Company gives out $100,000 bonuses

Forty-one lucky employees of Hancock Prospecting will be receiving a cash bonus of $100,000 as executive chairman Gina Rinehart prepares another raffle this week.The massive bonus comes as Rinehart marks her 41 years at Hancock, as well as her 69th birthday on Thursday, news.com.au reported.Former Roy Hill CEO Barry Fitzgerald said the scheme is a “tremendous example” of Rinehart’s generosity and appreciation of staff. “The Chairman’s Profit Scheme means that everybody’s joint efforts pay off, with our people genuinely engaged with driving the performance of our operations and business,” he said in a statement. “The scheme creates a unique opportunity for our staff to drive performance at Roy Hill and participate in the profitability of this Great West Australian mining operation and company.”

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Isobella Martin | quote

I could not be prouder to work for this wonderful company and represent women in mining. 5 years working for the generous Mrs Rinehart at Roy Hill. I have gained so much personally and professionally. The best part is, I have only just scratched the surface.

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Record number of Australian pensioners are marching back to work

According to the Bureau of Statistics, an army of Australian workers over the age of 65 are marching back to work, pushing the number of pensioners employed beyond pre-pandemic levels. Breaking the record with 689,000 pensioners employed around Australia, the pandemic, labor shortages and an increase in the amount a pensioner can earn are all contributing factors. Ian Henschke, Chief Advocate for National Seniors Australia, told 6PR Afternoons host Jo McManus that Australia should stop looking to overseas workers to fill the labor shortage.

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What Australia’s seniors can expect ahead of 2023

A variety of changes will come into effect as of this week which will affect Australia’s elderly. There are calls to allow older Australians to work without losing their pension. Chief Advocate of the National Seniors Association Ian Henschke told James Willis it could become a reality this year.

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Ian Henschke: Older Australians and retirees can help solve record job vacancies

Australia is facing a workforce crisis it has never seen before. Job vacancies are approaching half a million, dragging business and economic growth down and fuelling a cost-of-living crisis. These labour shortages put pressures on food prices, affect supply, and export earnings. National Seniors Australia’s submission to the white paper recommends policies to support workforce participation throughout a person’s life to boost income and savings in later life. One of the key barriers to workforce participation is our punitive tax and transfer system. Centrelink payment recipients are unfairly punished if they work, creating the biggest sources of inequality in Australia.

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OLDER AUSSIES PUSH BACK ON RETIRED LIFE

Earning enough to lead a comfortable lifestyle is one of the reasons why Rick Cullen continues to run a law firm at the age of 75. “That’s part of it,” Cullen says. “But it’s probably more because I find work as interesting as it’s ever been. National Seniors Australia chief advocate Ian Henschke reckons ageism is the biggest barrier to employment for older Australians. He says the second-biggest is how Centrelink penalises pensioners for earning over a certain threshold – although Treasury’s Retirement Income Review suggests these types of financial incentives do little to encourage people to stay in the workforce.

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