Salary/Wage Relativities and Value

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The recent revelations of the salary and wage structures of on-air and off-air people at the Australian Broadcasting Commission highlighted substantial disparities and seeming inequities between personalities, programs, channels and localities.

It is an issue relevant to all private and public sector entities, in pursuit of value, fairness and equity.
 
On-air media people need to possess the innate ability, and to exercise the capacity to attract, retain and to grow audiences. In business creating and sustaining wealth by fulfilling needs and aspirations are fundamental. Contributing to teamwork, cohesion and harmony are virtues.
 
Contemplate those factors against the background of comments by Professor Ross Garnaut, the favoured economist of former Prime Ministers Bob Hawke and Paul Keating.
 
He has stated that Australia and Australians need to prepare for a lower standard of living in the immediate future.
 
A recent study of the productivity outputs of the world’s 19 largest national economies give some insights on and justifications for such a contention. Australia was ranked the 19th most productive country. Indeed, it was the only one in the study that had recorded a negative rating, -4.1%, in the past 3 years.
 
Why then is it that people raise questions about Australia’s prices being “too high”, wage expenses are “excessive”, business margins are “narrow and narrowing” and our individual and collective competitiveness is “slipping”? The causes are obvious to all to observe.
 
Beware of the future. Meta-Data is about to impact wage and salary package relativities for key sectors, like mining, infrastructure (including ports) and manufacturing.
 
Within 3 years, (in some instances now), it will be possible to operate mine dump trucks, undertake subterranean resources extraction (up to 4 kilometres deep), work railway networks, function container facilities in ports, undertake repetitive manufacturing production and achieve medicinal compounding and dispensing with no or little human interaction.
 
Big earning, big spending FIFO (Fly-in, Fly-out) “cashed-up-bogans” employed in the mining sector may well be witnessing the eclipsing of the “day in the sun”.
 
Now is the time to prepare and plan for a new business and economy model. It will be fair to all concerned.
 
Barry Urquhart
Marketing Focus

Web:            www.marketingfocus.net.au


About

Barry Urquhart, MD Marketing Focus, Perth, is the author of Australia's top two selling books on customer service and is an internationally recognised authority on consumer behaviour and creative visual marketing.

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