Uncertain times always precede elections. The community is in a state of flux, not sure which way the pendulum will fall. The stock market waits with bated breath to hear policies and calculate responses to government changes and economic conditions and business waits with trepidation, to see if the rumours of increased superannuation, higher minimum wages, higher penalty rates and increased unionism will come true with a change in government.
We are in small business too. We know what this feels like – you are still growing and want to grow, but concerned about major investment when you don’t know what the future holds.
Employment is one area that gives concern. It is not like you can employ people permanently, and then move them on quickly if things don’t work out for you. However if you do not staff correctly your production will suffer, you may not meet your workload and customers may walk – what to do?
We have seen this all before – about every 4 years to be exact!
There are a number of things that you can do to work through uncertain times and still grow your business.
One aspect you may consider is working with our HR division to look at the possibility of employing people on non-true fixed term contracts. This means that you employ them, for a maximum term, but still have the ability to terminate their employment before that maximum term. So you could do 6 month, or 12 month periods to give the organisation some flexibility to move. There are some considerable concerns when instigating this type of arrangement, so you need to work with a HR professional to ensure you are covered correctly.
A second very popular method to manage your team during uncertain times, is to maintain your core workers and then employ a periphery of workers, casually as needed. Even better if these workers can be contractors through 923|Recruitment & HR, where you can increase or decrease their hours with only one hours’ notice. You are not locked in, so total flexibility.
On-hired workers through 923|Recruitment & HR are true independent contractors – they are employed by us, a Pty Ltd Company who looks after all their payroll liabilities including super, workers comp, public and professional liability. They are our liability – not yours! Essentially a temp worker, but we can utilise these workers in a long term scenario, due to our Enterprise Agreement. We have a long history of helping businesses during difficult times and with no minimum hours and no minimum charges, plus a choice of candidates, it is a win-win situation for our clients!
Look at temp solutions to develop your ‘flexible firm’ where you can increase or decrease workers and let us do all the hard work for you!
Important Note: These articles have been prepared for general circulation and are circulated for general informational purposes only; these articles should not be regarded as business or investment advice. The articles represent the views of the writers and are subject to change without notice. Additionally, while every care has been taken in the preparation of the articles no representation or warranty as to accuracy or completeness of any statement is given. An individual or organisation should, before any business or investment decision is made, consider the appropriateness of the information in this document, and seek professional advice, having regard to objectives, situation and needs. This document is solely for the use of the party to whom it is provided.