Making banking bosses wait for their bonuses, the backlash against resumes, and more top news

The news Australian professionals are talking about now, curated by LinkedIn’s editors. Join the conversation in the comments below.

Proposed new rules from banking regulator APRA could see top financial executives wait up to seven years to claim bonuses. Boards would also have to power to claw back bonuses, in a move designed to align pay with long-term performance, rather than short-term financial targets. The proposal arose after it was revealed during the banking royal commission that some executives had secured bonuses despite misconduct within their business areas. APRA itself was also slammed recently for its own cultural problems. Here’s what people are saying. 

Given the average hiring manager only looks at CVs for between six and 10 seconds, and that education and experience can often have a "relatively low correlation" with job performance — is it time to ditch the resume? Australian behavioural scientist Kate Glazebrook believes so, arguing targeted testing is a far better way to find the right candidate, as it allows employers to avoid unconscious bias. According to the AFR, studies show just changing a name or postal address on a CV can affect how candidates are rated. Here’s what people are saying. 

BHP is preparing to become the world’s first mining company to establish benchmarks for its customers to cut greenhouse gas emissions. The “ambitious” $500M. carbon pledge initiative is aimed at shippers, steel mills and power plants, according to CEO Andrew Mackenzie. The decarbonisation plan will curtail BHP’s emissions and those generated by companies using its coal and iron ore products “beyond its mine gates.” Mackenzie said climate change is “escalating towards crisis point,” and BHP would link executive pay “more closely” to the reduction of greenhouse gas releases. Here's what people are saying.

The plan by Qantas and Cathay Pacific to codeshare on connecting flights in Australia and Hong Kong has been thwarted by the International Air Services Commission. The carriers already dominate the route, accounting for 89% of traffic and the IASC concluded the deal would likely generate price rises. The proposal had been contested by both the ACCC and Virgin, who retain 8% of the route’s traffic. Qantas and Cathay already have a codeshare agreement for customers to purchase flights between the two countries. Here's what people are saying.

The business model for Australia’s biggest sporting leagues has inexorably shifted, The AFR writes. The economic model for Aussie rules, cricket and rugby has long been predicated on the cost of broadcast rights growing with each agreement. But lately, as rights costs have risen, advertising and subscriber revenue has “gone in the other direction.” Television viewing habits have “changed dramatically” and as viewer numbers continue to decline, the days of networks throwing “endless wads of cash at sports associations” suddenly appear over. Here's what people are saying.

Idea of the Day: Adding gender and identity diversity to your employees will most likely lead to higher levels of creativity, says author Don Peppers.

“Take a different pill occasionally, or at least invite to the table those who have. It’s almost guaranteed to raise both the creativity and the overall quality of your team’s thinking.”

What's your take on today’s stories? Share your thoughts in the comments.

— Andrew Murfett