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.
Strengthening Your Startup: The Power of Fractional CFO Strategy
Are you a startup founder striving to navigate the complex financial landscape while steering your business toward success? If so, you're well aware that financial management is the backbone of any thriving enterprise. As your business evolves and grows, the need for strategic financial expertise becomes increasingly critical. That's where the concept of fractional CFO (Chief Financial Officer) comes into play.
From Local to Global: Inspiring Australian SMBs Navigating International Markets
In the dynamic world of business, small and medium-sized enterprises (SMBs) in Australia are defying limits and charting remarkable growth trajectories. Many have successfully leveraged their strong foundation of loyal local customers as a springboard for international expansion. This article sheds light on the inspiring stories of Australian SMBs that transformed from local startups into global powerhouses, showcasing their strategies and offering insights to inspire others to follow suit.
A Marketing Cheat Sheet for Local Service-Based Small Businesses
In today's digital age, the internet has become a powerful tool for small business owners looking to expand their reach and grow their enterprises. This is especially true for service-based businesses that cater to local customers. Leveraging the online landscape effectively can significantly boost visibility, attract new clients, and enhance overall business success.
Here's a marketing cheat sheet we created for small business owners on how to harness the power of the internet to foster local growth.
Unlocking Potential: HR Services Tailored for Small and Medium-Sized Businesses
In the dynamic landscape of business, small and medium-sized enterprises (SMEs) often face unique challenges when it comes to managing human resources.
As these businesses strive to grow and expand, the need for effective HR services becomes paramount.
The Benefits of Outsourced Accounting Services for Small and Medium-Sized Business Owners
Running a small or medium-sized business (SMBs) can be a Herculean task. Business owners often find themselves juggling multiple responsibilities, from managing day-to-day operations to devising long-term growth strategies.
Amidst this chaos, financial management remains a cornerstone of success. To alleviate the burden and ensure financial stability, many SMB owners turn to outsourced accounting services.
Supporting Small Businesses: A Weekend Guide to Sydney's Local Gems
Sydney, Australia's vibrant and diverse city, is not only known for its stunning landmarks but also for its thriving small business community.
This weekend, why not explore the city in a unique way by supporting local entrepreneurs and artisans? From farmers markets to outdoor shopping, there are plenty of opportunities to enjoy and contribute to Sydney's small business scene. Here's a guide to help you make the most of your weekend while showing your support for local businesses.
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.
Australian Workplace Updates – July/Aug 2023
halkin HR News
Topic: Australian Workplace Updates – July/Aug 2023. New workplace policies are out for July/August. We've created a PDF to give you a good overview of the updates regarding:
- Minimum Wage Policy
- Superannuation
- Parental Leave
- Sexual Harassment
- Workplace Shutdowns
- Work Visas
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 Value of a Trusted Strategic Advisor
There is no question that small and medium size businesses (SMBs) in Australia need to focus on going digital in order to remain competitive. This is especially true when it comes to staying ahead of the curve and keeping up with the ever-changing digital landscape.
What many SMBs may not realise is the importance of having a trusted strategic advisor to help them navigate these waters.
Upgrading Your Current Technology Solution
Upgrading your current technology solution can have numerous benefits for Australian small and medium-sized businesses. Here are some of the benefits our clients are seeing across our technology projects.
1. Increased Efficiency
2. Improved Security
3. Enhanced Collaboration
4. Cost Savings
5. Increased Profits
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.
Australian Workplace Law Changes - January 2023
As your trusted business partner, The Halkin HR Team will always stay on top of the current and upcoming changes regarding workplace law and best practice to ensure that all our clients receive the most up to date information.
Our team of dedicated HR consultants have done their research and attended relevant webinars and compiled this easy-to-digest analysis of the new workplace law changes.
Please reach out to us for any assistance regarding the implementation thereof.
National Minimum Wage and Award Increases
The Fair Work Commission has handed down the 2022 Annual Wage Review decision, granting a 5.2% increase to the national minimum wage and a 4.6%, or a minimum of $40 per week, increase to modern award minimum wages.
In determining a proportional increase to modern awards, the Fair Work Commission determined that wages contained within modern awards that are above $869.60 per week will be increased by 4.6%, with rates below this figure to be adjusted by $40 per week.
This is the perfect time to consider what these increases will mean for you and your business. The increase this year is significant, so if you haven’t recently reviewed your employees’ rates and salaries to ensure they are still meeting the minimum requirements, now is the time.
