Hello and welcome to Episode 88 of the People Powered Business Podcast!
In an industry that hasnât exactly been characterised by constant change, from 1 November 2021 we have seen yet another change to superannuation rules here in Australia.
The 1st November sees the commencement of an additional step in setting up new employees and their compulsory superannuation guarantee â itâs called Super Stapling.
Whilst itâs a funny term, put simply, a stapled super fund is simply an existing superannuation account that an employee has which is linked, or 'stapled', to that individual employee. Effectively this superannuation fund follows the employee as they change jobs â itâs stapled to them.
From 1 November 2021, if you have a new employee start with you, and they don't choose or nominate a superannuation fund, you have an extra step to take to comply with choice of superannuation fund rules. Rather than just setting that employee up in your default super fund that your business uses, you will need to check, via the ATO, whether that employee has a stapled sup...
Like most leaders and managers of teams, you have probably found yourself in a place where you had had success in building your team, you have found great people, you have kept great people. Yet at a certain point things werenât all working as well as you liked with your employees. Perhaps you realised your latest hire wasnât ideal, or you were getting attitude from one of the team, or they just didnât seem to be doing what you expected, or you needed to exit someone but the thought of having to do that was less than comfortable.
The first thing you need to know is that it is totally normal, and there are always going to be points as you grow your business where things get a little wobbly in certain parts, despite the fact that you have other elements of your team running along seamlessly.
For the last 7 years I have been on a mission to better understand the unique needs of SMEâs when it comes to their human resources, their people management and staffing structures. Over this time ...
Do you ever find yourself with a song stuck in your head which transports you back in time? Like the Alanis Morisset album I had on repeat over a weekend of painting in a previous property? Of course there are the traditional pull backs of formals, parties, weddings and alike, but sometimes the audio cue reminds us of much more subtle and seemingly insignificant things that happen.
Â
Yet other times, if you love music like I do, some songs just stay with you for no specific reason at all. They are not tied to any âeventâ or âtimeâ, they are just a song that you loved and have never fallen out of love with over the years, every time you hear it you canât help but smile.
Â
Well, as a fan of all things 90âs music, one such song for me is Hey Jealousy released by a band known as the Gin Blossoms back in the early 90âs. While I do love the song, there is one single line in that song that has stuck with me from the first time I heard it till today, and it is powerful in itâs simplicity, ...
Free Employment Contract Checklist
Get your free checklist and discover exactly what should (and what shouldn't) be in your employment contracts.Â