Remember how long it took you to build your business, develop client relationships and forge your reputation? To protect all that hard work, the experts advise planning for succession at least five years in advance.
Employees are the most important asset of any business. So what’s the best way to keep those staff motivated, engaged and doing their best work? Surprisingly, it’s not only about pay, hours off and time in lieu. It’s also about communication, sharing and openness.
In an effort to reduce pressure on employees, France and Germany have implemented regulations that limit after-hours work communication. Should Australia be doing the same?
There’s no denying that poor performers can affect productivity, customer relationships and team morale. But for Graham Winter, executive director at management consultancy firm Think One Team International and author of The Man Who Cured the Performance Review, an ongoing commitment to performance management is central to inspiring and engaging your team members.
Creating the right salary when hiring new accounting recruits means walking a tightrope. Pay too little and you risk losing your preferred candidate, but pay too much and you risk attracting those motivated mostly by money. Worse, you could undermine existing employees critical to the success of your business.