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26 Jul, 24

Navigating Union Entry into Small and Family-Owned Businesses: What You Need to Know

Recent changes to the Fair Work Act have introduced significant amendments impacting union rights and workplace entry, particularly for small and family-owned businesses. This comprehensive guide breaks down these changes and provides actionable advice to help you stay compliant and protect your business. Key points include: Unions now have the right to enter workplaces to assist health and safety representatives and ensure compliance, regardless of employee count. Union officials no longer need Fair Work Commission approval to visit your premises. Employers must understand that union membership for employees is voluntary, and no coercion is allowed. Discover how to manage these changes effectively, ensure smooth operations, and maintain a compliant workplace. Read the full article for detailed insights and practical tips.
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20 May, 24

The Future Stability of Small Businesses Amidst the Cost of Living Crisis

Small businesses are struggling amidst the cost of living crisis, with insolvencies at record highs and inflation driving up costs. The Labour Government's budget offers temporary relief but fails to address root issues like high energy costs and rising interest rates. To ensure stability, more comprehensive support is needed. Government policies must balance the needs of workers and small business owners. Long-term solutions are essential for the sustainability of small businesses.
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16 May, 24

2024-25 Budget: Will Small Businesses Truly Benefit?

The 2024-25 Australian Budget aims to support small businesses with initiatives like a $20,000 instant asset write-off, $3.5 billion in energy bill relief, and $25.3 million to improve payment times. However, the allocated funds per business are minimal, raising questions about their effectiveness. For instance, the digital adoption initiative provides just $6.91 per business annually. More comprehensive and sustained strategies are essential for meaningful support and long-term growth. Learn more about the budget's impact.
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16 May, 24

2024-25 Budget: Will Disaster Relief and Preparedness Measures Help Small Businesses?

The 2024-25 Australian Budget allocates $236 million for disaster recovery, but is it enough? With Australia's natural disasters costing $18.2 billion annually, the per-business support amounts to just $25.65 per year. Other allocations, like the $1.4 billion for Disaster Recovery Funding Arrangements, offer $152.17 per small business annually. These figures highlight the need for more robust funding to ensure effective disaster preparedness and recovery for small businesses. Learn more about the budget’s impact and its shortcomings.
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16 May, 24

Will the 2024-25 Budget Solve Australia’s Housing Crisis?

The 2024-25 Australian Budget's housing initiatives, including the $10 billion Housing Australia Future Fund and $1.6 billion First Home Guarantee Scheme, aim to tackle the housing crisis. However, the funding may be insufficient to meet the growing demand and rising costs. With a significant shortfall in affordable housing and increasing rental stress, the budget's measures may not fully address the underlying issues. Effective implementation and additional funding are crucial for meaningful impact.
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15 May, 24

2024-25 Australian Budget: Ambitious Plans or Inflationary Risks? A Critical Review of Economic Impact and Future RBA Decisions

SBAAS responds to the 2024-25 Australian Budget, highlighting both opportunities and challenges for small businesses. Key measures include energy bill relief, rent assistance, and Stage 3 tax cuts. However, future deficits, increased borrowing costs, and economic uncertainties pose significant risks. Effective implementation and long-term planning are essential for success.
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11 Apr, 24

The ESG Reporting Conundrum for Small Businesses: A Multifaceted Perspective

As Australia advances toward stricter Environmental, Social, and Governance (ESG) reporting, small businesses face significant challenges. They lack the resources and capacity to meet the same reporting standards as larger corporations, especially in sectors with existing carbon compliance demands. A multi-tier ESG reporting system could ease this burden by tailoring requirements to small businesses' operational capacities, potentially encouraging sustainable practices without overwhelming them. However, this approach may introduce complexity in enforcement and risk creating a perception of lesser sustainability commitment among smaller entities. Government support in providing clear guidance and resources is crucial for a smooth transition to sustainable practices.
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16 Jan, 24

Empowering Australian Micro and Small Businesses through ESG Integration

Environmental, Social, and Governance (ESG) measures are crucial for Australian micro and small businesses facing increasing demands for sustainable practices. Integrating ESG into business strategies can enhance value, align with stakeholder expectations, and secure business opportunities, especially as larger companies evaluate suppliers' sustainability credentials. Practical guidance and examples of successful ESG integration are essential, demonstrating benefits like cost savings and reputation enhancement. Tailored sector-specific ESG practices can address unique industry challenges, while a cost-benefit analysis can highlight the long-term advantages of ESG compliance over initial costs. Supportive resources and sector-specific guidance can aid businesses in navigating and implementing ESG initiatives effectively.
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04 Sep, 23

Attracting and Retaining Talent HR Insights for the Hospitality Industry

Explore strategies for navigating Australia's hospitality labour market, focusing on employer branding, job design, and effective recruitment to attract and retain talent. Learn about fair compensation, training, and creating a balanced work environment. Understand legal compliance and its impact on staff retention, essential for thriving in the competitive hospitality sector.
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