Hi {{first_name || BSOC Community}}! 👋🏻

The job market is cooling and the data this fortnight explains why you're probably feeling it. Staff turnover across Australia's biggest companies just hit a five-year low and unemployment is drifting up, which means fewer people are leaving their jobs and fewer roles are opening up behind them.

We've also got Mikayla from the BSOC Education team, a resume workshop with Suncorp and CPA coming up on the 15th, a case competition with Chartered Accountants ANZ if you want to test yourself, and the economic breakdown on what a cautious job market actually means for someone about to enter it.

For questions and feedback, contact us at [email protected].

BSOC and The Aussie Corporate Team

Nobody's quitting and that's your problem

The job market you're about to graduate into works differently to the one from two years ago. Staff turnover at major Australian companies just dropped to its lowest point in five years. That matters for you because most entry-level roles don't get created out of thin air. They open up when someone above you leaves, gets promoted or moves sideways, and right now almost nobody is doing any of those things. Fewer exits means fewer vacancies means the twenty people applying for that one analyst role just became forty.

This doesn’t mean you should panic but it does mean that the baseline effort most students put into applications isn't going to cut it anymore. The resume workshop with Suncorp and CPA on the 15th is there for exactly this reason. Go to it. Get someone who reviews applications professionally to look at yours and tell you what's actually missing rather than guessing. When there are fewer seats, the person who prepared properly doesn't just have a better chance. They're often the only one who had a chance at all.

The BSOC Bulletin lands every fortnight. The news doesn't. Every weekday morning at 8:00am, we send you everything that happened across Australian business and corporate news in a 2-minute read. Same team. Same voice. Just daily.

Hi everyone, I'm Mikayla, a second year student at UNSW studying a Bachelor of Commerce and Science. I'm currently one of the education directors in BSOC this year!

A Little About Me!

This July, the UNSW Business Society’s Philanthropy Portfolio, in collaboration with I4C, is proud to support Ronald McDonald House Charities through Canvas Confessions: Paint & Sip 🎨🍹❤️

About the Charity:
Ronald McDonald House Charities is a not-for-profit organisation dedicated to supporting seriously ill or injured children and their families during some of the most difficult periods of their lives.

By helping families remain close to their children while they receive medical treatment, Ronald McDonald House Charities provides essential practical and emotional support when it is needed most. Their work helps reduce the pressure experienced by families, allowing parents and carers to focus on what matters most: supporting their child.

For families facing serious childhood illness or injury, having a safe and supportive environment can make an enormous difference. Every contribution helps Ronald McDonald House Charities continue supporting children and their loved ones throughout challenging and uncertain times.

How you can help:

Staff turnover across the ASX100 fell to a 5-year low of 12.3% in FY25, down from 12.7%. There's less to leave for, so people leave less. Nothing surprising in that.

The labour figures line up also. Employment rose 40,000 in May, but the 3-month average has slowed to about 6,000. UBS expects unemployment to drift toward 4.9% over the coming year.

Pay hasn't followed the market downwards though. The Fair Work Commission lifted award wages 4.75% from 1 July, ahead of headline inflation at 4.2% and the 3.3% pace of overall wage growth, covering around 2.8 million workers. Private-sector wages are running at 5.5% year-on-year.

The pressure is showing up in household budgets rather than pay packets. Macquarie's consumer team has household income growing 2.3% this year but spending just 1.5%, well short of the 3.5% pre-Covid norm, once higher mortgage repayments and tax come out. Savings rates are climbing as households stay cautious.

For companies, the low churn in staff is becoming a tailwind. Macquarie estimates that holding onto staff is worth 4-7% of the wage bill in avoided hiring and retraining. That is also why the job market can look like it points both ways at once. Fewer people are being hired, which normally suggests a soft economy. But fewer are leaving, too, so employers don't have to lift pay to keep the staff they already have.

Not sure how to make your resume stand out? 😥

Just downloaded a template online? 🥱

This year UNSW Business Society is launching the 'Craft Your Career - Resume Workshop' with Suncorp, CPA & E-LEAD! 📑 😱

Get involved with a hands-on workshop all about getting your application ready for real recruiters and sponsors! This event sits right between our previous 'Elevate Your Brand: LinkedIn & CA Workshop' and our upcoming 'Speed Interviewing Event', allowing you to build your career toolkit step by step! ✍️

✨ EVENT DETAILS ✨
📅 Date: 15th July
📍 Location: Science and Engineering Building (B26)
⏰ Time: 3PM - 5PM

Take a break from uni and spend the night painting, sipping, chatting and turning your thoughts, funny stories, uni stress and questionable life choices into art and all while supporting Ronald McDonald House Charities.

This is a relaxed Paint & Sip night with canvases, brushes, drinks, good vibes and plenty of creativity. Whether you’re actually artistic or can barely draw a stick figure, everyone is welcome. Come with your friends, grab a drink, and let the canvas do the talking. 🖌️

✨ EVENT DETAILS ✨
📅 Date: Friday 24th July
📍 Location: Mathews 311
🕕 Time: 6:00PM – 8:00PM
💵 Price: $15

Ever wondered what it actually takes to think like a strategist? 🤔

UNSW Business Society is excited to announce our partnership with Chartered Accountants Australia and New Zealand!

Together, we're bringing you the CA ANZ x UNSW BSOC Case Competition, your chance to step out of the lecture hall and into the boardroom.

Working in teams, you'll tackle real-world financial and business challenges that go into financial analysis, stakeholder advisory, and strategic decision-making under pressure. You'll sharpen both the technical and communication skills that actually matter in accounting and finance careers, and walk away with the confidence to back your thinking in a room full of people.

✨ EVENT DETAILS ✨
📅 Registration Closes: Monday 13th July (11:59 PM)
💼 Case Release: Tuesday 14th July (9:00 AM)
📍 Submission Deadline: Tuesday 21st July (9:00 AM)
🧑‍💻 Heats (Online): Thursday 23rd July (6:00 PM)
🥇 Finals: CA Sydney Office (5:00 PM)

MAMMA MIAAA!! 🏎️❄️ It’s that time of the year again. Who’s ready to race down the WINTER SLOPES ⛷️🏂 with UNSW Business Society and join us as we venture through the Mushroom Kingdom 🍄🏁 in a MARIO KART inspired ski adventure? 🎮❄️

✨ EVENT DETAILS ✨
📅 Date: 28th August - 31st August
📍 Location: Perisher
💵 Price: Arc: $840 / Non-Arc: $860
🧍 Who: Open to both Arc and Non-Arc students

For questions and feedback, contact us at [email protected]