When you’re running a small business it’s vital to manage your fixed costs. Staff costs are possibly the biggest one. You want to pay fairly but not through the nose for your people, but how do you know what your staff are really worth? Digital tools such as the salary checker app for iPhones may help.
After 30 June, 2011, employers will become ‘paymasters’ responsible for distributing funds under the government’s new paid parental leave scheme, with employers urged to make sure they are ready for this added burden before July 1.
The Paid Parental Leave Act 2010, which came into effect on 1 October 2010, sees the Federal Government provide tax payer-funded paid parental leave. However, in the majority of cases employers will be required to physically distribute payment to their eligible employees, from 1 July 2011.
Australian employees forced to compete for the shrinking pool of skilled workers will need to pay more to attract staff or turn to skilled migration using the Federal Government’s 457-visa program, according to KPMG’s Skilled Migration Survey 2010.
Wages only increased by 0.8 percent in the June quarter according to the latest data from the ABS, reducing pressure on the Reserve Bank of Australia to increase rates at its September board meeting.
The good news for employers is that three in four employees (77%) could now be influenced to accept a slightly lower salary from their current boss, according to a new salary survey conducted by recruitment firm OfficeTeam, a division of Robert Half International.
As unemployment figures lowered for a third consecutive month, survey results reveal that the upturn is in full swing for Australia’s privately held businesses and employee salaries are on the up. · Over three-quarters (78%) of Australian business are planning to increase salaries in the next 12 months, compared to the global average of only […]
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