting great employees, it starts with being a great employer. Last week in Melbourne, members of Engineering Australia gathered with HR experts to discuss strategies to ease continued business pressures caused by a dire shortage of engineering skills.
No engineering employer can afford to ignore the option of global recruitment, however the principles of ‘Sustainable HR Practice’ must not be sacrifi ced. Firms must aspire to be employers of choice, focusing on staff development and engagement, high performance and consequent rewards, and low staff turnover.
From 27 March an Office of Workplace Services Inspector can demand to audit the pay records of any business, at any time, either as a spot check or due to a complaint being investigated. Not having this data will cost employers $2,750 for each employee whose time records are not up to date and accurate.
In one of the largest studies conducted on Generation Y in Australia, Drake International has found 86% of Generation Y (born between 1980 and 1994) expect to be promoted within two years, 63% stay less than two years with an employer, and over half (52%) think it’s easy to find a new job.
Drake International predicts Australia will face permanent labour shortages across many industry sectors and occupations by 2010, due to the country’s ageing population, making it even harder for HR Managers to fill job vacancies in the future.
A white paper released today by Drake International reveals internet recruitment has not lived up to expectation, with research showing electronic job boards and web sites return disappointing results.
Drake International reveals Australia’s Top 500 companies inadvertently waste millions of dollars each year on consultants, contractors and other flexible staff, due to a lack of visibility for labour costs at the senior management level.