Attracting high quality, ‘informed’ contractors and employees is increasingly challenging for businesses and it’s causing them to rethink their recruiting strategies, according to international job site Glassdoor.1
‘Informed’ candidates are well-researched about the business they are applying to, engaged and ready to ask relevant questions when in an interview.
And the good news is… if your business has an annual turnover of $10 million or less, you should have less tax to pay on your 2017 return.
That’s because the Australian Taxation Office lowered the company tax rate to 27.5% for the 2016–17 income year for businesses with a turnover of less than $10 million that have operated for all or part of the year.
Businesses should begin preparing now for a volatile future according to an insightful report published by Bain and Company in the US.
The report predicts that a “collision” of automation, an ageing population and a widening gap between the rich and poor, will “trigger economic disruption far greater than we have experienced over the past 60 years”.
Emotional intelligence (EI) is the latest buzzword in corporate circles and it’s something that every employer or contract manager is looking for in their hires. Quite simply, a person with emotional intelligence is someone who can identify and manage their emotions and the emotions of others.
Sounds straight forward enough, yet many people don’t have the ability to apply their emotions to tasks like thinking and problem solving; or to manage (ie regulate) their own emotions and help others do the same.
How many times have you received a bill from the Australian Taxation Office (ATO) and shoved it aside, hoping it will disappear?
We all know that sinking feeling when an envelope arrives branded ATO and, despite the best of planning, there’s not enough cash in the tin to pay the bill inside.
But we also know tax payable to the ATO has to be paid. So… why put your head in the sand – you need to take control of your taxes now because what doesn’t hurt too much today will come back with a sting in its tail in the next few months.
Do you know how your business is performing compared to other similar businesses in your industry?
Do you want to identify opportunities to make it more successful than it already is?
Benchmarking is a great place to start – it’s the process of measuring your business’ performance in quantitative and qualitative terms to determine how it’s going.
Once you’ve done your benchmarking, you can compare it with your similar businesses in the sector… and that will help you identify opportunities to develop new products and services, or finesse your processes for greater efficiency, productivity and or quality.
Going forward, regular benchmarking will let you measure your business performance against previous quarters and years, so you can see the results of the action plans you implement and make further refinements.
In August 2017, AssetLink and Blackmores were awarded the annual Australian Business Award for Human Resource Management.
The annual Australian Business Awards recognise organisations that have developed leading workplaces, which “maximise the full potential of their workforce through practices that demonstrate effective employee recruitment, engagement and retention”.
If you work in front of a screen hour after hour, and enjoy spending your down-time on an iPad or smart phone, chances are you’re living with computer vision syndrome (dry eyes, headaches, stiff neck and shoulders, perhaps the odd loss of focus)… and you often feel more tired than you should. Read more