Effective KPI reporting is built on transparency, accountability, and comprehensive communication. It can help businesses to reduce costs, identify new opportunities, and make better decisions. It provides an opportunity for staff at all levels of a business to reflect on their performance and, if required, take actions that improve the overall performance of the business.
This short article will show you how to take control of the KPI reporting process.
Read MoreFor most people, giving negative feedback is the last thing they want to do – but if you do it badly it causes pain on both sides. The point of giving negative feedback is to create a change in behaviour to improve performance. If you fail to deliver the feedback effectively, you will fail to meet this objective. There are five common ways managers and supervisors fail at giving negative feedback.Know what they are and what to do to avoid them, and you can avoid the consequences of feedback failure.
Read MoreBlog, News, Media, Latest … Whatever you want to call it, they’re all essentially the same: an outlet that enables businesses to share their latest news, views and reviews with their audience in a casual, non-confronting way.
Read MoreIn April last year, Immigration New Zealand (INZ) introduced a compulsory stand-down for “non-compliant employers”. This is now beginning to have a significant effect on a number of businesses.
Read MoreGoal setting has been described as 'the inner technology of success' and is one of your organisation's most important activities. Unless taken seriously, this vital planning task will be a futile exercise, an activity that can produce several high-sounding intentions which, for various reasons, are soon forgotten. So, if you want challenging goals that are, importantly, achievable, then you should consider these basic principles…
Read MoreAs we have crossed the line of 31 March for another year inevitably the topic of tax enters our minds and equally as important, so does Fringe Benefit Tax (FBT). The 2018 fourth quarter Fringe Benefit Tax return or Annual Fringe Benefit Tax return for the year ended 31 March 2018 is due by 31 May 2018, so the time is nigh to turn our attention to the usual trip-ups in the FBT rules and any changes in these that have come up in the last year.
Read MoreAn additional option for calculating provisional tax known as AIM (Accounting Income Method) will become available for small businesses that use approved accounting software to prepare their accounts with effect from 1 April 2018. If you are a medium or large business reading this, take note that Inland Revenue very much see this roll out to small business as a pilot, with the intention that a form of it will be offered to larger businesses down the track. They are already exploring ideas for how to do this.
Read MoreA recent warning from the Commerce Commission has highlighted how important it is for businesses to have reasonable grounds for any claims or implications they make about their goods or services. The warning was issued on Monday, 18 December to NZ Fibre Communications Limited (“Stuff Fibre”) for making unsubstantiated claims that it is “Probably NZ’s Fastest Internet.”
Read MoreOn 25 January, the Government announced the first round of its employment law reforms. While changes to employment laws were expected, the Government has moved on its pre-election 100-day manifesto in relation to trial periods.
Read MoreIf 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 manage people, don’t underestimate what an impact you have on their lives. People are working for you and giving you their time. Sure, you pay them for it, and yes, you are providing them with an opportunity, but they are providing you with their limited time and their potential – an unlimited opportunity for you.
Read MoreThis month in Tax Bites, we discuss Foreign Tax Credits and GST for Exported Services
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 MoreWe would like to discuss a simple concept that sometimes causes confusion but which can save money and make life simpler.
The concept is replacing the persons who are the trustees of your trust with a company, of which the present trustees are shareholders and directors.
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 MoreThere is nothing elusive about leadership. Although great leaders may be as rare as great runners, great painters, or great actors, everyone has leadership potential—just as everyone has some ability at running, painting, and acting.
Read MoreNew regulations came into force in December, 2017, with specific duties applying to persons conducting a business or undertaking (PCBUs) with "management or control" of a workplace, transit depot, or a hazardous substance location.
Read MoreA recent case, Van Uden v CIR, highlights the potential significance of a property owned by a trust being an individual’s permanent place of abode and thus triggering tax residency.
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