Kaya,
Often described as a financial sledgehammer, we all watch with curiosity every move the Reserve Bank of Australia makes regarding interest rates. As the lending of money becomes more expensive, we see record low unemployment rates across our region and country. There are ongoing challenges for SME’s to attract and retain staff and the ‘Great Reshuffle’ is certainly playing out in our local market. We are all fishing from the same talent pool. With competition high for skilled resources, great staff are being lured away from roles with fancy perks and higher salaries. In certain circumstances this makes it difficult for some SME’s to compete. COVID conditions in the region are also exacerbating these conditions, only adding to the pressure many small businesses are experiencing. You only have to walk down Victoria Street in Bunbury and you can literally count the ‘Help Wanted’ signs. Many businesses are having to close to accommodate their staff shortages. If the RBA’s current rate rises take their intended effect on inflation, it will be interesting to see the impact it will have on employment and retention figures across our many businesses.
Bunbury Senior High School (BSHS) hosted the July Business After Hours event. Despite the crazy weather, we had a great turnout with more than 70 people attending the event. Principal Mike Sinagra gave a great presentation and shared with us the broad range of programs and initiatives that BSHS are offering their students and delivering within the community. There was an autonomous vehicle on display and a presentation from Paul Reynolds, Program Coordinator for the Arts, who shared the journey of their latest mural masterpiece down at the new Bunbury Jetty Road.
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Next Business After Hours Event - 31 August Moshi Moshi Marketing – Business After Hours Members Only Sundowner 5.00pm – 7.00pm
If you would like more information regarding becoming a member of the BGCCI, call us today on (08) 9791 2292 or visit our new website www.bgcci.com.au
