Its that time of year Again, Time to file Tax Returns!

Yes people the financial year finished on 30th June and we are now in a new financial year. Even though its a new year but it doesnt seem like fun. Globally there are reports that we might be heading to another recession soon but for now I will just say to all Australians to concentrate on job ahead by getting all their paper work together i.e Group Certificate, payslips and file out the tax return for the financial year.

I for one did not have the best of the last financial year but I'm an optimist and I believe that good times are coming ahead provided we make the right choices today and tomorrow.

File your Tax returns soon.

Mark Sharma
Strathfield

Fall in online job ads - We are in Recession

I don't understand why pollies are wasting crucial time in debating whether we are in recession or not. You don't have to be genius to figure out that we are already in recession and we have been in recession for past 6 months.

What we are seeing now is fall out of recession. The recent media coverage about drop in online job ads is one such fall out. The Oliver job index which claims to record the number of jobs advertised online states that there have been big falls in advertisement numbers for jobs in the trades, services, transport, engineering, building and construction sectors.

I'm not an expert like Oliver Group but I've been checking online jobs for past 6 months in retail sector in which I've considerable experience and I can tell you that the situation there is pretty bad. We all know that Retail employs most Australians and it also happens to be one of the low income sectors.

Now do your own calculations. We are in a situation where the lowest paid are loosing jobs and the number of new jobs that are coming up are far less then what it use to be.

I clearly remember Mid 2007 when I was looking to recruit people and it was bloody hard as there were so many opportunities that employees were hopping from one job to another because they were not scared. They knew that even if they leave one job they can find the next easily. I also clearly remember that seek.com.au which is considered one of the biggest online job search website had its profit and share prices up.

But look what is happening now? You don't have to believe in what I'm saying. Just search seek or mycareer or whatever else you use and you will know what I'm talking about.

Pacific Brand cuts 1800 and Lend Lease 1700 Jobs :(

Property developer Lend Lease is cutting 2,000 jobs globally over the next six months, with about 400 of those in Australia.

The company has reported a net first-half loss of almost $600 million after writing down the value of its assets.

Lend Lease chief executive Steve McCann says the company needs to shed jobs.

"Our total work force of over 12,000 people is expected to reduce to just under 10,000, as we right-size for current market conditions," he said.

Full Article from Source @ ABC

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Aussie Businesses are becoming less competitive and with recession this problem has worsened. Its no surprise that Businesses are shutting down and scaling down operations. Unless Government takes some important action inclduing a reduction in Business Tax from 30% to between 20% to 25% these bad news will keep coming.

Australia in Recession : Unemployment increasing

The lastest ANZ jobs advertisement data shows that jobs advertisement fell by 6.3% in January which obviously points to less jobs available in the market for companies to advertise. You dont have to be an economist to understand that if fewer new jobs are being created then obviously it will hit some people and the unemployment will rise which is exactly what is happening.

I remember in early 2007, when all was good I was in-charge of a small company's marketing activities in Sydney and it was bloody hard to find new staff as the websites were full of new jobs and jobseekers had so many opportunities to consider but now it is impossible to find one decent job let alone have a choice?