The latest Xero Small Business Index is out today with mixed results. The highest jobs growth in 11 months was an important positive, but wages growth, sales growth and payment wait times are looking shaky. Xero, the global small business platform, today released its latest data on the health of Australia’s small business economy during… Read more »
The July Employment Hero SME Index shows an increase in median wages and growing employment numbers, which highlights the resiliency of the small and medium-sized employment sector. In good news for anyone employed by small and medium business, the Employment Hero SME Index has shown that the median wage across Australia has increased overall by… Read more »
With inflation rising, businesses must be prepared to address pay fairness, regardless of whether they are adjusting wages, writes Tony Guadagni, Senior Principal, HR research at Gartner. Organisations that don’t adjust pay to match inflation are likely to face additional turnover as employees take the quickest, easiest route to higher pay in a competitive job… Read more »
Small business owners are amongst those most likely to be impacted by the Fair Work Commission’s annual wage review, with all modern award rates set to increase by 3.5 per cent on July 1, 2018. The wage increase is the highest since 2011 and will impact over 2.3 million Australians who are paid at the… Read more »
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