|
Lost income over the period ( sole traders and small business )
=
No . of business closures for sole traders and small businesses ( no redundancy assumed for these PCBUs )
x
|
Assessing the period of unemployment is difficult . Given tight labour market conditions for the construction sector and shortages of workers with these skills , the analysis has assumed :
a .
b .
The majority of workers who choose to remain in the sector , would find alternative employment relatively quickly .
A redundancy package of 8 weeks would offset the loss of income incurred while looking for another job for medium businesses .
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# 14 |
Lost income over period of unemployment
( net of JobSeeker payments )
|
Average no . of workers by business , by size
x
[ Average weekly earnings
-
|
c . |
Sole traders and owners and workers in small businesses receive 8 weeks of Jobseeker before finding alternative employment . This assumption reflects the potential that these PCBUs will not be able to or are not required to provide a redundancy payment . |
|
Jobseeker payment per week ]
x
|
Number of engineered stone sole traders and small businesses that cease operating ( by option ): See Ref # 1 |
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Number of weeks without work |
Average number of workers by engineered stone PCBUS , by size : see Table 19 |
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Average weekly earnings : $ 1786.00 ( see Table 28 ) |