A report compiled by global professional services specialist Towers Watson shows that Australians are significantly more pessimistic about their financial fortunes than developed recessionary countries.

 

The latest Global Workforce Study (GWS) found that 56 per cent of Australian employees are worried about their future financial state, compared to the UK and France who reported 46 per cent.

 

But its hardly a surprise, says Lesley Brown from Towers Watson, with our preoccupation for listening to endless pessimistic reports in the media significantly contributing to our overall dour perspective on employment.

 

“On reflection, it’s not surprising that Australian employees are in a pessimistic state as there have been lay-offs occurring across a range of industries over the past few years as well as a strong focus on the weak global economy in our current affairs,” Ms Brown said.

Alarmingly, the report found that 72 per cent of employees were not fully engaged with their work, despite 51 per cent of employees recording an upward trend in the number of hours they work.

Pacific Brands has confirmed that Sue Morphet will step down from her role as Chief Executive Officer, to be replaced by John Pollaers at the beginning of September.

The Victorian Government has announced the appointment of Serge Sardo as the Chief Executive Officer of the newly established Victorian Responsible Gambling Foundation (VRGF).

The Football Federation of Australia (FFA) has confirmed that Chief Executive Officer, Ben Buckley, has announced he will step down from his role at the conclusion of negotiations of the FFA’s new broadcast deal in about two months.

The Sydney Theatre Company has announced the appointment of Andrew Upton as the group's new Artistic Director, a role he has previously shared with wife Cate Blanchet.

iiNet has announced the appointment of Simon Hackett as the company’s new Non-executive Director, effective immediately.

Susan Lloyd-Hurwitz has been announced as Mirvac’s new Chief Operation Officer following the announcement that Nick Collishaw would be stepping down from the role of CEO and Managing Director as of 31 October.

The Australian Financial Services Group (AFS) has announced the appointment of Alan Logan as its new Chief Executive.

Despite the breakdown of traditional barriers in the workplace, many women are increasingly encountering structural barriers that prevent them from entering management positions, a Women in Leadership Forum has heard.

The Federal Government has confirmed the appointment of Jillian Broadbent as the chair of the Clean Energy Finance Corporation (CEFC) Board for a five-year term. Also announced were the appointments of Michael Carapiet, Ian Moor, Anna Karbek and Andrew Stock as the inaugural members of the Board.

The Federal Government has announced the process of appointing a board for the Government Business Enterprise to oversee the private sector delivery of the new freight handling facility at Sydney’s Moorebank has begun and is expected to be completed by the end of this year.

Mr Sarv Girn has been appointed to the position of Chief Information Officer of the Reserve Bank of Australia. The appointment is effective from 3 September.

Retail giant Myer has announced the appointment of Paul McClintock as Non-Executive Director and Chairman-elect following Howard McDonald's decision to step down from the Board in October.

The Western Australian Government has announced the appointment of Simon Ridge, the State's Mining Engineer, as the new executive director of Resources Safety, the body charged with enforcing safe work practices across the state's mining and resources sector. Mr Ridge was promoted to the role following the retirement of Malcolm Russell.

AMP Capital has announced the appointment of Kerry Ching as the company’s new Managing Director Asia.

The Commonwealth Bank has announced the appointment of Matt Cornyn as the company’s new Group Executive, Retail Banking Services.

The South Australian Government has announced the appointment of Rick Persse as the new Chief Executive of the State’s Attorney-General’s Department.

 Dr David Williams, former Chief Executive of the United Kingdom Space Agency and Chairman of the European Space Agency, has been appointed as CSIRO Group Executive, Information Sciences.

The Federal Government has announced the appointment of two new directors to the board of Australia Post. Susan Bitter and Talal Yassine have both been appointed for three years.

Innovation & Business Skills Australia (IBSA), one of eleven Industry Skills Councils authorized by the Australian Government to provide a voice on vocational education and training issues, is seeking to appoint new board directors.

The report of the independent review of the Fair Work Act - Towards more productive and equitable workplaces: An evaluation of the Fair Work Act has been released.

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