FAAA preps young jobseekers for working life | Australian Markets

The Monetary Recommendation Affiliation Australia (FAAA) has launched a new information to help put together younger Australians for his or her entry into the workforce, offering a rundown on the required abilities and information to reach one’s early skilled profession.

The Information, launched beneath the FAAA’s financial wellbeing model Cash & Life, affords preparatory steps and suggestions to help potential workers with in search of out and efficiently performing of their first job.

Younger jobseekers are provided sensible advice on discovering and securing a job, together with the preparation of job-relevant resumes, work references, and suggestions for navigating the interview course of.

“[It] highlights the importance of creating a strong resume, even when a young person does not have formal work experience, by including personal qualities, volunteer work, responsibilities, interests, skills, and other achievements,” mentioned FAAA’s normal supervisor schooling, Anne Palmer.

On-the-job advice can be offered, together with tricks to higher handle one’s time within the office, in addition to walkthroughs on funds processes, income tax, studying payslips and setting up a tax file quantity (TFN).

The information additionally addresses common questions associated to employment statuses, together with the excellence between informal and part-time work, defining a “short-term” job, in addition to tips about how to resign from a job.

It clarifies whether or not staff nonetheless receives a commission if they’re sick or on vacation and what to do in the event that they witness poor office behaviour.

“Getting your first job can be both exciting and a little nerve-wracking,” Palmer mentioned, including that the information is “designed to help young Australians start off on the right foot, by providing useful information to help them navigate the world of work and effectively manage their finances.”

Sensible, work-related financial advice can be offered to younger workers, together with tips about setting up a superannuation fund and suggestions for allocating salaries.

“Importantly, it gives young people advice on how to maximise their earnings, set up a savings account and how to save effectively to allow them to build up their wealth over time,” Palmer mentioned.

“We recommend young people entering the workforce open up a savings account that they don’t take money out of and put 20 per cent of whatever money they make straight into that account on pay day – it will build up over time and they won’t even realise it.”

The information additionally gives a 10-part guidelines to organize workers for his or her first day on the job, and concludes with a short transient selling alternatives for a profession within the financial advice space.

The information was launched along with International Cash Week 2025, an annual international awareness-raising marketing campaign to assist younger people in making sound financial choices and attaining long-term financial wellbeing and resilience.