Delivering Value for Money (VFM) in infrastructure and major projects is crucial for achieving the best outcomes at optimal costs. This encompasses financial efficiency, but also the quality, timeliness and the overall impact of the project. In Australia, infrastructure projects play a pivotal role in the national economy and face distinct challenges. But how can […]
Infrastructure and major projects are essential for the economic and social development of any country. According to the 2023 Infrastructure Australia report, for every $1 billion invested in infrastructure, Australia sees an estimated $3 billion boost to the economy. These projects create jobs, stimulate local economies and enhance overall productivity. They provide the backbone for […]
Key findings: AI has the potential to boost productivity, but the actual benefits have not fully materialised Like an employee, AI needs trust-building, clear expectations and small projects to demonstrate benefits Accurate and transparent data is crucial for AI performance – poor data inputs can lead to high ‘hallucination’ rates Artificial intelligence (AI) has been […]
On 17 September 2024 Royal Assent was granted on the climate reporting legislation previously approved by both Houses of Parliament. On 20 September 2024 the first Australian Sustainability Reporting Standards (ASRSs) were approved by the Australian Accounting Standards Board (AASB). Climate reporting legislation The climate reporting legislation is contained in Schedule 4 to the Treasury […]
Wage underpayments continue to be in the spotlight, following accusations of ‘wage theft’ against some of Australia’s biggest employers like Wesfarmers, Coles and Woolworths. Not-for-profit (NFP) organisations have been under the microscope too, with allegations levelled at the Australian Broadcasting Corporation, The National Library of Australia, and even government departments. Whilst underpayments may not be […]
Key findings: Creating a strong Employee Value Proposition (EVP) should be a core focus for an organisation’s leaders People aren’t as interested in climbing a ’career ladder’, instead opting to move around a ‘career lattice’ that offers a wide breadth of experiences Building a strong EVP starts with understanding and listening to your people Workplaces […]
It’s understandable that firms may feel tempted to take on client work that is outside their core offerings but that can be a false economy for many. Utilisation has continued to fall in the past year, even as demand has recovered, and that can be enough for firm principals to try and recover the sunk […]
As legislation makes its way through Federal Parliament, the middle market should know this “isn’t the end, it’s the beginning”. At the recent Deakin Law School International Sustainability Reporting Forum, ASIC Chair Joe Longo made it clear that ASIC believes the implementation of mandatory climate disclosures “isn’t the end – it’s the beginning”. It is […]
I have a background as a litigation lawyer. I can honestly say that the bulk of the legal profession were courteous and supportive compared to the inherent conflict I have experienced at almost every level of the property, development and construction industry. This is even more incongruous when I factor the symbiotic nature of the […]
Expanding to new markets offers many opportunities, including helping to grow revenue streams, increase staffing opportunities and facilitate strategic acquisitions. Professional services as a whole are in an exciting period of growth on an international scale, with several notable partnerships and expansion. For example, UK top-60 law firm Taylor Rose MW chose to partner with […]
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