270 2,000,000+ Large companies in Australia employ 50% Of the Private Sector labour force Small businesses employ the other Of the Private Sector labour.

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Presentation transcript:

270 2,000,000+ Large companies in Australia employ 50% Of the Private Sector labour force Small businesses employ the other Of the Private Sector labour force Data sourced from Australian Human Resources Institute

The Rate of Failure of Small Businesses in Australia is Staggering

Insolvency in Small Businesses keep increasing Data sourced from Australian Bureau of Statistics

1.Poor cash management 2.Poor Marketing Two Big Reasons Are Image Credit: Winners & Losers in Retail by Peter flickr.com under CC/BY modified by cropping the original

There is a third silent assassin POOR PEOPLE MANAGEMENT Image Credit: Local on flickr.com under CC/BY

A Business is only as good as its PEOPLE

People bring uniqueness to their jobs by combining EXPERTISE AND PASSION Image credit: worker cutting metal pipe by marin and doctor woman by Luigi Diamanti/freedigitalphotos.net

Big Businesses focus on harnessing this power

Small Businesses have to deal with the same challenges as their Big Corporate Brothers HIRING TRAINING MANAGING STAFF PAYING MARKET RATES EVER CHANGING LEGAL ISSUES

In Addition,

They compete with BIG BUSINESSES to recruit TALENT Image credit: Stockimages/freedigitalphotos.net

They have to comply with laws that are more suitable for large businesses BUT APPLY TO THEM AS WELL

PEOPLE ARE NOT ON MANAGEMENT’S RADAR Yes NoMay be Compliance Pro-active Staff Management And yet, for most small businesses

Managing People = Problem NOT A PRIORITY Image Credit: Stress!! by flickr.com under CC/BY

Resulting into 1. Industrial Relations Issues with financial and non-financial costs

2. Loss of Productivity adding THOUSANDS OF DOLLARS annually to the running costs

Bring PEOPLE MANAGEMENT at the forefront of your mind

Understand your legal obligations as an EMPLOYER

You can get assistance from: Fair Work Commission Fair Work Ombudsman Australian Taxation Office

Download this FREE e-book from our website. This will help you to get started. Download Now

Create a PERFORMANCE FOCUSED workplace

Start by hiring RIGHT people in every role CREATE A

Ensure they are TRAINED To do their job well

Make every employee feel as a VALUED MEMBER of the Team

It doesn’t have to be an EXPENSIVE exercise

COMMUNICATION, UNDERSTANDING, ENCOURAGEMENT, INTEGRITY, RESPECT and FAIRNESS. Slowly these help build a PERFORMANCE CULTURE What matters most are Image credit: Stuart Miles/freedigitalphotos.net

Pro-active People Management Want to know more? Contact Us on This presentation is owned by Next Gen Teams Pty Ltd. All rights reserved © 2014