Expert
It is no surprise that Construction remained the worst industry for court actions in Quarter 3, 2019. However, other industries are showing signs of catching up. Construction remained the worst-performing industry in court actions in all states with the exception of Western Australia. Western Australia which saw retail trade as the worst-performing industry for court […]
For many business owners, their business provides a means of employment and an income. Often, they started the business for that very purpose. However, by not treating their business as an asset, they could be missing out on growth opportunities, or the potential to move from running the business day-to-day to a more flexible and […]
Generating growth is often considered the highest priority for a business. Sustaining strong levels of growth requires robust planning coupled with extremely strong internal practices and procedures. Putting these processes in place and rigidly sticking to them can result in exponential growth, as it did in my previous workplace, a travel company based in the […]
It’s no secret that many not-for-profits (NFPs) operate on very tight budgets. We’d much rather see the money going to our cause than into our operating costs. Plus, resources are low. However, regardless of the low budget and lack of resources, our impact needs to be huge. I’ll tell you now, it can be done. […]
When an organisation embarks on a process automation journey, a fundamental question quickly arises: exactly where do you start? With hundreds (or even thousands) of processes already in place, the idea of automating them can seem rather daunting. Another challenge stems from the fact that all the existing processes might not be working as effectively […]
Over the past few years Emotional Intelligence (EQ) has become a hot topic, particularly in the workplace. Hard skills alone aren’t enough to create strong leaders, with research showing that those with a high EQ are more self-aware, motivated and empathetic – crucial traits for successful management. “The importance of EQ in management is becoming […]
The term ‘Fourth Industrial Revolution’ was originally coined by Klaus Schwab founder and executive chairman of the World Economic Forum. Schwab explained that one of the features of the Fourth Industrial Revolution is that “it doesn’t change what we are doing but rather it changes us”. Over the past 150 years, automation and mechanisation has […]
Most business owners are familiar with the process of setting goals. However, there is a difference between short-term goals that keep a business ticking over and the kind of long-term goals that can see a business owner genuinely achieve their dreams. Some business owners prefer to stick to shorter-term goals because they believe it’s more […]
Bennett & Philp’s Business Advisory Expert Nadia Sabaini sheds light on the legal obligations of a company director and the extent to which a director can be personally liable for the actions of their company. Last month Australia was shocked with the news of George Calombaris underpaying his hard-working restaurant staff. While it can be […]
Some of the most profitable and ultimately sustainable companies are focused on collaborating for the good of the community, rather than their bottom dollar line. Why? Well, it’s a reflection of society. The Australia Giving 2019 Report, recently released by Fundraising and Philanthropy in Australia, found that 35% of Australians have volunteered in the preceding […]
The boundaries between home and work are often blurred – particularly with the growth of the internet where our lives are increasingly public. A whole generation is entering the workplace who have grown up with social media, sharing their lives online, whilst many, perhaps less savvy workers might be using the various platforms to communicate […]
The pathways to success for Australia’s top 50 ASX-listed CEOs have been revealed for the first time, in the most detailed examination of who our corporate leaders are, and how the community ranks their performance. University choice, country of birth, average age, international experience, undergraduate degree, social media use and whether the CEOs were promoted […]
Many people start a business with the aim of spending more time with family or more time on hobbies or self-development, only to find that the business needs them there 24/7. Hobbies and family time go out the window, and the business owner finds themselves with even less freedom than they had when working in […]
Successful business owners aren’t automatically great team managers however, as the business grows, the importance of managing teams grows along with it. And, regardless of how well the business is run otherwise, if a business owner can’t attract and retain top talent, it will be difficult to continue to grow in the long term, according […]
Recently, Dynamic Business attended the 2-day Gartner ReImagine HR event to hear the new trends, reports and insights from HR industry leaders and share them with our readers. HR leaders from all over Australia came together to uncover and discuss the latest HR and leadership trends, best practice, challenges and opportunities. One of those discussions was from Jonathan […]
Retaining experienced and key staff is a core focus of many small businesses. An increasingly mobile workforce means taking a “job for life” is rare. The national average tenure in a job nowadays is three years and four months according to the Commonwealth figures, while a 2019 Deloitte survey out of the US suggests 49% […]
Throughout the course of employment, circumstances can change and you may find there’s times when you need to alter your employee’s work arrangements. Read about how to do it legally here. Hiring employees means that you’re responsible for ensuring the terms of your employees’ contracts are being met. Whether this means paying the correct salary, […]
The Global Startup Genome Ecosystem 2019 report predicts that there will be no “next Silicon Valley.” Instead, they predict there will be 30 global innovation hubs scattered around the world. This report, which ranks cities in terms of their access to talent, funding and global connectedness, positioned Sydney as 23rd in the world – a […]
By Audrey William What will happen to the Australian workplace as we move towards the third decade of the twenty-first century? Rapid change has become the new normal for Australian workers and employers, as technological and societal changes continue to up-end old ways of working. The past two decades have seen the virtual extinction of […]
Gen Y is all about “on demand”. From TV to food and clothes, this is a generation all about convenience. Having been brought up immersed in technology, Gen Y like to order what they want, when they want, and from the comfort of their own homes. This is equally true with managing their finances. Generally […]
