Australian Businesses Admit To Struggling To Retain and Attract Quality Staff
Ongoing border closures and a ban on international travel means that Australian businesses have lost access to technical and skilled workers from overseas coming into the country. As a result of this businesses are now having to fight for available resources and things could potential become more challenging for small businesses across the country. The […]
Employee Overtime Increased By 33 Percent In 2020
Recently published research has highlighted that overtime work increased in 33 percent of businesses across Australia over the last 12-month period. 59 percent of non-award staff were unpaid for their extra hours. Only 13 percent managed to decrease overtime over the past 12 months. Of those 33 percent of Australian business that increased overtime, 20 […]
The Real Cost of Employee Turnover
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Turnover Trends in Australia In the year to February 2019, 8.5% of the Australian workforce changed their employer or the business they operated. This is up from a record low of 7.7% in the year to February 2017. Across industries, hospitality workers were the most likely to change jobs, with 17.9% changing their employer or […]
Signs of a Struggling Business
A struggling business may show overt signs as the situation worsens and comes to an end, but often there are small signs long before this that can point to trouble on the horizon. An early warning sign for businesses is that there is a disconnection between operative cash flow and available resources. This can be draining or using cash resources or just making payments on time as cash comes in.