🦘 10 Highest Paying Jobs in Australia, Save On Your Woolworths Shop, Kmart’s Budget Brand Anko Spearheads Growth

G’day everyone!

Here’s what we’ve got in store for you today:

• 10 Highest Paying Jobs in Australia

• Save On Your Woolworths Shop

• Kmart’s Budget Brand Anko Spearheads Growth

Let’s have a look at the market snapshot before jumping into the news:

The Big Bucks: Top 10 Highest Paying Jobs in Oz Right Now

Want to pocket over $200,000 a year?

New data from SEEK unveils the top-paying gigs across Australia, and let’s just say, the numbers are eye-popping.

• Topping the charts are Psychiatrists with an average annual pay of $236,055.

• Construction Project Directors and General Practitioners also rake it in, boasting average salaries of $232,682 and $232,450, respectively.

• Engineering Managers and IT Functional Consultants offer solid six-figure sums too, sitting comfortably at around $155,266 to $181,783. Thus, if you’ve got engineering chops or financial prowess, you're in luck.

Want to know the roles seeing the biggest pay raises?

• Quality Managers lead with a stunning 14.6% increase, now earning around $140,664 a year.

• Registrars, Banking Managers, and Acquisition Managers also see double-digit growth, showing just how lucrative climbing the corporate ladder can be.

Despite these fat paychecks, financial expert Sarah Megginson reminds us that even $100,000 isn’t stretching as far these days, thanks to rising costs of living.

Meanwhile, miners top the industry average earnings chart with a striking $156,780 yearly paycheck.

Information media, tech, and finance jobs are also paying hefty sums.

So, whether you’re a seasoned doc or an aspiring engineer, there’s cash to be made if you’re in the right field.

Keep hustling, and you might just find yourself on next year’s list!

Woolworths Unveils New Watchlist Tool for Savvy Savings

Woolworths is tackling the cost-of-living crisis head-on with the launch of a nifty new feature called Watchlist, aimed squarely at budget-conscious shoppers.

This tool, available on the Woolworths app, allows users to “heart” their favorite grocery items and get instant notifications when these items go on special.

Designed to relieve the strain rising grocery prices are putting on Aussie wallets, Watchlist ensures no one misses out on a great deal.

According to Woolworths Group's Faye Ilhan, the tool is built to help customers “find more value and get the most out of their weekly shop.”

Watchlist simplifies the hunt for bargains by sending a single push notification every Wednesday, alerting users about specials and offers on items they’ve added to their list.

This means no more tedious flipping through catalogues or browsing specials online; now you get notified directly when prices drop on your must-haves.

Despite Woolworths reporting a dip in profits for 2024, they're doubling down on customer value with this new feature.

Confused by supermarket prices? Watchlist is here to clear the fog and save you some dollars.

To use Watchlist, simply tap the “heart” button next to your chosen items in the app. You’ll get timely updates whenever they go on special.

Happy shopping, and may your grocery bills be forever low!

Kmart's Anko Amps Up Wesfarmers Profits!

Aussie shoppers’ love affair with Kmart's budget-friendly brand, Anko, is paying off big time for parent company Wesfarmers, amidst tough times for retailers.

As cost-of-living concerns rise, consumers flock to Anko’s wallet-friendly products, boosting Kmart's revenue by 4.4% to $11.1 billion and skyrocketing earnings by a whopping 24.6% to $958 million!

Wesfarmers’ head honcho, Rob Scott, proudly points to years of revamping product sourcing, design, and digital processes as the secret sauce behind this success.

While Kmart's sales soar, their sibling store Target didn’t fare as well, with a 4.5% sales dip. Meanwhile, rival Big W struggled too, seeing both its sales and earnings tumble.

But Bunnings and Officeworks managed to shine, with modest revenue growths.

Bunnings, a key player in Wesfarmers' portfolio, faced challenges from high building costs impacting the construction sector.

Despite overall inflation pressures and new industrial relation reforms upping operational costs, Wesfarmers remains optimistic about future growth across its brands.

The conglomerate saw a slight revenue increase to $44.2 billion and a notable 3.7% rise in net profits.

In other news, the online marketplace Catch remains a work in progress, posting notable revenue dips.

Wesfarmers rounds off the year with a full-year dividend of 198 cent per share, maintaining investors' interest even as shares dipped slightly.

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You Made It!

If you’ve read all the way up to here, we just wanted to let you know that you’re an absolute legend!

Time to go to work and show off how clued up you are about what’s going on in the business world 💪

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