EDITORIAL FOR FINANCIAL REVIEW.

Running Head: EDITORIAL FOR FINANCIAL REVIEW
EDITORIAL FOR FINANCIAL REVIEW
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EDITORIAL FOR FINANCIAL REVIEW
Employee Turnover in Australian Retail Sector Due to wage Fraud in 7-
Eleven
The retail sector in Australia is going through turmoil. After the labor scandal by 7-
Eleven’, a Japanese owned convenience chain, came in front of the mass.
According to financial experts, the unethical and exploitative work practices adopted by 7-
Eleven’, revealed through the investigation carried on by joint four corners and Fairfax. These
reports indicated that & -Eleven is conducting unscrupulous activities in order to minimize store
and labor costs and enhance profits (Smethurst, 2019).
International students who came to Australia in order to pursue higher studies,
work at 7-Eleven stores in order to earn their living. 7-Eleven exploits those young students by
paying them 50% below the minimum wage. Further 7-Eleven is also alleged of publishing false
pay records, disobeying workplace laws (The Sydney Morning Herald, 2019).
According to the Fairfax reports argues that, 7-Eleven does not even pay minimum
hourly rates. Moreover, the company makes those young students work during weekends and
public holidays, but does not even pay them penalty for working during holidays (ABC News.,
2019). Even there are other retail chains which have started deceiving their employees from their
rights, just to complete with 7-Eleven Australia (The Sydney Morning Herald, 2019).
Experts argue that, this ‘wage fraud’ has casted upon an overall negative impacts on the
economy as well as education sector of Australia. According to them, due to the high labor
exploitation rate in the retail sector of Australia., less people want to be recruited in the retail
sectors. Again the existing employees in the retail sectors of Australia are leaving their jobs.
Thus the retail sector oof Australia is suffering from employee turnover. Moreover the demand