First 5000

Successful trials of the four-day work week in Australia and New Zealand have signalled a need to transform the way we work to achieve sustainable benefits for the employee, the organisation and society. It is not surprising that the reduction of working hours/days, without a pay cut, improves employees’ wellbeing, which can further boost their performance, productivity, innovation and creativity.

The Australian middle market is a large, diverse, and dynamic set of operating businesses. It’s often referred to as the engine room of the nation’s economy, employing nearly a quarter of all Australians, and responsible for almost 40 percent of Australia’s business revenue. To be clear, this is where the action is. These are growing businesses, dynamic, fast-moving, entrepreneurial in nature, exploring new regions and new markets, and embracing technology.

Today, digital transformation is no longer a forward-thinking option, but a necessity for all businesses aiming to maintain their competitive advantage. The prospect of economic uncertainty can prompt sweeping cost-cutting measures for businesses but investing in technology that improves processes and boosts cash flow is a stronger long-term move for business survival and growth.

The years 2023 and 2024 will deliver new retail offerings for consumers that will change their lives forever, according to Lyndall Spooner. Latest statistics show retail turnover in Australia has recorded a 0.6 percent fall in the March 2023 quarter, following a 0.3 percent fall in the December quarter – indicating the retail sector is in recession.

Home / Digital transformation / SMES to benefit from staff training, digital investment First 5000 | June 22, 2023 Chartered Accountants Australia and New Zealand (CA ANZ) is encouraging SMEs businesses to act now if they want to benefit from a tax incentive to train their employees and digitise their business.

ASIC-regulated entities, including mid market businesses, publicly listed companies and other entities holding licences and authorisations, are invited to take part in a survey to measure cyber resilience in Australia’s corporate and financial markets. The ASIC cyber pulse survey will be one of the largest conducted into Australia’s cyber resilience, and will measure entities’ current cyber security and controls, governance arrangements, and incident preparedness.

Rising interest and inflation rates globally and across Australia and New Zealand (ANZ) are putting pressure on businesses of all sizes to do more with less. Beyond the impact that increasing costs have on the supply chain, and the obvious consequences on the bottom line, it’s also creating financial challenges for business grappling with growing overhead costs.

Now that the penalties for pay secrecy clauses have kicked in, let’s take a look at what people can and can’t do when it comes to pay secrecy: The rights that employees have ➡ An employee can disclose their remuneration to any person they like (including people outside their organisation). ➡ An employee can disclose any terms of their employment that are reasonably necessary to determine remuneration outcomes (eg the number of hours they work).

Labour shortage impacting businesses across the country are having a disastrous effect on workplaces, productivity and morale due to an increase in bad managers, according to Christina Foxwell, life and business coach and prominent self-help author. Want to know why people don’t want to come back to the office, because Australian workplaces are full of bad managers.

In today’s business landscape, sustainability has become a crucial consideration for companies of all sizes. As Australian businesses, from small to big, rely on efficient courier services to meet their shipping needs given the country’s size and geographical location, it is essential to choose a provider that aligns with their commitment to responsible business practices. Australian business decision-makers need to consider the overarching impact of partnering with a sustainable courier option.