BUSS1000 Lecture Notes - Lecture 8: Temporary Work, Glass Ceiling, Underemployment

• School: University of Sydney
• Department: Business Studies
• Course: BUSS1000
• Professor: Steven Hitchcock

Document Summary

Mining workforce decreasing, services increase, manufacturing decreasing. Unemployment: actively seeking for work and working less than 1 hour a week. Aging population: people living beyond age of retirement. More pensions for old people, health care costs. Co(cid:373)pa(cid:374)ies: sheddi(cid:374)g people i(cid:374) 50 s, proble(cid:373) for ourselves- due to above factors. Underemployment and underutilisation- people not getting the work they want. Female labour force participation rate increasing: cost of having children high. National gender pay gap is currently 17. 3% and hovered between 15% to 19% for past two decades. Lack of women in senior positions, lack of part time or flexible senior roles. Glass ceiling: role beyond which women have difficulty getting above. Glass wall: divide between area of employment where women can be noticed for senior management, erg, revenue raising. Class cliffs: companies are potentially failing so often only women will take roles of ceo. Future of work- robots, ai and gig economy.