A new suite of major changes to employee awards and legislation will come into effect this year, with payroll expert Tracy Angwin warning large organisations and SMEs that they must comply with them or face consequences by the Fair Work Ombudsman. Tracy Angwin, CEO of the Australian Payroll Association says, “Legislation and individual awards around employee […]
Independent research by specialised recruiter Robert Half shows that Australian business leaders have among the highest levels of confidence in their 2020 business growth prospects of the thirteen countries polled. High levels of business confidence have, in turn, resulted in expansive hiring plans for the next calendar year as nearly half (46%) plan to increase […]
Managing the challenges associated with running a successful business requires leaders to consider both internal and external factors that could affect the organisation. However, when a business is struggling, it’s very rarely solely as a result of external factors. It can be tempting to blame external factors for non-performance or use them as an excuse […]
New data has revealed that 83 per cent of organisations are using payroll technology developed 20 years ago or more. The findings come at a time when a wage underpayment epidemic is sweeping across some of Australia’s biggest companies… The data comes from the 2019 Payroll Benchmarking Report, an annual study by the Australian Payroll […]
For most businesses, growth is a key goal and is essential to the organisation’s ongoing sustainability. However, when companies aren’t prepared for growth, they can hit roadblocks and encounter issues that can endanger the entire operation. To overcome these risks while scaling up the business, decision-makers need to plan carefully and incorporate specific risk-mitigation measures, […]
Almost 9 out of 10 small business owners agree that an insurance claim has the potential to put them out of business, cause them to lose revenue, or dry up cash flow. Despite these statistics, 62 per cent of SMEs said they are unlikely to have the right insurance in place to protect their business. […]
Last week, Australian small businesses with 19 employees or less, were required by law to report using the new digital Single Touch Payroll (STP) reporting system – however around a third of small employers are yet to start reporting or notify the ATO they need more time to start. STP requires employers to electronically send […]
All entrepreneurs and business owners will naturally be preoccupied with making money. This is, after all, what helps you to not only continue to operate but also stimulate business growth. Generating enough revenue helps you to pay staff wages but is also key for buying stock, paying business rates and settling other bills. Not quite […]
While many small and medium enterprises (SMEs) understand that the nature of work is becoming increasingly digital, many business owners aren’t necessarily certain where they should invest their limited resources for maximum results. Getting that investment right could create limitless possibilities for these businesses while getting it wrong could result in wasted time and money. […]
In the realm of digital marketing, there are two general strategies that are available to us. Search Engine Optimisation and Pay-Per-Click marketing are two of the most sure-fire ways to help your business take off. But, what if you have limited resources? You want to make sure that the time and money that you’re going […]
