7 STRATEGIES FOR BUSINESS OWNERS TO BE EFFECTIVE LEADERS DURING A CRISIS
A crisis tests the decision-making skills of an organisation’s management and employees. If decisions, are made too swiftly, it may be based on incorrect or inadequate information; by the same token, waiting for the perfect set of data may slow decision-making or lead to no decisions being made. During a crisis senior executives can find themselves overwhelmed by the vast amount of information amongst the evolving communications environment. We’ve compiled a list of seven strategies for business owners to be effective leaders in 2020 – including health and wellbeing, empathy and compassion, clarifying the company’s purpose, leading by example, creating …
Don’t become a victim of cyber crime!
Did you know Australia is one of the world’s most hacked countries? Some of the exposures and cyber threats that have occurred in 2020 include: • Staff working from home Working remotely can create exposure to cyber crime and it’s important to ensure that your team’s home networks are as secure as possible. • Lion Nathan (XXXX Brewery) In this case hackers were able to obtain confidential files and held the company to ransom. • COVID-19 malicious activity Including phone and email scams. • myGov-related SMS and email scams These ask you to login to verify your account and often …
CYBER SECURITY THREATS FACED BY SMALL BUSINESS IN AUSTRALIA
Cyber criminals typically follow the money. Australia’s relative wealth, high levels of internet access, and growing online channel distribution make it very attractive and lucrative for cyber-crime adversaries. Transnational cybercrime syndicates and their affiliates, which produce, distribute, sell, and use sophisticated tools and techniques, are a growing concern. Cybercrime is one of Australia’s most common threats and the most significant threat in terms of overall scale and effect on individuals and businesses. The Australian Cyber Security Centre (ACSC) responded to 2,266 cyber security incidents between July 2019 and 2020 amounting to a loss of more than $630 million to Australian …
OUTSOURCING YOUR WORKFORCE OFFSHORE: Unpatriotic or Just Good Business ????
Are you in need of additional staff working from home during the COVID-19 crisis but cant afford to hire local talent? Many professional firms and SMEs are accessing the large talent pool of professionals from the Philippines, Vietnam and India to name a few. Many businesses are turning to outsourcing and are realising significant cost savings on your office space, equipment, and of course, salary expenses. Of course its not as easy as it sounds and there are pitfalls for the inexperienced. If you are thinking about outsourcing offshore give us a call and we can help you avoid those …
Business Culture
Research Study identifies key culture risks and impacts. Many businesses have invested years cultivating an effective culture – one that is both strategically relevant and that employees trust and value. Company culture facilities companies to attract and retain the right people to contribute to a strong and sustainable bottom-line. We’ve had a disruptive and challenging year that has changed many aspects of business operations particularly the way we interact and communicate impacting your company’s culture. Henry Reed, culture change strategists has recently released a Culture Research Study that identifies key cultural risks highlighting the correlation between who is responsible for …
MORE RULES TO JOBKEEPER 2.0
The JobKeeper Payment extension has now been registered for eligible businesses and not-for-profits until 28 March 2021. The changes take effect from 28 September 2020 and will see the introduction of tier 1 and tier 2 JobKeeper Payment rates for the periods: • 28 September 2020 to 3 January 2021 • 4 January 2021 to 28 March 2021. JobKeeper Payment rates for employees will change based on the total hours worked during their reference period. Tier 1 rate: eligible employees who worked for 80 hours or more in the four weeks of pay periods before either 1 March 2020 or …
REMINDER: NEWLY ELIGIBLE EMPLOYEES FOR AUGUST & SEPTEMBER JOB KEEPER FORTNIGHTS
Employers should claim JobKeeper Payments for any newly eligible employees when completing their August monthly business declarations. We have created a factsheet to explain the steps your clients need to take. From 3 August 2020, you may be able to nominate new employees as eligible for the JobKeeper Payment scheme. These new employees must have been employed by you on 1 July 2020 and meet other eligibility criteria. This can include employees that: 1) you employed after 1 March 2020 2) were employed by you on 1 March 2020 and did not meet the eligibility requirements, but do as of …
Apply now for the $3,000 Small Business Recovery Grant
The new Small Business Recovery Grant for up to $3,000 is now open for applications to help you rebuild your business. …