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NEWS / BLog

  1. “When it Comes to Culture, The Buck Stops…Where?” - Thoughts on Culture from our Panel Event Sara Eriksson 11-Jul-2018
  2. Key Points From Paul Mitchell's "Building Cultures of Execution" Sara Eriksson 25-Jun-2018
  3. Key Points From Craig Foster’s "The Last Great Sporting Frontier” Sara Eriksson 19-Jun-2018
  4. Key Points From John Cantor's "Learning From Failure" Event Sara Eriksson 24-May-2018
  5. Key Points From Stephen Walters's Economic Update Sara Eriksson 30-Apr-2018

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Testimonials

“Moir Group has the ability to provide constructive advice. They have a clear understanding of their subject matter and provide practical alternative solutions, which greatly assist in resolving issues.”

Domenic Chiera, Chief Financial Officer, Lake Maintenance

 

“I can confidently recommend Moir Learning as a great resource to assist someone entering the job market. As a new immigrant, Moir Learning Services took the time to review my CV with me and offer suggestions on how to better align it to the Australian style. They also offered feedback and advice to help me better myself in the marketplace. They were a pleasure to work with.”

Katie Zuzek, Senior Project Accountant (contract), International HR and BPO

 

“After spending time with Moir Learning Services, to go through my resume and LinkedIn account, I have learned techniques in maximising their use and I have gained more confidence in my job search. I’m highly recommending this session to anyone who has just come back into the job market.”

Belinda Beattie, Senior Commercial Finance Manager, Apple

 

“Matthew Talbot Homeless Services are pleased to acknowledge and commend Moir Group for their commitment to the ‘Work it out’ Program. The importance of the program can, and will, make a major difference in assisting our clients to seek employment and help rebuild their confidence and self-esteem.”

Julie McDonald, General Manager, Community & Corporate Relations, St Vincent de Paul Society – NSW

 

“I completed a CV/LinkedIn session with Moir Group and it was absolutely brilliant.  I've come away with the confidence that they are up-to-date and professional.  I would recommend this session as a worthwhile investment for anyone re-entering the job market.”

David Kneeshaw, General Manager, Finance and Business Operations, Intercompany and Stock

 

“It is excellent to work with an organisation that is able to adapt to our needs so willingly and effectively. The facilitators are always professional and committed to ensure that all participants involved are provided with personal attention. Feedback from participants of each workshop is outstanding. Moir Group displays a capacity to reach out to the disadvantaged; they offer compassion to individual needs and provide real practical advice to our service users affected by homelessness, or at risk of homelessness. ”

Caterina Giuliano, Program Manager, St Vincent de Paul Society NSW Support Services Ozanam Learning Centre

 

“The people at Moir Group understand our requirements and consistently provide quality finance and accounting people to our team.  I would recommend Moir Group to those who are looking for professionalism and transparency in a recruitment partner.”

Mark Roberts, Director , Human Resources, amaysim Australia

“We have worked with Moir Group on a number of projects over the last 12 months. I have found them to be helpful and reliable in producing quality candidates for our business.  I would have no problem recommending Moir Group for finance recruitment needs and will definitely work with them again in the future.”

Kim Van Der Poel, People Advisor, Dalkia Energy Solutions

 

“With the understanding and knowledge Moir Group have acquired of our business over the past 2 years, they are capable of meeting our exact requirements and we can always rely on them for high quality candidates. They are not only reliable and efficient, but, very friendly to work with. If asked, I would recommend Moir Group’s services.”

Raheel Irfan, Group AP Manager, Idameneo Pty Ltd

 

“Moir Group have consistently introduced quality candidates to our organisation. Their experienced team and willingness to understand the client ensures the right people are employed and gives me every confidence in returning to Moir Group for recruitment advice and assistance.”

Chris Mamarelis, Chief Financial Officer, The Whiddon Group

 

“Moir Group assisted Steadfast in the recruitment of multiple roles. I enjoyed working with them and they delivered excellent outcomes and displayed a high level of professionalism and integrity at all times”

Rosalie Lau, Group Financial Controller, Steadfast Group

 

“I thoroughly enjoyed working with Moir Group. Their style is professional and thorough and they worked hard to source some excellent talent for our business.”

Sandra Cittadini, Senior HR Manager, SunRice

 

"We needed to build a quality team in a short space of time and Moir Group were key in assisting us. They listened to our needs and presented the right people to help us develop the culture we had begun building. As a result the transition has been an overwhelming success.”

Gary Margetson, Head of Shared Services, News Corporation

 

"We have been working with Moir Group for over 12 months now and have filled a number of senior roles. Their feedback, preparedness to challenge, as well as provide sound advice, has been invaluable to us. They constantly sought to understand our needs, to refine that understanding and to ensure we were able to continue moving forward. Their service throughout the process was exceptional.”

Carol Pegler, Director of Human Resources, Bard

 

“Integrity, professionalism and the desire to find the right fit between candidates and prospective employers - it was a pleasure to experience these attributes with Moir Group. Their commitment to finding the right role with the right cultural fit was second to none and I’m looking forward to maintaining my relationship with the Moir Group well into the future. The Moir Group does indeed stand out from the rest.”

Paul Wiggins, Global Financial Shared Services, Fosters Group Australia

 

"Thank you very much for helping to deliver outstanding candidates for this role. In comparison with other agencies, working with you was pleasant, professional and provided a great outcome." 

Stuart Rennie,Church & Dwight

 

"Moir Group handled this process in an exceptionally professional way." 

Craig Adams, Chief Financial Office, Clarendon Homes

 

"I will defiantly stay in touch with Moir Group, I hold your company in very high regard and appreciate that your employees are genuine people who care about others, not just the outcomes."

Michelle Adam, Finance Manager, Woolworths

 

"I have dealt with a number of recruitment agencies, but by far Moir Group stands head and shoulders above all of them. I have found the engagement experience with Moir Group to be ground-breaking, new and so refreshing."

Hamilton, Candidate

 

"It was an absolute pleasure working with the wider Moir Group team and please be advised that I have recommended Moir Group amongst my network from both a candidate and client perspective."

Tim Howells, Software Controller, Microsoft

 

"The feedback, advice and enthusiasm Moir Group exhibits is absolutely refreshing. Hugely impressed with Moir Group."

Chris McFadden, Candidate

 

"A quick note to say thank you so much for your kind words of encouragement. Various conversations with your team and their positive attitude and willingness to explore options with me simply reinforced to me that you understood that its about people's lives and not just the numbers."

Tendai Des Moyo, Chief Financial Officer, Energy & Water Ombudsman NSW

 

"Thanks again for your personable professionalism and delivering on the promise of the Moir Group brand.

Wayne McCusker, Managing Director, Church & Dwight

"Moir Group thank you so much for your superb professional advice and warm encouragement. I'm very grateful"

Cherry Liu, Candidate

 

"Moir Group is great and i thoroughly enjoyed working with you as a company. You are very good at what you do, always have a good understanding of me & our business and are great people to deal with.

Kristian Mertens, Chief Financial Officer, Norman Disney & Young

 

" Moir Group is the best agency in Sydney without a doubt, your professionalism and kindness is rare these days." 

Alessandra Rizzo, Commercial Analyst, Inghams Enterprises Pty Limited 

 

"Moir Group really stand out in comparison to other agencies, you work together as a team and genuinely are passionate about finding people a job. The fact that i felt this when i first met Moir Group and still feel it now means it must be an important part of your culture as a whole, it sets you apart from all other agencies. Moir Group are by far the best!”

Steven Davies, Candidate

 

"Angela has been a valuable resource and support in bouncing ideas off in a competitive job market. She has a depth of knowledge, shown great empathy and I have found her advice to be relatable and grounded.I would highly recommend Angela to someone seeking advice in their job search."

Linda Lukban, Candidate

 

"I'm glad that I have met the right people! Job satisfaction  = fulfilled life - says it all.." 

Annake Dippenaar, Candidate 

 


Moir Recruitment News


Key Points From Craig Foster’s "The Last Great Sporting Frontier”

Tuesday, June 19, 2018

With the FIFA World Cup now underway, we’ve been reflecting on some of the key messages from Craig Foster’s recent Moir Group Event. Craig spoke on long term planning, leadership and culture, as well as the passion required to lead a team to the World Cup. Here are some of my key take aways:

  • Literacy – the first battle was generating an interest in soccer in an otherwise sporting obsessed nation. While it is elsewhere referred to as the World’s Game, it took a while for soccer to find a foothold in Australia. One key battle for the long term plan of the game was to raise "soccer literacy" across the whole country to a higher level. Likewise, when you think about the long term plan of your company or team, focus on building a higher level of understanding across the whole, and not just at an individual level.
  • Redouble your efforts – resilience is always key; don’t give up and keep moving forward. “Fail, then learn and do it better. And then fail again, and learn to do it better”
  • Be clear on your values – you have to be clear on who you are and what your goals and values are. For a culture to develop that you are proud of and that you want to be a part of, you have to actively create it. “Don’t try and play a game that isn’t yours.”
  • Passion. Passion drives this game, but it has to drive your team too. As a leader, you are responsible for inspiring the passion in your team.
  • Analyse what you have to work with before coming up with a plan
  • Consistency – once you have you values, stick to them, and keep sticking to them. To create a culture that works, consistency is key.
  • As a leader, your ability to be proud of your work and your goals inspires others to follow suit and take pride as well.
  • Diversity – a more diverse team is a better team; a more diverse company is a better company.
  • Best practice example – the Matildas. They work as a team and are a great example of an equality driven culture.

As always, if we can assist with any accounting/finance recruitment needs in your business on either a temporary or a permanent basis we would be delighted to do so. We cover all roles from junior entry roles up to Group CFO.

For more information on upcoming events, please visit our upcoming events page here, and keep an eye out for more events coming soon.

Written by Andrew Pownall, Senior Associate - Executive Search

P: 02 9262 4836  

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Key Points From Andrew Cartledge's The Journey to CFO - How to Gain the Right Experience

Thursday, March 29, 2018

Moir Group hosted Andrew Cartledge the CFO of Wise Tech Global at our first Emerging Leaders event for 2018. He spoke about his journey to CFO - and how to gain the right experience. Here are some of my key takeaways from his presentation:

  • Have a concise clear message when talking to you manager/s (only a dozen bullet points). He learnt this in the global audit division and it has been key ever since in his roles.
  • Things get thrown at you, sit down and come up with a plan. Talk to people you know and get their advice on a solution. Know when to put up your hand and ask for help – could be internally or externally.
  • He took a side step from a divisional CFO role into a financial planning and analysis role in a bigger business. It gave him access to the CFO and the headquarters. Take those kinds of risks and recognise them for what they are - opportunities. Many of Andrew's roles were brand new and didn’t exist previously.
  • If you get the chance to get into a large scale financial planning and analysis role, take it. Andrew learnt the most in this role technically, commercially and communications wise.
  • As a manager - trust your team and “get out of the way”. Give them your views and then guide them. He grew the most when he “got out of the way”. He developed, and his team developed.
  • You must confront the challenges in your career. Need to trust senior people, that they have your best interests at heart.
  • Ask where the business is going to grow in the medium term. What role will you play in this over the medium term.
  • Be willing to take a step, use judgment, but there is some luck in it.
  • Be flexible and inquisitive. Andrew went on a fixed term assignment overseas. You get to build networks locally and overseas and develop a global network of people filled with different backgrounds and experiences.
  • Don’t ever stop learning. There are always new opportunities to develop new skills - take on the challenge. 

We host these Emerging Leaders events once a quarter, so please keep an eye on our event's page here if you are interested in attending the next one.

Written by Stephen Moir, Director

P: 02 9262 4836  M: 0431 895 236 stephenmoir@moirgroup.com.au

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Key Points From Simon Smith's The Neuroscience Of Leadership & People Engagement

Wednesday, March 21, 2018

Today we were lucky to have an insight into the Neuroscience behind good leadership and developing engaged and high performing teams.

Simon Smith from Southern Cross Coaching and Development gave an engaging talk and shared practical take away tools, to help lead, inspire and develop teams. An informative and interactive presentation, as we had the opportunity to examine model brains.

Some of my key takeaways from this event are:

  • Coaching is not about telling people what to do, rather it is about listening and letting them come up with solutions and helping them engage the “thinking part” of their brain.
  • Good leadership comes from making your team feel valued and supported and then, in a non-threating work environment, the team will really enjoy what they do and add true value.
  • Treating individuals as real people, is the key to creating high performing and engaged teams.
  • By asking questions in a new way and truly listening, individuals and teams will shine, and businesses will flourish.  

It was a truly unique and inspirational presentation and gave us all a different way to think about the way we lead and how we like to be led.  Also, how we can create a culture of forward thinking and innovative people, who love their jobs and feel motivated. 

The Moir Group were delighted to have Simon speak for us and his scientific approach to creating the ideal job and work environment links directly to our Moir Group purpose of everyone striving for a satisfying job and a fulfilling life.

Written by Karen Ryan – Director Moir Group

For more information on Simon and his work – head to his website here. To find out more about upcoming events, please visit our events page here.

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Key Points From Trent Duvall's “The Challenges And Opportunities Facing The Australian Consumer Goods Markets”

Thursday, December 07, 2017

 When we think of industries we recruit for that have experienced the greatest change, disruption and technological advancements, it's the retail and the consumer goods marketplace that has faced the most volatility. 

We recently hosted Trent Duvall, National Leader – Consumer Products, KPMG Australia, as a speaker for one of our events. He spoke on “The Challenges And Opportunities Facing The Australian Consumer Goods Markets”. Here are some of the key takeaways I had:

  • 2017 has been a challenging year. Although business confidence is higher, retail sales figures over the past few months have been flat. We should see a natural surge over the festive season.
  • Supermarkets and pharmacy sectors continue to have growth, whilst take-away and recreational goods flat lined compared with 2016.
  • Consumer confidence has rebounded, but it's still expected to remain weak, primarily due to the impact increased energy and housing costs have had on family finances.
  • The low interest rates, soft wages growth and falling employment rates have had a knock on effect on the market.
  • The arrival of Amazon has created buzz in the market, but don't expect everything to change.
  • Amazon has launched in Australia but there is still plenty of room for strong retail organisations to compete, especially if they already have a strong brand presence. 
  • Australian retail is and will continue to be mostly shaped by the three As – Alibaba, Aldi and Amazon. These companies will take more market share over the next few years and online sales will continue to surge upwards.   

Our events have now finished for the year, however we are currently putting together events for next year. If you would like to find out more about these events as they are organised, please visit our website here and check back regularly for updates.

Written by Emma Walsh, Business Manager

P: 02 9262 4836  M: 0414 324 610  emmawalsh@moirgroup.com.au

Image credit: ymgerman / Shutterstock.com

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Key Points From Shane Oliver's Economic Outlook for 2018 Event

Wednesday, November 22, 2017

Here are some of the key takeaways I had from our recent Moir Group event, Shane Oliver's Economic Outlook for 2018.

  • In 2018 there will be no recession in Australia, but no boom either in the economy.
  • The Australian economy is going to do okay in 2018. It is more constrained in Australia versus overseas.
  • Under employment is high in Australia versus the US.
  • Europe is looking stronger. France is on a better path.
  • Housing market in Sydney is slowing. However, there will not be a crash.
  • Interest rates to remain low in Australia in 2018.
  • The political situation in Australia could start to impact confidence.
  • The Services sector is where the growth is coming from in Australia.

Our next event is on November 22nd - “The Challenges and Opportunities Facing the Australian Consumer Goods Markets” presented by Trent Duvall – National Leader consumer products KPMG Australia. If you would like to attend, please let us know events@moirgorup.com.au

We host the economic events once a quarter, so please keep an eye on our event's page here if you are interested in attending the next one.

Written by Stephen Moir, Director

P: 02 9262 4836  M: 0431 895 236 stephenmoir@moirgroup.com.au  

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The Science Behind Leadership

Tuesday, August 01, 2017

The Science Behind Leadership

Speaking at a Moir Group event 26th July, Simon Smith from Southern Cross Coaching and Development shared his insights with 90 attendees delving into the neuroscience behind the way we all think, feel and engage with each other, and how this impacts our leadership skills.  

“We’re more likely to need leaders who are good at facilitating new solutions than having all the answers.” (De Valk, Penna Talent Practise, June 2014) The challenges leaders faced today amongst others are that they need to create an engaged, high performance, agile, resilient and innovative culture and team……..and quickly!

Humans are designed to survive and thinking helps us survive. 5 times as much brain circuitry is dedicated to threat assessment than towards a reward response.  But what can you do to create the right environment? Reduce your threat response by increasing your reward response.

Good leadership comes from making your team feel valued and supported. Combine that with a non-threatening work environment, and the team will then come up with ideas and really enjoy what they do. A coaching leadership style is the style of the future. It’s about treating everyone how you would like to be treated, listening, asking and following through. Coaching with compassion not only builds engagement but resilience and empowerment as well.

Simon delved deeper into this coaching leadership style by explaining his idea around social motivators, coaching conversations and brain based coaching.  He asked us to think about our current leadership style and in turn how we would like to be led and provided us with tips on creating a culture of forward thinking and innovative people. An example that he suggests using is asking ‘questions not queggestions’ and getting people to come up with their own solutions. Even with times of change in a company these methods can be used by looking at what you can do rather than what can’t be done.

This links directly to the Moir Group purpose of striving for a satisfying job and fulfilling life and we were delighted to have Simon present to us. If you would like to hear from the Moir Group stay up to date and join our community by following us on LinkedIn, Twitter or liking us on Facebook. 

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Critical Leadership Qualities In A Rapidly Changing World

Thursday, May 18, 2017

Critical Leadership Qualities In A Rapidly  Changing World

Today’s leaders are navigating increasing speed, complexity and disruption. While leadership development has grown into a significant global industry, traditional approaches to executive education have struggled to keep up with the dramatic pace of change, which is leaving leaders ill-equipped in uncertain times.  
 
While the changing context is creating opportunity for some, it is leaving others behind. Surprisingly, many of those who find themselves compromised have enjoyed successful careers and commercial success.  This raises the question:  what does it take to thrive in an uncertain world? 
 

Julie Birtles is a pioneer in developing innovative approaches to leadership development, which has shaped a generation of leaders who have the capability and confidence to lead in challenging times.  On Monday 22nd May, Julie will share her insights in how you can develop these skills.

 
 For more details head to our Events Page
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Trends And Why Leaders Of Tomorrow Need To Understand Consumers"

Wednesday, May 10, 2017

"Trends and why leaders of tomorrow need to understand consumers" - Reflections on Simon Corah's recent presentation

In the workplace of today, many of us are dealing with multiple short term demands and a pressure to fight fires. It is not always easy to find or justify the time to consider trends in the wider market, with questions such as "where is the market going?" and "how do we ensure our strategy focuses forwards, not backwards?" So, how do we discern between trends and fads?

This post argues that to be successful, leaders of tomorrow need to find that elusive time and focus, no matter what your background or function, and balancing short term demands with a deep commitment to understanding consumers.

According to a Simon Corah, CEO of the Sydney based Growth Mantra consultancy, trends are integral to strategy, and if we ignore trends or misinterpret them as passing fads, we are at risk of being left behind, with such high profile examples include Kodak and Nokia.

Simon argues that it is consumers that leaders of tomorrow, should look to because consumers set trends.  By focusing on consumers and what consumers are doing, we can gain those valuable insights and a deeper understanding of where to head next. 

At a recent Moir Group event, Simon highlighted the following eight super- trends:

PersonalisationThink some of the latest health apps. Google Health sells tailored health insurance based on your unique DNA and is one of the fastest growing health insurance offers globally.


Artificial Intelligence and Robotics. - It is predicted that automation will grow exponentially in the next few years.  On the one hand many jobs are predicted to become obsolete.  One example often sited is routine compliance work.  Yet on the other hand, a new breed of jobs are likely to grow in their place, including those of which we haven't yet heard much, such as automation ethicists or automation economists.


Share economy. - This trend is already well underway - consumers are demonstrating less interest in ownership and more interest in paid access or subscription.  Air BnB is one example.  Another is Spotify.


Open Innovation.- The STAR Alliance in the airline industry illustrates the trend towards collaboration in instances where there is no geographic competition.


Transparency.   - Simon's example for this super-trend is Nike.  Remember the storm in negative publicity that Nike experienced when the public learned of their abusive labour practices.  Manufacture was outsourced overseas with workers being paid as little as 14c per hour.  Having hit rock-bottom, Nike used transparency to address the potentially catastrophic scenario, publicly acknowledging their issues and printing a full list of contracted factories.  Nike improved overseas workers pay and conditions, and published a detailed report on working conditions -'warts and all', embracing transparency to rebuild trust with consumers. 


Simplification.  An obsession for us at Moir Group and many leading businesses who continually strive to reduce complexity and get closer to making the customer journey as easy as possible.  Amazon is seen as a world class benchmark in simplifying the consumer experience.


Privacy and Security.   - Another trend with which we are already grappling with.  Large companies such as Facebook and Google hold vast amounts of personal data.  What level of privacy are we as consumers prepared to accept?  Concurrently, as businesses we are all gaining more and more information about current and potential customers.  How do we make use of this rich information responsibly, protecting the safety and interests of our consumers and ourselves?


Convergence.  - The traditional distinction between many industries is blurring and as businesses evolve and adapt to the rapidly changing landscape, another super trend relates to convergence.  The home furnishing business IKEA is also known for its food. Is Apple Home a technology offer, a home improvement or an electronics service?  And importantly, what business are you in?


Bluetooth-enabled bandaging can now monitor and potentially revolutionise wound care.  How about a Light N Easy menu based on your unique genome?  Can a 3D printer produce a replacement human organ?  Metromile's pay per mile insurance is an example of personalised insurance, which is extremely attractive  to low mileage drivers.  And swim suits can now alert the wearer when they are getting burned.  While we don't know what will work, if we don't try we will be the next Kodak? By gaining a deep understanding of consumers, their current behaviour and where they are moving, leaders of tomorrow give themselves the best chance of adapting to our rapidly changing world and the best opportunities for future success.


If you'd like to know more about Moir Group's progress in developing a deeper .understanding of our candidates and clients, I would love to hear from you, please contact me on 02 9262 4836 or stephenmoir@moirgroup.com.au.


And to learn more about Simon Corah's exciting work at Growth Mantra, see www.growthmantra.com.au



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Get Real Boss; Unlocking Potential Through Authentic Leadership with Mark Bilton, Managing Director, Thought Patrol Pty Ltd

Monday, March 13, 2017

Moir Group recently hosted Mark Bilton, Managing Director of Thought Patrol, who delivered some insights on how to overcome some of the many challenges faced by the leaders of today and what qualities make a modern leader. Mark drew on his more than 20 years of experience as a CEO where he led organisations through transformation, cultural and strategic change. Mark led companies such as Gloria Jeans, where he oversaw in 40 countries, Hagameyer Brands and Charles Parsons, and is now Managing Director of Thought Patrol whose aim is to ‘enable leaders and their organisations to realise their full potential’.

Traditional ideas of leadership have included the likes of dictation, power and self-promotion, however, many organisations and business leaders of today are understanding the importance of leadership for the benefit and betterment of a larger group. Everything stems from leadership, most of us know the phrase, “People don’t leave bad companies – they leave bad bosses”, we hold expectations of leaders and of ourselves in leadership roles. Yet trying to be something we are not is unrealistic, unrewarding and not sustainable. Mark examined exactly what makes an effective leader and how exactly businesses will be able to move forward in the modern age of technological advances, globalisation, and evolving needs of employees.

Even with the abundance of information available today, CEO’s and senior managers know that to stimulate their workforce they need to create a strong culture that meets the needs of those under their direction, so how do leaders set about creating a productive working environment? Mark talked about how today's employees need to feel part of the decision-making process and shaping the overall vision, leaders need to adopt a collaborative approach as well as inspiring employees towards a vision and establishing confidence and trust. Leaders also need to be influential, others are more likely to accept your ideas or direction, authority implies no such acceptance, people often obstruct change and initiatives because of resistance to authority.

A key component for building trust with others is empathy, show that you are aware of your employee's feelings and appreciate those feelings, even when you don’t agree with them, it builds trust. Innovation is also key to distinguishing between a leader and a follower. Mark commented, ‘if your environment is too structured innovation does not thrive, challenge the status quo and make sure innovative ideas are listened to’. Who you are ultimately drives what you do and how you perform, it is important for leaders to find balance in their life and ‘respect your authentic self’, being grounded often results in more effective decision making.

A strong leader is passionate about what they do and the people they are doing it with, they have strong convictions, John Maxwell said that ‘a great leader’s courage to fulfil his vision comes from passion, not position’. Finally, being ethical means doing the right thing, even when doing the right thing isn’t popular or easy to accomplish, Mark said that ‘if you not a moral or ethical person you really have nothing’.

       

Thank you to everyone who came along to this event, if you would like more information on upcoming events please head to our Events Page and join our community by liking us on Facebook , following us on Twitter and connect with us on LinkedIn to stay up to date. 




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The Challenges And Opportunities Facing the Global and Local Economies In 2017 And Beyond" with Paul Bloxham, HSBC Bank Australia.

Monday, February 27, 2017

Moir Group recently hosted Paul Bloxham, Chief Economist for HSBC Bank Australia who delivered a comprehensive overview of the local and global economic projection for 2017, titled ‘Challenges and Opportunities Facing the Global and Economies in 2017 and Beyond,’

The Australian economy has been doing well as compared to other major world economies, specifically, between 2007 and 2015 the economy has expanded by 23 percent. It has outperformed the economies of other countries such as the US which expanded by 13 percent, Germany by 8 percent and the overall European Union economic expansion of 3 percent during the same period. This achievement is attributed to the association of Australia with China and other Asian countries. For instance, the economy of China has expanded by 93 percent from 2009 and the Australian economy has been one of the major beneficiaries of this growth.  Paul emphasised that this has been achieved by Australia’s maintenance of strong ties with China, in catering for the Chinese demand for services and agricultural products. He also believes that the new US administration and political developments in within the European Union may indirectly pose a prospect of growth to Australia through China’s economical demands.

If the proposed 45 percent tariff on imported goods from China will materialize in the US market, the Chinese export of manufactured goods to this market will decrease. Paul then goes on to discuss that in order to prevent slow economic growth, China will be forced to shift its economy from being manufacturing export oriented to a domestic consumption economy. There will be an increase in infrastructure development which will lead to an increase in demand of hard commodities. This in turn will translate to an increased demand of Australian iron ore which will boost the mining sector’s contribution to the gross domestic product. Australia will also increase in exporting its expertise in infrastructure development to China.

Currently the Chinese economic growth is increasingly driven by the services industry. Australia is a champion in provision of services which include education, financial, medical and tourism. In recent years, there has been a great increase in Australian export of these services to China. For instance, by 2014 the number of international students from China in Australia reached 90,000 and the number of tourist has increased from 350,000 in 2009 to 1.3 million, representing an annual growth rate of 20 percent for Chinese tourists visiting Australia. Paul believes that the export of financial services has also been doing extremely well, and as such, the establishment of Australian banks within China has already occurred. Furthermore, if the Chinese economy will shift from being manufacturing export oriented to a more domestic consumption focused economy, the wages will increase which will translate to a rise in their middle-class income. This means that the demand of services from Australia in the Chinese market will continue to grow as the middle-income group will increase their spending in tourism, education and in search of better health services.

Paul predicts that there is a strong likelihood that China will reciprocate on the US proposed tariff on her export and reduce its importation of Agricultural products from US by imposing tariffs or other trade barriers upon them. This in turn, will be another opportunity for Australia to increase its export of agricultural products to China. In addition, the Chinese government have been exporting low cost manufactured goods to both the West and European Union markets but then retaining the gained profit by buying their government’s securities and loan advancements. However, the China’s future prospect in these two markets has been threatened by the new US administration and political developments in the EU such as Brexit. It is believed that there is therefore likelihood that China will redirect its foreign direct investments to Australia as a further reciprocation of these threats in its international terms of trade. The real estates and renewable energy sectors are the sectors that will continue to benefit from China’s ties to Australia. There will also be great opportunities for Australian companies to invest in China as the trade ties between the two states continues.

China has been, and will continue to be, Australia’s largest trade partner both in export and import. With the free trade agreement between China and Australia, commodities will continual to flock to the Chinese market than from any other part of the world. Since the commodity prices in Australia have been on the rise, Paul projects that Australia will reap huge corporate profits from this trade, which will also increase the government taxes. As the economy of China goes under a transformation, the Chinese demand for some sophisticated manufactured goods from Australia will also increase. Other resources such as coal and different expertise will be exported to China.

The Australian economy has been benefiting much from its strong ties with China than from any of its other counterparts, says Paul. The failing terms of trade between China and the rest of the world will indirectly spur an era of economic prosperity to Australia. In closing, Paul emphasised that Australia should seek to continue in strengthening its trade ties with China in order to reap the economic benefits.

Thank you to everyone who came along to this event, if you would like more information on upcoming events please head to our Events Page and join our community by liking us on Facebook , following us on Twitter and connect with us on LinkedIn to stay up to date. 


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