The expense of finding and retaining top-performing talent can challenge organisations’ profitability, and if employees leave within the first year, there are even more costs. Research shows that only 12% of employees leave their employer to earn more money.[1] That means most employers can take action to prevent staff turnover. One of the most common […]
How do you differentiate your business in a crowded market whilst competing with larger, ‘powerhouse’ organisations? This is a question facing smaller operators in the aged care industry. There’s no doubt, with the ageing population in Australia increasing as rapidly as it is, the aged care industry is in turn growing with no signs of slowing down. In […]
The employment pendulum is on the swing again. With such low unemployment, companies are desperately looking to recruit, ideally the best, candidates. Employees, especially the most talented, have their pick of jobs and companies. So, what can small-business employers do to be chosen by their ideal candidates? Pay Of course, everyone knows it’s not all […]
Recognition, reward and opportunity; these are the three key staples in the diet of an engaged and motivated employee. Yet – delivering the right balance of these ‘dietary requirements’ can be one of the biggest challenges businesses face. When they don’t get it right, a disengaged workforce and low morale ensues. With 20 years’ experience […]
The desire to be happy at work and enjoy your job is not an unreasonable one – after all, we spend the vast majority of our waking hours working. True – some of us submit to the notion that getting paid to work is not synonymous with enjoyment, but an increasing number of the workforce […]
If you’re a business owner who was driven to the start-up scene by the prospect of independence and a better work-life balance, then the question you have to ask yourself is this: would you wish for your own employees – the life-blood of your business – to view entrepreneurialism as the ultimate ‘escape hatch’ from […]
For as long as there is entrepreneurship, people who have taken upon themselves to do this job have searched for the recipe for what makes a successful business, and the answers they found and brought into conversation were sometimes quite extraordinary. Some of them, however, made a huge mistake, and, in spite of having the […]
One of the biggest HR issues most businesses face is attracting and retaining skilled staff. When an estimated 25 per cent of employees leave their jobs after just three months, you know it’s time to address the reasons why, and stop it from happening to you. After all, staff turnover can cost your business tens of […]
It all starts with your people. The attraction, development and retention of the right people are the foundations of not only a strong culture but in delivering excellent results on organisational strategy. It sounds simple, yet the challenge of improving retention rates, hiring the right people in the right job at the right time, all […]
Instead of just complying with the fringe benefits tax legislation, why not use it to your advantage? Salary packaging can maximise take-home pay and attract talent. Could salary packaging be a cost-effective way to attract and retain talent? By combining cash salary with other benefits, organisations have greater flexibility to negotiate remuneration, but that’s just one […]
