If you're keen to display the qualities of true leadership, then risk-taking must become part of your executive weaponry. Leaders must be disrupters of the status quo, something that often requires them to take risks. Calculated risk-taking helps 'creative edge' organisations to thrive and earns an enviable reputation for individuals who deliver the positive results.
But risk-taking requires courage, and an awareness of the following advice….
Read MoreIf you receive a complaint of sexual harassment from an employee it is vitally important that this be properly investigated. You are at risk of being sued by the complainant employee or alleged harasser (or even both) if this is not investigated properly!
Read MoreWhy do customers choose to do business with you? Why would they not go elsewhere? Having dealt with you, how likely are they to come back again and again? Is there something you have that others do not, a point of difference that sets you apart from your opposition? Is there a gap in the market, a need that you can satisfy better than others?
Read MoreCustomers these days are pretty savvy. They can smell a fake from a mile off.
That’s why businesses big and small have discovered the power of authenticity — the ability to look your fans and customers in the eye, say what you mean and mean what you say. And what better medium to look people in the eye, if not in person, than by video?
Read MoreA growing business is a great business, right? Sales are up. You are getting compliments for how well you are doing. So, why do you have a niggling feeling that something's not right?
Read MoreIt is an employer’s responsibility to take reasonable practicable steps to ensure that employees have a safe and healthy work environment.
Read MoreCyber Security continues to be a top concern of clients given the recent high-profile Ransomware attacks and data breaches. There is almost always more you can do to reduce the likelihood or impact of an attack on your business.
Read MoreMany employers are willing to put in place flexible working arrangements so that staff can remain in the workforce but meet their other life responsibilities or plans. Usually this is just done by discussion and agreement on what will work best for both the employee and employer. If you cannot reach agreement then employees have the right to request flexible working arrangements under the Employment Relations Act. Employees can seek to vary their hours of work, days of work, or their place of work (e.g. an employee can request that they be allowed to work from home).
Read MoreWhen the court makes a decision that an individual or business is owed a debt, it issues a judgment order telling the debtor that they must pay the creditor.
However, often creditors are left wondering what happens if the debtor doesn’t pay. Find out how the court can assist you in recovering an undisputed civil debt.
Read MoreYou may check your financial information monthly but are you doing enough? Do you create a cash flow chart? And have you established the cash flow goals for your business, both long and short term?
Read MoreWe will examine further the effect of debtors on cash flows, payments to creditors, increasing sales and reducing costs and getting quick cash.
Read MoreWe now take a look at:
how to budget and forecast
how to manage cash reserves
how to manage petty cash
Simply by adjusting the price of your service or products, you could end up with substantially more profits. Wouldn’t that be worth exploring?
Read MorePublic holiday, bereavement and sick leave and alternative holiday payments are calculated using relevant daily pay or average daily pay (if applicable). Annual holidays are calculated differently.
ADP is a daily average of the employee’s gross earnings over the past 52 weeks. This is worked out by:
adding up the employee’s gross earnings for the period, and
dividing this by the number of whole or part days the employee either worked or was on paid leave or holidays during that period.
In this article we discuss significant costs which can have a large impact on your bottom line.
Read MoreRelevant daily pay (RDP) is the pay that an employee would have earned for working on that day.
RDP includes:
payments such as regular (taxable) allowances, commission and bonuses that would have received by the employee on the relevant day
overtime pay, if the employee would have received this on the relevant day
the cash value of board or lodgings if this is provided by the employer.
Public holiday, bereavement and sick leave and alternative holiday payments are calculated using relevant daily pay or average daily pay (if applicable). Annual holidays are calculated differently.
ADP is a daily average of the employee’s gross earnings over the past 52 weeks. This is worked out by:
adding up the employee’s gross earnings for the period, and
dividing this by the number of whole or part days the employee either worked or was on paid leave or holidays during that period.
Employees are entitled to a minimum of 4 weeks pay for every 12 months of service. A week's Holiday Pay for annual leave is the greater of:
The average weekly earnings; and
The current ordinary weekly pay at the time the leave is taken.
Unless you have software that will do this for you, these calculations need to be done every time an employee takes annual leave.
Read MoreStatistics show that up to 80% of business failures could have been avoided if they had developed and used a proper business plan. Research also shows that businesses that properly plan are significantly more likely to be more profitable and to achieve greater growth.
Read MoreRunning a business without a plan is like going on a trip without a map, sufficient gas, money, or even a destination. Just as you wouldn't go on a vacation without some planning, no business can be successful without it.
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