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.
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.
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.