Companies need to listen more, and employees need to speak up faster when problems arise in the workplace, according to research undertaken by US leadership training group VitalSmarts.
VitalSmarts found that when three days or fewer pass between the identification of a problem and a frank, honest and respectful conversation about it, roughly AU$7,000 is wasted. However, when this process takes five days or more, employees estimate almost than $70,000 is wasted.
The latest Household, Income and Labour Dynamics in Australia (HILDA) survey released by the Melbourne Institute, showed the number of ‘solo self-employed’ people in Australia had not significantly grown from 2011 to 2016, despite increasing talk about the gig economy.
It also found that the ‘self employed with employees’ sector had declined “at quite a rapid rate” from about 8.6 per cent in 2001 to less than 5.5 per cent in 2016. Read more
Feeling exhausted, stressed and unable to think straight?
If you’re a start-up that could be because of the phenomenal hours you’re working and the little time you have available to unwind.
How many superannuation accounts have you got that you know about… and how many have slipped your attention?
Around 15 million Australians now have super fund accounts with approximately 40% of them have more than one!1
If you are not up to date on your superannuation payments for employees and contractors, now is the time to get yourself sorted. Right now, you can take advantage of an Australian Government Amnesty, which runs until 23 May 2019.
As a contractor, you’re exposed to many different workplace cultures at any one time and over several years. The chances are, that in some of the workplaces you’ve been in, you’ve observed people making unethical decisions to protect themselves or their team over and above the customers / suppliers or the organisation itself.
The largest IT leadership survey in the world has found that businesses are increasingly prioritising improvements in cyber security, operational risk and compliance.
An early song that Jenny Morris OAM sang, asked the big question: “where are we going… and what are we going to do?”
I’m pretty sure she was talking about a relationship, however the question is equally relevant when you’re in business.
More than 60 per cent of small businesses in Australia fail, primarily because the idea was a bad one in the first place, or they lacked a long term strategy, or they simply didn’t have the capital (or faith that they could raise the capital) to support themselves during the time it takes to get established.
As you head into the new financial year, it’s a good time to review your work processes. Are there any systems you can update to make your working life easier and assist with compliance?
One elephant that’s often left stomping in the corner of the room is record keeping.
