From budgets to burnout and a diversity dilemma

Written by Alexandra Robins

Federal budget relief and state reforms 

Last night, Treasurer Jim Chalmers presented the federal government’s third budget. Several measures were introduced in an effort to address the current cost of living crisis. Notable changes include a $300 energy bill rebate for every household, Commonwealth rent assistance payments increasing by 10 per cent, and reforms to the stage 3 tax cuts.  

The budget also focused heavily on women’s safety and security, with $925.2 million to be spent over five years for the permanent Leaving Violence Program. Another $1 billion will also be directed towards social housing for women and children fleeing domestic violence. 

At a state level, the NSW Government recently announced a $230 million emergency package to combat domestic violence. The reforms follow a sharp rise in the number of women killed so far this year in violent attacks, which sparked rallies across Australia calling for an end to gender-based violence.  

Australia’s burnout epidemic  

Research from leadership organisation, Women Rising, shows 74 per cent of women in the Australian workforce will consider quitting their job in the next 18 months, due to burnout. Additionally, women across all industries are underrepresented in key decision-making roles, comprising only 35 per cent of top management positions in Australia. 

Avoiding burnout by ‘managing up’ is crucial to job satisfaction. As women are more likely to be primary carers for children or ageing parents (or both), setting boundaries at work is an important step on the way to alleviating the mental and physical load of making sure everything is taken care of. 

Women Rising is an IMPACT client. 

Nike’s diversity dilemma  

Former Paralympian Stef Reid has questioned Nike’s commitment to diversity following its refusal to sell single shoes to the amputee runner, despite the use of amputee mannequins and athletes in promotions.  

Sharing her experience in a TikTok video that has now gained millions of views, Reid has highlighted a bigger issue of companies promoting diversity and inclusion but failing to deliver meaningful action. 

Media moves and shake-ups 

The board of the Audited Media Association of Australia (AMAA) has confirmed the discontinuation of its print media audit services. Both the Audit Bureau of Circulations (ABC) and Circulation Audits Bureau (CAB) will discontinue operations from April 2024. 

Cosmopolitan magazine is set to make its return to the Australian market, with the first issue scheduled for launch in August. The publication plans to release six issues annually.  

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