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Tracing the future of coal mining in Australia post approval of Adani Carmichael coal mine

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Even as the state governments have given a nod to several new coal projects like Adani Carmichael coal mine, Kevin’s Corner coal mine, Olive Downs coal mine, etc., some questions remain over the future of coal mining in Australia

Dozens of coal mines are operating across several states in Australia. While some of them have been operating from a long time, others are new on the scene and are looking to start the production sooner than later. Even as the state governments have given a nod to new coal projects like the Adani Carmichael coal mine, Kevin’s Corner coal mine, Olive Downs coal mine, etc., some questions remain over the future of coal mining in Australia.

Additionally, the enormous pressure exerted by the motivated campaigns of environmental activists, besides global initiatives to ensure zero carbon emissions by 2050 has put the future of coal mining in a jeopardy. The situation has been further aggravated by the Covid-19 pandemic and the global lockdown forced by the same. However, Australia is well-known to be the world’s second largest exporter of coal from some time. Given its economic dependence on the sector and long-term policy generation, the decision is likely to be favourable for coal mining in the long run. 

The coal mines operating in Australia not only employee thousands of skilled workers and attract hundreds of small and mid-sized business along the supply chain, but also contribute a lot to the country’s economy all the time. The impact of coal mines has always been significant on the growth prospects of the states hosting these mines.

Even during the pandemic, coal mines continued the operations and cushioned the country’s economy and skilled workforce without too many hurdles. The sector may undergo a few changes through a step-by-step process, but it cannot afford any major scale down in the near future. The possible economic devastation caused by such a step is unimaginable to say the least. Thousands of workers would be left unemployed and many businesses would be forced into liquidation sooner or later.

At this juncture, the government has done well to withstand the pressure, having approved many new coal mining projects in the recent time. The authorities are well-aware of the situation on ground and understand the importance of securing the future of coal mining in Australia. They are backing a long-term strategy to make informed decisions in a stabilized manner, rather than doing things in a hurry. It is ensuring uninterrupted supply of coal and increased use of technology to reduce the carbon emissions. 

Diversification is also the key with the government wary of the situation all along, wherein a sudden shutdown would lead to devastation amidst the Covid-19 pandemic. It is not easy to undermine the role of new mining projects like the Adani Carmichael coal mine, Kevin’s Corner coal mine, Olive Downs coal mine, etc, in creating hundreds of employment opportunities in the coming years. 

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5 Aspects of a Great 401(k) for Employees

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When deciding to accept a job offer or stay with an employer, candidates and employees take a company’s retirement benefits into account. That means 401(k) plans are more than a way for employees to save for retirement. They can be an important recruitment and retention tool for employers, including small businesses. 

A small business 401(k) can help your company stand out and compete for talent with larger organizations. In fact, without a 401(k) benefit, your business may be losing out on good workers. This can end up costing you more than retirement plan benefits.

If you’re thinking about adding a 401(k) for employees, you may be wondering what features will appeal to them. Here’s a look at some of the qualities that make 401(k)s attractive to your staff and increase participation rates.

1. Matching Contributions

Although employers don’t have to match workers’ contributions, many do as an incentive. For employees, matching contributions are essentially free money. These contributions can provide a boost to their salaries and entice them to stay.

Companies typically match anywhere between 1% and 7% of employees’ contributions. Workers’ 401(k) contributions usually make up a percentage of their salaries or hourly wages. For instance, a business may offer to match 100% of employees’ contributions up to 3% of their income. The employer may also match 50% of contributions that represent up to an additional 2% of workers’ salaries.  

Rather than a tiered match, as in the example above, some employers may elect to make a flat-rate contribution. Let’s say the average staff member earns $50,000 a year. You decide to match 100% of 401(k) contributions up to 5% of their annual salary. If the employee contributes 5% (or $2,500), your contributions will also equal $2,500.

As you can imagine, the costs to a company of 401(k) contributions are substantially less than those associated with turnover. Gallup estimates that turnover costs a business between one-half to two times a worker’s yearly salary. For an employee making $50,000 a year, that’s $25,000 to $100,000 you could potentially save through retention.

2. Financial Education Tools

Access to financial wellness education and online tools is becoming increasingly important for workers. When employees experience financial stress, they’re more likely to call out sick or arrive late to work late. Distress over money issues can increase absences and tardiness by as much as 34%.  

By including money management courses and online tools as part of your 401(k), your staff can learn best financial practices. Topics may include budgeting, how much to save for retirement, and guidelines for emergency savings. 

Some 401(k) plans have web-based interactive tools that let employees calculate how much they need to save. These tools can also provide concrete information on how different investment options can impact their 401(k) earnings.  

3. Automatic Enrollment

The 401(k) enrollment process for workers can be confusing and lead to frustration. It’s also easy for eligible employees to forget to enroll or put it off. Automatic enrollment simplifies the process. It also removes the pain point of having to remember to go online or fill out paperwork to enroll.

Automated processes can be set to deduct minimum contribution percentages and increase these with age or tenure if employees choose. For example, an employee who reaches the age of 50 may want to start making catch-up contributions. Others might begin with contributions representing 1% of their salaries then increase to 5% after they become eligible for an employer’s match.    

With automatic enrollment options, the IRS requires that employers give their staff a way to opt out. Workers should be able to opt out of contributing to or participating in the plan. They will also need a way to reduce their contribution percentage if automatic enrollment sets it at a predetermined rate.

4. Immediate or Shorter Vesting Terms

Some 401(k) plans require that employees complete so many years of service before they become vested. With vesting, your staff can keep all of their contributions if they leave before the tenure requirement is up. However, they will lose any matching contributions.

While vesting requirements can make businesses feel more secure, workers may find them restrictive. They might look at long tenure stipulations as a means of control or a reason not to participate. Immediate vesting or 401(k) plans that contain shorter tenure requirements can prevent these negative perceptions. Even though immediate vesting may be riskier, you could see a bump in job satisfaction and engagement.          

Another option to shorter tenure requirements is to use a graded scale. As your staff logs more years on the job, the percentage of vested contributions gradually increases. For example, the percentage could increase by 2% with each year of service.  

5. A Variety of Investment Funds

Your staff will have different retirement goals, needs, and risk tolerances. Younger employees may want to invest in a range of stocks and money market funds. This includes funds with higher risk and growth percentages. More mature staff members might want to gravitate toward stable and low-risk options like bonds.  

Providing a wide range of options, such as international, large-cap, mid-market, and small-cap funds can help satisfy all employees’ expectations. Some 401(k) plans also provide age-based funds that make investing easier.

These funds are curated and automatically adjust their portfolio mix according to the age of the investor. When an employee is further away from retirement, the fund invests in options with more growth. As the person gets closer to retirement, stable funds make up an increased proportion of the mix.  

Offering lifestyle funds, which work in a similar way to age-based funds, can also diversify your 401(k) plan. These funds adjust their portfolio mixes based on how much risk the employee is willing to take. Index funds with low administrative costs and fees can increase the attractiveness of your company’s plan.

As the war for talent escalates, businesses that provide a well-rounded 401(k) plan give themselves an advantage. Attractive plans go beyond a decent company match. They include a range of options that put control in the employee’s hands. Without these as part of your 401(k), you may be leaving skilled workers with no option but to look elsewhere.

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All You Need to Know About a Police Union

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A police union is guided by the mission and vision they set out for themselves. The mission usually centres around creating safer communities by combining their powers with other community forces. The Queensland Police Union for example intends to reach their goals by working with non-governmental as well as governmental organizations.

And so the different strategies to reach their goals as a police union continues across different districts in Australia. The one aspect that remains the same everywhere is the dedication and commitment from all the members of the police union to reach their goals.

This is What the Police Union Value 

It’s important to understand what the values and guiding principles are for any police union so that they reach their goals. This will fundamentally guide them in their decision making and planning. These are some general values and principles shared by most police unions:

  • Values: They believe their members should be courageous and always do the right thing when dealing with any situation. Being consistent and making honest decisions is key. Their members should provide solid evidence which reflects fairness and objectivity with every case they present. Taking pride when serving the community should be taken seriously and modelled daily by all the union members. Fostering a trusting relationship with the community can only be sustained through having integrity. Maintaining a level of professionalism demands respect from the community and that’s encouraged by the union.
  • Principles: Police unions aim to unleash the full potential of their members. They embrace their members with empathy understanding the difficult terrain they have to navigate. They encourage new ideas and work together to reach their goals. Setting clear and realistic goals is essential for the union’s success. They also invest a lot of resources into developing their member’s skills so they stay on top of their game. Being transparent in all areas of their work is a top priority.

Implementing Different Strategies 

Although each police union has a specific strategy for their area, the following strategies are usually adopted by most police unions. These strategies are designed to strengthen the union and help them reach their goals.

Stopping Crime

A police union always devise a variety of tactics to stop crime. These tactics have been invented and studied to disturb the manifestation of crime. Some of the strategies include addressing the threat of terrorism as well as combating organized crime. Through strong collaborative partnerships with communities and other law enforcement agencies, many police unions succeed in stopping crime.

Of course, this doesn’t mean there’ll never be new ways criminals come up to break the law, it simply means police unions are dedicated to investigate and prevent crime at all times.

Safer Communities

Creating safer communities is a top priority for most police unions. One way of creating a sense of security could be by responding promptly to emergency calls. If a unit responds quickly to an emergency call it cements trust and confidence in the police force. Communities need to trust the police because they need each other to combat crime. A zero-tolerance for criminal activities should be adopted in all communities.

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4 Helpful Tips on Making Your Next Move Easier

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“Moving can be fun”, said no one, ever! Whether it’s a small couch or your queen-sized bed, transporting your belongings can be hard work. But, working smarter, not harder is where the secret lies.

Moving into a beautiful new home is exciting for anyone, right? However, moving all the items you’ve hoarded over the years isn’t as fun. Luckily there are ways to transport your goods easier and safer. One such way could be using a box trailer hire which comes in handy when you’re transporting smaller loads. 

Let’s look at this and some other ways you can make your move safer with less fuss. You may even surprise yourself and enjoy the experience. 

Trailer Safety

Using a trailer for your move is a good option as it’s affordable and easy to use. Operating a trailer for the first time can be nerve-racking though. Being in transit with a full load requires that you know exactly where you’re going and what you’re doing. This is what you need to check before hooking up your trailer to your vehicle:

  • Trailer hitch receiver: If you’re lucky and you own an SUV or a pick-up truck then the hitch is already attached to the vehicle. If not, go and buy a hitch to attach to your car. Always make sure you firmly secure the trailer to your car for a stable towing experience.
  • Wiring harness: You’ll notice your trailer has lights at the back. This helps you safely indicate when you’re turning or stopping when driving. These electrical wires connect the trailer to your car which should be covered by a wire harness for safety. Protecting the wires safeguards against the weather and other elements that can damage the wires.

Stop Procrastinating!

Putting things off won’t get you anywhere and will only increase stress. So, start immediately. Identify which room in the house will take up the most time to pack up and start there. Getting the most difficult task out of the way will give you motivation to tackle the smaller tasks. Here are more ways to get going:

  • To keep yourself accountable, set a deadline and stick to it
  • When unpacking the boxes, immediately get rid of them to limit frustrating clutter
  • Give yourself no room for excuses. For example, ask for help if you struggle moving large items
  • Bubble wrap your fragile pieces and mark them as fragile on the boxes
  • If you can, plan your move on a weekday when the roads are quieter
  • Only use sturdy moving boxes. Re-used boxes can be worn out and cause breakage
  • Don’t mix items from different rooms. Pack room by room, box by box so unpacking will be easier

What Should Go and What Should Stay?

Letting go of sentimental items isn’t easy but there’s no better time to declutter than when you’re moving. This simple checklist will help you decide what to chuck and what to keep:

  • Leftover paint should definitely go so throw it away or give it away
  • Books you’re not planning to read should be donated 
  • Any expired medicine should be thrown away
  • Keep some plastic containers that are still in good shape and that still have lids, but get rid of the rest 
  • Donate or bin anything you haven’t used in a while. Better yet, get the kids to do this activity with you so it will make your load lighter 

Ready to Move, What Next? 

The thought of hiring a moving company is an option but so is the heavy bill that comes with it, right? If you decide to take on the job yourself, here are some tips to make the trip easier:  

  • Set out a timetable so you know exactly how long it will take for trips between the two locations 
  • Marking essential boxes such as food and kitchen homeware as “open me first” on the box, helps you identify them easily and saves you a lot of time searching through several boxes
  • Label boxes by items and rooms, which makes it easier to allocate and unpack 
  • Listening to a music playlist while unpacking eases some of the stress and can actually make the exercise enjoyable
  • Keep the clothes on the hangers when you pack them. That way it’s easy to unpack and hang in the closet when you arrive at your new place 
  • Don’t overload boxes. It’s unsafe and can cause those carrying them to drop them 
  • Avoid moving at night. you’ll be tired and moving a load on the road after a long day isn’t safe

Final Thoughts

So perhaps moving won’t ever be a “fun” experience but it could be a more palatable event. It only takes some planning and commitment to get it done as quickly and easily as possible. 

The best feeling after a move is always the satisfaction when it’s done. Starting sooner rather than later is always a bonus and gives you a sense of control. So, start packing right away and enjoy the excitement of moving into a new home. 

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How Much Are The Prices And Storage Capacity Of Adelaide Skip Bin Hire Company?

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Adelaide Skip Bin Hire is a leading skip bin hire company in Adelaide. With over 10 years of experience and a high quality service, they are the number one choice for many people looking to get their hands on Best Price Skip Bins. They offer a range of different sized bins to suit your needs, with prices starting at $150 for small-sized bins up to $900 for large-sized ones that can hold up to 50 cubic meters each.

What Is Skip Bins?

If you have rubbish that’s too big to fit into your garbage bin, the best option is a skip bin. Skip bins are large containers used for collecting and storing waste materials so they can be disposed of down at the dump. They’re available in different sizes depending on what types of wastes you want to store and how much space you have around where it will be stored.

Skip Bins come in all shapes and sizes from very small ones up to quite large ones with capacities ranging from ten litres or two cubic metres right up to as high as fifty cubic metres or more than one hundred thousand litres. In general most people use them for gathering household type debris like garden clippings, old furniture pieces, cardboard boxes etc., but really, anything that will fit into the bin can go in there.

Choosing a skip size is more about how much space you have than any other considerations, but it’s worth noting that if you’re going to be storing large and heavy items like bricks or steel pipes then you’ll need a bigger one with higher capacity. 

Prices And Capacity Of Different Skip Bins Are:

  • $150 for small skip bins (bins capable of holding up to 30 cubic meters) 
  • $300 for medium sized bins (bins capable of holding up to 50 cubic meters) 
  • $800 for large skip bins (skip bins able to hold up to 100 cubic metres).

Discounts Providing By Company:

• If you are looking at renting more than one bin, they will be happy to provide their customers with an extra discount. This is typically around 15% off the total cost when two or more units are rented. For example, if it costs between 500 – 600 AUD per month in general, then it would fall down closer towards 400 AUD per month once this discount is taken into account.

• If customers take a look at the long-term rental deals, they will notice that these can also be discounted by around 15%. These are monthly and yearly contracts with an agreed upon price per month or year in advance of any work commencing on the job site. For example, if it costs 500 AUD per week to rent one bin for this particular company then instead you would need to pay 450 AUD each week for four weeks when taking up one of these discounts. 

• Lastly, there is our 20% off introductory rate which lasts 12 months from first hire date. This makes renting just about anything as low as 320 AUD per month regardless of how many units are rented or length of contract signed.

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8 Reasons Why Your Business Should Invest in Influencer Marketing

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Influencer Marketing

For a business, investment means investing in the right industry, investing in the right way of advertising, and investing the right amount of time to build their brand. Another investment a business should definitely make is influencer marketing. Influencer marketing is an established way to market online. 

Over the last few years, influencer marketing has grown to greater heights with more and more influencers, influencer marketing strategies, and businesses choosing influencer marketing rising. 

For a business in this day and age, no other form of marketing or advertising would benefit them more than influencer marketing. Influencer marketing works through influencers or rather opinion leaders with good impact among a group of people promoting and suggesting a business to others. 

These influencers are nano, micro, macro and mega collaborate with different brands and businesses to promote and market them on their own social media feeds. Confluencr, one of the largest influencer marketing agencies quotes that 22% of marketers say influencer marketing is cost effective.

There are multiple reasons why your business should go for influencer marketing these are:

Influencer Marketing is Very Impactful

Influencers have already built pages where the followers trust and agree with everything the influencer has to say and promote. Promoting a business through an influencer immediately means their followers might end up being consumers for your business. Hence increasing your consumer base and increasing your sales.

Low Investment

Influencer marketing is a very low investment as compared to other ways to market or advertise a business. The initial capital costs are mainly to either pay the influencer a sum of money for their posts or to give them their products so they can create content on it and share it with their followers. 
These costs depend on the type of influencer a company hires and their scale and followers. Either way, the costs are not too high and for even the smallest business, these are very affordable.

Creates Brand Persona

Influencer marketing creates a brand’s persona online and helps put a business’ mission, vision, and objectives out in public for the consumers. Who with this information decides whether to engage with a business or not and more often than not they end up being consumers of the business.

Social Media Celebration

Influencers through influencer marketing draw in lots of followers, likes, comments, shares, posts, reposts, engagements, and interactions for the business quite quickly and organically.

They help build a business online and increase their social media presence as well as create trustful relations between consumers and the business. Influencer marketing also puts a business out in the open with easy to connect ways so consumers can always be in touch and hence making a business more credible and worth a consumer’s time.

Target New Consumers

Influencer marketing sure does bring in newer and newer consumers but it also helps retain the older ones. Many times consumers move on from businesses due to various reasons but through influencer marketing older customers can be brought back with an all-new approach. Not only that, influencer marketing helps businesses hold customers and create a loyal consumer base for a business.

With good influencer marketing and an even better content strategy, consumers will undoubtedly come back, stay as a loyal consumer, and become new consumers of a business.

Pocket Friendly

Marketing through influencers is of course pocket friendly but it is also pocket filling. Influencer marketing is a billion-dollar industry easily close to being a trillion-dollar industry and hence it is undoubtedly very profitable to businesses. Influencers bring in loads of consumers and buyers for a business and that usually results in amazing sales and profits for the business. Businesses expand monetarily and at a low initial investment cost.

Trending Content

Influencer marketing lets a business present itself in multiple rather unique and creative ways hence building themselves through creative work while also maintaining their stance as a business that wants more customers. It is a great way for businesses to fit in today’s world with up to date and trendy content. Moreover, with the brains of seasoned influencers, businesses can benefit a lot from the content they put out to promote their brand.

Diversified Social Media Audience

Influencer marketing puts you in front of a diversified social media audience that is likely to be your consumers who often get influenced through influencer marketing to actually turn into not only a consumer but a loyal consumer of your business. 

Influencers are in touch with all types of people who can easily be your potential consumer very soon. This way you can also always be in touch with your consumers, learn about their needs and whether you can fulfill them, understand their reviews on your products, and different ways to change your ways to satisfy your consumers even more.

Final Words

Influencer marketing is hands down the best investment for any business, big or small from any industry. If you are a business still looking for ways to promote, now you know which one to go for. 

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