Retail spending jumped by a better than expected 0.9 per cent in November, easily beating economist forecasts of a 0.4 per cent increase. November’s Black Friday sales fuelled a better-than-expected monthly retail turnover, but economists are wary of how much of the 0.9 per cent increase would previously have been spent during December. Consumers shelled […]
Trolls can be distressing and the bane of anyone attempting to grow a social media brand, but they don’t have to be. Social media expert Carissa Hill said openly and effectively dealing with trolls was a good way to build trust and respect on social media. “I’ve had my fair share of haters, when building […]
Workplace wellbeing is a primary concern among business owners. New research from Signify has found investment in connected technology and smart office design is vital to attracting and retaining talent. The survey of 500 small to medium business owners reported 80% of business owners saying retaining and motivating talent is a major business challenge. The report was […]
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 […]
