Bonds, Telstra, Woolworths and NAB.
I have no idea what you just said. Do you mean that Hr still has a role in a centralised system but just not in regards to wages and working conditions?
To some extent yes. However, the most pertinent thing to realise - in my opinion - is that the centralised approach was a highly favourable system as when the government controls wages it allows for a better control of the economy. However, due to rapidly changing socio-economic society, as a consequence of globalisation, the centralised system has become outdated and not as efficient as the decentralised system. Australia makes substantial money from export revenue which requires individual contracting, etc. Yet again, a centralised approach does allow for comparative wage equity across an industry.