Competition reveals shocking truth about Australian bosses
HR tech company Compono is searching for Australia's most 'outrageous, hilarious or just plain unbelievable' bad boss story.
Submissions for Australia's worst boss start on August 15 and will run through until September 15.
Compono will shortlist the 10 most 'jaw-dropping' entries for Australians to vote on the nation's worst boss story.
Australians could win $5000 on their bad boss stories. Picture: iStock
The winner will be announced on October 13, with the person who unfortunately has the worst boss story getting a $5000 holiday voucher along with three-one-on-one sessions with a workplace psychologist.
Compono chief executive Ruby Crous said we've all experienced a bad boss during our working lives.
'They're often promoted without the training, support, or self-awareness needed to lead well,' he said.
'This campaign puts a spotlight on the behaviours employees quietly put up with every day while showing what great leadership could look like instead.'
Mr Crous says the competition is not about naming and shaming but helping leaders learn.
'If we can openly talk about these stories and learn from them, we're already one step closer to creating workplaces that don't drive us crazy. Better bosses aren't a myth, they're just leaders who've had the right support,' he said.
Compono will donate $1 for every vote to R U OK?. Picture Supplied
For every vote, Compono will donate $1 to mental health charity R U OK?.
'We know that poor leadership can have a serious impact on mental health. That's why we're proud to support R U OK? through this campaign. It's one more way we're helping to bring wellbeing into the leadership conversation,' Mr Crous said.
Research released by Gallup earlier in the year showed just 23 per cent of Aussies were engaged with their job, costing the country $223bn.
Gallup managing director Claire DeCarteret said employers who meet the needs of employees would in turn get a boost to their own business.
'We don't know if it's that they don't like their job, but they're not emotionally connected to the work that they're doing every day, and mainly it's because they're going through the motions,' Ms DeCarteret previously told NewsWire.
'They may not be supported by a great manager, and a lot of the time, it's that their needs are not being met in the workplace.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News.com.au
33 minutes ago
- News.com.au
Revealed: The suburbs where Aussie house prices are way off the mark
Australia's most undervalued and overvalued suburbs have been revealed, exposing areas where prices have either overshot the mark or remain lower than they should be and are due 'catch up' growth. Research from SuburbData showed most the overvalued and undervalued suburbs had varying history, but they were characterised by recent changes in supply and demand. This was coupled with major price differences between neighbouring areas with comparable housing. SuburbData analyst Jeremy Sheppard said overvalued suburbs offered a higher risk of new homeowners having to wait years to get growth on their investments, while those buying undervalued markets may get imminent equity growth. 'It may take a while till you get any growth on your investment in an overvalued suburb,' he said. 'Usually prices will level out over a few years but buying at the peak of a fast moving market could even mean, in extreme cases, that prices soon fall.' Mr Sheppard said knowing which markets were undervalued or overvalued was important in the current climate given how significant prices had become. Undervalued and overvalued suburbs differed across our major capitals: Melbourne as a whole was declared 'tremendously undervalued' and was due for stronger citywide price growth. Some of the most undervalued pockets of Melbourne included suburbs where prices had been kept down over many years by a slew of investment property sales from landlords exiting the market. Sales turnover has since slowed and the balance of demand and supply has changed – with areas like St Kilda West now among the most undervalued and beginning to pick up again. Whitefox chief executive and The Block judge Marty Fox said the relative affordability, especially the six-figure gap between St Kilda East and neighbouring areas, wouldn't last long. Other undervalued suburbs were Doreen, in the outer north, and Noble Park in the Dandenong area, along with a mix of suburbs in the Hume region and northwest Melbourne. Mr Fox said Melbourne as a whole was bouncing back. 'The gap between what buyers think property is worth and what it should be worth is the widest I've seen in years SYDNEY Prices in Sydney's most 'overvalued' suburbs were up to $250,000 higher than nearby, similar areas – often after years of rampant growth that outpaced the rest of the surrounding market. Such price gaps were unsustainable, according to the SuburbData research, with buyer demand now showing signs of dropping while the supply of available properties was soaring. Areas ranked among the 20 most overvalued Sydney markets were a mix of suburbs spread across the greater city area. They included developing suburbs around the coming Western Sydney airport, along with pandemic-era boom markets like the upper northern beaches and outer suburbs dominated by acreages and semirural properties. The Adelaide suburbs to target for future growth, and where to avoid to reduce the risk of overpaying, were a sharp contrast. The most undervalued, the report highlighted was Thebarton, with a median house value of $837,000 – about $132,000 below its neighbouring suburbs. Oakbank, Broadview, Clovelly Park, Camden Park, Cumberland Park, Brompton, Tonsley, Hove and Lightsview rounded out the top 10 most undervalued. LJ Hooker Mile End/Woodville agent Thanasi Mantopoulos said he felt Thebarton still had plenty of room for growth. 'We've seen houses in neighbouring Mile End and Torrensville now consistently break the $2m mark … the current record in Thebarton is $1.64m for a three bedder.' Vista, in the Tea Tree Gully council area, on the other hand, was identified as SA's most overvalued suburb, ahead of Woodville, Taperoo, Leabrook and Wayville and others. BRISBANE The research showed buyers could save over $400,000 by moving their home searches just a few suburbs away, in some cases. One of the suburbs offering the lowest prices relative to neighbouring areas was Fortitude Valley. Other undervalued suburbs were Alderley, Clayfield, South Brisbane and Hamilton. Areas were deemed undervalued if prices were lower than in neighbouring areas – without a reason explainable by geographic differences, such as a lower lying location or a lack of coastal access. Many of Brisbane's most overvalued suburbs were premium lifestyle suburbs that neighboured locations still undergoing gentrification.
News.com.au
33 minutes ago
- News.com.au
Undervalued Melbourne suburbs set for major property boom
Melbourne is 'tremendously undervalued' and overdue for a boom, with new research showing which suburbs could be set for some of the biggest jumps. Experts are tipping this year's third Reserve Bank rate cut could finally be the one to turn the city's housing fortunes around, and areas like St Kilda East, Noble Park and Doreen are poised to get the best boost. The analysis from SuburbData tracked demand-to-supply ratios, price gaps with neighbouring suburbs, as well as the difference between house and unit prices to pinpoint postcodes primed for the next growth spurt. St Kilda East leads the pack, with typical house values a staggering $348,000 cheaper than nearby bayside postcodes. Noble Park and Doreen are also trading at steep discounts compared to their neighbours, despite strong transport, shopping and schooling options. SuburbData director Jeremy Sheppard said knowing where value lay in Melbourne's market was critical. 'Melbourne is tremendously undervalued … homes have become such an enormous investment … families need to be cannier about where they buy,' Mr Sheppard said. He added that undervalued suburbs were often those priced below neighbouring areas without clear geographic disadvantages, where growth had been lacklustre while nearby markets surged, and where buyer demand was now starting to outweigh supply. 'When buyers find better value for money in a market, that's when you get a feeding frenzy,' Mr Sheppard said. 'It may take a while till you get any growth on your investment in an overvalued suburb … buying at the peak of a fast moving market could even mean, in extreme cases, that prices soon fall.' Prominent Bayside real estate director Gary Peer said the median price in St Kilda East was 'heavily influenced by apartment sales'. 'St Kilda East is absolutely prolific when it comes to apartments, historically it's been a hotspot for investors,' Mr Peer said. 'But over the past few years, many investors have exited the market for a variety of reasons. 'The rapid rise in interest rates was a big one — though we're now starting to get some relief. Land tax has also bitten hard.' The Gary Peer Real Estate boss said the result of that investor exodus has been a shift in the buyer pool, and coupled with high numbers of sales it had led to softer price growth in the suburb. 'Compared to five years ago, prices in St Kilda East haven't climbed the way we might have expected,' Mr Peer said 'In some cases they've stayed flat or even gone backwards — and that's rare in Melbourne.' He noted that the suburb was still a 'premier address' and 'as affordable as St Kilda East is likely to be for years'. Whitefox chief executive and The Block judge Marty Fox said the relative affordability, especially the six-figure gap between St Kilda East and neighbouring areas, wouldn't last long. 'Historically, these kinds of disparities don't survive long once buyers start connecting the dots on lifestyle, transport, and amenity,' Mr Fox said. 'Once demand tips, you can see 10-15 per cent lifts inside a year, especially if there's a catalyst like infrastructure upgrades, a rate cut, or just the media finally catching on.' Melbourne's fundamentals are also likely to help drive prices up in undervalued areas. 'You've got population growth back at pace, rental supply at record lows, and construction costs pushing replacement values higher,' Mr Fox said. 'The gap between what buyers think property is worth and what it should be worth is the widest I've seen in years, and that's an opportunity for those who aren't scared to act before the crowd catches on.' Tuesday's interest rate cut, while important, was not the only factor in a boost to home values. 'Cheaper money acts like lighter fluid on buyer intent, but the spark will be confidence,' Mr Fox said. Areas where home values are significantly cheaper than neighbouring suburbs St Kilda East $1.2m – $348,000 cheaper Box Hill North $1.4m – $135,000 cheaper Doreen $788,000 – $49,000 cheaper Noble Park $794,000 – $42,000 cheaper Kings Park $682,000 – $39,000 cheaper St Albans $721,000 – $34,000 cheaper Deer Park $653,000 – $35,000 cheaper Officer $756,000 – $32,000 cheaper Westmeadows $765,000 – $6000 cheaper Mickleham $714,000 – $2000 cheaper
News.com.au
33 minutes ago
- News.com.au
Revealed: Sydney's most overvalued and undervalued suburbs
Explosive property market inflation has created pockets of Sydney where house prices have become 'overvalued' and at risk of soon falling as buyers seek out cheaper, comparable homes elsewhere. This has coincided with the emergence of contrasting city areas where the opposite conditions have emerged: prices are undervalued relative to neighbours, demand is picking up and 'catch up growth' is imminent, new data shows. The SuburbData analysis exposed varying levels of suburb price imbalances when comparing neighbouring areas offering similar houses, amenities and infrastructure. Undervalued suburbs were deemed good areas to buy in because prices could soon grow, while overvalued areas posed risks for new buyers, who were in danger of overcapitalising on their purchases. The research showed prices in the most 'overvalued' suburbs were up to $250,000 higher than nearby, similar areas – often after years of rampant growth that outpaced the rest of the surrounding market. Such price gaps were unsustainable, according to the SuburbData research, with buyer demand now showing signs of dropping while the supply of available properties was rising. These factors pointed to a coming market adjustment that would result in prices stagnating for many years, or even falling, raising risks for new buyers, the study revealed. SuburbData analyst Jeremy Sheppard said a suburb being undervalued or overvalued was down to market cycle timing and the balance of supply and demand, among other things. 'Buyers are continually searching for value for money,' he said. 'One of the big mistakes people make is assuming growth will occur at a consistent rate over many years. 'It doesn't work like that. Real estate moves in cycles. Buyers spot an opportunity to get better value for money in an (undervalued) market and that drives a feeding frenzy. Prices then go up sharply. 'Rises will continue until buyers reach the stage where they no longer see value … It's at that peak when the market is generally overvalued.' Areas ranked among the 20 most overvalued Sydney markets were a mix of suburbs spread across the greater city area. They included developing suburbs around the coming Western Sydney airport, such as Rossmore and Bringelly, which have attracted ample speculative investment over recent years. Overvalued suburbs also included outer suburbs dominated by acreages and semirural properties, such as Mulgoa and Orchard Hills, south of Penrith and Ellis Lane, in the Camden area. Prices in these fringe areas were elevated during the pandemic due to increased buyer demand for spacey properties, but these areas have historically appealed to more niche buyers, with recent indicators of demand beginning to fall. There were also parts of the Pittwater region in Sydney's upper northern beaches deemed overvalued, including Great Mackerel Beach, Whale Beach and Clareville. These too were hot markets during the pandemic and the years that followed, attracting a string of 'lifestyle' buyers wanting more space and quieter coastal settings – only demand has now dropped and property supply is rising, suggesting prices may have peaked. Undervalued suburbs, where growth has been stunted over a few years and conditions have since picked up, included a string of relatively affordable areas around Strathfield and Greater Parramatta. The suburbs were Homebush West, Dundas Valley, Wentworthville, Liberty Grove and Granville, among others. Parts of the south were also considered undervalued, such as Sutherland Shire suburb Jannali and, in the southern Canterbury-Bankstown area, Revesby and Revesby Heights. Buyer's agent Andrew Hancock of My Property Pro has sourced deals for numerous families wanting to purchase in these southern areas and said most were coming from more expensive regions like the inner west. 'There is a perception that there is better value on offer and these buyers often have higher paying jobs and bigger budgets and that's pushing up the prices,' he said. 'An area like Revesby has homes that are a lot cheaper than suburbs further to the south like Kirrawee, but they offer something a bit similar. It is undervalued and these types of areas do catch up.' Other undervalued suburbs were in the inner west, including Campsie, Newtown, Alexandria and Petersham. Adrian Tsavalas, the director of inner west agency Adrian William, said Newtown was particularly good value at the moment. 'It's always been a popular area and it has had various growth spikes in the past but when you compare it to other inner city suburbs like Glebe and Annandale, its excellent value,' he said. 'Units are a really good entry point into the area because they've remained really good value for the past five years.'
