Category: General Advice and Information
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Annual Adjustment Day
While diligently contributing to your superannuation (super) fund is crucial for a comfortable retirement, understanding the nitty-gritty of its inner workings can be daunting. One such concept is Annual Adjustment Day. Fear not, for this guide will shed light on what it means and how it affects your super balance. Annual Adjustment Day: Not a…
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Superannuation Annual Review Day
Superannuation contributions and entitlements are reviewed and adjusted throughout the year based on various factors. However, it’s important to understand how your super is performing and take proactive steps to maximize your retirement savings. Here’s a breakdown of key aspects related to super contributions and entitlements: Understanding Super Contributions: Factors Affecting Your Contribution Rate: Reviewing…
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Additional Employer Contribution (AEC)
The Additional Employer Contribution (AEC) is a benefit for some employees in Australia that boosts their superannuation (retirement savings). It’s essentially an extra contribution your employer makes on top of the compulsory Superannuation Guarantee (SG) contribution. Here’s a breakdown of AECs; What it is: Who gets it: History of AECs: Benefits of AECs: How to…
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Accumulation Accounts
An Accumulation Account is a cornerstone of many retirement plans, particularly in Australia. It’s a type of superannuation account where your retirement savings grow over time. Let’s delve into how Accumulation Accounts work and how they can benefit you. The Core Principle: Contributions and Investment Growth Think of your Accumulation Account as a pot where…
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What is recruitment?
Landing your dream job is an exciting prospect, but behind the scenes, a complex dance unfolds: recruitment. This crucial process ensures businesses find the right talent to fuel their success. But what exactly is recruitment, and how does it work? The Recruitment Life Cycle: From Need to New Hire Recruitment encompasses the entire process of…
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What are the different types of recruitment (e.g., agency recruitment, in-house recruitment, retained search)?
In today’s competitive job market, there are numerous ways for companies to find top talent. Understanding the different types of recruitment can be crucial for both employers seeking to fill positions and job seekers navigating their career paths. Here’s a breakdown of some of the most common recruitment methods: In-house recruitment, also known as internal…
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What are the benefits of using a recruiter?
Navigating the job market can be a daunting task. Whether you’re a seasoned professional or a recent graduate, the process of crafting resumes, tailoring applications, and networking can feel overwhelming. This is where recruiters can become invaluable assets. But what exactly are the benefits of using a recruiter in your job search? 1. Access to…
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How can I find a recruiter?
The job search landscape is constantly evolving, and navigating it solo can feel overwhelming. Enter the recruiter: your potential career champion, advocating for your skills and connecting you with coveted opportunities. But with so many recruiters out there, how do you find the one who aligns with your career goals and industry? This guide will…
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What are the benefits of a strong employer brand?
In today’s competitive talent landscape, attracting and retaining top performers is no easy feat. Companies are constantly vying for the best and brightest, and a strong employer brand has become a critical differentiator. But what exactly is an employer brand, and why should you invest in building one? Simply put, your employer brand is the…
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How can I stay up-to-date on the latest recruitment trends?
Staying up-to-date on the latest recruitment trends is crucial for both job seekers and employers alike. In today’s dynamic job market, where technological advancements and societal changes continually reshape the landscape, staying ahead of the curve can make all the difference in landing the perfect job or attracting top talent to your organization. Here’s a…