Next Investors logo grey

Aussies optimistic despite tumultuous year

Published 19-DEC-2016 17:30 P.M.


2 minute read

Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.

In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.

The below articles were written under our previous business model. We have kept these articles online here for your reference.

Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.

Click Here to View Latest Articles

Despite bearish economic indicators, declining GDP figures and an unpredictable international political landscape, Australians remain optimistic about their economic future, heading into 2017 with more workers confident of a pay rise than this time last year, according to HR and recruitment specialists Randstad.

The latest Randstad Workmonitor Report (Wave 4 2016) reveals that more than half of Australians (53%) are optimistic the national economy will improve in the new year and, in a boost from last year, 57% are expecting a pay rise at the end of the ’16-17 fiscal year compared to 45% at the end of ’15-16.

Over two thirds (67%) of Aussie workers claimed their employer achieved stronger financial success this year compared with last year and nearly three-quarters (73%) expect their employer to perform even better in 2017.

Confidence was highest in workers aged under 45, with 61% of this younger group expecting the country to have a financially stronger 2017.

“In some respects, 2016 has become the year of ‘expect the unexpected’,” said Frank Ribuot, CEO of Randstad Australia & New Zealand.

“Political events were hard to predict, as were long and short-term economic outcomes, but despite some dire expectations from experts, we seem to have relatively high levels of workforce confidence compared to last year.

“Overall, Australians seem to be confident in this year’s financial results with an even better outcome expected for 2017.”

He added that while more than half were expecting a pay rise, most were not expecting an end of year reward.

“It is not always possible, but when it has been a financially successful year employers should consider passing on rewards and benefits to staff as part of their engagement and retention strategy. The end of year is a time when people reflect on their jobs, careers and long-term future, so even a small reward or increase in remuneration can boost morale,” he said.

Australian Confidence Beats Asian Counterparts

Of the 33 countries surveyed, Australians are considerably more optimistic than many other Asian nations.

Compared with 53% of Australians expecting an improved economy in 2017, only 43% of Singaporeans, 42% of Malaysians and just one quarter of Japanese respondents were as optimistic.

New Zealanders were slightly more optimistic than Australians with 59% expecting their economy to rally. 77% of New Zealanders thought their employer would perform better in 2017, 4% higher than Australians.

Randstad Workmonitor Q4 research highlights:

  • 67% of Australians said their employer performed better financially in 2016 than 2015 (62% globally; 71% New Zealand)
  • 73% of Australians expect their employer to perform better financially in 2017 (69% globally; 77% New Zealand)
  • 53% of Australians expect the economic situation to improve in 2017 (52% globally; 58% New Zealand)
  • 57% Australians expect to receive a pay rise at the end of the fiscal year (53% globally; 57% New Zealand)
  • 38% Australians expect to receive a one-time financial reward at the end of the fiscal year (49% globally; 32% New Zealand)

General Information Only

S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.

Conflicts of Interest Notice

S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.

Publication Notice and Disclaimer

The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.

Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.

This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.