The numbers are huge. Small and medium-sized businesses employ roughly 70% of Australia’s workforce, so that’s around seven million jobs or more1. Hiring the workers and then keeping them requires an enormous amount of thought, effort, and strategy but it’s an aspect of your business that can be optimized with a Chartered Accountant.
1. Getting the right people for the right roles
Not having the right staff can have significant financial impact on businesses not to mention overall employee morale. The wrong hire can affect engagement and productivity, which further impacts profitability.
Getting the right people for the right roles is vital in stringing together efficiencies in your organisation.
2. Impact of the rising gig economy
The younger workforce possess a different perspective when it comes to employment. With most of them looking to be more transient and acquire more experience, they typically come for a job for a certain period of time and then go elsewhere.
They won’t stick around for long periods of time, so this involves an enormous amount of effort to try and encourage them to stay or find new staff that can replace them.
3. Culture of trust
You have to trust that your staff will be good sales people; trust that they are respectful of your data and that they represent your brand perfectly.
So how will you gain their respect and trust and get them to realise that they can grow their career with you? How do you create a culture, make them see its value as well as your brand vision?
4. Loyalty + Technology = Trust
Businesses hold significant amounts of data on clients and prospects. Establishing trust within your staff is critical in protecting all these data. By implementing measures to make employees feel valued and trusted, you are forging loyalty, which plays a significant role in steering clear of data fraud or theft.
5. HR risk evaluation
How exposed are you? And when was the last time you measured it?
6. Cost of the lack of professional development
The lack of professional development and training is a huge focus for many professionals in this market, which is why if an individual feels they are in an environment that doesn’t help invest in their growth, they’re going to look for it elsewhere.
This podcast is highly beneficial for anyone who needs to see into the future: CEOs, CFOs, General Managers, Heads of Departments, Sales Managers, Relationship Managers, Mergers and Acquisitions and Business Owners.