![]() Solid Waste Industry Struggling to Retain Drivers A shortage of workers in this line of work is not easy to solve and has resulted in some challenging consequences to businesses, cities, and residential customers. One sector that is struggling to maintain its level of productivity is the waste management and hauling industry. It is particularly noticeable in the service industries. This mass exodus from the workforce has touched most industries. With remote work more available, and a test period of not working at all, fewer people are willing to step into the daily grind of day-to-day in-person work again. Theories revolve around dissatisfaction with stagnant pay, an increase in government benefits, and an awareness of the challenges of stressful work that built during the COVID-19 shutdowns. This comes after several months of increasing resignations, setting records in labor markets.Įconomists are not completely sure why this massive increase in resignations is occurring. Bureau of Labor Statistics reported that 4.3 million American workers quit their jobs in August. TWU Nominees Pty Ltd, ABN 67 002 835 412, Australian Financial Services Licence 239163 ('TWUSUPER') as trustee of the TWU Superannuation Fund (ABN 77 343 563 307).Some people are calling it the “Great Resignation.” In October, the U.S. Consider your personal financial situation, needs and objectives, which are not taken into account in this information, and the TWUSUPER Product Disclosure Statement (PDS) available at before making an investment decision. Modelling performed on 5 October 2022 using data as at 30 June 2022. See Assumptions for more details about modelling calculations and assumptions. Where a fund does not have a Balanced option, the option closest to SuperRatings benchmark range of 60% to 76% growth investments is used. This is generally the fund’s default option. ![]() A ‘main Balanced option’ being the fund’s largest Balanced option where 60% to 76% of the fund’s assets are invested in growth investments. Comparisons modelled by SuperRatings, commissioned by TWUSUPER and shows average differences in net benefit of TWUSUPER's balanced investment option and the 'main Balanced option' of retail funds tracked by SuperRatings, with a 5 (69 options), 10 (32 options) and 20 (12 options) year performance history, taking into account historical earnings and fees – excluding contribution, entry, exit and additional advisor fees – of 'main Balanced options'. TWUSUPER has on average outperformed the average retail fund over the past 20 years. * DISCLAIMER: Past performance is not a reliable indicator of future performance and should never be the sole factor considered when selecting a fund. Supporting the transport industry (overview).Retirement seminars & webinars (overview).How investments work in super (overview).Investment beliefs and governance (overview).Insurance cover and cost calculator (overview). ![]() Insurance strategy and claims philosophy.Support for members approaching retirement (overview).Setting up and managing your retirement (overview).Changing jobs and your super (overview).Key mistakes to avoid for owner drivers.Contributions and tax benefits (overview).Understand super in 5 minutes (overview). ![]()
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