Bhp Group Ltd · ASX:BHP
Bhp — Corporate Update (November 2023)
12 slides from Bhp's corporate update, November 2023
Slide 1: Same Job, Same Pay
Same Job, Same Pay BHP supports focused policies to protect vulnerable labour hire workers, but this is not the answer Investor engagement November 2023
Slide 2: Disclaimer
Disclaimer Forward-looking statements This presentation may contain forward-looking statements, which may include (without limitation) statements regarding: plans, strategies and objectives of management; the potential effect of possible future events on the value of the BHP portfolio or BHP’s finan
Slide 3: Australia's workplace relations system
Australia’s workplace relations system Challenges for costs and productivity Labour productivity in mining declined by 8 per cent between 2000-01 and 2020-21, average weekly earnings for full-time workers grew by 99 per cent1 Australia has a complex and Mining is highly cyclical and to be highly reg
Slide 4: What is Same Job, Same Pay?
What is Same Job, Same Pay? It is not a simple resolution of loop-holes, it is the most significant and far-reaching change to Australian workplace relations since WorkChoices • On 4 September 2023, the Australian Federal Government introduced the The Australian mining industry Fair Work Legislation
Slide 5: Impacts to every level of the Australian economy
Impacts to every level of the Australian economy Adverse economic implications which will produce inflationary wage pressure and put jobs at risk SJSP will compound existing productivity challenges across all sectors of the economy such as agriculture, energy, manufacturing, transport, hospitality,
Slide 6: BHP Operations Services
BHP Operations Services Creates permanent employment and addresses insecure work with labour hire companies • Helps to reduce casualisation and reliance on labour hire by SJSP directly targets a business unit that has created permanent jobs: creating permanent roles at BHP • Market competitive wages
Slide 7: BHP position on Same Job, Same Pay
BHP position on Same Job, Same Pay Same Job, Same Pay will create a further drag on productivity and will harm Australia’s global competitiveness We support the principle of focussed legislative reform to protect vulnerable workers including those who are low paid or are otherwise disadvantaged. We
Slide 8: Same Job, Same Pay: Next Steps
Same Job, Same Pay: Next Steps Senate Inquiry into the Bill is expected to provide its report to Parliament in early February 2024, after which Parliament will debate the Bill in detail We have made our submission on the We provided evidence Fair Work Legislation to the Senate Amendment (Closing Com
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Slide 10: Appendix: Australia's workplace relations system
Appendix: Australia’s workplace relations system In order to employ someone in Australia, a business has to navigate multiple layers of compliance and regulation in determining that employee's terms and conditions of employment, namely: 1. The National Employment Standards 2. The relevant Modern awa
Slide 11: Appendix: How would SJSP work?
Appendix: How would SJSP work? • When an employer supplies, either directly or indirectly, one or more employees to another business, the ‘host’, then employees and unions would be able to apply to the Fair Work Commission for a ‘regulated labour hire arrangement’ order. • If an order is made, emplo
Slide 12: Appendix: Economy wide impact
Appendix: Economy wide impact SJSP will drive up labour costs across the economy. It will do this in a way that is unsustainable because there is no linkage to improving productivity. SJSP undermines enterprise bargaining SJSP undermines labour market by over-riding wage rates agreed with flexibilit