This Month
New hires love Jefferies’ cash bonuses. Just don’t try to leave
Unlike other investment banks, the fast-growing New York firm offers upfront payment instead of deferred stock. It seems to be working, as headcount grows.
- Jemima Whyte and Sarah Thompson
The 10 jobs that landed the biggest pay rises in financial year 2024
Geologists, engineers and trades such as carpenters and electricians were among the occupations that landed the largest salary bumps.
- Euan Black
Public servant wages outpace private for the first time since 2020
Annual wage growth fell to 3.5 per cent in September from 4.1 per cent in June, as pay growth slowed on the back of a cooling economy.
- Updated
- Michael Read
October
Why the $5m lawyer is no longer a rarity at top Aussie firms
Top law firms are forking out more than $5 million a year to poach or protect big-billing market leaders from rivals, amid intense industry competition.
- Maxim Shanahan
Student lawyers without practising certificates to earn $136k
US law firm Davis Polk will pay their UK trainee lawyers, who are yet to qualify as solicitors, at least $135,000.
- Adam Mawardi
Revealed: Which super fund directors earn the most
Payments to directors at one fund outstripped those of comparable size by more than half a million dollars, despite delivering worse returns than most of their rivals, analysis by AFR Weekend shows.
- Hannah Wootton
September
DEI is no longer just about ethics, it’s about profits, academics say
Australian business schools are providing an increasing amount of diversity components to reflect a growing corporate demand.
- Gus McCubbing
What to do with a six-figure redundancy payout
Being made redundant can be emotionally and financially devastating if you weren’t expecting it. But large lump sum payouts also present an opportunity to reset your career and finances.
- Duncan Hughes
- Opinion
- Opinion
The allure of the loud know-nothing
Do huge entry-level salaries encourage the selection of assertive, confident, forceful people rather than quieter, shyer rivals who are more competent?
- Pilita Clark
August
- Opinion
- Gender pay gap
This Gender Pay Day, employers must take action for their own good
Women must work, on average, 50 more days per year to earn the same as men. Here’s what businesses need to do about it.
- Mary Wooldridge
Workers told to expect lower nominal pay rises as economy cools
Employers expect to lift salaries by an average of 3.8 per cent this financial year, as mounting evidence suggests pay rises have passed their recent peak.
- Euan Black
July
Who are the highest paid ASX 200 CEOs?
New research shows that ASX 100 CEOs earn on average 50 times more than the average Australian adult.
- Hannah Wootton
Uber cuts prices – but also pay rates for drivers
The company is expected to pull prices back by up to 5 per cent despite rising costs of insurance and fuel.
- Nick Bonyhady
June
Meet the most expensive lawyer in Australia
Tax specialist Mark Robertson, KC, is in a league of his own, charging $6250 an hour and $50,000 for an eight-hour day.
- Michael Pelly
- Exclusive
- Productivity
Why KPMG sees silver lining to 5pc jobless rate
The big four firm says there is no “productivity crisis” and recent lacklustre results can be explained by the workforce shake-up caused by the pandemic.
- Ronald Mizen
‘My graduate job starting salary was $343,000 – here’s why’
Some law and investment banking firms in Britain are paying graduates in their early 20s enormous salaries. The financial rewards are vast but come at a big cost.
- Kimberley Bond
Union push to raise teen pay by up to 42pc
The retail and fast-food workers’ union says 18- and 19-year-olds can drink, vote and join the army so they should be paid the same as people aged 20 and older.
- Updated
- David Marin-Guzman
May
Study shows pay gaps between tech’s big names and the rest
A new study shows a stark difference in pay at newer tech stars like Atlassian and Canva, compared to public sector and other tech company specialists.
- Paul Smith
April
ASIC chairman ‘very disturbed’ about CBA’s bonus move
Joe Longo said he had raised concerns about CBA’s breach of bonus caps directly with the bank’s chairman Paul O’Malley and urged the bank to reconsider.
- James Eyers and Lucas Baird
CBA dumps bonus limits to fight Macquarie on mortgages
The bank will dump bonus caps agreed in the shadow of the Hayne royal commission as it tries to stem market share losses to rival Macquarie.
- James Eyers