Welcome to the halkin blog.
Your source for weekly stories and advice on local business, the economy in general and what’s happening in Sydney this weekend.
Halkin HR Newsletter - July 2024
Welcome to the Halkin HR July Newsletter.
As we step into the new financial year, several important updates have come into effect that will impact businesses nationwide. From the 3.75% increase in the national minimum wage to the new minimum superannuation guarantee of 11.5%, it's crucial to stay informed and compliant.
The Economic and Unity Boost: The 2023 FIFA Women's World Cup
The 2023 FIFA Women's World Cup has proven to be a win-win for Australia and New Zealand, offering substantial economic benefits and fostering national unity. As these nations continue to bask in the glory of hosting this prestigious event, they also look forward to a brighter future with enhanced tourism, infrastructure, and global recognition.
Federal Budget 2023-2024
On Tuesday 9th May the Australian public received the 2023-2024 Federal Budget.
The overall economic outlook was an improvement in the cash balance and net business debt resulting in a $4 billion surplus. In addition, Treasury is forecasting the economy to slow over the coming 2 years.
Please read on below for key takeaways on the budget initiatives and, as always, our consultants are here to help, so reach out to us to have a conversation about how the budget initiatives can fit in to your circumstances and financial goals.
Knowing is Growing. Building a Work Culture that Supports Learning.
It’s a digital, fast-paced economy and I t's more important than ever for companies to stay ahead of the game. One way to achieve this is by creating a culture of continuous learning, where employees are encouraged to constantly improve their skills and knowledge. It’s obviously good for the business, but more importantly, it’s great for personal growth and self esteem.
Sustainable Growth and Success for SMBs
We’ve been helping business owners grow their companies for over 20 years. Here are five good tips for SMBs in Australia, also some best practices to position your business for long-term growth and success in the 21st century market.
Top 5 Concerns for Australian SMBs
Small and medium-sized businesses (SMBs) in Australia face a number of concerns as they work to grow their customer base and build their team. Here are five key concerns that SMBs in Australia are currently facing.
Work Restrictions for Student Visa Holders
We are delighted to share with you that Immigration has announced from 1 July 2023, work restrictions for student visa holders will be re-introduced and capped at the increased rate of 48 hours per fortnight.
Although this is not completely the increase in hours we were all hoping for, it still ensures that student visa holders are able to focus on obtaining a quality Australian education and qualification, while remaining able to support themselves financially, gain valuable work experience, and contribute to Australia’s workforce needs.
Tax Advice for SMBs in Australia
One of the biggest benefits of having an HR function in small and medium sized business is that it can help bring structure and consistency to the business. In a smaller business, where resources are often limited, having HR can provide guidance on policies and procedures which can help mitigate potential risks and ensure compliance with employment laws and regulations.
Outsourced Accounting Services for SMBs
Outsourced accounting services can provide a unique and invaluable service to SMBs, allowing them to focus on the big picture rather than the tiny details associated with financial administration.
The Benefits of HR function in SMBs
One of the biggest benefits of having an HR function in small and medium sized business is that it can help bring structure and consistency to the business. In a smaller business, where resources are often limited, having HR can provide guidance on policies and procedures which can help mitigate potential risks and ensure compliance with employment laws and regulations.
