Pauline Nguyen has worked alongside the technology industry through her coaching and facilitation and noticed that many technology organisations are talking about innovation - and yet so many are doing things in the same old way. Even after considering a different approach they inevitably revert back to the same default behaviours as before. So how is your business approaching change? Is your organisation reinventing itself through these challenging time? Now is the time to make change an opportunity to do better.
Like everyone else, members of corporate boards have had to innovate quickly due to Covid-19. A once-in-a-generation economic shock has put vital strategic decisions on the table without the luxury of in-person meetings. Boards have had to balance the unfamiliarity of going virtual with the pressures of protecting their organizations from catastrophe.
While most boards are still finding that balance, a number of fast-adapting companies have found that virtual board meetings are better than the real thing. Aside from the obvious benefits of reduced travel and increased attendance, shifting to virtual has allowed boards to improve governance and collaboration through shorter agendas, crisper presentations, more inclusive and bolder conversations, and broader exposure to key executives and outside experts.
It was fabulous! It was specific to us. Everyone really enjoyed it.
The Virtual event was a great success. People loved Mark’s energy!
You should have a dose of Mark Every morning…a great presentation!
Professional musician Mark Schulman enters the huddle with podcaster Gus Frerotte. On this episode, Mark talks about his time with Cher and P!nk, his connection with sports, being raised by English professors, and with what we can do in order to view quarantine as an opportunity during the COVID-19 crisis.
Absolutely amazing. Mark hit our brief head on! It was perfect for our audience.
The September labour force data show the impact of the recession on jobs, hours worked and unemployment. It is bad news. Depressing in many ways to realise that there are 937,400 Australians unemployed, a further 1,538,800 underemployed and that since the onset of Covid-19, the workforce participation rate has dropped by 1.3 percentage points as people have given up looking for work.
It's not new news that the finance and banking Industries are under some pressure during these times. Assisting our community and our families is a big job that puts pressure on our system and our people. We all understand this, but one thing I've learned in these recent times is that crisis does not change people, crisis reveals them. How we deal with a crisis is a reflection on how we deal with life.
On the back of the pandemic, we have seen the financial services sector fare better than most others however it has also gone through a significant disruption to its workforce. Most financial services companies sent their employees home to work. They then faced challenges with employees not being able to access information and files on-premises as well as employees being unable to collaborate effectively, not being face to face.
A Netflix hit was released recently called 'The Social Dilemma'. In this tech documentary, Tristan Harris explores the ways in which the Tech Giants control the world through the use of AI and algorithms. He calls it the Attention Economy and notes that 'If you don't pay for the product, you are the product".
The Banking and Finance sector has been extremely innovative over the last decade - the shift to digital and online, the growth of Fintech and an increased focus on the customer - but never has it moved so fast as it did in the last two weeks of March 2020.
When Covid came, we all had to very quickly change the way we worked, the way we communicated, how we socialised, even what we did for leisure.
COVID-19 has sparked massive changes in banking and finance, not least because of the deep recession impacting the economy.
Among the changes that have been witnessed in finance, the so-called responsible lending laws have been relaxed to make it easier for a borrower to get a loan. In addition, around $35 billion has been withdrawn from superannuation accounts as the government has encouraged people to pull out cash from their superannuation savings to cover the costs of being unemployed or working fewer hours during the COVID-19 recession.
Thank you Arnold for only bringing the best of the best speakers to our events. We appreciate it! We appreciate you always thinking "outside the box" and never having us go with a speaker that so many others have – we are always unique and stand out with our keynotes – kudos!
Pauline was beyond incredible. Not one person dropped offline during her keynote – the entire audience was riveted by her story – We definitely hit the jackpot with Pauline! Today on LinkedIn people are still posting about her presentation.
Economist Stephen Koukoulas says the economy needs money poured into private sector pockets so they can spend, invest and most importantly hire.
“So I would be looking at policies that make sure the economy is growing strongly enough so that in a reasonable amount of time we get that unemployment rate back to where it was pre-Covid,” Mr Koukoulas told Sky News.
August’s unemployment rate came in below expectations at 6.8 per cent, largely propped up by wage subsidy schemes which mask the actual rate. “It was only ten months ago that it was five per cent, it’s difficult and a lot depends on how the health crisis goes. “But for here and now it’s about jobs.”
Market Economics’ Stephen Koukoulas says immigration intake has “slowed to a trickle” and with it much of the demand for new houses and infrastructure.
