Human Resources
We are almost half-way through our series on questions to consider when it comes to your business plan.
Before we jump into questions regarding Human Resources, I’d like to stress something here: If you are going to employ staff you MUST keep yourself informed about your employees rates and rights.
Frankly, if it were up to me nobody would be allowed to employ staff unless they had taken some kind of basic workshop on employer obligations. It never ceases to amaze me just how many people go into business, put on staff, half-arse the pays and paperwork with no regard for the employees actual entitlements and expect to get away with it. This might fly for a short period but you are only setting yourself up for a lot of headaches and financial pain down the track.
That’s the end of my little rant so let’s get on with the questions…
Have you reviewed your systems relative to the Fair Work Act and Modern Awards relating to:-
• 12 months parental leave?
• Cashing out of annual leave?
• Payment on dismissal?
• Redundancy payments?
• Have you implemented a small businesses’ Fair Dismissal Code checklist?
• Have you reviewed all aspects of employment documentation?
• Does your business have an effective staff training program?
• Have you implemented procedures for employing new team members so that they will learn and stay with the business, including:
- Inducting new team members?
-Inviting new team members to participate in discussions in regard to the direction the business is going?
Next time we will take a look at questions regarding Debtors….
Business Plans – Some Questions to Consider
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This post is part of the 50-part series “Business Plans – Some Questions to Consider” (yes, there will be 50 of them!).
Be sure to read the other parts of the series to get a full picture. You can follow the series along on the blog or read them first by subscribing to our popular Business Plus+ newsletter.
Article by Christie Lewis
Christie is Practice Manager at Alan Lewis Accountants . Besides accounting, her passion is for all things small business (and blogging, of course). You can contact Christie directly at christie@lewistaxation.com.au.
Christie has written 811 awesome articles for us at Alan Lewis Accountants – BLOG
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